Description
PoolTogether is a decentralized no-loss lottery protocol on the Ethereum blockchain that allows users to deposit their crypto assets for participation in a lottery without risking their initial deposit. The pooled funds generate interest through yield farming, and the gathered yield is distributed as a prize to some lucky participants. This non-custodial platform ensures users maintain control over their assets, ensuring transparency and security via smart contracts. It supports multiple cryptocurrencies and DeFi integrations, encouraging savings through an engaging, risk-free lottery mechanism. PoolTogether's native token, POOL, operates on Ethereum, with a total supply of 10,000,000, although none are currently in circulation. Its price stands at approximately $0.40, with recent trading activity showing growth, and it is actively traded across 19 markets. More details are available on their website.
PoolTogether is a decentralized no-loss lottery protocol on the Ethereum blockchain that allows users to deposit their crypto assets for participation in a lottery without risking their initial deposit. The pooled funds generate interest through yield farming, and the gathered yield is distributed as a prize to some lucky participants. This non-custodial platform ensures users maintain control over their assets, ensuring transparency and security via smart contracts. It supports multiple cryptocurrencies and DeFi integrations, encouraging savings through an engaging, risk-free lottery mechanism. PoolTogether's native token, POOL, operates on Ethereum, with a total supply of 10,000,000, although none are currently in circulation. Its price stands at approximately $0.40, with recent trading activity showing growth, and it is actively traded across 19 markets. More details are available on their website.
