Welcome to PoolTogether General, dedicated too the discussion of the world's leading decentralized prize savings cryptocurrency!
PoolTogether is a groundbreaking platform that aims to revolutionize savings by combining the thrill of a lottery with the security of traditional savings accounts. Unlike conventional savings methods, PoolTogether employs an innovative protocol that rewards participants with the chance to win prizes without risking their initial savings. The basic function of PoolTogether revolves around the concept of a no-loss lottery. Users deposit their funds into a prize pool, which is then invested to generate interest. Instead of losing their principal or earning meager interest, participants in PoolTogether have an equal opportunity to win the interest accrued in the pool.
With v5 launching in July, PoolTogether allows any user to create a Pool Vault for any token as long as the token is linked to a yield generating pool. v5 also changes distribution to the native Pool token, so when interest is generated and prizes are awarded, they are done so through market purchases of the Pool Token. This directly links the Pool Token to the Total Value Locked in the platform, creating a powerful positive feedback loop.
If you still have questions, feel free to ask and a Pooler will get back to you.
Official WEBSITE: https://pooltogether.com/
PoolTogether DAO: https://gov.pooltogether.com/
Polygon Pool Staking: https://polygonpool.win/