PoolTogether

PoolTogether

A no-loss, audited savings game powered by blockchain technology. Learn more
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PoolTogether is a unique financial startup operating in the cryptocurrency market. It uses a model known as a "no-loss lottery" or "prize savings," which is a proven tool to help people save money and avoid the pitfalls of traditional lotteries. The company serves a broad range of clients, from individual savers to developers looking for organic usage for wallets, yield sources, and blockchains.

The business model of PoolTogether is simple yet innovative. Users deposit their money into the pool for a chance to win a prize. The yield from these deposits is then used to fund the prizes. The key selling point is that there are no fees and users can withdraw their money at any time, hence the term "no-loss lottery." This model encourages saving while also providing the thrill of a potential win.

PoolTogether operates in the rapidly growing cryptocurrency market, specifically focusing on protocols. A protocol in this context refers to a set of unchangeable rules that automate services, making the process of prize savings more transparent, fair, and accessible. The company prides itself on being 100% transparent and free, attracting a user base of 46,000 people who have collectively saved $3.8 million with PoolTogether.

The startup generates revenue by taking a small percentage of the yield generated from the pooled deposits. As the pool grows, so does the yield and subsequently, the company's revenue. The company's mission is to provide financial freedom for all, leveraging the power of blockchain technology to democratize access to wealth-building tools.

Keywords: No-loss lottery, Prize savings, Cryptocurrency, Blockchain, Financial freedom, Transparent, Yield, Deposit, Withdraw, Protocol.

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