Top 10 Best NFTs To Buy And Invest In
Non-Fungible Token is one of the most transient terms in the cloud. The majority of people are unfamiliar with the term NFT, but it is worth investing in....
PoolTogether is an Ethereum-based lottery platform that allows users to buy lottery tickets by depositing cryptocurrencies into pools. Each pool holds a weekly drawing to give a prize pool to up to five winners, but your tickets do not expire after the drawing; instead, they carry over to the next drawing, and so on, until all the drawings are completed. This will continue until you win or the cash in the pool are withdrawn.
It's a no-loss lottery in this case: you might not win, but there's also no risk of losing. PoolTogether also refers to it as a "prize savings" strategy, because you might be rewarded for keeping your cryptocurrency rather than spending it elsewhere.
PoolTogether is a cryptocurrency staking platform that blends the classic lottery method with crypto staking. Crypto staking is a method of putting your cryptocurrency holdings to work in order to generate passive revenue. It's the same as putting money in a high-interest savings account. Crypto lotteries have combined this concept with the regular lottery system.
The rewards are funded by the interest earned on the lottery pool by PoolTogeteher.
PoolTogether touts it as a prize-savings strategy in which you are rewarded for not spending your cryptos.
Crypto lotteries have exploded in popularity in recent years. They are more transparent since they are built on the blockchain. They also operate on a global scale with significant, easily accessible pay-outs. These advantages have made them a desirable option for regular lottery players.
The PoolTogether platform promises a lottery where one never loses their money, even if they never win.
As it doesn’t have the risk of losing money, it attracts every crypto enthusiast and traditional lottery holders.
Unlike the traditional lottery system, pooltogether crypto-powered lottery tickets will not get expired.
The lottery pool awards prizes to up to five winners and even if you do not win, they will be rolled over to the next draw.
Crypto staking is a way of earning passive income on your crypto holdings by putting the tokens to work.
PoolTogether combines blockchain with smart contracts and decentralized applications to create a game that gives you a huge upside while minimizing the downsides.
Even though you win or not, there is no element of losing money in this platform, which attracts every crypto enthusiast.
PoolTogether is a deceptively easy DeFi app that rewards users for depositing money by giving them the chance to win prizes.
01Smart contract that select the winner each week are completely automated which makes the platform utterly trustable.
02Once your tickets are in the pool, you don’t have to do anything. Your tickets will automatically be eligible to win until you withdraw.
03Study thoroughly and invest wisely
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