PoolTogether is not a cryptocurrency, but rather a decentralized finance (DeFi) protocol built on the Ethereum blockchain. It aims to gamify savings by providing a no-loss lottery system, where users' deposits are pooled together and used to generate interest through lending platforms or yield farming. In PoolTogether, instead of risking the principal, users have a chance to win a portion of the interest earned by the entire pool. This creates an incentive for users to save their money while also having a potential opportunity to win more.
The protocol uses smart contracts to ensure transparency and fairness, and the prizes are paid out in stablecoins. PoolTogether has gained popularity in the DeFi space for promoting responsible saving habits while offering a unique and innovative approach to lottery systems. It has its native token called POOL, which is used for governance and decision-making within the PoolTogether ecosystem.
For those who want to download the Pooltogether logo, we have
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