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PoolTogether Price (POOL)
$0.66846
0.29%
Rank #1519
PoolTogether Price Chart (POOL/USD)
Last updated 22 Jun 2022, 09:10AM UTC. Currency in USD.
Markets
# | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
---|---|---|---|---|---|---|
1 |
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POOL / ETH | $0.68311400 | 1.50% | $18,109 | |
2 |
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POOL / USDT | $0.53454900 | 1.98% | $5,928 | |
3 |
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POOL / USDT | $1.46 | 1.16% | $22,189 | |
4 |
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POOL / ETH | $1.46 | 4.10% | $7,511 | |
5 |
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POOL / USDT | $0.76060500 | 1.48% | $4,127 |
POOL Price Statistics
$1
24H Range
$1
- PoolTogether Price Now $1
- 24h Low / 24h High $1 / $1
- Trading Volume $14,310
- Market Cap Rank #1514
- Market Cap $2,043,655
- Volume / Market Cap 0.0070
-
All-Time High
$54 -98.77%
Feb 20, 2021 -
All-Time Low
$1 30.32%
Jun 18, 2022
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PoolTogether Cryptocurrency: A Revolution in Savings
Introduction
PoolTogether is a groundbreaking cryptocurrency that is transforming the way individuals save money. By combining the concept of a traditional savings account with the excitement of a lottery, PoolTogether offers users the opportunity to earn interest on their savings while also having the chance to win substantial prizes.
How Does it Work?
PoolTogether operates as a decentralized application (DApp) built on the Ethereum blockchain. Users can deposit their cryptocurrency into a prize pool, which functions similarly to a savings account. Instead of earning interest on their savings, users have the possibility of winning a significant portion of the prize pool.
The prize pool is generated through the interest earned by depositors' funds. This means that even if a user doesn't win the lottery, their deposits will continue to grow over time.
Ensuring Fairness
PoolTogether employs a smart contract mechanism to ensure fairness in the prize distribution. The smart contract uses cryptographic algorithms to randomly select a winner from among the pool's depositors. This ensures that the selection process is transparent, unbiased, and tamper-proof.
The Benefits of PoolTogether
PoolTogether offers numerous advantages for users looking to save their cryptocurrency:
- No Losses: Regardless of the lottery outcome, users' deposits remain safe and continue to earn interest over time.
- Incentives to Save: The possibility of winning a large portion of the prize pool acts as a well-deserved reward for those who actively save.
- Community-oriented: PoolTogether creates a sense of community among users by allowing them to compete against one another in a fun and exciting manner.
Conclusion
PoolTogether revolutionizes the concept of savings by integrating the thrill of a lottery with the security of a savings account. It offers a unique opportunity for individuals to grow their savings while also having the chance to win life-changing prizes. With its transparent and decentralized nature, PoolTogether is leading the way in creating an inclusive and engaging savings experience within the cryptocurrency market.