Today I am going to show you how to use your USDT on Polygon to get a chance to win on the no-loss lottery contract on Pooltogether.
Different from the regular lotteries, where you buy tickets to get a chance to win the big prize, on Pooltogether instead of buying a ticket you only deposit your USDT, and as long as you keep it deposited you enter every contest to a shot at the big prize. This is the reason why it's called the no-loss lottery, as you don’t spend any money to be part of the drawdown (unless you count the cost of opportunity from having that USDT on a liquidity pool ).
So how can I get my tokens on there?
If you have tokens on BSC you can bridge them to Polygon easily by following my previous article:
Polygon (Matic) — Bridge your tokens from BSC to Polygon
cryptocasualwriter.medium.com
If you already have USDT on your Polygon wallet just go to:
PoolTogether App
Win $ every week just by saving your money.app.pooltogether.com
Log in with your wallet and select the Polygon network:
Filter the available pools for Polygon:
And deposit your USDT, the more you deposit the bigger your chances to win:
After you have deposited you just have to sit back and wait for your chance to win:
Adding on that there is a daily distribution of wMatic, as an extra incentive to keep your USDT there for a chance to win the big prize.
Comparing to the ETH Network the prizes are way smaller, however, remember that with Polygon the low fees allow you to just put a few dollars in without getting recked by fees!
Here are some good projects on Polygon that I currently use:
QuickSwap is a permissionless decentralized exchange (DEX) based on Ethereum, powered by Polygon Network’s Layer 2 scalability infrastructure.
QuickSwap Interface
quickswap.exchange
PoolTogether is a protocol for no-loss prize games on Ethereum. Modeled on the well established concept of “no loss lotteries” and “prize savings accounts” the protocol offers a chance to win prizes in exchange for depositing funds. … When you join a prize pool, your money is deposited into a yield source
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