PoolTogether New Pod Feature: More Chance To Win Money
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PoolTogether New Pod Feature: More Chance To Win Money

By tomoyan | tomoyan | 27 Apr 2020


brief: Usually PoolTogether is categorized as "No-Loss Crypto Lottery" and I kind of agree with the term because you "buy" a ticket to win prizes.

But this is not a lottery. No one loses their money, because the ticket money goes into their savings accounts and prize is coming out of the savings account.

If you don't win or you want to get out of the savings account, you can do so anytime and get your money back, so everybody can keep their money for buying into a lottery and win.


Now, they came up with this new "pod" idea and it is taking "No-Loss Lottery" to a different level.

PoolTogether Blog: Winning More Prizes

It acts more like "Community Savings" now because they will combine tickets into a pod so that you have a higher chance to win prizes but then prizes are shared with everybody else in the pod. The winning portion gets smaller and it is more like an interest on savings account. But this is not just your savings account that has little money in it, it is the "community"s savings account that people have put a lot of money in.

But what does that really mean?

If you buy 5 single tickets(5 DAI), you will have a very small chance of winning.

You will probably never win with this odds. (0% probability)

singles

It won't hurt to try since you can get this money back any time you want.

But what if you combine these tickets into a pod? 

This will significantly increase the chance of winning to 1 in 9! (10% probability)

pod

I don't know what you are going to do with this information when you receive DAI from Publish0x, but with this odds, you will win something sometime soon... ish?!

Wait! How much do you win?

It is hard to tell... winning prize is different every week and it depends on...

  • The amount of money deposited into the pool
  • The interest rate the money in the pool is earning
  • The amount of time the money in the pool is earning interest

It can go from $300 to $3000 in no time and vice versa. It fluctuates a lot.

PoolTogether Blog: Prize Fluctuations

https://app.pooltogether.com/en/prizes/Dai

prizes

If you put 5 DAI into a pod RIGHT NOW, you will win... 😝

winning

But again, this amount changes all the time. 

What would happen if you put 50 DAI into a pod instead of 5 DAI? What if you buy 50 single tickets instead of a pod?

You can play with it and see how it works.

Just go to PoolTogether and connect your wallet.

Remember, if you don't win, you can still take out the money you put into it so you won't lose.

 

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