No-Loss Lottery Savings

PoolTogether is a crypto-based no-loss lottery savings platform that pools users' interest earnings into prize drawings while preserving their principal investment. The concept adapts traditional prize-based savings accounts (popular in the UK) to the crypto world.

Key Points:

• Core Mechanism:

  • Users deposit crypto into savings accounts
  • Instead of earning tiny individual interest (like 0.1%)
  • All interest is pooled and awarded as lottery prizes
  • Users never lose their principal investment

• Market Validation:

  • Traditional version (Premium Bonds) in UK:
    • 20 million users
    • $100 billion in total savings
  • PoolTogether's Current Stats:
    • $200 million in assets under management
    • 9,000-10,000 active users
    • Considered significant user base for crypto applications

• Prize Structure:

  • Weekly jackpots
  • Portion of prizes roll over to next week
  • Larger deposits = more chances to win
  • Prize range from small amounts to large jackpots

• Value Proposition:

  • Encourages savings by making it exciting
  • Provides better incentive than traditional low-interest savings
  • Allows crypto holders to put assets to work
  • Alternative to just holding or selling crypto