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PoolTogether: Save Money, With a Chance to Win

Leighton Cusack, CEO and cofounder of PoolTogether, describes how the Ethereum-based no-loss lottery applies the psychology of winning a prize to the action of saving money, to get more people to save, why this is better than a typical lottery, and how blockchain technology makes it even better than a typical no-loss lottery. He also talks about how PoolTogether works, why it currently uses Dai and Compound and whether it would use other stablecoins and interest-bearing platforms. We also discuss who is using it, why many non-crypto people are interested, and how they plan to reach more of their target audience.

Thank you to our sponsors!

eToro: https://www.etoro.com

Crypto.com: https://crypto.com

Kelman Law: https://kelman.law

Episode links:

Pool Together: https://www.pooltogether.com/

Leighton Cusack: https://twitter.com/lay2000lbs

CoinDesk on PoolTogether: https://www.coindesk.com/this-ethereum-lottery-perfectly-explains-how-facebooks-corporate-backers-will-profit-from-libra

Decrypto story: https://decrypt.co/9072/pooltogethers-ethereum-based-no-loss-lottery-is-back-with-a-twist

MakerDAO grant: https://blog.makerdao.com/maker-foundation-community-grants-provide-funding-for-blockchain-projects/

News Recap:

https://unchainedpodcast.com/please-slather-this-on-your-face/

 

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