Market Rank | #2463 |
---|---|
Market Cap | $ 1.9M |
Volume 24h | $ 3.6K |
Circ. Supply | 6.0M |
Total Supply | 10.0M |
Max Supply | 10.0M |
The current price of PoolTogether (POOL) is $ 0.31625000.
PoolTogether is a cryptocurrency based on the Ethereum network. It utilizes a unique approach known as a "no-loss lottery," where users can join a pool by purchasing tickets with their POOL tokens. These pooled funds generate interest, and the interest is distributed to a random participant, creating a form of "lottery" where no one loses their initial investment.
PoolTogether was created by a group of developers who aimed to tackle problems associated with traditional lottery systems, providing a safer alternative where people can still take part in a lottery-like system but without losing their original investment.
The principle of a no-loss lottery system is what sets PoolTogether apart from other cryptocurrencies. Through this system, every participant retains their original investment, with the chance to win interest generated by the collective pool of investments. This offers a fun, risk-free participation in a lottery event.
Unlike traditional cryptocurrencies like Bitcoin, PoolTogether does not involve a mining process in the traditional sense, as it is an Ethereum-based token. The supply of POOL tokens is predetermined and they are earned by participating in the pools or through community participation.
As an Ethereum-based token, PoolTogether benefits from the robust security measures of the Ethereum network. Transactions are confirmed by the Ethereum network's miners, and the contract code was audited and reviewed by blockchain security specialists for additional security.
There are currently 6.0M POOL tokens in circulation out of a total supply of 10.0M.
Over the past 24 hours, the price of PoolTogether (POOL) has increased by +1.67%.
POOL tokens can be purchased safely on the following exchanges: Hotbit.
POOL tokens, being Ethereum-based, can be stored in any wallet that supports ERC-20 tokens. Some popular choices include MetaMask and hardware wallets like Trezor or Ledger. Always remember to use a secure wallet and store your private keys and backup phrases in a safe place.
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