The POOL Token

POOL is the governance token of the PoolTogether protocol. Control protocol rests solely in the hands of the community holding the POOL tokens. The primary duties of POOL holder governance is to ensure growth of the protocol by managing the protocol parameters properly. Those parameters are:
  • Managing the distribution of the POOL token
  • Determine parameters of prize pools (i.e. how many winners per week, prize size etc.)
Changes to the protocol can be submitted by anyone holding or delegated 10,000 POOL tokens. Once a change has been submitted it is voted on by POOL token holders. You can read more about how to submit governance proposals and how voting works here.
Last modified 3mo ago
Copy link