Purpose & Team
The purpose of PoolTogether is to empower financial health. This happens by:
- Enabling people to have a chance for large returns without needing to risk their money
- Encouraging saving money by offering prizes
- Directing money away from wealth-destroying lotteries
PoolTogether is better than lotteries because you don't have to risk your money.
PoolTogether is better than a savings account because you can still get large returns
These things also make PoolTogether the best way to introduce people to the power of Decentralized Finance (DeFi).
The PoolTogether protocol is a decentralized and open source piece of software that runs on blockchains (currently Ethereum and Polygon). Because it is decentralized no single individual or company controls the protocol.
A large community of companies and individuals contribute to the growth and ongoing development of the protocol. You can find that community and join that community in the following places:
Although there are many contributors, the ultimate control of the protocol lies with the POOL token holders. You can read more about that here.