How to Participate PoolTogether Lottery?

in #pooltogether • 4 years ago

What is PoolTogether?

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PoolTogether is a "no-loss savings game" powered by blockchain technology that provides you with a chance to win a prize every week. The idea is quite simple: users pool their DAI or USDC (both are stablecoins) by purchasing tickets. The assets in each pool accumulate interest through Compound, a lending protocol. The interest is then won by a ticket holder, picked at random, each week.

How to Participate in PoolTogether?

1.Before using PoolTogether, make sure you have some DAI available, as well as ETH to pay the gas fee. Connect your wallet to PoolTogether. We use WalletConnect to bind Huobi Wallet to PoolTogether.

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2.Enter the amount of tickets you want to purchase. 1 ticket equals 1 DAI. The more tickets you purchase the bigger is the chance to win. You can only enter whole numbers. Click ‘Buy tickets’ to move to the next step.

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3.Click ‘Allow DAI’ and confirm DAI use on your Huobi Wallet.

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4.Wait for transaction confirmation and click ‘Complete purchase’ to finish the transaction. Confirm transaction in your Huobi Wallet and pay the gas fee.

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5.Tap ‘Account’ to see details of your purchased tickets, balance and winnings.

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No matter you win or not you get all your money back and you can withdraw your savings and winnings at any time.

*Please pay attention that every financial operation and decision has a potential investment risk, making an investment think carefully, do not take any impulsive decision.

#lottery #defi #tutorial #huobiwallet
4 years ago in #pooltogether by
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