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/