Leighton Cusack Explains How PoolTogether, a No-Loss Lottery Works - Ep. 6


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By Bobby Ong & TM Lee, Bobby Ong, and TM Lee. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

In this episode, Bobby Ong, co-founder of CoinGecko is joined by Leighton Cusack, CEO of PoolTogether. Bobby interviewed Leighton on the story behind PoolTogether, some of the stats on PoolTogether and challenges to grow PoolTogether, as well as the plan for 2020.

[00:00:02] Intro
[00:01:29] Background on PoolTogether
[00:03:34] Stats on PoolTogether
[00:07:23] The meaning of Open Ticket
[00:10:42] How PoolTogether selects the winner?
[00:13:07] The experience of receiving a MakerDAO grant
[00:14:09] Does PoolTogether have a kill switch?
[00:16:13] Challenges in building and growing PoolTogether
[00:18:31] PoolTogether’s business model
[00:22:52] PoolTogether’s plan for 2020
[00:23:53] Where to follow PoolTogether?

Quotes from the Episode:

“And so actually something that we're announcing this week is ticket tokenization which basically the tickets are now going to be tokens that can be transferred” [06:48]

“So the more money you deposit, the higher your chance to win it. The luckiest winner was that person who only deposited 10 DAI and they won $1700.” [04:15]

“We also have a bug bounty program with the top award of $25,000 to award anyone who finds bugs in the code.” [15:10]

PoolTogether - https://www.pooltogether.com/
CoinGecko - https://www.coingecko.com/

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