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PoolTogether and Juno to Launch a Debit Card for Prize Savings
March 15, 2023
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Juno has launched a debit card for Pool Together, allowing users to save and win at the platform while spending winnings to earn rewards. Deposits are fully liquid and earn interest through DeFi protocols like Aave.
Juno is set to launch the prize savings protocol, Pool Together debit card, which allows users to save and win at the Pool Together platform and spend their winnings to earn rewards.
The debit card has not yet been launched, but interested users can join the waitlist here. How to do that?
After heading over to the platform, you need to connect your wallet to the platform. We will be using Metamask here. Once you've signed with your wallet, create a tag like bscnews here in lowercase letters:
You will then need to enter your email and reserve your spot on the waitlist.
PoolTogether is live on Ethereum, Polygon, Optimism and Avalanche. You can deposit USDC on the above networks in exchange for tickets (PTaUSDC).
As soon as a deposit is made into PoolTogether, it is automatically routed to other decentralized finance protocols, such as Aave, in order to earn interest. As with Aave, deposits can be withdrawn at any time as it is "fully liquid.” Interest accrues every 15 seconds.
Rewards are accumulated in real time and can be claimed in the PoolTogether app every Tuesday at 7 pm UTC.
There is a large prize of $5,000 awarded every 30 days. This is the same across all networks (Ethereum, Polygon, Avalanche, and Optimism). There are also smaller prizes that are optimized for each network.
As reported, The $OP rewards for PoolTogether depositors on Optimism have been extended until March 28th, 2023. Since PoolTogether's launch over three years ago, it has distributed over $5 million in prizes.
What is PoolTogether:
PoolTogether is a prize savings protocol that allows you to win by saving. You can win prizes for every dollar you deposit. According to the protocol, saving more increases your chances.
Learn more about Pool Together:
Website | Twitter | Discord | Telegram
What is Juno Finance:
Juno is a cross-border neo-banking platform that aims to provide high-yield savings accounts to users all over the world. All cash assets are held by Evolve Bank & Trust in the form of individual accounts. They are all FDIC-insured up to $250,000.
Learn more about Juno Finance:
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Related News
Binance VIP Traders Informed of $4B Settlement Back in September
December 1, 2023
The exclusive gathering took place at a luxurious Singapore night club in September, where attendees engaged with Binance executives and probed about the potential settlement.
Binance reportedly hosted an exclusive dinner for its most significant market makers in September. The gathering, held at a prestigious Singapore nightclub, was an intimate setting where select VIP traders gained insights into the impending $4 billion settlement with the U.S. Department of Justice, according to a recent report from Bloomberg.
The private dinner, organized for Binance's top traders, unfolded in the upscale 1880 members-only club. Attendees, consisting of market makers and traders, engaged in discussions with Binance executives about the company's legal challenges. The conversations revolved around the potential $4 billion fine, leaving attendees convinced that Binance could afford and would settle such a substantial amount.
Attendees' Perspectives
Reports suggest that attendees, after breaking into smaller groups, sought clarification on Binance's legal troubles. They left the dinner with a heightened expectation of the $4 billion settlement, emphasizing the significant financial impact it would have on the exchange.
Former CEO Changpeng Zhao was notably absent from the gathering, with the then-head of regional markets, Richard Teng, representing the company.
In response to the reports, a Binance spokesperson disputed certain aspects of the event's depiction while refraining from specifying the inaccuracies, as per The Block. This discrepancy in accounts raises questions about the transparency surrounding Binance's legal challenges and its communication with stakeholders.
Implications of the Settlement
Binance’s $4 billion settlement with U.S. authorities, including the Department of Justice, Department of the Treasury, and the Commodity Futures Trading Commission, marked one of the largest corporate settlements in U.S. history.
The resolution concluded a criminal investigation into allegations of money laundering and sanctions violations, settling many of Binance's legal troubles in the U.S. However, Binance.US and Changpeng Zhao still face a lawsuit filed by the U.S. Securities and Exchange Commission.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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