POA
English
English
  • Welcome to POA
  • Features
    • Known Validators
    • POADAO Consensus
    • Bridged Native Token
    • On-Chain Randomness
  • Use Cases
    • Scalability for BlockChain Games
    • Community-Based Currencies
    • Subsidized Transactions
    • Decentralized Finance (DeFi)
  • DApp Spotlights
    • Ethernal.World
  • Roadmap
  • For users
    • POA Tokens
      • POA Merger & STAKE Swap
      • POA - STAKE FAQs
      • POA Token Supply
      • POA & POA20 Exchanges
      • POA & POA20 on Binance
      • FAQ: POA20 General Questions
    • POA Token Use Cases
      • Utility Token
      • Currency Token
      • Collateral Token
      • Bridged Token
      • Staking Token
      • Stable Token
    • POA to POA20 Bridge
    • Accept POA20 Payments
      • Account Registration & Login (Merchant Setup)
      • Setup Merchant Account
      • Merchant Payment Method Setup
      • Making a Payment with POA20 (Customer Perspective)
    • Tutorials
      • Trading POA20 on DEX.AG
      • POA20 Token Swaps on 1inch.exchange
      • Getting Airdrops via Discord
    • Governance
      • Article: A Successful Year of On-Chain Governance
      • Governance Reports
        • April 2020 Report
        • December 2019 Report
      • Ballot Type, Lifecycle & Limits
    • ❌Nifty Wallet (Discontinued)
      • Getting Started
      • Import and Interact with Smart Contracts
      • Connect to a Hardware Wallet (Ledger & Trezor)
      • Connect to D'CENT Biometric Wallet
      • Connect to Pocket Decentralized Network
    • 3rd Party Wallets
      • Trust Wallet
      • MetaMask
    • POA Mania
      • News - Updates
      • Rules
      • POA Mania FAQs
      • Deposit & Withdraw
      • Winner Selection
      • Round Details
      • POA Mania vs PoolTogether
      • POA Mania on Trust Wallet
      • POA Mania Security Audit
      • POA Mania on MetaMask Mobile
    • Whitepaper
      • POADAO v1
        • Introduction
        • Proof of Authority
        • POA Network Functionality
        • Decentralized apps (DApps)
          • Initial ceremony DApp
          • Proof of Physical Address (PoPA) DApp
          • Proof of Bank Account DApp
          • Proof of Social Network DApp
          • Proof of Phone Number DApp
          • Governance DApp
        • Summary & Acknowledgements
        • References
        • Appendix A: Code Samples
          • Ballots manager
          • Validators manager
          • Deployment scripts for the mining node
  • For developers
    • Developer Resources
    • Getting Tokens For Tests
      • ERC20 Test Token Faucet
      • Sokol Testnet Faucet
    • Full Node Setup
      • Install OpenEthereum Client
      • Install Nethermind Client
    • DApp Deployment
    • TheGraph Data Indexing
    • On-Chain Random Numbers
      • RNG explainer (AuRa + RandomAura Contract)
      • Accessing a Random Seed with a Smart Contract
      • Randomness FAQs
    • API & SQL Access
    • Smart Contract Dashboard
    • Grants for Building on POA
  • For validators
    • Getting Started
      • Validator Resources
      • Becoming a Validator
    • Bootnode Setup
      • AWS Bootnode Setup
        • Prerequisites
        • Configure AWS
        • Download and Configure Playbook
        • Deploy
      • Non-AWS Bootnode Setup & Deployment
        • Local/Remote Machine System Requirements
        • Node Preparation
        • Configure node with Deployment Playbook
    • Validator Node Setup
      • Nethermind Upgrade
      • AWS VM for Validator Node Deployment
        • MoC: Master of Ceremony Key Exchange & Generation
        • Current Validators Vote in New Validators
        • Validator Node Setup Prerequisites
        • Configuring AWS
        • Download and Configure Playbook
        • Deployment
        • Upgrade Instance to a Larger Instance Type
      • Non-AWS Validator Node Setup
        • Local & Remote Machine System Requirements
        • Remote Machine Setup
        • Configure Node using Deployment Playbook
      • NetStats Dashboard
    • Hard Forks
      • Parity Upgrade Guide
      • POA Core
        • 2021-11-02 | #24090200
        • 2021-05-24 | #21364900
        • 2020-03-31 | #14350721
        • 2019-12-19 | #12598600
        • 2019-04-29 | #8582254
        • 2018-01-29 | # 772000
        • 2018-10-22 | #5329160
        • POA Core spec.json hard-fork update
      • Sokol
        • 2021-05-24 | #21050600
        • 2020-02-20 | #13391641
        • 2019-12-05 | #12095200
        • 2019-02-06 | #7026400
        • 2019-01-04 | #6464300
        • 2018-09-19 | #4622420
        • 2018-01-18 | #509355
        • 2018-01-08 | #362296
        • Sokol spec.json hard-fork update
    • Validator DApps
      • Validators MetaData DApp
      • Adding or Removing a Validator
  • Media
    • Social Media
    • Media Kit
    • Contact Us
Powered by GitBook
On this page

Was this helpful?

  1. For users
  2. POA Mania

POA Mania vs PoolTogether

POA Mania and PoolTogether are both no-loss lotteries, where participants commit funds for a chance to win additional funds. In contrast to most lottery-style games, players cannot lose the funds they commit. Both apps are similar in this way and do not constitute gambling. In fact, the game play encourages savings, as players keep their funds in the contracts or deposit additional funds to increase their chances of winning.

While they do not lose any funds, players maintaining funds in PoolTogether are losing out on interest they could earn on their funds by placing them in Compound or another DeFi application. With POA Mania, players do not lose out on any potential gains; the funds they commit qualify them for a chance to win additional POA that is produced through chain emissions. Other key differences are highlighted below.

PoolTogether

POA Mania

Chain

Ethereum Mainnet

POA Mainnet / Sokol Testnet

Prize Created By

DAI Compound Interest

POA Chain Emissions

Token Value

Stable

Duration

Weekly

Up to Daily - based on Round Closer

# of Winners

1 per week

Up to 3 per day (21 per week)

Prize Amount

Based on deposits

Independent of deposits

Jackpot

No

Yes, grows daily. 1% chance of a winner each round.

Round Close

Predetermined

Dynamic - Round Closer receives prize

Winner Selection

Requires administrator (Centralized)

On-chain (Decentralized)

Key Differences

  1. PoolTogether rewards come from interest generated by all DAI locked in the lottery contract. This requires large deposits and a substantial amount of time to accumulate a meaningful reward pool (1 week cycle). POA Mania rewards come from chain emissions. With the proposed model, thousands of POA will be distributed to winners daily.

  2. PoolTogether relies on a centralized authority to determine the winner. POA Mania uses random numbers created on-chain to choose the winners. POA Mania is a fully decentralized application, not subject to centralized manipulation.

  3. PoolTogether offers 1 weekly winner. POA Mania offers 3 daily winners (1st, 2nd and 3rd place) as well as a jackpot winner.

  4. PoolTogether rewards are stable tokens. POA Mania offers volatile token rewards, increase speculative opportunities.

  5. PoolTogether operates on a defined weekly timeline. POA Mania allows any participant to close a round after a preset minimum amount of time has passed (set to 1 day on POA Network). The pool closer receives a portion of the pot. This creates a ‘game within a game’ which increases excitement and interaction.

PreviousRound DetailsNextPOA Mania on Trust Wallet

Last updated 5 years ago

Was this helpful?

Volatile (prize value or depending on market)

⬆️
⬇️