Orginal can be viewed here, https://snapshot.page/#/pooltogether/proposal/QmdYoQ8LYitwg4DiWN1dgujNHodrxxp7jWcqbg6XZc9VBb
This proposal is to create two pools,
- Free for all
- Capped tickets per address
Free For All
The free for all is within the current scope and requires no changes as it’s the current state of PoolTogether
Capped Ticket Per Address
Limited tickets based on a fixed number per address to create a fair pool where smaller bag holders can have a chance to win.
Why this is a good thing
The case of the small bag holder
Currently, smaller bag holders see addresses with 200K deposited and see their odds of winning are
1 in 7.38 (at the current rate), they think Pool Together is a good idea, but their 100 DAI only has a
1 in 4,224.75 … why even waste the gas…
They overlook the project and put their funds somewhere else…
Creating a fairer pool makes smaller bag holders feel like they have a chance to win, and thus increases the exposure of PoolTogeher and positive emotion for smaller bag holders.
Why is the current model bad?
Currently, donating tokens is being viewed as a marketing tactic for services, people, artists, DAO, token creators, etc.
However, they’re merely marketing to whales who don’t need the money anyway… and likely have a good research arm. Whales aren’t hurting in terms of finding gems.
Small bag holders are, and projects that have a HARD time attracting small bag holders.
The above-mentioned donators ARE overlook PoolTogether, as they think it’s merely a way for whales to win some loot.
Therefore, it’s not something they’ll want to be active in. Less donates… less lot… less unity. Fewer reasons to put your money here.
What would the limited Pool look like?
- Capped ticket per address
- 2-5 winners per week
- token holders donate based on the pool they wish to fund
- Couldn’t anyone create an unlimited number of addresses and just enter that way?
Sure, but they’ll be wasting a lot of gas and providing fee’s to Pooltogther…
- Two pools, means one might get funded less
Yes, let the market choice… not your own selfish desire.