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Comment by vdalal

I love the hack to lottery-fy savings.

Few comments:

1. Product: It in the wide spectrum anywhere between savings account <-> lottery. In your mind, is it closer to one edge vs. other? - Per my read and based on the rate (0.2%) offered, it is closer to the lottery end

2. Web page: "Savings + rate >15-100x banks + Win $10 mil" is what could be a turn off. Depending on the answer above, fix the headline

3. math on how this works: Show ONE public account with $ (say median of all accounts on Yotta or $100 for simplicity) that you would fund and track it in realtime with APY

4. FAQ: Could be more direct. Yes, one will need a Yotta account

5. FAQ: "3rd party “A” rated insurance carrier": May help you if you can reveal who on your website & theirs too

6. FAQ: In one answer, it say 15x and in another it say 20x (Chase or Wells Fargo)

7. 7 digits = 10 ^ 7 #s: if one can get 1000 users with $250K each, is the $10 mil guaranteed? :)

Edit: for readability

parent vdalal 6 years ago

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