Bitcoin Forum

wPGO (Wrapped Pengolincoin)

https://www.pengolincoin.xyz/img/wPGO-gold-256x256.png

What is Wrapped Pengolincoin?
Wrapped PengolinCoin (wPGO) is simply an ERC20 token that represents the real Pengolincoin coin ($PGO) on the Ethereum ecosystem.
Having an ERC20 token representation allows Pengolincoin to integrate into the Ethereum ecosystem, which includes decentralized finance, wallets, dapps, and smart contracts.
PengolinCoin (wPGO) will also provide a privacy gateway from wPGO to PGO.

Etherscan
wPGO now listed on Etherscan! https://etherscan.io/token/0x952e116156d4b0ae398c1f85dd7683957be08526?a=0xE5824256d4D08a09164bC127ccD22E58A2135522

Uniswap
wPGO is officially listed on Uniswap! https://app.uniswap.org/#/swap (https://app.uniswap.org/#/swap)
Please select token, search for wPGO by ticker, “wPGO’ or by address 0x952e116156d4b0ae398c1f85dd7683957be08526
Earn rewards by supplying liquidity to the wPGO liquidity pool!

What is the use case?
On the Ethereum ecosystem, $wPGO allows the use of a variety of financial instruments already available in DeFi, like decentralized trading on 🦄 Uniswap and other DEX'es.
It allows $wPGO users to create leveraged stable coin trades as a yield aggregator for lending platforms that re-balance for the highest yield during contract interaction (supported stable coins will include, $DAI $USDC $USDT $TUSD).
In addition, $wPGO allows users to offer Liquidity Pools (know as LPs) to earn additional interest on their yield-bearing tokens, where traders can even create leveraged positions.

Specs:
Max supply: 2,000,000 wPGO
Soft Cap:  500,000 wPGO
Hard Cap:  1,500,000 wPGO

All proceeds will be distributed in the following manner:
25% Development & Operations
25% Dex liquidity
20% Marketing & Promotions
15% Partnerships and Exchanges
15% Team Development

wPGO website:
https://www.pengolincoin.xyz/wpgo/ (https://www.pengolincoin.xyz/wpgo/)

wPGO team:
https://www.pengolincoin.xyz/wpgo/team.php (https://www.pengolincoin.xyz/wpgo/team.php)

wPGO distribution:
https://www.pengolincoin.xyz/wpgo/distribution.php (https://www.pengolincoin.xyz/wpgo/distribution.php)

#PGO landing page
https://www.pengolincoin.xyz/ (https://www.pengolincoin.xyz/)
#PGO website
https://www.pengolincoin.xyz/pgo (https://www.pengolincoin.xyz/pgo)
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#Blog
https://blog.pengolincoin.xyz/ (https://blog.pengolincoin.xyz/)
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#PGO Blockexplorer
http://blockexplorer.pengolincoin.xyz/ (http://blockexplorer.pengolincoin.xyz/)
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#PGO Github
Code: https://github.com/pengolincoin/PengolinCoin-Core (https://github.com/pengolincoin/PengolinCoin-Core)
Latest realeases (Windows, Linux, Raspberry Pi): https://github.com/pengolincoin/PengolinCoin-Core/releases/latest (https://github.com/pengolincoin/PengolinCoin-Core/releases/latest)
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#PGO Social networks
Discord:https://discord.gg/XTk8u4w (https://discord.gg/XTk8u4w)
Telegram group (chat): https://t.me/pengolincoin (https://t.me/pengolincoin)
Telegram channel (news): https://t.me/PengolinCoinNews (https://t.me/PengolinCoinNews)
Slack: https://join.slack.com/t/pengolincoinworkspace/shared_invite/zt-htuhp95c-scu3_cwoEjA7lgtxhnQ4zA (https://join.slack.com/t/pengolincoinworkspace/shared_invite/zt-htuhp95c-scu3_cwoEjA7lgtxhnQ4zA)
Twitter: https://twitter.com/PengolinC (https://twitter.com/PengolinC)
Facebook: https://www.facebook.com/PengolinCoin (https://www.facebook.com/PengolinCoin)
Reddit: https://www.reddit.com/u/PengolinCoin
Medium:  https://medium.com/@cryptorigvin (https://medium.com/@cryptorigvin)
Bitcointalk: https://bitcointalk.org/index.php?topic=5234832.0 (https://bitcointalk.org/index.php?topic=5234832.0)

Blockchain Infinity: /vvgNRRJb6u?amp=1]https:/[Suspicious link removed]/vvgNRRJb6u?amp=1 (http://https:/[Suspicious link removed)
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#Buy and sell PGO
Listed on Hotbit Exchange: https://www.hotbit.io/exchange?symbol=PGO_USDT (https://www.hotbit.io/exchange?symbol=PGO_USDT)
Listed on Bkex:  https://www.bkex.com/trade/PGO_USDT (https://www.bkex.com/trade/PGO_USDT)
Listed on Cratex: https://cratex.io/index.php?pair=PGO/BTC (https://cratex.io/index.php?pair=PGO/BTC)
Listed on BTCSquare: https://www.btcsquare.net/ (https://www.btcsquare.net/)
Listed on Bitsnails: https://www.bitsails.com/market?MarketName=BTC-PGO (https://www.bitsails.com/market?MarketName=BTC-PGO)
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#Shared Masternode Listings
Zcore:  https://zcore.app/pgo (https://zcore.app/pgo)
Nodemn (Chinese): http://www.nodemn.com/ (http://www.nodemn.com/)
MyMasternode.host: https://www.mymasternodes.host/deployprep?ticker=PGO (https://www.mymasternodes.host/deployprep?ticker=PGO)

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#Masternodes pool platform
LNO Pools: https://lnopools.com/ (https://lnopools.com/)

#Staking pool
Octopool: https://octopool.net/ (https://octopool.net/)
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#Listed on
Listed on CoinMarketCap: https://coinmarketcap.com/currencies/pengolincoin/ (https://coinmarketcap.com/currencies/pengolincoin/)
Listed on CoinGecko: https://www.coingecko.com/en/coins/pengolincoin (https://www.coingecko.com/en/coins/pengolincoin)
Listed on CoinPaprika: https://coinpaprika.com/coin/pgo-pengolincoin/ (https://coinpaprika.com/coin/pgo-pengolincoin/)
Listed on Pecunia: https://pecuniaplatform.io/coin-details/PengolinCoin (https://pecuniaplatform.io/coin-details/PengolinCoin)
Listed on Coinpare: https://coinpare.io/coin/pgo-pengolincoin (https://coinpare.io/coin/pgo-pengolincoin)
Listed on Digitalcoinprice: https://digitalcoinprice.com/coins/pengolincoin (https://digitalcoinprice.com/coins/pengolincoin)
Listed on Coinstats: https://coinstats.app/en/coins/pengolincoin/ (https://coinstats.app/en/coins/pengolincoin/)
Listed on TokenMarketCaps: https://tokenmarketcaps.com/coins/pengolincoin (https://tokenmarketcaps.com/coins/pengolincoin)
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#Others
Coinbase: https://www.coinbase.com/price/pengolincoin (https://www.coinbase.com/price/pengolincoin)
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Partnerships
Partnered with Cryptocurrency Checkout:  https://cryptocurrencycheckout.com/coin/pengolin (https://cryptocurrencycheckout.com/coin/pengolin)
Partnered with Cryptwerk:  https://cryptwerk.com/pay-with/pgo/ (https://cryptwerk.com/pay-with/pgo/)
Partnered with Cryptomasters: https://crypto-masters.club/ (https://crypto-masters.club/)
Partnered with Orecoingames Casino:  https://orecoingames.com/ (https://orecoingames.com/)
Partnered with Blockspot.io:  https://blockspot.io/coin/pengolincoin/ (https://blockspot.io/coin/pengolincoin/)
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#pangolins & charity
PengolinCoin has partnered with the Pangolin Crisis Fund. Help us save the endangered Pangolin. https://donate.wildnet.org/pangolin-crisis-fund (https://donate.wildnet.org/pangolin-crisis-fund)
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#Online store
Make a purchase at our online store and part of the sale will go to the Pangolin Crisis Fund:pray_tone1: https://teespring.com/stores/pengolincoin-store (https://teespring.com/stores/pengolincoin-store)

Videos: https://www.pengolincoin.xyz/pgo/PGOvideos.php (https://www.pengolincoin.xyz/pgo/PGOvideos.php)

Disclaimer: Cryptocurrencies are inherently risky and investors and users must do their due diligence before investing. Invest at your own risk. Terms and conditions subject to change without notice.

does this project have a whitepaper to read ?
and maybe if this project show the detail of the team members will make this project better mate
because i can't see the team members here and in official website

So in other, simpler, words, your token has no utility or purpose other than to be traded and held to earn from LP? Also, I am not sure I get your tokenomic, like... at all. Perhaps you can explain them in a more details?

They have it, they just didn't think of posting such a necessary thing in this thread, but idk it was original from them or copy paste from another but I got this link at the website https://www.pengolincoin.xyz/pgo/downloads/New-PGO-white-paper-V2.pdf
They also put information for their team, https://www.pengolincoin.xyz/wpgo/team.php

most defi tokens have no actual purpose. same old story that we will see here. i bet, this one will not last long. give it a lifespan of 6 months and let's go from there. most defi platforms are offering high roi for nothing. i dont know if a lot of people are still believing in that kind of promise.
defi hype is slowing down. as people are now realising that this is just another hype that will pass very soon. only those strong defi platforms can implement what a defi platform should be. and in my impression, this one is not.

yes like that, because many new projects or old projects follow the current trend, and all people are starting to realize now and Defi's hype is starting to decrease ,,, most projects use Defi to find the center of attention without thinking about the fate of each project in the future, according to I am a very rushed Defi project that is just looking for a thrill will be a dead project for the future

I won't call that a whitepaper, they're four and --barely-- a half page of abstract, intro, intro of tech they used, roadmap, and token details that adds more confusion of this wrapped token than before, that I decided to ignore it until dev answer my questions of their token details.

Yes and yes. Please see the links.

If you actually did your due diligence you would see that PGO has been around for over 9 months and we are growing. And wPGO does have a use case, once again if you actually read and did some due diligence (DD) you would see that. Defi is here to stay and is the future that's why PGO wants to be in the ecosystem.

Yes, it does have a purpose, we spend a lot of time writing about it and giving links. I wish it were read. Anyway, PGO is BTC based and can't be used in the defi ecosystem, that is one reason why we made wPGO, which is stated in the above. So our users can access the defi ecosystem and use it. The other use case is to provide a privacy gateway for our users from defi (wPGO) to privacy (PGO) via a swapping tool/bot.

Sorry about the confusion, yes, the whitepaper needs to be updated and we will asap. Our wPGO project has taken up a lot of time and we are focusing our energy and resources there first.

Oh, rest assured that it is read, hence the confusion. First thing that you might be able to clear: this is a warped token, right? A "copy" that works as a bridge for a token between two chains. In this case, etherchain and blockchain. So why do we need a token sale? Wouldn't people be able to just switch their token through gateway like wETH? Seems easier that way.

Please follow link to our Discord, all the info is there or go to wPGO website.  Here is a tutorial video as well, https://youtu.be/StvXFwMXnL0

Sorry you are confused. It is not a warped token it is a wrapped token. It is not a copy, it is a representation and it is not a bridge between chains. PGO is BTC based and wPGO is ETH based, it is impossible (at this time) to bridge the two chains. We need a crowdsale because we have to supply ETH to the DEX LP and we need $ for other things like marketing, partners, etc. The distribution is located on wPGO website.

754,161 wPGO sold already! Presale will last a total of 3 weeks so you still have time to buy at presale prices! Also, PGO up 200% today!

I stand corrected, wrapped, not warped. Nonetheless, the essence of my question remains the same. Allow me to rephrase to better suit your ideal:

The wPGO were a representation of PGO on ERC, that enables PGO holder to use them as a gateway to integrate their PGO into etherchain, by swapping PGO-wPGO. Correct?

If it still doesn't fit your ideal, simply put, wPGO works under the same principle as wETH, correct? We swap ETH to wETH, vice versa.

I'll go and settle this issue first before we move to other aspect of your tokenomy.

Sorry, I am not familiar with wETH (project?). Wouldn't wETH be the same as ETH? They are on the same chain so why would you need a wrapped ETH?

Personally, I think it should be the best interest of a business --or on this case, a project-- to familiarize themselves with the market or the nature they tried to penetrate, namely the "wrapped tokens", or at the very least a quick DD for the latest info or input given by people they stumbled upon.

To give a short answer, surprisingly, ETH were not ERC compliant. They're the pioneer of etherchain, and they're existed before the ERC smart contract established. Thus, ETH needs wETH to be able to integrate themselves into ERC contract. In a manner of speaking ETH were in the same situation with BTC to enter ERC, thus they needed wETH and wBTC.

They have a nice explanation here and there about the nature of those wrapped-token. I am sure they spent a lot of time writing about it, and pretty much sure they wish it were read.

Now, if you have free time in your schedule, perhaps you could give these links a read and tell me if wPGO is around those concepts and what parts are different.

https://help.coinbase.com/en/coinbase/trading-and-funding/cryptocurrency-trading-pairs/wbtc
https://weth.io/

Yes, similar concepts. Wrapped BTC allows BTC holders to participate in DEX and Defi as wrapped PGO allows PGO holders to participate in DEX and Defi. The big difference is that if wPGO holders want privacy, staking, and masternodes, they are able to swap back to PGO. As you may or may not know, Bitcoin is not private. We believe privacy is everyone's right and in the future, more and more people will want it.

So, my question applies and valid: why do you need (another) token sale and not just simply establishing a gateway to switch between PGO and wPGO like how it is with wBTC and wETH? Or  of we reverse the role, why does token holders need to buy a wPGO and not just send their existing PGO to your swap gateway yo get wPGO?

The token sale, as I said, will be used mostly to supply the LP and other things like mentioned in the distribution. Swapping will not occur right away so as to create demand for wPGO, to let it trade on DEX, and for price to settle. When these things occur then we will open up the swapping tool. The presale and public sale prices are very cheap for a 2,000,000 total supply as compared to PGO 20+ million in circulation. We can expect the price of wPGO to be higher and the buyers of wPGO in the crowdsale to benefit from this and be rightfully rewarded.

864,182 wPGO sold in two days! If interested in learning more or participating in the crowdsale please read our Medium Blog and watch our review and instructional video! https://cryptorigvin.medium.com/wpgo-crowdsale-is-live-9bb17e51fd3c https://youtu.be/StvXFwMXnL0

The word "mostly" usually refers to a better part of fractions. I see that according to your planned distribution, the token allocated for LP will be 25% (hardly a "mostly) of token sold?

Also, it confuses me in two ways: first, you said that one of the purpose of wPGO were to let holders earn from LP, but wouldn't this "token sale will be used mostly to supply the LP" indicate that the pool will be provided by you? At the same time, what confuses me secondly, in case where you refer that the 25% were supplied by token buyers, were you meaning to say that when they buy, 25% of their token will be forcibly held by the project to be sent to LP?

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Quoting this for future reference that'll be asked after the issue above cleared

PengolinCoin is celebrating it’s entry into #defi with a 10,000 PGO #giveaway! Enter for #free!  https://twitter.com/PengolinC/status/1349356587333410816?s=20

Your projects project's policy is the capability to adjust token allocation to fit certain circumstances? Oh, wow. So, if the buyer's token will not be forcibly held to provide LP, where does exactly the 25% reserves of LP comes from?

Did you miss the first DeFi craze? The decentralized finance ecosystem is heating up quickly as investors flood back to get a piece of the action. TVL and DEX volume are ramping up as traders yearn for alt season once again. https://twitter.com/PengolinC/status/1349668327904444418?s=20

Well, one thing that perhaps you need to learn in crypto, when people conducting DD, is everything should be approached and considered suspicious and guilty until proven otherwise. So pardon the annoyance, but this is me trying to prove otherwise. Certainly as you're legit, all the questions were easy for you.

And why next question? The previous one were not answered yet: where does exactly the 25% of LP allocation --planned to be-- come from?

I agree, everyone should do DD but I disagree that you should assume everyone is a scammer and should be assumed guilty. That is no way to go through life and not a good way to treat people. Pretty soon one will treat everyone they encounter like that, not good.  There are many honest people in the crypto space, more than dishonest JMHO.  We will have to agree to disagree on that. As documented, the remainder of the wPGO not sold will come back to the project to be used in the LP as well as the ETH we get from the crowdsale. The PGO project also has funds it can use to supplement the LP. Also, the project isn't the only one that has to supply the LP, investors can as well.  In order to motivate people, we plan on having incentives/extra rewards for investors that do.

Let's make this short and simple, what is the exact number you planned to be the initial LP provided by the dev team? Not in percentage, in actual numbers of token.

It's not that simple. We won't know those figures until the crowdsale is over and we are ready to list.

Very well, fair enough. Let's suppose everything goes to plan and you successfully reached your hardcap during crowdsale, what'll be the allocated LP provided by team?

So swapping wPGO for PGO and PGO for wPGO will be available after wPGO is listed. Can you tell how soon it will be as I didn't find road map

I would really appreciate if you can be more generous in giving information, especially one as crucial as this one. How do you expect people to believe in your credibility if you intentionally witheld information like this?

I believe I asked about the number in token, in wPGO if I have to be extremely clear.

If I have to make do with your information, given the presale price is 0.000002 ETH, and I would assume price will be around that after presale (how could I know the exact public sale price? Team didn't disclose that, it's just listed as "TBA"), and you state that LP provided by team will be 4 ETH --let's disregard the "up to" and "more" because it adds more ambiguity than clarity--, it means the entire total supply will be allocated for LP. This, clearly,  extremely contradicting your own token allocation. Even saying "business needs to be flexible to thrive and nothing sets in stone", such difference in application and planning would lead people to assume you're either inconsistent or thoughtless.

There you go again making accusations. Please, do not do that, it is uncalled for, be polite, insults won't get you what you want. You seem very confused, yet again. Just because you think there is more information to give doesn't make it true, that is your opinion, that is all. I am telling you as much information as I can with what is happening now. You want exact numbers that can't be given right now because, as I said, the crowdsale is not over. The public sale price is TBD because we don't know the demand for wPGO at the presale price. If it is in high demand then why promise a price of .0000025 for example, when we could get more for it. It is simple supply and demand and common sense. We will not promise a price then change it later so it will be TBD. One could say your questions are thoughtless since I have repeated my answers to you for the same questions during this interrogation and you have resorted to accusations and name calling. We have a plan and it's to see what we need for the LP and execute the plan at that time. Just because you don't like the answer (your opinion) doesn't make it wrong.    

Allow me to re-quote myself, as below. If you carefully read my "interrogation", you'll see I asked about your plan on the first place. Saying the exact number can not be said right now is somewhat in a realm of acceptable if the final number is tied to the amount of token sale. But I am rather sure that your team, like most projects, is rather optimistic with your goal, and there is a point in your meeting that discuss something like "suppose (or hopefully) we reached hard cap, we'll put xxx wPGO as LP". Forgive the rudeness, but I find it hard to believe that a team plan everything in their project with "let's decide the numbers when the token sale result comes out"

Over 860,000 wPGO sold! There is still plenty of time to buy at pre-sale prices! See links and video.   :)

Who loves free crypto? Come to the PengolinCoin Discord for daily airdrops, and daily crypto faucet!

Twitter Promo live! https://twitter.com/cryptomasters07/status/1352388488247857153?s=21

My apologies for missing this reply, I must have not noticed there is a reply and the thread were drowned by other new posts on my list. Glad that you bumped it and took my attention.

To continue and simplify the... curiosity, this is what you have in mind while you planned your tokenomics:

Total supply is 2,000,000, hard cap is at 1,500,000. This means you planned to have 500,000 wPGO for team and development allocation, which goes as follows:

25% Development & Operations
25% Dex liquidity
20% Marketing & Promotions
15% Partnerships and Exchanges
15% Team Development

I'll make it easy with the rounded rate of ETH highest from past days, namely at 1,400 USD/ETH, while factually the rate and amount in mind while budgeting this tokenomics were much lower, as it follows early Jan's ETH price. And I'll assume your token price raises 100% from the presale price, namely at 0.000004.

So, based on above points, you planned to have


Were you saying you planned exchanges, team development, projecr development, liquidity, and marketing with less than 3,000 USD at best? And please don't use the excuse "nothing is set in stone" as it is rather unprofessional, because if you're really serious with a project, you won't stray far --or at all-- from the goal you set yourself. This is what you have in mind when you initially budgeting the project, this is the basic mainframe of wPGO. 3,000 USD?

Great News! All 2,000,000 wPGO has sold out! The community has decided not to hold a public sale so we are moving on to listing wPGO. Thank you to all who invested! We will strive to make your investment grow!

500,000wPGO x 0.000004 ETH/wPGO x 1,400 USD/ETH
2 ETH x 1,400 USD/ETH
2,800 USD 

Congratulations, sold out and what are the next steps to make the development of this project even further? Will it fit the roadmap?

Thank you, as you can see we just listed on Uniswap. For now, we are going to market the project, get it listed on tracking sites, develop partnerships, and add a swapping tool to swap wPGO and PGO.

wPGO now listed on Etherscan! https://etherscan.io/token/0x952e116156d4b0ae398c1f85dd7683957be08526?a=0xE5824256d4D08a09164bC127ccD22E58A2135522

Wrapped PengolinCoin (wPGO) is now listed on Klever! Download app, go to Token Filter, and type in wPGO. https://klever.io/en/

25,000 wPGO Giveaway! Enter for free! https://gleam.io/competitions/KxDm1-pengolincoin-25000-wrapped-pengolincoin-wpgo-birthday-giveaway