Failure to answer on this allegation would compel me to create a scam accusation against this project. Thanks.
Kinda sure it's a hit-or-miss attempt and they won't come back here to explain, or at the very least will throw the basic excuse. Another thing that might be interesting to be highlighted is their copyright date, their site state its copyrighted on 2018, indicating the site has been around since around two years ago, but their website age were just matter of days old   |
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project is a live
With still no improvement or anything worth mentioning since your last activity on this thread. Team details in web is still a mere name that can't be verified, no pictures, whitepaper still... well... what did "team" do exactly these past few days? |
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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" 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.
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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? Up to 4 ETH or more. 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. |
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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? |
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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. |
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Xcoin with cross Stellar Blockchain has been created and you can check out XCoin Blockexplorer here
[...]
When can we expect the whitepaper? I mean the proper and well thought one, the one that shows you really put effort to presenting your project and you're really serious with it, not those... elementary school writing project you currently have. |
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The token sale, as I said, will be used mostly to supply the LP and other things like mentioned in the distribution.
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? Sorry your confused, again. 25% yes, if we need more then more will be used if necessary. We won't be sure until the crowdsale is over of course. These are estimates, nothing is written in stone, a successful business must be flexible and adapt for the success of the project. The LP in any project listed on Uniswap is not solely supplied by project itself. The project sometimes supplies some liquidity which is always good. No, their tokens won't be forcibly held. 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? You're confused again. How can we hold a users tokens when they are in their wallets? That does not make sense and impossible. And yes, the health and success of the project takes precedent over making allocations set in stone. This is true for any business or company. A budget is a guide and it is common for it to be adjusted if necessary. Investors are aware of this before purchasing, it is part of the DD all investors should do. This is what my experience in running several businesses, experience and education has taught me. It is also common sense. It seems like you are looking for evidence that we will somehow take investors coins or defraud them, that is baseless and categorically false. Anyone can come to our Discord of 1,770 members and ask them about the team and they will tell you we are honest and transparent with our community. Next question,,,, 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? |
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The token sale, as I said, will be used mostly to supply the LP and other things like mentioned in the distribution.
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? Sorry your confused, again. 25% yes, if we need more then more will be used if necessary. We won't be sure until the crowdsale is over of course. These are estimates, nothing is written in stone, a successful business must be flexible and adapt for the success of the project. The LP in any project listed on Uniswap is not solely supplied by project itself. The project sometimes supplies some liquidity which is always good. No, their tokens won't be forcibly held. 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? |
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The token sale, as I said, will be used mostly to supply the LP and other things like mentioned in the distribution.
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?
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
[...] 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.
Quoting this for future reference that'll be asked after the issue above cleared |
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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/wbtchttps://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? |
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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/wbtchttps://weth.io/ |
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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.
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. 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. |
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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.
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. |
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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. |
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I read in the telegram community that they will launch a previous brand product so that the jacs token is listed on uniswap, but for now they don't make a definite time so they don't feel satisfied by the public as some exchanges accept jacs tokens in trading but the volume is very bad and that makes the public less satisfied
Do you mean the vpn? Because if it is, the product were launched successfully and is currently on free trial mode. You can try them for free without limitation during this trial phase. I have been waiting for a long time when the JACS token will actually be listed on Uniswap, and I am very curious because so far there is no certainty about the time given by the team, the price of ICOS JACS is quite high, I am sure that when listed on the Exchange, the JACS price will not touch the ICO price because for sure the mass disposal that will be carried out by the bounty participants must have happened with a long wait Well, in my very personal opinion, you're wrong. I happened to be bounty hunting for JACS myself, and I am sure I won't sell them below ICO, especially since I've been waiting for long and I know the potent of this project. |
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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
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? |
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I read in the telegram community that they will launch a previous brand product so that the jacs token is listed on uniswap, but for now they don't make a definite time so they don't feel satisfied by the public as some exchanges accept jacs tokens in trading but the volume is very bad and that makes the public less satisfied
Do you mean the vpn? Because if it is, the product were launched successfully and is currently on free trial mode. You can try them for free without limitation during this trial phase. |
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Hello, I noticed that the project was launched since 2018, and that the original thread were... dead. Can you perhaps give community a quick update of what you achieved for the past two years? |
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As you read in the publication, thanks to the internet, it provides us with many services.
Like directly copying content of someone's material without crediting them? And with this you admitted that you deliberately plagiarizing materials from magazinemi? Will the whitepaper that's yet to be published filled with these copy-and-paste paragraphs too? Hi, thanks for your response. What you read is a general post. There are many publications about the benefit of the internet. What I publish is a common post accompanied by our project to decentralize the information and have a commission cost of 0 in any cryptocurrency transaction Given you took an effort to change one or two words --not paraphrasing, just switching words-- on the original article to suit your next paragraphs better, I'd dare to say you have full intention to plagiarize the article and claimed them as yours instead of a "common post" if you didn't caught in action. Nonetheless, I'd like to see how the whitepaper looks like. When can we expect this document to be officially punished? |
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