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Author Topic: [ANN] [DeFi] wPGO (Wrapped Pengolincoin)  (Read 271 times)
s2ii
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January 10, 2021, 05:58:18 PM
Last edit: January 13, 2021, 02:20:24 PM by s2ii
 #1

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.

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.

wPGO - Crowdfunding Announcement
We have decided to hold a Crowdfunding session for Wrapped PengolinCoin (wPGO). We are delighted to lay out the instructional questions and answers for our community to gear up and participate effectively.
Continue reading on for the instructions and ensure the steps shown are completely understood!

When and How :
The price of wPGO in the Pre-sale only, will be 0.000002 ETH, only Ethereum will be used to buy wPGO and It will last just 3 weeks!
The price of wPGO in the Public sale only, will be (TBD) only Ethereum will be used to buy wPGO and it will last just 3 weeks!
Above conditions may change beforehand.
No minimums

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

[10/01/21] : last news
We are announcing the beginning of our wPGO crowdfunding session! Please use only MetaMask to send ETH from and only MetaMask to add wPGO as a custom token.
The token address for wPGO is 0x952e116156d4b0ae398c1f85dd7683957be08526 and the contract address is https://etherscan.io/address/0xe5824256d4d08a09164bc127ccd22e58a2135522
There is now no minimum to purchase, we have extended the crowdfunding session to 3 weeks.

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

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

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

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

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

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

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

Videos: 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.
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January 10, 2021, 10:43:28 PM
 #2

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

AMEPAY
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AME TRADE HERE
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January 10, 2021, 10:51:16 PM
 #3


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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January 10, 2021, 11:17:14 PM
 #4

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
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

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January 10, 2021, 11:56:40 PM
 #5



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?

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.


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January 11, 2021, 07:12:24 AM
 #6



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?

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

AMEPAY
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AMEPAY IEO
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holydarkness
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January 11, 2021, 09:45:01 AM
 #7

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
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

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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January 11, 2021, 11:22:41 AM
 #8

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

Yes and yes. Please see the links.
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January 11, 2021, 11:25:35 AM
 #9



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?

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.

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.
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January 11, 2021, 11:41:33 AM
 #10


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?

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.
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January 11, 2021, 12:00:59 PM
 #11

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
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

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.

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.
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January 11, 2021, 05:54:55 PM
 #12

So as I see wPGO crowdsale is live, how long it will go and what conditions? Is there is the only way to get tokens?
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January 11, 2021, 06:54:50 PM
 #13


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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January 11, 2021, 08:45:34 PM
 #14

So as I see wPGO crowdsale is live, how long it will go and what conditions? Is there is the only way to get tokens?

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
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January 11, 2021, 08:51:04 PM
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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.

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.
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January 11, 2021, 08:58:08 PM
 #16

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!
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January 11, 2021, 09:55:42 PM
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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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January 12, 2021, 01:09:50 AM
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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.

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?
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January 12, 2021, 02:55:51 PM
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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/wbtc
https://weth.io/

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January 12, 2021, 06:17:04 PM
 #20

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.
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