[ANN] [DeFi] wPGO (Wrapped Pengolincoin)

[VSTheFoodSnob]

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.

[VSTheFoodSnob]

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

[holydarkness]

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

[VSTheFoodSnob]

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.

[VSTheFoodSnob]

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

[holydarkness]

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?

[VSTheFoodSnob]

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

[VSTheFoodSnob]

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,,,,

[holydarkness]

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?

[VSTheFoodSnob]

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?

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.

[holydarkness]

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.

[VSTheFoodSnob]

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.

[holydarkness]

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?

[VSTheFoodSnob]

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?
[/quote

Up to 4 ETH or more.

[pankoim]

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

[holydarkness]

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.

[VSTheFoodSnob]

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.

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.    

[holydarkness]

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.

[VSTheFoodSnob]

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"


I told you the plan and why we can't give you exact numbers right now. Again, just because you don't like it doesn't make it wrong. I disagree with your opinion. That's the plan, if you don't like it then don't invest. And that's OK, that's why you do your DD. Good luck.

[VSTheFoodSnob]

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