Post
Topic
Board Tokens (Altcoins)
Re: [ANN] [DeFi] wPGO (Wrapped Pengolincoin)
by
holydarkness
on 10/01/2021, 22:51:16 UTC

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?