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.
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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.