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.