Post
Topic
Board Tokens (Altcoins)
Re: [ANN] [DeFi] wPGO (Wrapped Pengolincoin)
by
holydarkness
on 13/01/2021, 13:20:29 UTC
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?


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




[...] 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