Post
Topic
Board Tokens (Altcoins)
Re: [ANN] [DeFi] wPGO (Wrapped Pengolincoin)
by
VSTheFoodSnob
on 14/01/2021, 12:13:03 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?

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.