Post
Topic
Board Tokens (Altcoins)
Re: [ANN] [DeFi] wPGO (Wrapped Pengolincoin)
by
holydarkness
on 15/01/2021, 16:34:10 UTC
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. Also, the project isn't the only one that has to supply the LP, investors can as well.  In order to motivate people, we plan on having incentives/extra rewards for investors that do.

Let's make this short and simple, what is the exact number you planned to be the initial LP provided by the dev team? Not in percentage, in actual numbers of token.

It's not that simple. We won't know those figures until the crowdsale is over and we are ready to list.

Very well, fair enough. Let's suppose everything goes to plan and you successfully reached your hardcap during crowdsale, what'll be the allocated LP provided by team?

Up to 4 ETH or more.

I would really appreciate if you can be more generous in giving information, especially one as crucial as this one. How do you expect people to believe in your credibility if you intentionally witheld information like this?

I believe I asked about the number in token, in wPGO if I have to be extremely clear.

If I have to make do with your information, given the presale price is 0.000002 ETH, and I would assume price will be around that after presale (how could I know the exact public sale price? Team didn't disclose that, it's just listed as "TBA"), and you state that LP provided by team will be 4 ETH --let's disregard the "up to" and "more" because it adds more ambiguity than clarity--, it means the entire total supply will be allocated for LP. This, clearly,  extremely contradicting your own token allocation. Even saying "business needs to be flexible to thrive and nothing sets in stone", such difference in application and planning would lead people to assume you're either inconsistent or thoughtless.