What is wPGO?
Wrapped PengolinCoin (wPGO) is simply an ERC20 token that represents the real Pengolincoin coin ($PGO) on the Ethereum ecosystem. Having an ERC20 token representation allows Pengolincoin to integrate into the Ethereum ecosystem, which includes decentralized finance, wallets, dapps, and smart contracts. PengolinCoin (wPGO) will also provide a privacy gateway from wPGO to PGO. So, anyone who wants their activity on the Ethereum Blockchain to be private, will be able to do so, simply by swapping wPGO for PGO. Swapping wPGO for PGO and PGO for wPGO will be available after wPGO is listed and when the wPGO price stabilizes. This will create a demand for wPGO during the crowdsale and allow for a more successful swapping to occur when it is enabled.
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.
wPGO is listed on Klever.io (Mobile wallet)