The DeFi world is fast evolving from what it was two years ago. Several projects have emerged with a mission to change the narrative. Some of these projects have gone on to contribute their quota and cause a change in DeFi. But others have fallen flat on their back.
So, knowing what to invest in is a huge skill, especially during a bear market such as this. While we do not offer financial advice or urge you to buy a token, we explore different projects based on popular internet research. We present the facts about the project and show you how to get the token if you decide to. The final say is always up to you. So for this article, we’ll examine the Feg token.
How to Buy the Feg Token
The coin’s platform restructures the way decentralized finance (DeFi) is organized. It runs on the Binance Smart Chain (BSC) and Ethereum. In general, the FEG token offers a decentralized transaction network that attempts to create opportunities in the DeFi world. Users can leverage these opportunities to earn passive income.
There are two primary methods for getting FEG: either use Uniswap on Ethereum or PancakeSwap on Binance Smart Chain. These decentralized exchanges operate quite similarly. However, there are differences in how you access the services.
🦍 @FEGtoken surged in price following a rebrand and new roadmap. At one point, $FEG holders would have doubled their money — and doubled it again!
Check out what @GingerMammoth1 had to say:#crypto #CryptoNews #Cryptocurrencies #DeFihttps://t.co/d5AC2p5h3P
— BSC News (@BSCNews) October 20, 2022
It’s up to you to decide the platform you’ll prefer to use. However, be prepared to pay large transaction fees if you’re using Ethereum’s Uniswap. Ethereum fees are higher than that of the Binance Smart Chain. You’ll need Ether tokens to buy FEG on Uniswap. You can get the Ethereum native token on Coinbase or Gemini.
Binance Smart Chain is the best option if you want to minimize your transaction costs. However, to make your FEG purchase, you’ll need BNB tokens and a software wallet that can connect to PancakeSwap.
📣#FEG is now supported on #Btok with DID Digital Identity! ! @FEGtoken @RTRcrypto @GingerMammoth1 @GorillaFeeder
🥳Now users can activate FEG DID🦍and like FEG to help FEG trend on Btok!! 🔥🔥
🔴Download Btok: https://t.co/MynwfeigHy
👉Btok DID guide: https://t.co/2hWulnzr8e pic.twitter.com/8VyKiwQR0h— Btok1024.ETH (@Btok_official) October 18, 2022
MetaMask is the ideal wallet to use with Ethereum or BSC. By default, MetaMask will use the Ethereum network, but you can change the network settings to enable BSC compatibility for the cryptocurrency wallet.
Making Your Purchase
You’ll need to purchase your FEG on Ethereum if you want to keep them in a hardware wallet. You can store FEG tokens in any wallet that supports Ethereum since they are ERC-20 tokens on the Ethereum platform. Ledger remains the best hardware wallet.
MetaMask will make it easy for you to use PancakeSwap or Uniswap since it has a Chrome extension. The MetaMask wallet is compatible with both the Ethereum network and BSC, but it is set at Ethereum by default. So, you’ll need to configure your MetaMask on BSC.
You have to approve the transaction from your wallet before it goes through. For MetaMask users, the Chrome extension will display and ask you to confirm the transaction. Your FEG tokens should reach your wallet shortly after being confirmed.
Where to Buy the FEG Token
As mentioned earlier, you can buy the FEG token on either Pancakeswap or on Uniswap. Both platforms work similarly. So, getting the token on either platform isn’t a hard feat.
What Is the FEG Token Used For?
The maximum supply of FEG tokens, a deflationary token, is 100 quadrillion tokens. The holders are charged a 1% tax on each transaction, and an additional 1% is burned. This makes sure that the holders amass more tokens as transaction volume increases.
Additionally, it encourages token holders and lowers token circulation. The token’s scarcity increases as the supply decreases. Additionally, there is no burning cap. So, investors profit from an endless cycle of passive earnings and upward price pressure.
Later this year, you will be able to convert your #FEG to the new upgraded #token via a migration tool.$FEG based on SmartDeFi will ensure a minimum value of the token that will constantly increase and cannot decrease. @FEGtoken @elonmusk @FegnewsT @backerfigth pic.twitter.com/bxyAXPJ9cI
— Muhammed Söylemiş (@MuhammedSylemi1) October 20, 2022
The FEG token is a governance and utility token. This means users can stake the token in the FEGex to provide numerous sources of passive income. Additionally, the token is utilized in SmartDeFi transactions, hastening the supply decline.
FEG Token Live Price
As of this writing, the FEG token trades at $7.18e-10 ($0.000000000718597). It has a 24-hour trading volume of $727,092. FEG is down 11.85% in the last 24 hours.
Read Part 2 of our series on the FEG token where we answer some frequently asked questions about the crypto.
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