FEG is an acronym for Feed Every Gorilla. But don’t be tricked by the funny pseudonym. It’s a game-changing token that’s transforming the DeFi (Decentralized Finance) structure.
FEG is a deflationary token with a maximum supply in the circulation of 100 quintillions. On every transaction, a 1% tax is assigned to the holders, and an additional 1% is burned. And that motivates the holders and reduces the circulation of tokens. As the supply drops, the token’s scarcity improves. In fact, FEG is completely decentralized. Therefore, all decisions are made in the interest of the community. Above all, FEG intends to expand its presence in the crypto space by launching impressive products that will assure the token’s long-term sustainability.
🚨 #FEGwhitepaper (3rd Edition) has been published
Amazing Team Effort as always…
— Omo_5000™ (@Omo5000) February 26, 2022
The FEG ecosystem works in combination with its hyper-deflationary DeFi token to create a highly stable system. In fact, it’s a product ecosystem defined primarily by the market movements of its FEG Token and a number of passive income options.
First, The main product is FEGex. It is a cross-chain exchange platform that was first released on April 1, 2021. FEGex supports:
- staking (FEGstake)
- adding tokens to liquidity pools
Also, FEGex is a multi-chain exchange that runs on the Ethereum blockchain as well as the Binance Smart Chain. Furthermore, FEGex solves the major issues that other large DeFi exchanges face. Also, it is a bridge that allows swaps between two blockchains.
FEG Passive Income Systems
FEG offers different ways to earn passive income:
- Transaction rewards
First, Each holder receives a 1 percent transaction tax based on the amount or percentage of FEG Token owned. Secondly, all holders get a share of a transaction tax. The FEG token’s idea is a revolutionary DeFi mechanism that allows anyone in its network to earn passively when other users transact.
Another passive income possibility in the FEG ecosystem is fWrap. In fact, you can receive more of a fWrap asset over time if you hold it. The idea of cryptocurrency wrapping is tracking the value of a represented asset and redeeming it at the same value.
By staking the FEG Token, you can also earn passive income. The FEG Token staking contract secures staked FEG tokens. Staking gives you a stake of 0.12% of the dollar equivalent of all sell transactions on the exchange. Depending on which chain you staked with, the stake rewards are in fETH or fBNB.
- Liquidity Providers and Pools
Providing liquidity allows you to buy more FEG tokens with the FEG tokens you put into liquidity. Depending on what chain you provide liquidity on, you will get reward in fETH, fBNB, or fUSDT.
SmartDeFi is a unique cryptocurrency launchpad. It is a crucial component of the decentralized finance (DeFi) cryptocurrency exchange FEGex. It has transformed the way investors and developers interact.
SmartDeFi Is Live On https://t.co/IsSUj91mUC!
The truest form of #defi is finally here where every token is asset-backed, liquidity is always locked, trading is built inside each contract, and lending is interest free.
— FEG (Feed Every Gorilla) (@FEGtoken) February 15, 2022
- ease of usage
The SmartDeFi protocol will:
- accelerate more crypto usage
- provide excellent investor protection
- reduce entry barriers
Furthermore, SmartDeFi eliminates many of the security problems, fees, and inconveniences that come with creating a new crypto project the traditional way. Prior to the launch of SmartDeFi, creating a cryptocurrency may cost tens of thousands of dollars for the actual token launch alone, depending on several factors.
For investors, SmartDeFi is by far the most secure way to invest in cryptocurrency. The liquidity for new tokens is locked in forever within the token’s smart contract. It ensures that funding can never be “rugged.” SmartDeFi also provides a “baseline value,” a first-of-its-kind technology that serves as a virtual gold standard. With each transaction, a small fee is collected and allocated to an asset backing pool.
From the perspective of a developer, the SmartDeFi protocol is very exciting. Developers that use the protocol to launch a token do not need to code. The FEGdeployer application requires only basic information from developers for transaction fees, asset backing percentages. Therefore, the developer can successfully launch a token in minutes. Also, developers can import an existing liquidity pool or use FEG’s presale functionality. The steps required to create a presale are also simple. Developers have entire control over the number of tokens, maximum buy limits, owner’s portion, and so on.
About FEG Token (FEG)
In addition to being a hyper-deflationary token, as previously stated, the FEG Token is running on the Ethereum blockchain and the Binance Smart Chain. Market fluctuations affect the supply and value of the FEG token.
On the Ethereum blockchain and the Binance Smart Chain, there is currently a supply of 100 quadrillion FEG Tokens. The burn wallet for the token is inaccessible. Also, the burn wallet sends or hoards a part of the token in order to increase scarcity and stabilize supply.
In conclusion, the token is currently in 320th place on Coingecko, with a market cap of $160M. You can buy FEG on these exchanges:
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