FEG was launched to Feed Every Gorilla while the FEG token is a deflationary token with a max circulating supply of 100 quadrillion.
They also currently have apps for FEG already developed that are in the testing phase and will soon be rolled out to IOS and Android users. Among them is the FEGex, which is in the testing phase and is expected to be out and available by the end of February 2021.
FEGex is not a UNIswap clone. It is a custom-built code specifically designed to fix all of the issues UNIswap has with its custom metric defi tokens. If you are sick of all the error messages you get with UNIswap, you will love FEGex. It will offer free swap fees when swapping ETH/FEG pairs.
This means you will save the 0.3% costs on UniSwap(that’s a 48$ saving per eth), which will be passed to you and will offset your gas costs. FEGex will offer internal locked liquidity features as well as protection from front-running bots.
FEG token is a DeFi project with an ever-growing and innovative ecosystem that continuously pushes the boundaries of what’s possible. With nearly 1 million holders anyone entering the crypto space feels secure, rewarded, and finds the technology easy to use.
FEG token is the governance token of the FEG ecosystem that launched on January 31, 2021, on Ethereum, and on February 12, 2021, on Binance Smart Chain. It is both deflationary and RFI with a starting supply of 100 Quadrillion.
50% of the supply on both chains was burned at the launch of FEG and they currently have 10 burn mechanisms to help accelerate the burn. Some of these burn mechanisms include:
0.5% of all SmartDeFi sells
0.1% of FEGex buys
0.1% of FEGex sells
0.5% FEG p2p transfers
0.5% of Presales on FEG Deployer
0.5% of Presales on SmartDeFi Deployer
SmartSponsorships on FEGcharts & FEGex
FEG X Smart DeFi
Smart DeFi is a template for a new generation of DeFi projects, which makes it impossible and unnecessary to use exchanges, such as Uniswap or PancakeSwap, for hosting liquidity. It allows all swap sites to fully integrate the trading of a token while using the token’s liquidity pool.
Anyone can deploy their SmartDeFi token with FEGdeployer. Since all SmartDeFi tokens are based on fWrap technology, their market price even rises when there is zero (0) volume. SmartDeFi also helps to eliminate pump-and-dump schemes. With the baseline value being transparent, buyers know what the risk ratios are even before trading.
Every SmartDeFi token is fully backed by its base asset, guaranteeing the tokens’ baseline value is secured from suffering loss. Base assets are what assets the tokens are traded against. A set percentage of every buy/sell is given to the asset-backing pool which is secured inside the SmartDeFi tokens’ smart contract. This results in a perpetual increase of the SmartDeFi tokens’ baseline value, resulting in the formation of a baseline value that can never decrease.
Who are the founders of FEGtoken (FEG)?
Nobody solely owned FEG token as it is an initiative set to help gorillas. FEG token is owned by all the members of the community.
What is FEGtoken (FEG) used for?
On each transaction with the FEG token, a tax of 1% will be distributed to the holders and a further 1% will be burnt, hence incentivizing holders to hold and decreasing the supply over time.
FEG is a decentralized trading ecosystem all about gaining passive income for FEGtoken holders in the form of tokens, when staked, as well as tax fees generated from trading on the FTW and the Aggregator platforms.
How is FEG token (FEG) unique?
In FEG, all decisions are made in the community’s favor as they value every member of the platform. The platform is also planning to advance further into the crypto space by releasing innovative products which will ensure the sustainability of the token.
The ownership of the FEG platform has been renounced, showing it has no backdoors or DoS possible from the owner’s perspective. The platform has many talented devs, designers, and freelancers who work on the project every day.
How many FEGtoken (FEG) coins are in circulation?
The total supply of the token is 100 quadrillion. No mint or burn functions exist, though the circulating supply can be decreased by sending tokens.
57% of the total supply has been sent to 0xdead on Ethereum, and 54% on BSC.
1% of the supply on Ethereum and 0.75% of the supply on BSC are in liquidity pools. Some additional liquidity is locked in custom liquidity pools deployed by the team until the end of June 2021.
Nearly all of the liquidity on both chains has been locked by the team.
3 wallets hold slightly more than the LP pool on Ethereum, and 6 wallets on BSC. These wallets are not controlled by the team.
How is FEGtoken Network (FEG) secured?
The FEG token platform has been audited by a top decentralized auditing company in the world and the results show they satisfy all aspects concerning network and data security. Their last audit result which took place on April 3rd, 2021, showed that the platform passed all vulnerability categories.
In addition, FEG Token is both an ERC-20 token on Ethereum and a BEP-20 token on Binance Smart Chain. Thus, the token enjoys security protection from both ecosystems.
How do I buy FEGtoken (FEG)?
The FEG token can be used for a wide range of uses, like staking and farming.
FEG tokens can be easily purchased by the following steps.
* Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy FEG through your trading account.
Which Cryptocurrency Wallet Supports FEGtoken (FEG)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as FEGtoken (FEG). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their FEG wallet because it offers a simple interactive interface, making it easy for people to navigate its system.