Let’s Feed Every Gorilla: FEG Token.
FEG token aims at combining the incentives and interests of everyone in the DeFi community. FEG ecosystem wants to support long-term DeFi adoption by the unswerving effort to produce and support innovation, as well as the increase of accessibility and new opportunities to investors and blockchain developers.
Traditional finance has always had the upper hand in the domination of the exchange of financial value for goods and services. The Centralized institutions are the ones in control of traditional finance to extract value via distribution, remediation, and settlement of transactions.
Using FEG ecosystem guarantees users a more accessible, safer, and rewarding Defi space. It uses a circular ecosystem, which supports incentives for investors, developers, and token holders. The FEG crypto focuses on providing new opportunities for users in the crypto and DeFi environment, which can be utilized by millions of people all around the world. Earning passive income is also guaranteed.
What is FEG Token?
The FEG token crypto has an estimated max supply of 100 quadrillion, and it’s also a deflationary token. Every transaction is charged with 1% tax, which is distributed to FEG token holders. The other 1% is burned to increase the value of the FEG coin.
As the supply decreases, the scarcity of the token increases, establishing a supply and demand model. Also, the number of tokens that can be burned is boundless. FEG’s main concept involves providing a decentralized network that can operate seamlessly on the ETH blockchain.
With the apparent leverage in FEG’s model, FEG crypto looks set for success despite frequent market volatility. The FEG coin is also aiming to restructure the framework of decentralized finance. FEG plans to reshape and modify the operations of DeFi in a new way. Lastly, FEG token plans to offer the most sustainable ecosystem ever created.
As of November 11, 2021, the FEG token price is $0.000000008275 with a daily trading volume of $4,435,367 and a market cap of $344,045,107.
The FEGtrack app
With the FEGtrack app, holders and investors of FEG tokens can monitor FEG token prices in real-time. Progress and personal rewards received from taxing transactions can also be monitored and tracked.
Features of the FEGtrack includes:
- Live charted market data
- Links and information
- Real-time FEG balance to USD value
- Multiple wallet addresses
- Live burnt/circulating token counter
The DEV team is working tirelessly to innovate and make upgrades to the app for future availability.
FEGex was designed to ease the swapping of tokens for holders and investors with the SmartSwap technology. SmartSwap technology provides users with standard swap or smart swap functions. It provides up to 50% cheaper gas fees while saving your money on transaction fees on frictionless tokens during internal swapping inside the swap contract.
FEGex is also equipped with an auto-slip technology that provides users with an error-free experience when swapping tokens.
Staking FEG token crypto ensures a reward of 0.12% on every sell transaction occurring on the exchange. The staked tokens are stored in the FEG token staking contract, and rewards can be in the form of fBNB or fETH. Depends on the chain utilized to stake.
Stakers are rewarded automatically, according to the percentage of the staking pool owned by each staker. The increase in trading pairs and trading volume on FEGex means a significant increase in FEG coin staking rewards.
As said earlier, the FEG coin is a hyper-deflationary decentralized finance ERC-20 token that also operates on the Binance Smart Chain as a BEP-20 token. Both blockchains were launched with an initial 100 quadrillion tokens; about 50 quadrillion tokens were burned instantly to start operations of the FEG token’s deflationary model.
2.00% of every transaction on each chain is taxed to be shared to all FEG token addresses on that particular chain. While more than half of the tax is burned by sending tokens to an inaccessible burn address.
Incentivizing holders with rewards also tends to decrease the circulating supply over time, with the rewards earned instantly transferred to holders’ addresses.
Also, the ownership of FEG was renounced during its launch by the team behind. This means all communications, developments, and marketing campaigns are proposed and executed by members of the community, making the FEG token fully decentralized.
Solidity Finance carried out the auditing and verification of the FEG token. The Auditing proved that the FEG token had no backdoors or DDoS attack paths.
FEG Future Plans
These are what the FEG token crypto has in store for the future of the protocol. There will be a FEGtrach version 2 followed by the FEGex CEXDEX (Bridge). Moreover, we’ll see a redesign of the FEGex user interface as well as the continuous improvement of the FEG exchange and token ecosystem.
How to buy FEG Token or exchange ETH to FEG on Swapzone?
Are you excited to Feed Every Gorilla? We bet you are! Here you can once and for all Feed Every Gorilla by getting some FEG. Just follow the guide:
Step 1. Open Swapzone on your web browser.
Step 2. In the “select pair” tab choose the amount of crypto that you are willing to swap in the “send” section.
Step 3. In the “get up to” section, input the amount of FEG crypto you wish to receive.
Step 4. Immediately after you enter the details, Swapzone will provide you with a number of offers. You have the option to choose based on the best rate, fastest exchange, and the one with the best service rating.
Step 5. If you are unsure about a certain exchange, simply click on it and you will get more information on the exchange partner such as pros and cons along with user reviews.
Step 6. Once you find an offer you like, simply click on it and click on “exchange”.
Step 7. When you do so, you will be prompted to enter the wallet address to receive FEG, and an email address (optional). Once you’ve entered these details, hit on “proceed to exchange”.
Step 8. After your deposit is received, the exchange partner will then convert your deposit to FEG. Just wait for the process to finalize. It may take some time.
Step 9. Once the process finalizes, you will receive your FEG tokens at your wallet address. Take a moment to rate the exchange partner and leave behind an honest review.