FEG Token
FEGBEP20FEG 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.
Key features
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
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.
FEGstake
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.
Tokenomics
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:
- Open Swapzone on your web browser.
- In the “select pair” tab choose the amount of crypto that you are willing to swap in the “send” section.
- In the “get up to” section, input the amount of FEG crypto you wish to receive.
- 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.
- 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.
- Once you find an offer you like, simply click on it and click on “exchange”.
- 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”.
- 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.
- 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.
Frequently asked questions
What is the FEG Token exchange rate?
An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.
There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.
Where to find the lowest transaction fees?
Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.
If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.
What is average transaction time?
Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.
The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.
The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.
How to choose a cryptocurrency wallet to store FEG Token?
To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.
There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.
If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.
What is the best cryptocurrency exchange for beginners?
There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.
To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.
What is Swapzone?
Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.
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