8/13/2022, 1:05:49 AM

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FEG Token is on the rise this week.

The price of FEG Token has risen by 6.17% in the past 7 days. The price declined by 0.00% in the last 24 hours. In just the past hour, the price shrunk by 0.23%. The current price is $0.00 per FEG. FEG Token is 100.00% below the all time high of $0.03.

The current circulating supply is 0 FEG.


What Is FEG Token (FEG)?

FEG Token (Feed Every Gorilla) is a blockchain platform that operates on the Binance Smart Chain (BSC) and Ethereum and redesigns the way decentralized finance (DeFi) is structured. Broadly, the FEG token provides a decentralized transaction network that is working to create opportunities in the DeFi and crypto spaces. Further, people worldwide can leverage these spaces to earn passive income.  

Interestingly, the platform focuses on evolving and reshaping how decentralized finance (DeFi) works while delivering a robust ecosystem to support DeFi's much-needed advancements. Furthermore, the FEG token intends to overcome outrageous fees, transactional complexities, and problems surrounding fairness and privacy.

According to the FEG token whitepaper, up until 2009, the world of traditional finance had an unchallenged monopoly system maintained on the exchange of financial value for goods and services. By and large, traditional finance is strongly determined by centralized institutions that extract value through the remediation, distribution, and settlement of transactions. In addition, there are risks to capital, sustainable liquidity on decentralized exchanges (DEXs), and there are inter-chain operability and accessibility challenges. 

As a solution to the problems mentioned above, the FEG ecosystem aims to make DeFi safer, more rewarding, and more accessible, with a circular ecosystem that aligns incentives for traders, holders, and developers. The ecosystem supports long-term DeFi adoption by consistently producing and supporting innovation while increasing accessibility and opportunity to traders and developers.

Moreover, FEG Token (FEG) is the governance token of the FEG Exchange (FEGex), which is a cross-chain centralized exchange/decentralized exchange (CEX/DEX) of the platform. FEG is a hyper-deflationary token on the Ethereum blockchain and the Binance Smart Chain that involves an inaccessible burn wallet. A hyper-deflationary token rewards community members by increasing their holding's value and protecting them from supply changes. The tokens can be staked, swapped, added to liquidity pools, or fWrapped on FEGex. The FEG platform offers fWrap, i.e., the user can wrap their favorite cryptocurrencies and earn more of them passively. Also, they can unwrap back into the original cryptocurrencies whenever the users want. By holding an fWrap asset, the user receives more of that fWrap asset over time. A wrapped token is any token pegged to the value of another cryptocurrency.  

In addition to Ethereum and BSC, the platform further expands FEGex to more blockchains, namely MATICAVAX, and FTM. Towards the goal, the FEG token offers another service, i.e., FEGtrack. FEGtrack is a web and mobile application that enables users to track their FEG rewards and USD-value balance. The improvement in the FEGtrack application is directly proportional to the FEG Token's transformation in the DeFi space.

History of FEG Token (FEG)

The FEG token was launched in 2021, and the lead developer of the platform is FEGrox.

The Pan African Sanctuary Alliance (PASA) is the charitable partner of the FEG Token platform. The alliance of the platform and PASA has a strong passion and works towards protecting wildlife. Additionally, the platform has created a perpetual charity cryptocurrency wallet. This wallet is a charity pool that earns rewards perpetually for donation purposes, run by frictionless yield.

How Are New FEG Tokens (FEG) Staked?

On the platform, staked FEG tokens are securely held in the FEG Token staking contract. When the user stakes FEG tokens, there is no transaction validation occurring, and it is a rewards system that puts positive price pressure on FEG Token.

According to the tokenomics of the protocol, FEG Token strives to receive rewards from every sell transaction for every token that ever lists on FEGex and SmartDeFi. SmartDeFi is a new-generation template of DeFi projects, with the aim of making it impossible to rug and unnecessary to use exchanges for hosting liquidity. Besides this, SmartDeFi allows each token to be its DEX with multiple integrated reward systems built on Ethereum and Binance Smart Chains.

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