Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications.
How Is the FEG Token Network Secured?įEG Token is both an ERC-20 token on Ethereum and a BEP-20 token on Binance Smart Chain.ĮRC-20 is a token standard most new tokens follow when publishing on the Ethereum blockchain. FEG has no team tokens and was listed with no presale and 100% public liquidity. 1% goes to a burn wallet, and 1% goes to holders. 50% on each chain was immediately burned and 2% of every transaction is taxed and distributed between all token addresses on that chain. How Many FEG Token (FEG) Coins Are There in Circulation?įEG has a supply of 100 quadrillion on each Ethereum and Binance Smart Chain. Get the latest crypto news and latest trading insights with the CoinMarketCap blog. Read our in-depth article about mining Ethereum. Related Pages:Ĭheck out Shiba Inu (SHIB) - a dog-themed meme coin.Ĭheck out Bone (BONE) - the exchange token of Shiba Inu. FEG also provides a lending protocol called SmartLend, allowing users to borrow against their crypto collateral. Users can then trade between the underlying asset and the wrapped tokens like fBNB or fETH. SmartDeFi offers users a possibility to build a UI for tokens they want to generate, with an underlying asset providing the backing for it.
Any wrapped tokens are subject to a 1% fee, but gas fees within SmartSwap have been reduced to up to 40%. The SmartSwap feature offers traders the possibility to trade without the 2% tax, as long as its within the internal balance of SmartSwap. Traders can also wrap other cryptocurrencies for a 1% tax and receive automatic rewards if someone provides liquidity for that pair. Liquidity providers receive 0.2% of all sells on the pair they provide liquidity for. Holders can also provide FEG as liquidity and receive rewards in fBNB or fETH. Stakers are not subject to impermanent loss and only pay the regular 2% transaction tax for staking and unstaking. All sells on FEG Exchange are subject to a 0.08% fee that funds a cashback program.įEGstake is the ecosystem’s staking program that rewards stakers with 0.12% of the dollar value of all sell transactions on the exchange in the form of wrapped tokens like fBNB and fETH. It also features SmartSwap contracts, an internal liquidity system where trades are not subject to the 2% tax. The FEG token can be traded on both chains. Its FEG Exchange is an all-in-one exchange on Ethereum and Binance Smart Chain, with a bridge that makes cross-chain swaps possible. FEGRox has a quite active Twitter account with over 40,000 followers and describes himself on his website as “a mysterious and highly trusted blockchain expert with countless years of experience, whose works are helping evolve the decentralized finance (DeFi) infrastructure.” He claims to work exclusively on FEG and dedicates “100% of time and focus is on making FEG Token the face of DeFi!” What Makes FEG Token Unique?įEG provides a quite elaborate ecosystem with different decentralized finance items. Who Are the Founders of FEG Token?įEG was created by FEGrox, the project’s pseudonymous lead developer. It matches the first $750 in donations by the community each month. FEG also introduces Smart DeFi, which it calls “the latest innovation.” According to FEG, it makes decentralized finance more secure, efficient and provides better returns by removing the need for liquidity pools.įEG stands for Feed Every Gorilla, and FEG has Pan African Sanctuary Alliance (PASA) as a charity partner. Moreover, it offers FEGtrack, a mobile and web app enabling users to track their FEG rewards. It includes a FEG Exchange for swapping, staking and providing liquidity to tokens, as well as fWraps, which enable users to wrap another cryptocurrency like ADA, DOGE, or XRP and receive rewards.
It is driven by its native FEG token, which is a hyper-deflationary, community-driven governance token with a 2% transaction tax.įEG offers an entire ecosystem built with a focus on reshaping and evolving how decentralized finance works. FEG Token is a decentralized transaction network on Ethereum and Binance Smart Chain.
0 kommentar(er)
