FEG Token Migration – A Comprehensive StealthEX’s Guide
StealthEX keeps up-to-date with the latest crypto events, including major changes like migration. One of the popular digital assets, FEG, has recently migrated, and StealthEX fully supports the new token, making it available for exchange on its instant crypto platform. Read more about FEG Token migration in the new article.
Article contents
As a rule, the journey from design paper to real product often takes many twists and turns and sometimes projects change their plans, for instance, decide to swap the blockchain. In these cases, crypto projects may require investors to participate in a cryptocurrency or token migration. Also called a token swap, the process involves transmitting a token holder’s balance on one blockchain to another blockchain. When a token project transitions from one blockchain to another, it must also move its tokens to the new chain.
This is exactly the process that was initiated by FEG Token, a FEG token swap. The token migrated in the middle of March with roughly 50% of the supply already burnt, which equals roughly 50B circulating supply on each chain. The project reduced the total amount of tokens to make FEG more attractive for investors and CEX’s. With a decrease of the total number of tokens, the crypto holder will receive less tokens from the migration tool but they will still be the same percentage of ownership.
Upgraded FEG Token with Enhanced Tokenomics
According to the project’s website, the new upgraded FEG token features improved tokenomics in line with the project’s current needs to elevate the project to the next level pending the next crypto bull market.
0% of total volume (buys and sells) goes to the staking pool as rewards for people staking their token, thus pushing ahead with the project’s mantra, passive income. 0.5% of buys and 1% of sales goes to asset-backing, an ever-increasing liquidity pool that allows the token holder to burn the token for the baseline value or take an interest-free loan against it. 0.5% of buys and 1% of sales are diverted to the marketing and development budget and used to spread the word about the project, fund development, and ecosystem maintenance (servers, Web3 infrastructure, etc.). 4% of buys and 5.5% of sales increase the tokens’ liquidity pool, thus making the price impact more stable during heavy buys and sells.
What Should I Do? Effortless FEG Token Migration Guide
The process of migrating tokens varies by project. If you self-custody your tokens, you may be required to initiate the migration yourself. Most projects create tools that connect to your crypto wallet and allow you to migrate your tokens with a few clicks, and FEG Project did just that.
If you hold FEG on a CEX platform like Gate, Hotbit, the migration for you will be automatic. If you’re holding your FEG in your wallet, the FEG team has created an easy-to-use Migration app where users can swap their old tokens for new ones in a few clicks. Additionally, you can check out their video tutorial on how to easily migrate your FEG Token. Any FEG Token user will be able to migrate any time after the start of migration, there is no end date.
As StealthEX supports FEG migration and the new FEG Token, you can easily buy it via the platform. Continue reading to see how simple your $FEG Token purchase can be.
Secure $FEG Exchange on StealthEX
There are many exchanges where to swap $FEG, and StealthEX is one of the safest options. This platform offers users to get FEG Token with no extra fees and with the best floating and fixed rates.
How to Swap FEG Token: Simple Steps
Just follow the guidelines below. Let’s imagine you want to exchange FEG for BTC. To make an exchange, you need to take a few simple steps.
First, you should choose FEG Token (FEG) in the left drop-down list. Then choose Bitcoin in the list of coins on the right.
After setting the pair it is necessary to enter the amount of FEG you want to exchange. Here you will see the estimated amount of BTC that you will receive after the exchange.
Now, when everything is set, press the Start Exchange button and you will be taken to the next page.
In the second step, you need to provide the BTC coin recipient address. The recipient address must match the crypto you are going to receive. Remember to double-check the information you enter prior to the exchange as the transaction you make cannot be canceled.
As soon as you have carefully checked all the details, you can press the Next button and you will be redirected to the Confirmation page.
Here you can revise the address provided and the amount of crypto you will receive. Don’t forget to read and check the Terms of Use and Privacy Policy box. Without checking the box you will not be able to continue the exchange.
Pressing the Next button you will be redirected to the Exchange page.
At first, you will see the address where you need to send your FEG Token to continue the exchange. StealthEX will also provide you with the exchange ID. It will allow you to keep all the information about the swap. It is recommended to save your exchange ID or the link to your exchange.
Exchange Statuses Explained
After sending FEG coins to the shown address, the information on the Exchange page will be renewed automatically. The Exchange page has several statuses that will change during the time of the exchange.
- The first status is Awaiting deposit.
- The following status is Confirming. This means that StealthEX is confirming the transaction you made.
- The next status is Exchanging. During this time the exchange is being made.
- Then the status will be changed to Sending to your wallet. This indicates that there are just a few minutes until you receive your cryptocurrency.
Finally, you will be redirected to the Finish page. This shows that the exchange has been successfully made and you will receive crypto to the address provided. To be sure that crypto was sent to your wallet you can also use the Output hash shown on this page and check it in the blockchain list of transactions.
From here you can either create a new exchange on StealthEX or leave the page and check your wallet to be surprised at how fast you get crypto sent to your address. Usually, the process is quite rapid so you won’t need to wait long: FEG swaps are processed in a matter of minutes.
Continue reading the article to learn more about the FEG project.
Revolutionizing DeFi with FEG Token
FEG Token, also known as $FEG or Feed Every Gorilla token, is a decentralized transaction protocol that has a unified token. It is a governance token for the FEG ecosystem and exists on Ethereum and BNB Chain. The innovative DeFi platform is striving to make the opportunities that the cryptocurrency space provides more accessible to ordinary users.
Among the features it offers, in addition to FEGex, are fWrapping of assets, Smart DeFi functionality for issuing new assets backed by fWrapped assets, and the FEGtrack portfolio tracking tool. The project’s ecosystem is powered by the FEG protocol and governance token.
FEG Token is redesigning the way decentralized finance is structured. FEG Token is focused on reshaping and evolving how DeFi works completely while delivering the most robust ecosystem ever designed for DeFi’s much-needed advancements.
With this crypto project being so popular, it’s easy to see that StealthEX offers one of the quickest ways to buy the updated FEG Token effortlessly and without any hassle. It’s simple, it’s safe, and it’s easy!
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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.
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