Price (USD)$ NAN
Circulating SupplyFEG 0.00
Volume (24h)$ 160.89296K
Market Cap$ 0.00
Low/High 24h$ NAN - $ NAN
Change (24h)$ NAN
The decentralized finance field came up with a number of amazing and unique projects that keep broadening the crypto industry. The FEG or Feed Every Gorilla token is yet another brilliant example of the developments in the field. At its core, it is a blockchain platform, and 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. FEG currently operates on the Ethereum blockchain (ERC-20) & Binance Smart Chain (BEP-20) and will do the same once migrated into the SmartDeFi Technology based token.
Interestingly, the platform focuses on evolving and reshaping how decentralized finance 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. A major FEG rebrand is underway after an on-chain community vote in late September. The blockchain used to have a gorilla logo, however, the users voted for switching the gorilla out for a simplified icon-oriented logo set designed to appeal to a broader audience.
The blockchain offers a number of innovative features. One of these is From The Wallet space. From The Wallet or FTW is a Limit-Order trading platform that allows the user to trade directly from their wallet to other users and vice versa. The FTW limit order protocol is built such that the user will maintain full custody of their assets, may they be cryptocurrencies or NFTs, at all times. FTW is the apex of P2P (peer-to-peer) trading in the cryptocurrency and NFT space, trading in an absolute secure way without giving control over the assets to someone else. The contracts which the FTW Limit-Order trading platform is being built are undergoing thorough testing as well as 3rd party audit prior to the launch of the platform.
FTW will offer the option of a per-transaction or subscription. These fees will be less than traditional trades because it is a transfer on blockchain rather than a buy or sell with multiple routes between the assets. Initially, FTW will support assets on Ethereum (ERC-20) and Binance Smart Chain (BEP-20). Expansion of this trading platform will move to multiple blockchains that run on Ethereum Virtual Machine (EVM).
FEG custom-built Aggregator/Router will provide users the ability to trade tokens on decentralized exchanges (DEX) at market price pulling the cheapest price from multiple DEX’s. The Aggregator has a number of unique characteristics, including:
FEG Token is the governance token of the fully decentralized trading ecosystem, designed to earn holders who stake their tokens. The path moving forward for FEG coin is largely determined by market fluctuations and the adoption of the two non-custodial trading platforms mentioned earlier: From The Wallet trading platform and custom built Aggregator/Router. FEG Token also has a number of features that many users will find useful:
The Smart DeFi contract underpinning the FEG ecosystem has been completed already and is currently undergoing internal testing before being audited by year’s end, while the Tracking Token Swap app for staking is also complete and live. SmartDeFi 2.0 tokens will be tradeable on any centralized exchange (CEX) or decentralized exchange (DEX) and can be paired against any token on the market (ETH, BNB, WBTC, USDC, BUSD, etc.). On the SmartDeFi 2.0 launchpad users will be able to:
There are two additional advantages of the technology. First, SmartDeFi has the so-called Baseline Value embedded. This is the first-of-its-kind technology that acts as a virtual gold standard. With each transaction, a small fee is levied and routed to an asset backing pool, which continuously grows with time and can never decrease. In other words, tokens using the SmartDeFi protocol have an inherent value that will not increase or decrease based on market conditions. The second benefit is security. From an investor's standpoint, SmartDeFi is by far the most secure means of investing in crypto. The liquidity for tokens launched is locked for eternity within the token's smart contract, which means that funding can never be ‘rugged.’
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. One of the ways this can be done is by staking the token.
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 the rewards system that puts positive price pressure on FEG token. Only the SmartDeFi token creator can create the staking contract, and once it’s created, it automatically updates the token contract to acknowledge it. The staking contract will acknowledge an investors initial staking amount and track the amount of rewards accrued on top, allowing claim of either all or just the accrued rewards.
Additionally, the platform’s users will have the option to incorporate a secondary reward token when deploying or later. Staking contracts are whitelisted on the Deployer to avoid transfer taxes. When users stake, they will in return receive SDSS (SmartDeFi Staking Share) tokens (ratio TBD) similar to the current FSS from the previous FEG staking.
In October, FEG underwent a 300% price surge and kept seeing elevated prices and increased volume throughout the whole month. New partnerships keep attracting more users to the platform. On October 18, FEG also announced that it has partnered with and been listed on Btok, a Web3 social network claiming over 10 million users that allows Web3 companies to airdrop tokens to its users.
The company is very active on Twitter and keeps its vast community updated on the current news and blockchain developments. With this continuous work going on, FEGToken may be well-adjusted for the turbulence the crypto market faces at the moment and go from strength to strength in the future.
If you’re looking for a place to buy FEG cryptocurrency, StealthEX is here to help you. You can make the purchase privately and without the need to sign up for our service. Our crypto collection has more than 600 different coins and you can do wallet-to-wallet transfers instantly and problem-free.
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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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