What is a FEG token?
Feg token is a hyper deflationary Decentralised finance(Defi) token that is changing the way decentralized finance (DeFi) isStructured. FEG Token focuses on changing and evolving DeFi. It works perfectly while providing the strongest ecosystem possible Designed to support DeFi’s important advancements.
FEG Token is completely decentralized. All communications and ownership were renounced at launch. Members of the community plan and execute marketing campaigns and developments.
The FEG Token was built to redesign the way decentralized finance (DeFi) is structured. FEG Token has its focus on reshaping and evolving how DeFi works completely. It aims to do this while delivering the most unique ecosystem ever built for DeFi’s much-needed advancements.
The project idea that follows the FEG Token Is that the FEG token was built to provide a decentralized transaction network, which would operate on the Ethereum blockchain (ERC-20) and operate on the Binance Smart Chain (BEP-20).
The movement and growth forward of the FEG Token would be determined by the fluctuations in the market; the model the FEG token runs on guarantees that it would succeed.
FEG token is denoted with the symbol FEG, and that’s is the ticker the token is traded with on exchanges.
FEG Token is a hyper-deflationary token by its nature and build; FEG token has a maximum supply of 200 quadrillions (200Q) combined on Ethereum blockchain and the Binance Smart Chain. This also includes an inaccessible burn wallet.
The burning of tokens has reduced the total supply of FEG to its current 84,903,550,124,054,200FEG; FEG had an all-time high(ATH) of $0.00000004 in its FEG/USDT pair on the 13th of May. Which was 3 months ago. FEG token has a diluted market capitalization of $145,572,579.86 and has an average daily trading volume of between 2.5million dollars to 4.5million dollars.
Every FEG Holder is given 2% of the transaction tax in distribution according to the percentage of token they hold on their wallets. This distribution includes that of the burn wallet, which is a holder that collects more tokens as transactions occur over time.
With the continuous decrease in the circulating supply of the FEG token, the token scarcity increases, this inversely proportional relationship displays the demand and supply model.
The token burns have no limit as to how many tokens can be burnt. This ensures that token holders get to enjoy a never-ending cycle of extra income without a burning limit with positive price appreciation pressure from the demand and supply model from the burning reduction of the circulating token.
FEG Token Live Pice and Market Cap
FEG Token price has traded at USD 3.41e-9 and a trading volume of USD 2,529,098 in the last 24-hour of trading. FEG Token is down 5.30% in the last 24 hours.
FEG token is currently ranked #2640 on CoinMarketCap, with a combined circulating supply of 84,903,550,124,054,200FEG on both the Ethereum blockchain and the Binance bright chain.
WHERE TO BUY FEG TOKEN
If you would want to buy FEG Token, the major exchanges where the trading of FEG Token is currently live are listed below, together with the trading pairs they are traded with on these exchanges;
- Uniswap (V2) FEG/ETH
- Gate.io FEG/USDT
- BKEX FEG/USDT
- 1inch Exchange FEG/ETH
- PancakeSwap FEG/WBNB
- PancakeSwap FEG/BUSD
- Ox Protocol ETH/FEG
Out of these exchanges that trade the FEG token, you would find the most extensive liquidity pool for trading FEG is on the Uniswap (V2), where 80.13% of the total trading volume of FEG is traded, the second-largest exchange that trades FEG is the Gate.io exchange where 14.49% of the total trading volume of FEG is traded with a 51% liquidity.
BKEX exchange is the next with a trading volume of 2.98%, even though the confidence level about FEG is not very high compared to Uniswap(V2) and Gate.io that both have a high confidence rating of FEG on their exchanges.
FEG token is on a mission of redesigning the way decentralized finance (DeFi) is structured. FEG token has its focus on reworking and causing an evolution on how DeFi works entirely while at the same time delivering the most complete ecosystem ever designed for the much-needed DeFi advancements.
FEG Token Price On The Ethereum Blockchain (FEG/ETH)
The FEG tokens on the Ethereum blockchain are known as FEG/ETH. The data of the FEG token on Ethereum are as given below;
Number Of Burnt FEG: 58.22121 Q
Number Of Circulating FEG: 41.77879 Q
MAX SUPPLY Of FEG: 100 QUADRILLION
PRICE Of FEG: 0.000000003361570 $US
MARKET CAP Of FEG : 140,442,333 $US
FEG Token Price On The Binance Smart Chain (FEG/BSC)
The FEG tokens on Binance Smart Chain are known as FEG/BSC, and the data of the FEG token on Binance Smart Chain are as given below;
Number Of Burnt FEG: 56.51521 Q
Number Of Circulating FEG: 43.48479 Q
MAX SUPPLY Of FEG: 100 QUADRILLION
PRICE Of FEG: 0.000000003721281 $US
MARKET CAP Of FEG : 161,819,125 $US
FEG TOKEN ECOSYSTEM
FEG has four distinct parts to its ecosystem, with each having its purpose of being fulfilled.
DECENTRALISED
The FEG Token is entirely decentralized. This also ensures that there is no primary owner of the token. All decisions, minor or significant, are made in favor of the community.
BURN RATE
Every transaction in FEG triggers a burn rate of 1%, with the accurate and actual percentage depends on the burn wallet size; this burn decreases the number of circulating supply of FEG with time.
REWARDS
The holders of FEG Token are rewarded with 1% tax. This percentage is again dependent on the burn wallet size; this tax reward is meant to punish weak hands holders of the token, making the token have a maximalist concept.
FURTHER DEVELOPMENT
The FEG Token has a vision of advancing further into the cryptocurrency and Decentralised finance (Defi) spaces by creating more innovative products that will guarantee the FEG token sustainability.
TOKENOMICS
The FEG token has its tokenomics in just 3 headings;
Liquidity was generated 100% via a public listing on Uniswap(V2) and PancakeSwap.
Token Symbol the FEG token symbol is FEG.
Networks the FEG token runs on two networks the Ethereum blockchain network and the Binance Smart Chain network.
FEGEX
The FEG token has its own exchange feg.exchange (FegEx) which has not begun full operation but will allow users to trade FEG and other coins when the exchange begins full operation and live to trade.
FEGTRACK
This feature of the FEG token ecosystem allows users, especially holders, to track their rewards.
Conclusion
The FEG token is a project with a lot of good prospects; hence you can have a look at it considering the ideas been pushed by the project team; it is a perfect coin to invest in as it is still early new and has bright concepts on what it aims to achieve.
DISCLAIMER
*Trading and investing in cryptocurrencies of any kind can be risky; hence this article is in no way financial advice. Hence do your due diligence and make your decisions accordingly.*