FEG Price (FEG)#794
The market capitalization of a cryptocurrency is its current price multiplied by its circulating supply (the total number of mined coins).Market Cap = Current Price x Circulating Supply.
Volume 24h is referring to the total amount of a cryptocurrency traded in the previous 24 hours.
Available supply or circulating supply is the best approximation of coins or tokens in circulation and publicly available.
The total supply of a cryptocurrency is referring to the total amount of coins in circulation or locked minus the removed ones.Total supply = Onchain Supply - Coins Removed from Circulation
The fully diluted market value is referring to a cryptocurrency's market cap when/if its total supply is issued.
FEG Price Update
FEG price is $0.000000000485 , down 0.98% in the last 24 hours, and the live market cap is $19.6M . It has a circulating supply volume of 40,701,187,486,071,704 FEG coins and a max. Supply volume of 100,000,000,000,000,000 FEG alongside $19.6M 24h trading volume.
The addresses and transactions of FEG can be explored in https://etherscan.io/token/0x389999216860ab8e0175387a0c90e5c52522c945 and https://ethplorer.io/address/0x389999216860ab8e0175387a0c90e5c52522c945 .
FEG website is https://fegtoken.com.
FEG (Feed Every Gorilla) provides a decentralized transaction network, which operates on the Ethereum blockchain (ERC-20) and Binance Smart Chain (BEP-20). To explore the FEG token and get insights into its contract address, latest trades, and transaction hash, check out etherscan.io for Ethereum and bscscan.com for the Binance Smart Chain.
FEG Token is in its early stage of development. FEG is a deflationary token that has a maximum circulating supply of 100 Quadrillion (100,000,000,000,000,000).
The FEG price is volatile and depends on the platform's development, general crypto market trends, availability on crypto exchanges, and other factors.
What Is FEG Token
The FEG token aims to redesign how the DeFi system works by providing a decentralized transaction network operating on the Ethereum blockchain (ERC-20) and the Binance Smart Chain (BEP-20). FEG is a community-driven platform launched in early February 2021 to reshape and evolve DeFi while also building a robust ecosystem that supports its advancements.
FEG's goal is to redesign the way decentralized finance is structured.
FEG is a hyper-deflationary token, meaning that the total number of coins on the market highly decreases over time. Deflation is achieved by charging a 2% fee when investors sell their tokens. Half of this fee is burned, and the other half is redistributed among the remaining token holders.
There's a maximum supply of 100 Quadrillion (1,000,000,000,000,000) FEG tokens.
For every transaction made on the network, a 1% "tax" is paid by the sender, which is distributed between holders while another 1% is burned, hence incentivizing holders to hold and decreasing the supply over time. As the supply decreases, the scarcity of the token increases. This inversely proportional relationship constitutes a supply and demand model, where the FEG token price doesn't decrease, but its supply does.
Furthermore, there is no limit as to how many tokens can be burnt.
How Does FEG Work
FeG token is the governance token of the FEG Exchange, FEGex, and cross-chain centralizedexchange/decentralized exchange (CEX/DEX).
FEG Token is fully decentralized; there is no one principal owner of the token. FEG has a robust community, and all decisions are made in the communities favor. FEG was audited and verified by Solidity Finance, which assures all its users that it doesn't have any denial-of-service (DDoS) attack routes.
FEGex is the cross-chain centralized/decentralized exchange that allows users to stake, swap, add liquidity to pools, and wrap tokens.
It is an all-in-one exchange that offers functionalities such as FEGswap, SmartSwap, FEGstake, Liquidity pool, and Bridge (between ERC-20 and BEP20).
Holders that put FEG tokens into liquidity or liquidity service providers (LP) will permit others to acquire FEG, using the FEG tokens that are placed into liquidity. As a result, these holders will be rewarded in fBNB or fETH, depending on the liquidity chain.
Pairs in liquidity pools are based on fWRAP technology, allowing token holders to get additional passive income flow. There are two types of liquidity for FEG tokens: 1-sided liquidity and 2-sided liquidity.
For 1-sided liquidity, there is no need to pair fBNB or fETH to take part in the liquidity pools.
The maximum 1-sided liquidity added per transaction is equivalent to 1% of the pool's size.
For example, if the pool contains 100 trillion FEG, then a maximum of 1T FEG can be added at a time.
With 2-sided liquidity, there is an optional pairing to either fBNB or fETH at a coordinating USD value. The maximum 2-sided liquidity for a transaction is 49% of the total liquidity pool.
All other tokens will obtain 0.2% of the sell transactions that pay the liquidity service providers of the corresponding pool. Any pair that lists on FEGex can bypass betting and provide 0.35% of the sell purchases to their liquidity pool.
The fWrap option on FEGex allows users to wrap tokens and earn a passive income, while a 1% fee is applied while wrapping and unwrapping cryptocurrencies.1% of all transactions (buy, sell or transfer) would immediately and automatically go to holders of that fWrap. This makes fWrap a beneficial way of earning an APY (annual percentage yield).
FEG token holders can keep track of their tokens and FEG balance in real-time using the FEGtrack app, downloadable on Android and iOS.
SmartDeFi is an innovative template that aims to make DeFi more secure, efficient and offer higher rewards for investors. It allows swap sites to integrate a token trade entirely while using the token's liquidity pool.
The FEG token team also plans to bring out new products, including non-fungible tokens (NFTs) and gaming.
The FEG ecosystem also presents ROX Token, the world's first multi-chain token built with SmartDeFi technology and a total supply of 1000 ROX on both the Ethereum and Binance Smart Chain.
A 2% share of all transactions (buy, sell and transfer) would be distributed to holders.
Partners and Donations
The FEG network has also created a perpetual charity crypto wallet powered by frictionless yield and allowing PASA to receive uninterruptible donations continuously.PASA (Pan African Sanctuary Alliance) is a charitable partner of the FEG token community. It has been fighting against illegal hunting while also researching wildlife and educating people. PASA has a network consisting of 23 members across 13 African countries.
The FEG token community's 100% donations, along with $750 (USD), are matched 1:1 by the FEG team every month.
Frontrunning bot protection ensures the security of all community members and investors' assets by protecting liquidity pools.
Where Can You Buy FEG
You can trade FEG tokens on: Gate.io, PancakeSwap (V2), BKEX, Uniswap (V2), 1inch exchange.
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