FEG
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FEGtoken-related information
Issue Time
2021-02-05
Platform pertained to
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Current coin price
0.00
Market Cap
$0.00USD
Volume of Transaction
24h
$0.00USD
Circulating supply
0.00FEG
Volume of Transaction
7d
$0.00USD
Change
24h
0.00%
Number of Markets
Crypto token price conversion
Current Rate0
0.00USD
WikiBit Risk Alerts
1WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!
FEG Price Chart
FEGtoken introduction
Markets3H
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1M
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| Aspect | Information |
|---|---|
| Short Name | FEG |
| Full Name | Feed Every Gorilla Token |
| Founded Year | 2021 |
| Main Founders | Anonymous |
| Support Exchanges | Uniswap, PancakeSwap |
| Storage Wallet | Metamask, Trust Wallet |
Overview of FEG
FEG Token, short for Feed Every Gorilla Token, is a cryptocurrency that was founded in 2021 by anonymous founders. The main exchanges supporting FEG Token are Uniswap and PancakeSwap. In terms of storage, FEG Token can be stored in wallets like Metamask and Trust Wallet. The cryptocurrency is decentralized and operates on both the Ethereum and Binance Smart Chain platforms.
Pros and Cons
| Pros | Cons |
|---|---|
| Decentralized | Anonymity of founders |
| Operates on both Ethereum and Binance Smart Chain | Relies on user adoption |
| Supported by major exchanges like Uniswap and PancakeSwap | Susceptibility to volatile market conditions |
| Stored in commonly used wallets like Metamask and Trust Wallet | Presence of similar tokens in the market |
What Makes FEG Unique？
One of the innovative features of FEG Token lies in its dual blockchain functionality. The cryptocurrency operates on both Ethereum and Binance Smart Chain platforms, which is not a very common case among cryptocurrencies. This dual blockchain approach allows for broad compatibility and reach of the token, potentially leading to enhanced usability and acceptance.
Another distinctive aspect of FEG is its tokenomics, especially its deflationary nature. Each FEG transaction triggers a token burn and redistribution to the token holders, thereby reducing the total supply over time and potentially enhancing the scarcity and value of the token.
How Does FEG Work？
FEG Token operates on a deflationary model. This means that with every transaction made using the token, a portion of the transacted amount is removed or 'burned', thereby reducing the total circulating supply of the token. This is done to potentially increase the scarcity and value of the remaining tokens.
The cryptocurrency also adopts a unique 'frictionless' design, which means that each time a FEG Token is transacted, a 1% fee is distributed to all FEG holders and another 1% is burned. This helps to ensure that all holders get a fair distribution of tokens and increases the deflation of the token.
In terms of blockchain platforms, FEG Token operates on both the Ethereum and Binance Smart Chain. Users can choose either platform for their transactions, which provides a degree of flexibility and broadens the token's reach and usability.
FEG Tokens can be acquired on major exchanges such as Uniswap (for Ethereum-based transactions) and PancakeSwap (for transactions on the Binance Smart Chain). Once acquired, FEG Tokens can be stored in popular wallets like Metamask or Trust Wallet.
Exchanges to Buy FEG
1. Uniswap: Uniswap is a widely used decentralized trading platform that supports FEG. The main trading pairs are FEG/ETH and FEG/WETH (Wrapped ETH).
2. PancakeSwap: This is a decentralized exchange that runs on the Binance Smart Chain network. It primarily supports the trading pair FEG/BNB.
3. 1inch: This decentralized exchange also lists FEG, providing pairs such as FEG/ETH.
4. BKEX: This centralized exchange offers FEG trading. The available trading pair on this platform is FEG/USDT.
5. Bilaxy: A multi-cryptocurrency exchange that has listed FEG Token. The primary trading pair for FEG here is FEG/ETH.
How to Store FEG？
FEG Tokens can be stored in digital wallets that support ERC-20 (for Ethereum variant) and BEP-20 (for Binance Smart Chain variant) tokens.
Metamask: This is a web3 wallet which can be added to your browser as an extension. It supports ERC-20 tokens, so it can be used to store the Ethereum variant of FEG tokens.
Trust Wallet: This is a mobile wallet that supports both ERC-20 and BEP-20 tokens. Therefore, it can be used to store both Ethereum and Binance Smart Chain variants of FEG tokens.
Should You Buy FEG？
Purchasing FEG Token might be suitable for individuals who have an understanding of cryptocurrency markets and the associated risks, especially those who are familiar with altcoins and deflationary tokens. FEG Token, like other cryptocurrencies, is subjected to market volatility and the price can be affected by numerous factors, including the overall sentiment in the cryptocurrency market, demand and supply, regulatory news, technological developments, and macroeconomic trends.
FAQs
Q: Which exchanges allow for trading FEG Token？
A: Prominent exchanges for trading FEG Token include Uniswap and PancakeSwap.
Q: How does FEG differentiate itself from other cryptocurrencies？
A: FEG Token differentiates itself by operating on both Ethereum and Binance Smart Chain platforms and adopting a deflationary model.
Q: What are some potential drawbacks of FEG Token？
A: Potential drawbacks of FEG Token include the anonymity of its founders and high market volatility.
Q: How does FEG Token's deflationary model work？
A: FEG Token's deflationary model reduces the total supply with each transaction by burning a portion of the tokens, aiming to enhance their scarcity and value over time.
Q: How can I store FEG Tokens？
A: You can store FEG Tokens in digital wallets like Metamask and Trust Wallet that support ERC-20 or BEP-20 tokens.
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