FEG Token review (Is FEG Token legit?)
Table of Contents
FEG Token review (Is FEG Token legit?)
Read all about FEG Token in this FEG Token review.
There are thousands of cryptocurrency that are currently in circulation. Many of these cryptocurrency are unique, in the sense that they have different problems they are trying to solve and of course in different industries.
FEG is a deflationary token with a max circulating supply of 100 Quadrilion. On each transaction, a tax of 1% will be distributed to the holders and a further 1% will be burnt, hence incentivizing holders to hodl and decreasing the supply overtime. As the supply decreases, the scarcity of the token increases.
In this FEG token review, I am going to be writing about all you will need to know about this token under the following sub-topics “What is FEG Token?”, “Is FEG Token legit?”, “FEG Token Tokenomics”, “How to buy FEG Token?” and more.
Remember to leave us a comment after you finish reading and also share with your friends on social media.
Let’s get into it then…
What is FEG Token?
FEG is an EXPERIMENTAL progressive deflationary DeFi token built to succeed
The main idea behind FEG is to provide a decentralized transaction network which operates on the Ethereum blockchain. The path forward for FEG is determined by market fluctuations, but the model it runs on begs FEG to succeed.
FEG is a deflationary token with a max circulating supply of 100 Quadrilion. On each transaction, a tax of 1% will be distributed to the holders and a further 1% will be burnt, hence incentivizing holders to hodl and decreasing the supply overtime.
As the supply decreases, the scarcity of the token increases. This inversely-proportional relationship constitutes a supply and demand model. Furthermore, there is no limit as to how many tokens can be burnt. Without a burning limit you know what happens next.
Feg Ecosystem
Decentralized
FEG is fully decentralized, there is no one main owner of the token. All decisions are made in the communities’ favor.
Burn rate
Each transaction triggers a burn rate of 1%, which decreases the supply of FEG overtime.
Rewards
FEG rewards its holders with a 1% tax on each transaction to punish weak hands.
Further development
FEG is planned to advance further into the crypto space by releasing innovative products which will ensure the sustainability of the token.
FEG Token roadmap
Jan 2021
- Design & creation
- Uniswap listing
- Try finance partnership
- Dogira partnership
Feb 2021
- Marketing push
- Further ecosystem development
- FEGtrack Googleplay listing
- FEGEx open beta test
How to buy FEG token
FEG has been listed on a number of crypto exchanges. You cannot directly purchase FEG token with fiat currency. But you can first buy one of the major crypto like Bitcoin (BTC), Ethereum (ETH), tether (USDT) and then transfer it to an exchange that offers to trade this coin.
Follow the below steps:
- Buy BTC, ETH, USDT on binance. Just sign up and verify your account, then you can buy crypto.
- You will then need to transfer your coins to an exchange that FEG can be traded on like Uniswap, 1inch exchange etc.
- Once you have finished, you will need to make a BTC/ETH/USDT deposit to the exchange from binance depending on the available market pairs.
- After the deposit has been confirmed, you can then purchase FEG from the exchange.
Is FEG Token legit?
FEG token, just like all other Defis and crypto are all risky ventures. There is no guarantee that you will not lose your money, should you decide to invest.
As you probably already know, cryptos are highly volatile, hence it is smart to do a bit of research before investing your money.
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Conclusion
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