While the ‘meme’ token rush, which started with Dogecoin in the crypto money world, continues with Shiba Inu (SHIB) and similar projects, Feg token (FEG) has emerged.
So what is Feg coin?
According to the statement on its website:
FEG Token is redesigning the way decentralized finance (DeFi) is structured. FEG is focused on reshaping and evolving how DeFi works completely while delivering the most robust ecosystem ever designed for DeFi’s much-needed advancements.
FEG, an ERC-20 token running on the Ethereum blockchain, also on Binance Smart Chain, has a decentralized exchange called FegEx. The team offers a decentralized transaction network running on the Ethereum blockchain and Binance Smart Chain with this platform.
FEG has a maximum supply of 100 quadrillions in circulation. In FEG, which is claimed to be a ‘deflationary’ token, a 1% ‘tax’ is distributed to FEG holders in every transaction, and an additional 1% FEG is burned. Thus, while incentives are provided to FEG holders, the supply decreases over time. It is stated that there is no limit on the number of tokens to be burned.
FEG appeared in January of 2021. FEG, created by forking from the Reflect Finance (RFI) project, has burned 57 percent of its total supply on Ethereum. This rate is 56 percent on Binance Smart Chain. Currently, the number of assets in circulation on Ethereum is 42 quadrillion, while on Binance Smart Chain 44 quadrillion. 1% of the supply in Ethereum and 0.75% of the supply in BSC are in liquidity pools.
The price of FEG experienced a significant price increase in May, and this increase brought great interest. As of June 13, 2021, FEG is trading at $0,00000001.
How to get a Feg token?
FEG is listed on decentralized exchanges such as Uniswap and PancakeSwap. In addition, the cryptocurrency exchange Gate.io recently started to list FEG.
SEE ALSO: What is Cardano (ADA)?
