FEG Token
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Introduction
Building an ecosystem around a hyper-deflationary governance token.
The main idea behind FEG Token is to provide a fully decentralized transaction network, which operates on the Ethereum blockchain (ERC-20) and the Binance Smart Chain (BEP-20). The path forward for FEG Token is determined by market fluctuations, the ability to create adoption for FEG Exchange and integration of rewards from our SmartDeFi Launchpad.
FEG Token is a hyper-deflationary token with a maximum circulating supply of 100Q (quadrillion) on both the Ethereum blockchain and the Binance Smart Chain that includes an inaccessible burn wallet where 50Q was burnt at launch on both chains. Depending on each holder’s percentage of ownership, a 2.00% transaction tax is distributed among all holders - this includes the burn wallet, which is essentially a holder that collects more tokens over time as transactions occur. As the circulating supply decreases, the scarcity of the token increases. This inversely proportional relationship constitutes a supply and demand model. There is no limit as to how many tokens can be burnt!
- 58.81% of the 2.00% tax goes to the burn address on the ETH side (58.81Q in the burn address) and 41.19% of the 2.00% tax is distributed to the community (41.19Q in circulating supply).*
- 57.42% of the 2.00% tax goes to the burn address on the BSC side (57.42Q in the burn address) and 42.58% of the 2.00% tax is distributed to the community (42.58Q in circulating supply).*
*As of December 16, 2021
Without a burning limit, holders get to enjoy a never-ending cycle of passive income with positive price pressure!
FEGex
FEGex is a multi-chain decentralized exchange (DEX) that runs on both the Ethereum blockchain and Binance Smart Chain. FEG plans on expanding FEGex to an additional five blockchains over the near future, these be AVAX, MATIC, and FTM.
The development of the cross-chain bridge will allow swapping tokens listed on FEGex between all five blockchains if the project provides bridge dedicated liquidity. Cross-chain transactions will make FEGex a CEXDEX (a centralized feature within a decentralized environment).
Transactions across the bridge are sent to a server to be worked out as they cannot be implemented into a contract and need a system to do the logic, which is on the CEX (centralized exchange). It is important to remember that the other half of the process is where you proceed back into DeFi on the DEX.
Last modified 4mo ago
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FEGex