FEG is a decentralized crypto project running on BNB Smart Chain and Ethereum Blockchains, and is the token around which the entire SmartDeFi ecosystem is being built, vastly increasing its demand and uses as more and more features are being added to the ecosystem.
FEG was deployed on ETH on January 31, 2021, and on BSC on February 12, 2021. It's basically one project but the two tokens run independently of one another on their respective blockchains, varying in price with separate liquidity pools and market movement.
Passive Income Opportunities
FEG holders can earn passive income through FEG Staking. The fully audited protocol allows FEG stakers to receive rewards from FEG trading and also from ALL other projects utilizing the SmartDeFi staking protocol.
Staking opens the door to various income possibilities as rewards flow from hundreds of projects launched via the SmartDeFi Launchpad, making FEG staking an absolute monster for passive income.
Rewards earnings vary on each chain based on their volume and coming FEG platforms such as the SmartDeFi Token Launchpad, FTW P2P trading, Aggregator and others.
A store of value
At the heart of FEG lies its asset-backing feature, offering a store of value with a continuously increasing baseline. This distinctive attribute is backed by ETH and BNB generated from various sources within the FEG ecosystem.
Holders of FEG also benefit from the SmartLending feature, enabling them to take interest-free loans against the asset-backed value of their token holdings.
The FEG project has chosen to keep the smart contract closed-source to protect the intellectual property of the SmartDeFi code. Consequently, the contract is unavailable for verification on platforms like BSCscan or similar services.
Automated contract scanners lack the sophistication to evaluate the FEG contract accurately, especially considering its complexity and the interplay of multiple contracts within the ecosystem. However, all of the code in the FEG ecosystem has undergone thorough security audits by Peckshield, the results of which are fully transparent and can be verified.