Document last updated: April 1st 2023
FEG Token has a Maximum supply of 100 Billion The circulating Supply is 50 Billion
Tokenomics have been adjusted for LP recovery and will be changed to the original tokenomics of 4.5% buy & 5.5% sell tax once LP is recovered.
Marketing & Development
Wallet transfer tax
The new upgraded FEG token features improved tokenomics in line with the project's current needs to elevate our project to the next level pending the next crypto bull market.
Tokenomics for each trade are as follows: - 0% of total volume (buys & sells) goes to the staking pool as rewards for people staking their token, thus pushing ahead with the project's mantra, passive income. STAKING CONTRACT IS NOT ONLINE YET, so the tax is zero. - 0.5% of buys & 1% of sales goes to asset-backing, an ever-increasing liquidity pool that allows the token holder to burn the token for the baseline value or take an interest-free loan against it. The baseline value NEVER goes down and provides a minimum token value regardless of the market price. - 0.5% of buys & 1% of sales are diverted to the marketing and development budget and used to spread the word about the project, fund development, and ecosystem maintenance (servers, web3 infrastructure, etc.). - 2% of buys & 5.5% of sales increase the tokens' liquidity pool, thus making the price impact more stable during heavy buys & sells. - There is no tax for transfers between wallets; users can move tokens between wallets without a tax.