FEG Post-Migration Tokenomics
Document last updated: Dec. 13th, 2022.
The new upgraded FEG token will feature improved tokenomics inline with the current needs of the project, in order to elevate our project to the next level pending the next crypto bull market.
The new fees system was thought of in a way to find the best ratio between freedom of trading and supplying enough funds to keep the project growing and evolving.
Tokenomics for each trade will be as follows: - 2% of total volume (buys & sells) goes to the staking pool as rewards for people staking their token, thus pushing ahead with mantra of the project, passive income. - 1% of total volume (buys & sells) goes to asset-backing, an ever increasing liquidity pool which allows the holder of the token to burn the token for the base-line value or take an interest free loan against it. The base-line value NEVER goes down and provides a minimum value of the token regardless of the market price. - 0.5% of buys & 1% of sales will be diverted to the marketing budget and will be used to spread the word about the project to all corners for the planet. - 0.5% of buys & 1% of sales will be used for project growth and sustainability. - 0.5% will be used to increase the tokens' liquidity pool, thus making the price impact more stable during heavy buy & sells. - There will be no tax for transfers between wallets, users are free to move tokens between wallets without a tax.