If you are holding your FEG tokens on a Centralized Exchange, please watch their announcements as some have migrated (e.g., Gate.io) and others are in the process.
Centralized Exchanges currently migrating:
Gate.io, Hotbit, BKEX, XT, MEXC (although FEG is not listed for trade as of now) & LATOKEN
All other CEXs holding FEG have been notified and informed that they might use the migration tool if they prefer this method.
Frequently Asked Questions
What if I already migrated or purchased new FEG during the period of Feb 22-23?
You have received an airdrop of new tokens. Add this address to your wallet:
0xbededDf2eF49E87037c4fb2cA34d1FF3D3992A11
If you have tokens with this contract address:
0x471E74403086de1F6C2b312690d411942EF497dC
If you migrated and received the correct amounts - You have been airdropped the same amount of the new token.
If you migrated and received 10x the amount you were supposed to get - You got airdropped the correct amount.
If you sent tokens back to FEG Deployer wallet - you got an airdrop.
If you sold tokens - you don't receive an airdrop.
You have received an airdrop if you purchased new tokens and still have them in your wallet.
If you have tokens with this contract address:
0xBA993532E7b66029077b794383eB0Cb75CcDD72D
If you migrated - you have been airdropped your new tokens
If you bought tokens before the migrator exploit attack on Feb 23 - You have been airdropped your tokens
If you bought tokens after the migrator exploit attack on Feb 23 - You have been returned the BNB amount paid for that transaction.
Will I lose anything because of the migration?
We will reduce the total amount of tokens to make FEG more attractive for investors and CEXs. With a decrease in the total number of tokens, you will receive fewer tokens from the migration tool, but they will still be the same percentage of ownership.
The ratio of FEG v1 to v2 tokens
How many tokens will you have after migration?
Quick math: remove 6 zeroes from your current supply:
1Q = 1B
100T = 100M
10T = 10M
1T = 1M
100B = 100k
10B = 10K
1B = 1k
100M = 100
What is the new supply?
100B tokens FEGeth (total supply, not circulating)
100B tokens FEGbsc (total supply, not circulating)
FEG will carry over the burnt supply minus the amount needed to integrate ROX token.
This means FEG has migrated with roughly 50% of the supply already burnt = Roughly 50B circulating supply on each chain
What happens to the current burned tokens
When we migrated to the new token, we maintained the current ratio of circulating supply to burned supply.
The difference is we needed to keep roughly 10% of the burnt supply to integrate ROX Token holders into the new FEG token over the 30-month vesting period with a quarterly release.
So, approximately 50% or so has been burned at the new token launch on each chain.
The FEG Team might keep a small percentage for CEX listings; details will be communicated when finalized.
