FEG Token


Document last updated: April 10th, 2023

A set percentage of every buy & sell is placed into a separate liquidity pool inside the smart contract, backing each Token with the designated asset! For example, FEG is backed by ETH & BNB pools that are always rising, increasing the minimum value of each Token!

Every Token launched from the SmartDeFi ™ launchpad can integrate Asset-Backing behind their Token, resulting in a perpetual increase of the SmartDeFi token's baseline value - even when tokens are sold, thus forming a guaranteed minimum value per token that cannot decrease.
The Asset-Backed value can be recovered instantly by burning SmartDeFi ™ tokens for their share of the Asset-Backing Pool. When SmartDeFi RFI-based tokens burn for their backed asset, it creates a “black hole” that burns more and more tokens automatically and effortlessly over time. Burned tokens forward their backing from now on to the remaining tokens, increasing the backing per token faster. This guarantees that every SmartDeFi token will always have value, regardless of the market price!
SmartDeFi also helps eliminate pump-and-dump schemes as a transparent baseline value means buyers know the risk ratios before trading.

How To Burn For Backing Asset

Step 1: Pick the token on which you want to use the SmartTools

Step 2: Choose the "Backing" tab

Once you have selected the token you want, you will be presented with two options, "Backing" and "SmartLending," both are VERY different, so DOUBLE CHECK in which menu you are in. The " backing " option allows you to burn/destroy your SmartDeFi token in exchange for the fBNB/fETH that backs each token.
Burning for backing is NOT reversible; your token will be unrecoverable!
So once you've decided on how much of your token(s) to burn, type the number in the "balance" field and click the "Burn for backing" button.
You will now receive a warning from the system notifying you that you're about to burn your tokens in exchange for their backing amount; click "confirm" to continue and confirm the transaction dialog, which will appear in your wallet regarding the gas fees. Example: You have a token whose market price is 10BNB per token and has a backing value of 2BNB. If you burn one of the tokens for the backing amount, you will receive 2BNB. For one such token, you will receive the backing amount for that token, which in this case is 2BNB and NOT the 10BNB, which would be the market price.