The FEG ecosystem, short for Free Every Gorilla, was launched in January of 2021.

FEG Token is a project that aims to unify the interests of those operating in Decentralized Finance (DeFi) and encourage long-term DeFi adoption. The team hopes to do this by promoting fairness and privacy, and by solving issues surrounding transactional complexities, high fees, and dubious schemes. FEG has a range of products and services targeted towards its goals, these include FEGex, fWrap, Staking, SmartSwap, as well as many other tools.

FEG is a deflationary token and has a maximum circulating supply of 100,000,000,000,000. It functions as the governance token for the FEG ecosystem. It operates on both Ethereum and Binance Smart Chain, where 50% of the supply on both chains was burnt.

What are FEG Token’s key features and how does it work?

One of the platform’s key features is the FEG Exchange (FEGex). It is an all-in-one exchange that operates on the Ethereum and Binance Smart Chain blockchains, it also features a bridge that makes swaps possible between the two blockchains. Some of FEGex’s other features include auto-listing, meaning that any token can list on the platform, add locked liquidity as well as create trading pairs. The platform also facilitates P2P trading.

FEG also offers SmartSwap technology. This facilitates a large reduction in fees as trades on deflationary tokens are not subject to any normally associated taxes. Also, any fees that are incurred go towards the platform’s staking rewards.

As part of the FEG Token platform, a comprehensive staking program is also in place, called FEGstake. FEGstake provides users with an incentive to contribute to the ecosystem in the form of staking rewards. Staked FEG tokens are locked in FEG Token staking contracts, and stakers are rewarded with 0.12% of any sell transaction that takes place on the exchange. The rewards are distributed automatically to stakers and divided proportionally by the percentage of tokens staked. Rewards are distributed in fBNB or fETH, depending on the chain used to stake.

The platform has also implemented a token wrap functionality, fWrap. Users can wrap ADA, DOGE, XRP, USDT, as well as FEG and many other tokens. A 1% tax is applicable when wrapping or unwrapping cryptocurrencies. 

Currently, there are 10 burn mechanisms in operation, and the FEG team plans to deploy more in order to accelerate the burn and increase the value of the FEG Token.

What is noteworthy about FEG Token?

The FEG Token network and its community also takes on a philanthropic role. At present, as voted for by the FEG community, the platform is one of The Pan African Sanctuary Alliance’s (PASA) main supporters. 100% of the donations from the community go to the organization, as well as $750 matched 1:1 to the FEG Token each month.

Where can you buy FEG?

FEG is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Uniswap and Gate.io.

The price of FEG will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for FEG market price, please view the price charts on this page.