What is FEG token (FEG) | What is FEG token

What is FEG token (FEG) | What is FEG token

The main idea behind FEG is to provide a decentralized transaction network which operates on the Ethereum blockchain. The path forward for FEG is determined by market fluctuations, but the model it runs on begs FEG to succeed. FEG is a deflationary token with a max circulating supply of 100 Quadrilion. On each transaction, a tax of 1% will be distributed to the holders and a further 1% will be burnt, hence incentivizing holders to hodl and decreasing the supply overtime. As the supply decreases, the scarcity of the token increases. This inversely-proportional relationship constitutes a supply and demand model. Furthermore, there is no limit as to how many tokens can be burnt. Without a burning limit you know what happens next. What is FEGtoken (FEG) | What is FEG token (FEG)

FEG is an EXPERIMENTAL progressive deflationary DeFi token built to succeed

The main idea behind FEG is to provide a decentralized transaction network which operates on the Ethereum blockchain. The path forward for FEG is determined by market fluctuations, but the model it runs on begs FEG to succeed.

FEG is a deflationary token with a max circulating supply of 100 Quadrilion. On each transaction, a tax of 1% will be distributed to the holders and a further 1% will be burnt, hence incentivizing holders to hodl and decreasing the supply overtime. As the supply decreases, the scarcity of the token increases. This inversely-proportional relationship constitutes a supply and demand model. Furthermore, there is no limit as to how many tokens can be burnt. Without a burning limit you know what happens next.

FEG ECOSYSTEM

DECENTRALISED

FEG is fully decentralised, there is no one main owner of the token. All decisions are made in the communities favor.

BURN RATE

Each transaction triggers a burn rate of 1%, which decreases the supply of FEG overtime.

REWARDS

FEG rewards its holders with a 1% tax on each transaction to punish weak hands.

FURTHER DEVELOPMENT

FEG is planned to advance further into the crypto space by releasing innovative products which will ensure the sustainability of the token.

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