FEG Token

$FEG

Binance Smart Chain:

0xacfc95585d80ab62f67a14c566c1b7a49fe91167

Ethereum:

0x389999216860AB8E0175387A0c90E5c52522C945

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Price

$0.0000000006056080137

Market cap

$30,864,661

Launch date

January 29, 2021

The main idea behind FEG is to provide a decentralized transaction network which operates on the Ethereum blockchain and the Binance smart chain (BSC). 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 Quadrillion. 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.

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