FEG Token [NEW]

We’re excited to present a recap of an AMA session with the FEG team on April 13, 2023, featuring RTRCrypto, a Global Project Manager of FEG. In this summary, we will highlight some of the most interesting points discussed during the session.Part 1: Opening (A brief introduction of ourselves)Moderator: Hey everyone! Welcome to our AMA with the FEG team. We’re excited to have you all here today! Our mission is to provide the best trading platform for our users by partnering with top blockchain projects. And we couldn’t have done it without the help of RTRcrypto, the head of marketing for FEG.So, without further ado, let me introduce RTRcrypto! Hey RTRcrypto, glad to have you here. Please tell us a bit about yourself and give us a brief overview of FEG. We can’t wait to hear more about it!RTRcrypto: I am RTRcrypto, the Global Project Manager for FEG Token, I work to make sure that all departments are coordinated, assist with strategy, and help to oversee all of our Regional groups around the world as FEG is a global project.<h2 id="header-0">FEG Token is the<a href="https://docs.fegtoken.com/smartdefi/smartdefi-tm/asset-backing" rel="noopener noreferrer nofollow"> Asset-Backed</a> &amp; Passive Income earning Governance token of its fully Decentralized ecosystem, operating on the Ethereum blockchain (ERC-20) &amp; Binance Smart Chain (BEP-20) and launched from our fully audited SmartDeFi ™ token launchpad!</h2>Moderator: Thanks for mentioning that! If anyone wants to learn more about FEG, check out their official site at www.fegtoken.com or you can also join their Telegram group, just search: <a href="https://t.me/FEGchat" rel="noopener noreferrer nofollow">FEGchat</a>. They’ve got an incredible community to chat with. Don’t miss out on the fun!Part 2: BYDFi with FEGModerator: Let’s get this AMA started! Ask away and RTRcrypto, the head of marketing for FEG, will answer your questions about the project and its latest developments.Q1. Please give us a brief overview of what FEG is and what problem it aims to solve in the cryptocurrency space.RTRcrypto: We plan to bring Decentralization to the user, allowing them the freedom to trade their funds P2P without an intermediary, we will promote Decentralized trading through the use of an Aggregator that routes trading for the lowest market price, and we will promote the ease of token creation in the DeFi space with our fully audited SmartDeFi token launchpad.Moderator: Got it! Thanks for sharing that with us, RTRcrypto. It’s exciting to hear about FEG’s missions, as well as improve the decentralized finance, and make token creation more accessible in the DeFi space. I’m sure our audience is eager to learn more. Okay, let’s dive into the next question and keep learning about FEG — the next question.Q2. What are the core values and principles that guide FEG’s mission and vision?RTRcrypto: We run the FEG project with openness, transparency, and unity.Moderator: Thanks for that insightful answer, RTRcrypto! Yes, we can’t It’s always great to hear about a project that values openness, transparency, and unity, as these are essential principles that can help build trust and create a strong community. Now, let’s move on to the next question!Q3. What’s your suggestion for people if they want to start buying FEG coins?RTRcrypto: We recommend like any investment, do your research. We have a very detailed gitbook with all of the information that one would need to learn about FEG token. We also have a 24/7 text and Voice Chat in our Telegram that is monitored by our Team.Moderator: Great answer! Research is always important before investing. Check out their resources and chat with their team to make informed decisions. Now, let’s move on to the next question!Q4. Can you explain what SmartDeFi is and how it differs from traditional DeFi? And How does SmartDeFi benefit users and investors in the FEG ecosystem?RTRcrypto: SmartDeFi ™ is a fully-audited token launchpad that allows project creators the ability to mint, presale, launch, and build their staking protocol with the click of a few buttons! SmartDeFi ™ provides the option of an ever-rising baseline value, SmartLending interest-free loans, RFI vs. non-RFI token structure, several trading tax options, and more!SmartDeFi, just like the rest of the FEG ecosystem has a small operating fee that will feed the tokenomic structure in place for FEG token, this includes LP injection, Asset-Backing, Growth Fund, &amp; Staking.Moderator: Thanks for the detailed explanation, RTRcrypto! Now I understand that SmartDeFi sounds amazing with its unique features and benefits for project creators, investors, and users. It’s easily audited and safe for minting, presale, launching, and building staking protocols. SmartDeFi also offers several trading tax options and interest-free loans. It’s designed to benefit users and investors in the FEG ecosystem. Let’s move on to the next question!Q5. How does FEG plan to continue evolving and innovating in the SmartDeFi space in the future?RTRcrypto: Beginning on the Ethereum blockchain (ERC-20) &amp; Binance Smart Chain (BEP-20), our team plans to expand our platforms, such as FTW, Aggregator, &amp; SmartDeFi ™, to several EVM-based (compatible) blockchains.Once the platforms are trading on other chains, the fees generated will be converted to native ETH &amp; BNB and distributed amongst the various areas of the ecosystem, including Staking Rewards!Moderator: That’s a great answers! It’s exciting to hear about FEG’s plans for expansion and innovation in the SmartDeFi space. Thanks for sharing, RTRcrypto! Let’s move on to the next question.Q6. Are there any upcoming partnerships or collaborations that FEG has planned in the Smart DeFi space?RTRcrypto: There are projects that have already come forward showing interest in the SmartDeFi launchpad and bringing their projects forward from it! We are also in constant discussion with various platforms about collaboration. Though it is important to mention that each project that launches from SmartDeFi is independent and not run by FEG token, they have all of the options and flexibilities of a regularly launched token but with all of the benefits of SmartDeFi.Moderator: That’s very exciting to hear, RTRcrypto. It’s great to see that other projects have shown interest in the SmartDeFi launchpad and that FEG is open to collaboration with various platforms. It’s important to note that each project that launches from SmartDeFi is independent, providing them with the flexibility of a regularly launched token but with all the benefits of SmartDeFi. Thank you for sharing that with us. Let’s move on to the next question.Q7. How does FEG prioritize security and protect users’ assets in the DeFi space?RTRcrypto: All token contracts in the FEG ecosystem that investors may use are going through a 3rd party audit. SmartDeFi was audited by PeckShield as well as the currently functional Migration tool as we recently underwent a migration to the SmartDeFi Technology for FEG Token.Moderator: Thank you for that insight, RTRcrypto! It’s great to hear that FEG takes security seriously and ensures that all token contracts in the ecosystem are audited by a third party. This level of security and protection is crucial in the DeFi space, and it’s great to see FEG prioritizing it.Part 3: Community Questions (7 questions, &#64; $25 FEG)1. what are FEG’s steps to minimize FUD news about FEG, how can FEG prevent it? (&#64;Icandepa2609)RTRCrypto: You know, having been in this space for years now, I can tell you that there’s no way to minimize flood news about any project, and there’s really no way to prevent it either. One of the things about being in the decentralized finance space is that you don’t want an overseeing body controlling the things that are said and done. So we believe in freedom of opinion and speech, and the only thing we’ll do is come back and speak to you to correct the things that you’re saying or explain situations.We’ll never tell you that you can’t say these things, but we definitely want to make you aware of the correct way to view it. Going full circle on this, as I said, you can’t minimize fun news, and you can’t prevent it. People are going to say whatever they like to say, and they have the right to do so. We’ll just do our best to make everybody happy. But like I mentioned in the beginning, you can never make everybody happy. So we’ll just do our best to keep doing what we’re doing in the right way, with pure intent, and building platforms and services that offer unique utility in the safest and most secure way possible. And we’ll go from there.2. What are the benefits of holding FEG token as long term investment? (&#64;kinkyrikk)RTRCrypto: I don’t want to give financial advice, but in my opinion, there are benefits to holding FEG token as a long-term investment because the entire ecosystem revolves around FEG token as the governance and will feed the FEG token ecosystem. Every platform that FEG builds, outside of the aggregator, will have a fee for use. For example, FCW has a transaction fee and a monthly subscription fee, and Smart DeF has a small protocol fee for every project that launches from it. We also have Bitmark, a centralized exchange, working with FEG tokenomics, and we will take the funds from listings and inject them into FEG tokenomics.We plan to expand all of our platforms to multiple EBM blockchains, taking fees from other blockchains that FEG does not run on and converting them into native Ethereum and Binance Coin. We will use these fees to reward FEG token holders and to feed the ecosystem for growth and innovation. We have a full-stack team that builds everything in-house and have been around for two years. We’ve been battle-tested and have the experience to weather the ups and downs of the space. We believe we have what it takes to last the test of time.If you’re looking for a project that offers trust, transparency, innovation, and utility, then FEG token is worth considering. Do your research, ask us questions, and we hope you join the FEG family.3. What do you think about the market for now? Will it Affect your project? (&#64;Risssssssssss)RTRCrypto: I believe that there are social and market factors in the traditional finance realm that affect the market, and we know that the entire crypto market, including Bitcoin, is influenced by it. Cryptocurrency is more volatile than traditional finance, and it would be naive to say that these factors don’t impact FEG token. However, I also know that as we build out our ecosystem, the structure and strength of it will prevent a lot of market volatility from affecting FEG token.Moreover, we have the Smart DeFi ecosystem with the utility of asset backing, which ensures the safety and security of ETH and BNB backing the token. As we increase the minimum value of FEG token, it reduces market volatility as it continues to rise over time. FEG token will always have a minimum value because it’s backed by ETH and BNB, and this price will continually increase, mitigating risks in the long run.We’re also building an ecosystem that will fight against the market, and we’ve survived this bear market by continuing to innovate and build. As we launch our non-custodial peer-to-peer trading platform and aggregator alongside Smart Defy technology, we’ll inspire other projects on multiple blockchains to launch their tokens from the Smart Defy Launchpad. Over the coming months, you’ll see just how strong FEG token is and the strength of Smart DeFi technology.4. What strategy will you implement to bring non-crypto-natives into your ecosystem? How do you keep a balance between developing the technology and also improving the value of your token? (&#64;Alika061)RTRCrypto: We’re working on getting listed and talking to another platform with Fiat on ramps. Our design team did a great job rebranding and we’re pushing the utility of our token. We won an award for best DeFi technology at the Dubai Crypto Expo and we’re sponsoring the Moving Pie event in Hong Kong. We balance technology development with token value by driving utility and use case. Our asset-backed technology brings actual value to the token. We’re focused on developing and growing the ecosystem.5. what is your key to maintain the project and keep your community solid? (&#64;selsjr)RTRCrypto: We realized that engagement is key. Being face-to-face with investors and the community, and being completely available to them is crucial. My DMs are open all day, every day. I and other team members make sure to answer everyone. Our team is made up of volunteers from the community who share a passion for the project. This has allowed us to build a global team in Telegram with over 100,000 users, as well as regional teams in 35&#43; countries. Our goal is to bring these platforms and utilities to the forefront of the space and to pave the way for a new era of decentralized financial trading. As we bring unique tools and features to projects at no cost but a small protocol fee, we look forward to breaking these platforms on multiple blockchains and seeing how they grow. The security features within our smart DeFi launchpad technology are what make us unique and dominant in the market.6. what are the advantages of smartdefi FEG with other competitors that they don’t have (&#64;puguhng85)RTRCrypto: Smart DeFi is unique not only because it’s a fully audited Launchpad that allows you to launch your token, but also because it has a probability system. We plan to deploy the Launchpad itself for other projects to use and will have an internal presale system where you can launch your token, host the presale, and have a number of security functions that allow you to create a development portion of the DApp. There are a number of features that create safety and security for the user, including a lock for liquidity initially, so the project creator cannot run off with the tokens. We have put a lot of effort into designing the UI/UX, making it easier for users to navigate and understand. Our platform offers a non-custodial peer-to-peer transfer, which is fantastic because there is no intermediate area blocking that and it’s a fantastic safety feature. We’re doing our best to improve the small things, but it’s the small things that make the whole thing.7. How does the FEG token plan to differentiate itself from other governance tokens and attract new users to its ecosystem? (&#64;Yonom2021)RTRCrypto: It sounds like the FED token is a crucial part of the Smart DeFi ecosystem, as it not only serves as the governance token for on-chain voting but also allows holders to stake and receive rewards from the fees generated across all the platforms within the ecosystem. Additionally, fees generated from the peer-to-peer limit order trading platform and the Smart Launchpad technology also contribute to the stability of the project’s liquidity and rewards for FED token holders. Overall, it seems that the FED token plays a central role in the Smart DeFi ecosystem and provides a unique value proposition for its holders.Part 4: ClosingAnd that’s a wrap for our AMA session with the FEG team. Thank you all for joining us today and for sharing your insights on Smart DeFi and the FEG ecosystem. Before we sign off, let’s quickly summarize some of the key points we discussed today.Throughout the session, we learned about FEG’s mission to promote decentralization and P2P trading while also making token creation more accessible in the DeFi space. We heard from RTRcrypto about FEG’s core values and principles, their recommendations for people interested in buying FEG coins, and their innovative SmartDeFi technology. We also learned about FEG’s plans to continue evolving and expanding across various blockchains while prioritizing security and third-party audits to protect users’ assets.Once again, thank you to the FEG team for joining us today, and thank you to our audience for tuning in. If you want to learn more about FEG and Smart DeFi, be sure to check out their website and social media channels. Have a great day, everyone!Click<a href="https://techbullion.com/how-to-buy-crypto-in-us-step-by-step-guide/" rel="noopener noreferrer nofollow"> here</a> to start trading $FEG on BYDFiLet us BUIDL Your Dream Finance in BYDFi!BYDFi Exchange — <a href="https://www.bydfi.com/" rel="noopener noreferrer nofollow">https://www.bydfi.com</a>Business Request — bd&#64;bydfi.comMedia Request — media&#64;bydfi.comBYDFi Telegram CommunitiesBYDFi News &amp; Events — <a href="https://t.me/BYDFiNews" rel="noopener noreferrer nofollow">https://t.me/BYDFiNews</a>English — <a href="https://t.me/BYDFiEnglish" rel="noopener noreferrer nofollow">https://t.me/BYDFiEnglish</a>Vietnamese -<a href="https://t.me/BYDFiVietnamChat" rel="noopener noreferrer nofollow">https://t.me/BYDFiVietnamChat</a>Indonesian — <a href="https://t.me/BYDFiIndonesia" rel="noopener noreferrer nofollow">https://t.me/BYDFiIndonesia</a>Philippines — <a href="https://t.me/BYDFiFilipino" rel="noopener noreferrer nofollow">https://t.me/BYDFiFilipino</a>BYDFi Official Social MediaTwitter — <a href="https://twitter.com/BYDFi" rel="noopener noreferrer nofollow">https://twitter.com/BYDFi</a>Facebook — <a href="https://www.facebook.com/BYDFi" rel="noopener noreferrer nofollow">https://www.facebook.com/BYDFi</a>Medium — <a href="https://medium.com/&#64;BYDFi" rel="noopener noreferrer nofollow">https://medium.com/&#64;BYDFi</a>

BYDFi x FEG AMA Recap (2023/04/13)

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