FEG Token [OLD] prijs 

FEG

FEG provides a quite elaborate ecosystem with different decentralized finance items. Its FEG Exchange is an all-in-one exchange on Ethereum and Binance Smart Chain, with a bridge that makes cross-chain swaps possible. The FEG token can be traded on both chains. It also features SmartSwap contracts, an internal liquidity system where trades are not subject to the 2% tax. All sells on FEG Exchange are subject to a 0.08% fee that funds a cashback program.

FEGstake is the ecosystem’s staking program that rewards stakers with 0.12% of the dollar value of all sell transactions on the exchange in the form of wrapped tokens like fBNB and fETH. Stakers are not subject to impermanent loss and only pay the regular 2% transaction tax for staking and unstaking. Holders can also provide FEG as liquidity and receive rewards in fBNB or fETH. Liquidity providers receive 0.2% of all sells on the pair they provide liquidity for. Traders can also wrap other cryptocurrencies for a 1% tax and receive automatic rewards if someone provides liquidity for that pair.

The SmartSwap feature offers traders the possibility to trade without the 2% tax, as long as its within the internal balance of SmartSwap. Any wrapped tokens are subject to a 1% fee, but gas fees within SmartSwap have been reduced to up to 40%.

SmartDeFi offers users a possibility to build a UI for tokens they want to generate, with an underlying asset providing the backing for it. Users can then trade between the underlying asset and the wrapped tokens like fBNB or fETH. FEG also provides a lending protocol called SmartLend, allowing users to borrow against their crypto collateral.

FEG Token is both an ERC-20 token on Ethereum and a BEP-20 token on Binance Smart Chain.

ERC-20 is a token standard most new tokens follow when publishing on the Ethereum blockchain. Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications. Its proof-of-work consensus mechanism requires miners to mine new Ether and ensures that Ethereum is one of the safest blockchains in the crypto industry. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible.

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