FEG Rebrands After Community Vote to Ditch Gorilla Logo
FEG rebrands to appeal to broader audience with streamlined logo set and brighter colors. Almost the entire community voted to lose the gorilla.
A major FEG rebrand is underway after an on-chain community vote in late September resulted in overwhelming support for switching the gorilla logo out for a simplified icon-oriented logo set designed to appeal to a broader audience.
We took the rebranding and logo design very seriously. After spending months on branding exercises, we decided to stick with the FEED EVERY GORILLA name and bring the logo options to the community,” RTRcrypto, Global Project Manager of FEG, told BSC News. “Being a community project, we're all members of the community and look to embrace that as we choose directions for the future.”
The rebranding vote was between three options:
1. Sticking with the existing logo and colors.
2. Keeping the gorilla mascot in the logo but moving to a more refined, simplified version of it, along with new, brighter colors.
3. A more professional icon set where each component of the FEG ecosystem gets its own logo and color scheme.
Votes were heavily in favor of Option 3, with nearly 99% of votes cast for it, close to 1% cast for Option 2, and almost no votes cast for keeping the existing branding, Option 1.
“After a lot of discussion, it was clear to the team and community that we'd like to portray ourselves as a more serious DeFi technology project,” said RTRcrypto. “The FEG Team is very excited to move forward with the rebranding and looking forward to how it will be received by current and future investors.”
The FEG team is currently updating the project’s website, promotional materials, and apps with the new branding.
Meanwhile, recent FEG community updates have revealed that the merger of the FEG and ROX tokens is still on pace to be completed by the end of the year.
“Migration has NOT begun (as per roadmap: docs.fegtoken.com/roadmap it will be during this quarter, Q4 of 2022),” according to a Telegram update. “DO NOT fall for fake token Migrations apps, TG groups, or websites!”
The Smart DeFi contract underpinning the FEG ecosystem has been completed already and is currently undergoing internal testing before being audited by year’s end, while the Tracking Token Swap app for staking is also complete and live. Other major components of the ecosystem are in varying degrees of completion and each will be audited by a third party to mitigate security risks prior to launch.
What Is FEG (Feed Every Gorilla):
FEG explains the main idea behind its token is to provide a decentralized transaction network which operates on the Ethereum blockchain and the BNB Chain. A hyper-deflationary token, FEG has a maximum circulating supply of 100 quadrillion on both the aforementioned chains, that also includes an inaccessible burn wallet. A 2% transaction tax is distributed among all holders based on the percentage of ownership, including the burn wallet which acts as a holder that collects tokens over a period in which transactions occur. The team are keen to stress that there is no burn limit, and with this being the case users will get to enjoy a “never-ending cycle of passive income with positive price pressure.”
Where to Find FEG:
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Author
Related News
Binance Executive Tigran Gambaryan Sues Nigeria's NSA and EFCC
The lawsuit reflects escalating tensions amidst allegations of innocence and regulatory scrutiny surrounding Binance Nigeria's alleged involvement in illicit financial activities.
The detained executive of Binance, Mr. Tigran Gambaryan, has taken legal action against Nigeria's National Security Adviser (NSA) Nuhu Ribadu, and the Economic and Financial Crimes Commission (EFCC).
Gambaryan, along with the firm's Africa Regional Manager, Mr. Nadeem Anjarwalla, filed a fundamental human rights violation suit amidst ongoing legal turmoil.
Gambaryan's legal challenge, initiated alongside his lawyer Mr. Olujoke Aliyu, aims to address his prolonged detention by the federal government. The suit, presented before Justice Inyang Ekwo of the Federal High Court in Abuja, challenges the legality of Gambaryan's continued confinement and the seizure of his international travel passport.
Gambaryan, a US citizen overseeing financial crime compliance at Binance, contends that his detention and passport seizure violates Section 35 (1) and (4) of Nigeria's 1999 Constitution. His legal team seeks various reliefs, including his release from custody, the return of his passport, a public apology from the NSA and EFCC, and an injunction against future investigations.
Allegations of Innocence Amidst Legal Turmoil
Gambaryan and his colleague's legal representatives maintain their innocence, claiming that the arrests occurred during discussions with Nigerian authorities regarding legal conflicts involving Binance.
In a dramatic turn of events, Binance's African regional manager, Nadeem Anjarwalla, recently fled Nigerian custody. Anjarwalla's escape follows mounting tensions surrounding the Nigerian authorities' investigation into alleged illicit financial activities involving Binance Nigeria, totaling a staggering $26 billion.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Follow us on Twitter and Instagram!
If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
Author
Try Now!
Sign up Now
Coming Soon
WIN BIG
Coming Soon
Start Earning Today!
Earn Now
Coming Soon
Sign Up Now
Play & Mine!
Coming Soon
Editors Choice
Other Currencies
- nameLTBuyLitecoin
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyEOS
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyMonero
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0% - nameLTBuyBitcoin Cash
Sponsored
Buy Crypto with Fees as low as 0%
Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
£0£0+0%