What is FEG?

‍Feed Every Gorilla (FEG) announced a new roadmap July 11 detailing plans for the Decentralized Exchange (DEX) for the next nine months.

Built to redesign the structure of Decentralized Finance (DeFi), the FEG Ecosystem comprises the FEG Exchange (FEGex) and SmartDeFi, according to its whitepaper. The FEG token is a hyper-deflationary governance token within the FEG ecosystem.

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Outlook Through Q1 2023

Let’s take a look at some of the things you should expect from the project, according to its new roadmap:

Q3 2022

• Updated FEGtrack: FEGtrack is a tool within the FEG ecosystem that allows users to track their investments on the platform. With the new upgrades, users of the FEGtracker now have access to FEG balance and rewards, enhanced charting visuals, live transactions, and 24hr volume data.
• Redeem staking rewards: Before the end of September, FEG plans to update and audit its current smart contract to allow its users to redeem staking rewards.
• New token contract: FEG plans to develop a new unified SmartDefi 2.0 token (SD 2.0). The objective of the new token is to allow the project to focus on just one token instead of multiple tokens across multiple chains.

Q4 2022

• FWT Technology Launch: Known as “From the Wallet,” the FTW is a parallel asset waiver technology that will facilitate peer-to-peer buying and selling of crypto assets without an exchange. 
• Launch of an Aggregator: FEG intends to launch a custom aggregator which will pull data from multiple DEXes to help users make better price decisions. 
• Launch of the SD 2.0 token: Following the development of the SD 2.0 token in Q3, the token will be launched and be sent off for migration before the end of the year.

Q1 2023

In the coming year, FEG intends to release its FTW technology on Avalanche, Fantom and Polygon. It also wants to explore listing its FEG token on popular centralized exchanges. 

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What is Feed Every Gorilla:

FEG explains the main idea behind its token is to provide a decentralized transaction network that operates on the Ethereum and BNB Chains. A hyper-deflationary token, FEG has a maximum circulating supply of 100 quadrillions on both the chains above, including 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 is keen to stress that there is no burn limit, and with this being the case, users will enjoy a ‘never-ending cycle of passive income with positive price pressure.

Where to Find FEG:

Website | Twitter | Telegram 

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