FEG
ShitCoin
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FEG

FEGtoken 2-5 years
Website https://fegtoken.com/
Browser
OTH RELPs
White Paper
Avg Price
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1D

$ 0.00 USD

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7d Vol

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0.00 0.00 FEG

Related information

Issue Time

2021-02-05

Platform pertained to

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Current price

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Volume of Transaction

24h

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0.00FEG

Volume of Transaction

7d

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Change

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Number of Markets

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Current Rate0

Available

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WikiBit Risk Alerts

1
Previous Detection 2024-03-28

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

Historical Price

Introduction

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Aspect Information
Short Name FEG
Full Name Feed Every Gorilla Token
Founded Year 2021
Main Founders Anonymous
Support Exchanges Uniswap, PancakeSwap
Storage Wallet Metamask, Trust Wallet

Overview of FEG

FEG Token, short for Feed Every Gorilla Token, is a cryptocurrency that was founded in 2021 by anonymous founders. The main exchanges supporting FEG Token are Uniswap and PancakeSwap. In terms of storage, FEG Token can be stored in wallets like Metamask and Trust Wallet. The cryptocurrency is decentralized and operates on both the Ethereum and Binance Smart Chain platforms.

overview

Pros and Cons

Pros Cons
Decentralized Anonymity of founders
Operates on both Ethereum and Binance Smart Chain Relies on user adoption
Supported by major exchanges like Uniswap and PancakeSwap Susceptibility to volatile market conditions
Stored in commonly used wallets like Metamask and Trust Wallet Presence of similar tokens in the market

Pros of FEG Token:

1. Decentralized: The FEG Token is built on a decentralized platform. This means it is not controlled by a single authority or government, providing secure and transparent transactions.

2. Operates on both Ethereum and Binance Smart Chain: FEG Token's compatibility with both Ethereum and Binance Smart Chain expands its reach and usability.

3. Supported by major exchanges: The fact that FEG Token is listed on prominent exchanges like Uniswap and PancakeSwap makes it accessible for trading and increases its visibility in the market.

4. Stored in commonly used wallets: Since FEG Token can be stored in widely used wallets like Metamask and Trust Wallet, storing and transacting in this currency becomes easier for its users.

Cons of FEG Token:

1. Anonymity of founders: The creators of FEG Token are anonymous, which might raise trust issues and suspicions concerning the token's future and the team's credibility.

2. Relies on user adoption: Like any other token, FEG Token's success heavily relies on user adoption. If not adopted widely, the token might fail to gain substantial value.

3. Susceptibility to volatile market conditions: As with all cryptocurrencies, FEG Token is susceptible to the volatile market conditions. This could lead to unpredictable rises and falls in its value.

4. Presence of similar tokens in the market: There are numerous other tokens with similar features present in the market, making it difficult for FEG Token to differentiate and establish itself.

website

What Makes FEG Unique?

One of the innovative features of FEG Token lies in its dual blockchain functionality. The cryptocurrency operates on both Ethereum and Binance Smart Chain platforms, which is not a very common case among cryptocurrencies. This dual blockchain approach allows for broad compatibility and reach of the token, potentially leading to enhanced usability and acceptance.

Another distinctive aspect of FEG is its tokenomics, especially its deflationary nature. Each FEG transaction triggers a token burn and redistribution to the token holders, thereby reducing the total supply over time and potentially enhancing the scarcity and value of the token.

However, it's important to note that despite these innovative features, FEG stands among numerous other tokens that possess similar features and a deflationary nature. Hence, it faces significant competition and the challenge to stand out in this highly competitive market. Furthermore, the anonymous nature of its founders may prompt questions about credibility and long-term strategy among potential investors. Lastly, as with any cryptocurrency, FEG's market volatility and dependence on user adoption are prominent risks that need to be carefully considered.

unique

Circulation of FEG

The circulating supply of FEGtoken (FEG) is 100 quadrillion tokens on both Ethereum and Binance Smart Chain. This means that there is a total of 200 quadrillion FEG tokens in circulation.

The price fluctuation of FEG has been very volatile since its launch in March 2021. It reached an all-time high of $0.00005495 on May 13, 2021, and an all-time low of $0.00000003 on January 22, 2023.

There are a number of factors that can affect the circulating supply and price fluctuation of FEG, including:

Demand: The demand for FEG will drive up the price. If more people want to buy FEG than sell it, the price will go up.

Supply: The supply of FEG will drive down the price. If more people want to sell FEG than buy it, the price will go down.

News and events: Any news or events that affect the FEG project or the cryptocurrency market as a whole can affect the price of FEG. For example, in May 2021, the price of FEG surged after it was announced that it would be listed on Coinbase. However, in January 2023, the price of FEG plummeted after it was hacked.

Regulations: Changes in regulations can also affect the price of FEG. For example, if a government cracks down on cryptocurrency trading, the price of FEG could go down.

It is important to note that the cryptocurrency market is volatile, and the price of FEG can fluctuate wildly. Investors should always do their own research before investing in any cryptocurrency.

How Does FEG Work?

FEG Token operates on a deflationary model. This means that with every transaction made using the token, a portion of the transacted amount is removed or 'burned', thereby reducing the total circulating supply of the token. This is done to potentially increase the scarcity and value of the remaining tokens.

The cryptocurrency also adopts a unique 'frictionless' design, which means that each time a FEG Token is transacted, a 1% fee is distributed to all FEG holders and another 1% is burned. This helps to ensure that all holders get a fair distribution of tokens and increases the deflation of the token.

In terms of blockchain platforms, FEG Token operates on both the Ethereum and Binance Smart Chain. Users can choose either platform for their transactions, which provides a degree of flexibility and broadens the token's reach and usability.

FEG Tokens can be acquired on major exchanges such as Uniswap (for Ethereum-based transactions) and PancakeSwap (for transactions on the Binance Smart Chain). Once acquired, FEG Tokens can be stored in popular wallets like Metamask or Trust Wallet.

However, like all cryptocurrencies, the transaction validation and record-keeping for FEG Token is decentralized. It doesn't depend on a central authority but on the consensus of multiple individuals, which ensures security and transparency but also means that transactions are irreversible.

Overall, while FEG Token's working model and principles incorporate interesting features like dual blockchain functionality and deflationary character, they also involve the typical challenges and uncertainties associated with cryptocurrencies.

Exchanges to Buy FEG

1. Uniswap: Uniswap is a widely used decentralized trading platform that supports FEG. The main trading pairs are FEG/ETH and FEG/WETH (Wrapped ETH).

2. PancakeSwap: This is a decentralized exchange that runs on the Binance Smart Chain network. It primarily supports the trading pair FEG/BNB.

3. 1inch: This decentralized exchange also lists FEG, providing pairs such as FEG/ETH.

4. BKEX: This centralized exchange offers FEG trading. The available trading pair on this platform is FEG/USDT.

5. Bilaxy: A multi-cryptocurrency exchange that has listed FEG Token. The primary trading pair for FEG here is FEG/ETH.

6. Hotbit: Hotbit is a digital asset exchange platform offering FEG trading support. The supported trading pairs include FEG/USDT.

7. CoinW: This is another digital asset exchange platform that enumerates FEG, primarily with the FEG/USDT pair.

8. XT.COM: This comprehensive digital asset trading platform supports FEG trading with FEG/USDT pairing.

9. CoinTiger: A digital assets exchange which features FEG tokens. FEG trading pairs include FEG/USDT.

10. ZT Global: It is a trading platform that provides FEG trading, mainly with FEG/USDT pairs.

Please always verify and possibly consult with an expert before making any transactions in these exchanges to avoid issues and losses.

exchanges

How to Store FEG?

FEG Tokens can be stored in digital wallets that support ERC-20 (for Ethereum variant) and BEP-20 (for Binance Smart Chain variant) tokens.

1. Metamask: This is a web3 wallet which can be added to your browser as an extension. It supports ERC-20 tokens, so it can be used to store the Ethereum variant of FEG tokens.

2. Trust Wallet: This is a mobile wallet that supports both ERC-20 and BEP-20 tokens. Therefore, it can be used to store both Ethereum and Binance Smart Chain variants of FEG tokens.

3. WalletConnect: This is an open protocol for connecting dApps to mobile wallets with QR code scanning. It also supports the storage of ERC-20 and BEP-20 tokens like FEG.

4. Binance Chain Wallet: This wallet allows you to manage your tokens on Binance Smart Chain, and can thus be used to store the Binance Smart Chain variant of FEG.

In general, remember to maintain the security of your digital wallets. Protect your private keys, and use two-factor authentication when available. Also, be wary of phishing scams that attempt to steal your wallet information and tokens. Always double-check URLs and use official websites and wallet applications to interact with your tokens.

Should You Buy FEG?

Purchasing FEG Token might be suitable for individuals who have an understanding of cryptocurrency markets and the associated risks, especially those who are familiar with altcoins and deflationary tokens. FEG Token, like other cryptocurrencies, is subjected to market volatility and the price can be affected by numerous factors, including the overall sentiment in the cryptocurrency market, demand and supply, regulatory news, technological developments, and macroeconomic trends.

Here are some professional advices for those considering buying FEG Token:

1. Understanding Cryptocurrency: Beginner investors should first familiarize themselves with how cryptocurrency markets work. This includes understanding terms such as blockchain, deflationary tokens, decentralization etc. Investing in offerings like FEG without a strong foundational knowledge can lead to making uninformed decisions.

2. Thorough Research: Individuals should thoroughly research FEG Token before investing. This includes reading its whitepaper, understanding its tokenomics, use case, and the roadmap. It is also advisable to keep an eye on news and trends within the blockchain and cryptocurrency industry.

3. Investment Risk and Management: Cryptocurrencies, including FEG, are subject to high market risk and price volatility. Therefore, potential investors should only invest an amount that they can afford to lose.

4. Wallet and Transaction Security: If one decides to invest, it's crucial to keep the FEG tokens in a secure wallet and follow best practices to maintain the safety of the wallet.

5. Legal and Regulatory Compliance: Depending on the jurisdiction, rules and regulations about investing and trading cryptocurrencies can vary. Its important to understand any legal obligations before purchasing FEG or any other cryptocurrencies.

Finally, due to the anonymity of the founders and the generally unregulated nature of the crypto market, potential FEG investors should exercise extra caution and possibly consult with a financial advisor before making investment decisions.

Conclusion

FEG Token, fully known as Feed Every Gorilla Token, is an altcoin with a deflationary nature that operates on both the Ethereum and Binance Smart Chain platforms. This dual functionality extends its reach and potential usability, supporting its visibility in the market. However, success in terms of appreciation or profitability largely depends on user adoption and market dynamics.

Given its unique deflationary model where tokens are burned with each transaction, theoretically, as the supply decreases, the value could increase if demand stays stable or rises. However, this is merely a theoretical aspect and actual value appreciation can be influenced by numerous other factors, including overall market sentiment, competition, regulatory developments, and technological advancements.

Furthermore, the token faces substantial competition from similar tokens, a factor that might restrain its development prospects. Additionally, the anonymity of the token's founders can be seen as a setback, as it might prompt credibility concerns.

So, while FEG Token showcases certain unique and innovative characteristics, whether it could provide monetary gains or appreciate in value remains uncertain and would largely hinge on how the general market and the specific demand for this token evolve. Considering the speculative and volatile nature of cryptocurrencies, potential investors should carefully evaluate all possible risks and conduct thorough research before considering investment in FEG Token or similar cryptocurrencies.

FAQs

Q: Which exchanges allow for trading FEG Token?

A: Prominent exchanges for trading FEG Token include Uniswap and PancakeSwap.

Q: How does FEG differentiate itself from other cryptocurrencies?

A: FEG Token differentiates itself by operating on both Ethereum and Binance Smart Chain platforms and adopting a deflationary model.

Q: What are some potential drawbacks of FEG Token?

A: Potential drawbacks of FEG Token include the anonymity of its founders and high market volatility.

Q: How does FEG Token's deflationary model work?

A: FEG Token's deflationary model reduces the total supply with each transaction by burning a portion of the tokens, aiming to enhance their scarcity and value over time.

Q: How can I store FEG Tokens?

A: You can store FEG Tokens in digital wallets like Metamask and Trust Wallet that support ERC-20 or BEP-20 tokens.

Q: Who is the ideal investor for FEG Tokens?

A: Ideal investors for FEG Token are those who have a good understanding of cryptocurrency markets and are familiar with the risks associated with altcoins and deflationary tokens.

Q: What considerations should I have before investing in FEG Token?

A: Before investing in FEG Token, it's recommended to understand the cryptocurrency market, conduct extensive research on the token, assess your risk tolerance, ensure transaction security, and understand your legal obligations.

Q: Does FEG Token offer promising development prospects and significant potential for appreciation?

A: While FEG Token offers certain innovative features such as dual blockchain functionality and a deflationary model, its development prospects and potential for appreciation are uncertain and they highly depend on various factors including market dynamics, user adoption, and competition among others.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

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BIT6874856120
FEGit is a scam project, developed by chinese people, with foreigners showing their faces for marketing. the total circulation is 200,000 t, and each chain is 100,000 t. no practical products have been developed in version 1.0. , self-directed and self-acted hacking incident, embezzled another token rox, 30 million us dollars, and has not compensated investors so far, this loss is borne by investors personally, this project party, has no capital background, no technology, all rely on pyramid schemes fraud, issued at that time, i went to many exchanges. because of non-compliance with the review, additional issuance rights, and code loopholes, i was taken off the shelves by major platforms in seconds. because 1.0 can no longer be deceived, i began to dream of 2.0 and bragged about the technology. in fact, it is a simple k-line interface is full of false propaganda. all the rebranding of 2.0 is for the purpose of whitewashing the fraudulent behavior of 1.0. this coin can be issued indefinitely, and you will lose at any cost. keep your eyes open [d83d] ][dc40]
2022-11-02 14:32
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AAA 焦科鑫
MXC was removed after launching an hour. Unable to transfer the coin to ZhiMaKaiMen exchange
2021-05-20 20:43
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FX3788128810
feg is my future
2022-11-06 07:09
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