Statistics date ( Nov 22 2021 - Nov 28 2021 ) System time: 01/01/2000 00:00:00 Pacific Time Zone
Launch Date :
📣Jan 29 2021
The main idea behind FEG is to provide a decentralized transaction network which operates on the Ethereum blockchain and the Binance smart chain (BSC). The path forward for FEG is determined by market fluctuations, but the model it runs on begs FEG to succeed.
FEG is a deflationary token with a max circulating supply of 100 Quadrillion. On each transaction, a tax of 1% will be distributed to the holders and a further 1% will be burnt, hence incentivizing holders to hodl and decreasing the supply overtime. As the supply decreases, the scarcity of the token increases. This inversely-proportional relationship constitutes a supply and demand model. Furthermore, there is no limit as to how many tokens can be burnt. Without a burning limit you know what happens next.