Through FEG SmartDeFi Deployer, other projects will get to create crypto tokens that will be asset-backed. SmartDeFi - Fully Audited LaunchpadĪccording to " ," SmartDeFi will be a fully audited launchpad allowing anyone to create a cryptocurrency. Looking at the above roadmap, you can expect FEG staking to be released in the second quarter of 2023. According to the FEG team, the new token has improved tokenomics that align with the new project's needs. So, a core functionality of FEG SmartDeFi is the staking feature of the FEG token. The FEG team wants to ensure this token is utilized for asset-backing and interest-free lending. The idea behind the new FEG crypto token was to create one unified token with increased utility. As for the expected timelines for when to expect these features, have a look at the FEG crypto roadmap: FEG SmartDeFi - The New FEG Token and Staking You can find more details about the three main features in the following subsections. FEG SmartDeFi (new token is already live, staking not yet).The latter is eventually supposed to include the following: The project invites users to trade crypto assets using the FTW non-custodial, peer-to-peer (P2P), limit-order platform.īy trading crypto assets with FTW, FEG Token claims that users will be able to earn passive income with their asset-backed governance token.įurthermore, the project uses its new website to indicate the evolution of the FEG ecosystem. The FEG Token project's new website states that its goal is to build an ecosystem and passive income around a governance token. In case you got some old FEG tokens and want to migrate, you need to visit " " and launch the project's migration tool: However, the project's socials and the team behind it are the same. This migration affected this project's tokenomics, and we might as well treat it as a new project.
As such, in March 2023, this project was not only rebranded, but the FEG token also migrated to a new smart contract. This rebranding is more of a "second shot" for the FEG team. As a response to that exploit, the FEG team pledged to assist the affected projects. That exchange suffered from an exploit, which resulted in a complete loss of LP funds. It's also worth pointing out that the "old" project (before rebranding) created FEGex (exchange). Now, without further ado, let's dive into the main topic of this article by exploring FEG Token! What is FEG Token?įEG Token is a rebranding of the existing DeFi project "Feed Every Gorilla" (FEG), launched in 2021.
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