Alexander Solomin

What Is FEG Token (FEG)?

FEG offers an entire ecosystem built with a focus on reshaping and evolving how decentralized finance works. It includes a FEG Exchange for swapping, staking and providing liquidity to tokens, as well as fWraps, which enable users to wrap another cryptocurrency like ADA, DOGE, or XRP and receive rewards. Moreover, it offers FEGtrack, a mobile and web app enabling users to track their FEG rewards. FEG also introduces Smart DeFi, which it calls “the latest innovation.” According to FEG, it makes decentralized finance more secure, efficient and provides better returns by removing the need for liquidity pools.

FEG stands for Feed Every Gorilla, and FEG has Pan African Sanctuary Alliance (PASA) as a charity partner. It matches the first $750 in donations by the community each month.

Who Are the Founders of FEG Token?

FEG was created by FEGrox, the project’s pseudonymous lead developer. FEGRox has a quite active Twitter account with over 20,000 followers and describes himself on his website as “a mysterious and highly trusted blockchain expert with countless years of experience, whose works are helping evolve the decentralized finance (DeFi) infrastructure.” He claims to work exclusively on FEG and dedicates “100% of [...] time and focus is on making FEG Token the face of DeFi!”

What Makes FEG Token Unique?

FEG provides a quite elaborate ecosystem with different decentralized finance items. Its FEG Exchange is an all-in-one exchange on Ethereum and Binance Smart Chain, with a bridge that makes cross-chain swaps possible. The FEG token can be traded on both chains. It also features SmartSwap contracts, an internal liquidity system where trades are not subject to the 2% tax. All sells on FEG Exchange are subject to a 0.08% fee that funds a cashback program.

FEGstake is the ecosystem’s staking program that rewards stakers with 0.12% of the dollar value of all sell transactions on the exchange in the form of wrapped tokens like fBNB and fETH. Stakers are not subject to impermanent loss and only pay the regular 2% transaction tax for staking and unstaking. Holders can also provide FEG as liquidity and receive rewards in fBNB or fETH. Liquidity providers receive 0.2% of all sells on the pair they provide liquidity for. Traders can also wrap other cryptocurrencies for a 1% tax and receive automatic rewards if someone provides liquidity for that pair.

The SmartSwap feature offers traders the possibility to trade without the 2% tax, as long as its within the internal balance of SmartSwap. Any wrapped tokens are subject to a 1% fee, but gas fees within SmartSwap have been reduced to up to 40%.

SmartDeFi offers users a possibility to build a UI for tokens they want to generate, with an underlying asset providing the backing for it. Users can then trade between the underlying asset and the wrapped tokens like fBNB or fETH. FEG also provides a lending protocol called SmartLend, allowing users to borrow against their crypto collateral.

How Many FEG Token (FEG) Coins Are There in Circulation?

FEG has a total supply of 200 quadrillion tokens, 100 quadrillions on each Ethereum and Binance Smart Chain. 50% on each chain was immediately burned and 2% of every transaction is taxed and distributed between all token addresses on that chain. 1% goes to a burn wallet, and 1% goes to holders. FEG has no team tokens and was listed with no presale and 100% public liquidity.

How Is the FEG Token Network Secured?

FEG Token is both an ERC-20 token on Ethereum and a BEP-20 token on Binance Smart Chain.

ERC-20 is a token standard most new tokens follow when publishing on the Ethereum blockchain. Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications. Its proof-of-work consensus mechanism requires miners to mine new Ether and ensures that Ethereum is one of the safest blockchains in the crypto industry. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible.

Can FEG Token Hit $0.01?

Given the enormous supply of 100 quadrillions, FEG is still far from reaching $0.01, despite its elaborate ecosystem. However, in contrast to many other community-driven deflationary tokens, FEG offers real utility for token holders with several decentralized finance applications. Hence, it is entirely possible that it will continue to rise in value, although that is also dependent on the wider market development.

What Is PancakeBunny (BUNNY)?

PancakeBunny is one of the largest yield aggregators across ETH and BSC, in terms of TVL. Farmers at PancakeBunny get permission from private individuals for automatic summation and reinvestment of yield on their behalf through mono-contracts. Users can farm on their own, but doing so involves a complex process of determining the optimal frequency and time at which to increase and reinvest profitability. With PancakeBunny users can delegate this process. The actual farming takes place on PancakeSwap and Venus.

The primary goal of the platform is to support the DeFi ecosystem by providing users with an easy way to automatically increase their profitability on Binance Smart Chain. The team has a mission of lowering the barrier to entry to DeFi.

Who Are the Founders of PancakeBunny?

PancakeBunny is built by MOUND. MOUND is the innovative team behind Pancake Bunny, one of the leading Defi platforms on the Binance Smart Chain. MOUND is dedicated to putting compounding, high-yield returns in the palm of everyone’s hand. Team MOUND is composed of developers and entrepreneurs with extensive experience and success in games, social platforms, quantitative financial services, and blockchain applications. Team MOUND is committed to creating value through product innovation (such as $BUNNY tokenomics and the Cake Maximizer) and an unrelenting focus on the user. Team MOUND’s impressive product portfolio includes Single Asset Smart Vaults, ETH-BSC Cross-Chain Farming, and a new Lending Service called Qubit. The team is working on expanding to Polygon, introducing an innovative financial product called the MND token, which will allow users to reap the benefits of all the different projects created by MOUND, by holding just a single token. Mound has a strategic investment partnership with Binance Labs.

What Makes PancakeBunny (BUNNY) Unique?

Owners of BUNNY tokens control the ecosystem of PancakeBunny and receive most of the profits from farming rewards. BUNNY holders place their tokens in the BUNNY staking pool to claim the profit, which is sent to the pool in the form of Binance Coin (WBNB) rewards. The share of profit received by a participant is proportional to the size of their BUNNY stake: the more tokens you stake, the higher your impact on the ecosystem. BUNNY holders can also vote on various proposals on the snapshot page to voice their opinions.

How Many PancakeBunny (BUNNY) Coins Are There in Circulation?

The BUNNY token doesn’t have a maximum supply. Instead, every time the 30% performance fees are collected and distributed to BUNNY holders, the protocol mints 36% in Bunny at the market price, to ensure competitive compensation to liquidity providers.

The token’s fee structure is as follows: 30% is allocated as a performance fee for the processing of BUNNY transactions and 0.5% is charged as a withdrawal fee if the withdrawal takes place within 72 hours of deposit.

The 30% performance fee is given to the BUNNY stakers. Ultimately, all fees are used as rewards for staking BUNNY — an approach that is expected to ensure the sustainability and longevity of PancakeBunny. In exchange for paying the 30% performance fee, users of non BUNNY pools receive 36% of profits in BUNNY at the time of claim or withdrawal, giving a 6% bonus incentive.