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FEG Token

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FEG Token is redesigning the way decentralized finance (DeFi) is structured. FEG Token is focused on reshaping and evolving how DeFi works completely while delivering the most robust ecosystem ever designed for DeFi's much-needed advancements.

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Authenticity & future plans

Feed Every Gorilla (FEG) is impressive. They have a range of products and a lot of promises that they have delivered over a period of time. FEG initially launched on 31 January 2021 via Ethereum chain and BSCscan on 12 February 2021. FEG token is redesigning the way decentralized finance is structured. FEG token claims that there is no main owner for this token and is fully decentralized.

FEGex – They claim this to be an all in one exchange of FEG token where you can connect your wallet and stake your tokens and earn FEG wrapped ETH, BNB etc. or earn 0.2% of all sells that go into team wallet, charity and development.

You can choose to turn on ‘Smart Swap’ before you use the exchange that enables you to pay up to 50% less gas fees and saves you transaction fees. This was built to help the swing traders on the exchange.

The fWrap technology that the token boasts about earns transaction rewards for every use directly inside each liquidity pool. They claim that this model provides a true evolution that has never been provided before.

The token also talks about providing smart liquidity, auto slippage technology while swapping on other swaps. They also have a front running bot that protect the liquidity pools keeping in mind the interest of the community. FEGtrack is another line of service by the token that allows FEGex listed tokens to track their token rewards and statistics.

FEGchart is another product that provides charting for FEGex and users will be able to track every token that is listed on FEGex. The application is available on Google play and App store for mobile devices.

They also have a FEGfaucet (frictionless reward faucet) with locked liquidity of $17,500 for users to claim every 24 hours.
The FEG Token community reached out to several wildlife organizations. The Pan African Sanctuary Alliance (PASA) was selected as a charitable partner. The FEG Token matches the first $750 donation to PASA including all other direct donations.

Markets/Exchanges:
At time of writing, FEG token is listed on the following exchanges:
Gate.io
UniSwap (V2)
PancakeSwap (V2)
0x Protocol
ApeSwap (BSC)
DODO BSC
ShibaSwap
1inch Exchange
AOFEX
BKEX

Products:
FEGex
FEGtrack
FEGchart
FEGwrapper
FEGfaucet
FEGshop
FEGblog
FEGedu
NFTs
Games
Lending

The website has a FEG shop where you can buy FEG merchandise and the proceeds from it is distributed 50% to marketing and 50% is donated to Pan African Sanctuary Alliance (PASA).

FEG token’s vision is to advance further into the cryptocurrency De-Fi world by releasing innovate products to ensure the sustainability of the token.

Whitepaper & Roadmap:
The roadmap of FEG token is detailed and you can view the current and upcoming plans and products on their website. The 29 page whitepaper is very descriptive and transparent.

Whitepaper: https://fegtoken.com/FEG_Whitepaper.pdf

Transparency & Contract

FEG token is a fork of Reflect finance (RFI) with increased supply and 2x tax.
An automated audit confirmed that the contract was a medium risk. 1% of the supply on Ethereum and 0.75% of the supply on BSC are in liquidity pools. Some additional liquidity is locked in custom liquidity pools deployed by the team until the end of June 2021.

FEG token is fully decentralized with no owners and the ownership is renounced to the community.

Audit:
FEG audit was audited by Solidity finance on 3 April 2021. Couple of points from the audit listed below:
No mint or burn functions exist and manual burns is required by sending tokens to the dead wallet. No threats were identified.

Doxxing:
The ownership is renounced to the community and there is no owner for this token according to their whitepaper and other sources.

Contract Address:
FEG token is available on Ethereum & Binance Smart chain.

Ethereum chain - 0x389999216860ab8e0175387a0c90e5c52522c945
BSC chain - 0xacfc95585d80ab62f67a14c566c1b7a49fe91167

Contract Code Review:
Contract is verified on BSCscan and the contract ownership is renounced to the community.
We did not find any discrepancies with the contact code against what is written on their website.

Current Market Cap
$265,894,312

Current 24Hr Volume
$23,134,149

The above data is According to CoinMarketCap at time of writing.

Liquidity, Tax & Reflections

1% of the supply on Ethereum and 0.75% of the supply on BSC are in liquidity pools. Some additional liquidity is locked in custom liquidity pools deployed by the team until the end of June 2021.

Buy & sell fees are 2%. 57% of the initial supply on Ethereum chain is burnt. 54% on Binance smart chain.

Tokenomics:
Total Supply: 200,000,000,000,000,000 (200 Quadrillion) – 100Q on each chain
Circulating Supply: 43182904140414000 (43.18Q)
Buy/Sell/Move/Transfer Tax 2%
Redistribution 2%
Burnt: 100,000,000,000,000,000 (100 Quadrillion) (50% of the supply)

Community

FEG token has a massive community and fan base across multiple platforms.

Community by the Numbers:
Twitter – 265.9K followers
Reddit – 11.6K members
Telegram– 122.2K members
Instagram – 41.9K followers
YouTube – 7K subscriber (combined 3 channels)
Discord – 10,948 members
Holders/Wallets – 710,970 holders
Watch List (CMC) – 50,244

Lunar Crush:
Galaxy score – 49/100
Alt rank – 4/3123

Conclusion

This contract was deployed on 31 January 2021 via Ethereum chain and BSCscan on 12 February 2021. FEG token is a massive brand with multiple different products released on regular intervals. FEG token has had great marketing with billboards and influencers. FEG token has a descriptive whitepaper and roadmap and the whitepaper is evolving over time.

The social volume as per Lunar crush for this token is over 12K posts at the time of writing. This is a token for the long term with consistent growth. There are a few heavyweight wallets on BSC and ETH but none of them are the owners as per the Solidity audit.

The products FEG has released constitutes to accelerated burns. The redistribution of the reflections are also allocated to the burn wallet thus reducing supply.

FEG can also be staked and you can earn in other tokens. With the roadmap and the continuous evolution of the whitepaper, their vision of becoming a future of decentralised finance looks pleasing and achievable.

None of the information provided under Qubescan is a financial advice and we urge you to do your own research (DYOR)

First Published:
Sunday, 10 October, 2021
Last updated:
Sunday, 17 October, 2021
FEG Token

91

Scoring legend:
Below 50: Needs improvement
50-75: Getting attention
Above 75: Massive potential