From investing to earning a passive income or even creating your secure token, the FEG ecosystem has got you covered. Recently, the platform attended the Crypto Expo Dubai Event 2022, held in Dubai.
What are digital tokens?
A digital token is an online representation of values or rights that are sold and offered for the purpose of participation in, facilitating access to, or development of a blockchain, distributed ledger, or any other digital data structure.
They represent a set amount of digital resources one can own, assign to another, or redeem later. The tokens are either intrinsic or created by software and allocated to some specific utilities.
More About the FEG Token
This token is hyper-deflationary. Its circulating supply decreases by the minute every day. Moreover, over 1% of every exchange is immediately and automatically burned forever, and as the amount of burned tokens increases, the burn rate also increases.
The token also promotes passive income for everyone. A portion of every FEG token exchange gets reflected all FEG token holders immediately and automatically. This also means the user earns more FEG by merely holding the token in their wallet.
Being that the FEG token is the governance token of FEGex, the user can stake it there to earn several extra streams of passive income. In addition, SmartDeFi exchanges buy and burn FEG tokens, accelerating the depletion of supply.
The token is now available on the Binance Smart Chain and Ethereum networks with two different supplies. The future bridge will effectively merge these supplies while distributing the existing supply across three new blockchains, namely Fantom, Avalanche, and Polygon. Moreover, the number of FEG tokens in circulation will never increase.
The FEG tokens are truly decentralized as the ownership of the token contract was renounced at launch, giving it the ultimate level of protection against malicious changes.