The FEG ecosystem is innovating with a new dollar-pegged stablecoin, but what separates USCT from all the others? They’ve binned the decimal point.
FEG has announced the creation of a new stablecoin (USCT) that will set itself apart by binning decimal points and the humble cent along with it. In a community update posted earlier this week on the company blog, FEG asserted that a stablecoin free of decimals can never price drift ‘making it impossible to ever move even 1 trillionth of a fraction’.
FEG could stake a claim as one of the busiest and hardest working project in crypto right now. At the start of October, we wrote that FEG updated its chart analysis tools, and later in the month we reported that the company had updated a raft of other features and launched new ones including the FEGex Bridge.
The most recent blog from the team included a laundry list of new products and features, culmination in the assertion:
“Our developers have put all the pieces of the puzzle together correctly,” said FEG, “these pieces together will make us the Google of DeFi.”
It’s a comparison that could arguably merit further explanation, but rather than elucidate, FEG places faith in its audience.
About Feed Every Gorilla
FEG explains the main idea behind its token is to provide a decentralized transaction network that operates on the Ethereum blockchain and the Binance Smart Chain. A hyper-deflationary token, FEG has a maximum circulating supply of 100 quadrillion on both the chains above, including an inaccessible burn wallet. A 2% transaction tax is distributed among all holders based on the percentage of ownership, including the burn wallet, which acts as a holder that collects tokens over a period in which transactions occur. The team is keen to stress that there is no burn limit, and with this being the case, users will enjoy a ‘never-ending cycle of passive income with positive price pressure.
Where to Find FEG:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.