Though the new listing isn’t as high profile as some would have wished, it does appear to lay down a marker for what FEG are hoping to achieve.
New Listing New Year for FEG
Feed Every Gorilla is marching toward the New Year with a renewed impetus after their latest listing on Vulkania was announced.
While many will understandably argue that Vulkania hardly registers the heights of the cryptosphere, this does still represent a step in the right direction for what remains a projects relatively in its early phases. The announcement was a subtle one which came through official Twitter channels on December 24.
“NEW $FEG LISTING ON VULKANIA: #FEG is now listed on @VulkaniaApp, a platform providing in-depth data for #blockchains & #cryptocurrencies!” The team delightedly exclaimed via tweet.
The sincere hope for the project remains to maximize exposure and capitalize on the positive sentiment that surrounded its initial inception.
With a maximum circulation in the quadrillions and a market cap below $200 million according to CoinMarketCap, FEG token is not for the faint-hearted as investment comes with considerable risk involved. What can be stated however is that it appears the team is showing no signs of slowing up in its ambition and work rate, and if this is to continue in the new year there may well be a lot less risk involved in the investment in future.
The FEG team is currently amidst the second round of testing for their Smart DeFi update. Test began in early December is looks to be ready in the New Year. The FEG Smart DeFi innovation seeks to bring complex mechanics of decentralized finance (DeFi) to users.
“Second round of tests for #SmartDeFi has been going well. About 20-24 people are trying all sorts of things – launching SD token with and without presales, migration tool for regular tokens, opening trading etc. We were told to break it,” tweeted @FEGfannek on December 23.
What is Feed Every Gorilla?
FEG explains the main idea behind its token is to provide a decentralized transaction network which operates on the Ethereum blockchain and the Binance Smart Chain. A hyper-deflationary token, FEG has a maximum circulating supply of 100 quadrillian on both the aforementioned chains, that also includes 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 are keen to stress that there is no burn limit, and with this being the case users will get to enjoy a ‘never-ending cycle of passive income with positive price pressure’
Where to Find FEG:
Source : bsc.news
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