FEG Token Details Benefits to SmartSwap System

Swing traders will find SmartSwap helpful, especially as it minimizes taxes for reflect tokens.

FEG Flaunts SmartSwap

Feed Every Gorilla (FEG) has showcased the benefits of one of its flagship products, SmartSwap. FEG’s SmartSwap system is packed with many features that will ensure users–– especially swing traders––get the most from their swaps on the FEG ecosystem.

Swing trading is a trading style where traders try to profit from a crypto asset’s short-to medium-term price movements. New traders often find swing trading a nice place to begin their trading career because it does not require much skill or expertise. 

However, it is not easy to profit by swing-trading tokens that apply taxes each time they are bought or sold, like reflect tokens. Suppose a Token F charges a 5% tax/reflection on each trade––for example. In that case, swing traders will need to make a profit of more than 10% to cover the taxes incurred for trading from Token F to Token G and back to F. This is where SmartSwap’s usefulness shines through, as FEG highlighted in its Twitter overview of SmartSwap on April 22.cdn.embedly.com/widgets/media.html?type=text%2Fhtml&key=96f1f04c5f4143bcb0f2e68c87d65feb&schema=twitter&url=https%3A//twitter.com/fegtoken/status/1517300488823357440&image=https%3A//abs.twimg.com/errors/logo46x38.png

Features of SmartSwap

As outlined by FEG and SmartSwap’s documentation, the benefits and features offered by SmartSwap include:

Minimizes Taxes: Taxes are applied on Reflect tokens only when entering or leaving the SmartSwap environment. But once inside, any other trade does not incur any tax.

Reduced Gas Fee: The gas fees for trades in SmartSwap are cheaper by as much as 40%.

Faster Transactions: Trades in SmartSwap take less time than a typical transaction on an exchange.

Insured from Honeypots: Honeypots, that is maliciously coded tokens that cannot be sold once bought, leads to a loss of funds for buyers. SmartSwap is designed to eliminate the honeypot risk. Users can always sell their tokens as long as they were bought and stored in FEG’s SmartFunds. 

No Hidden Charges: Trades within SmartSwap will attract the same fees as trades on the exchange, FEGex.

Availability: All tokens listed on FEGex and SmartDefi can be traded on SmartSwap.

For other features and benefits, see the SmartSwap documentation. Learn how you can use SmartSwap HERE


The FEG ecosystem is loaded with exciting utilities. From the Grafene Wallet, which has a second-factor authentication (2FA) that is hack-resistant, to the Smart DeFi initiative, FEG is an aggregation of use-cases. However, the value of the FEG token is yet to reflect the utility that the ecosystem boasts. As of press time, according to CoinMarketCap, the price of the FEG token sits at $0.000000002316, down  95.3% from its all-time-high value of $0.00000004924. 

The FEG team has, however, pumped up the year 2022 as a defining year for the platform. The FEG community would hope that the token would see some positive price action somewhere along the line.

What is Feed Every Gorilla:

FEG explains the main idea behind its token is to provide a decentralized transaction network that operates on the Ethereum and BNB Chains. A hyper-deflationary token, FEG has a maximum circulating supply of 100 quadrillions 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:

Website | Twitter | Telegram 

Source : bsc.news

Leave a Reply

Your email address will not be published. Required fields are marked *