FEG underwent a 300% price surge between Oct. 13-15 and is still seeing elevated prices and increased volume. A new partnership may help onboard more users.
The price of FEG Token underwent a major rally starting Oct. 13, peaking at a 300% increase ($0.000000001312) on Oct. 15 before settling around a 150% increase ($0.000000000832) as of publication.
Trading volume was also up dramatically in the same time period, from around $160,000 in 24 hours to nearly $9.7 million before dropping to $1.69 million as of publication.
FEG is a Decentralized Finance (DeFi) project on BNB Chain and Ethereum that recently rebranded after the community voted to move away from its well-known gorilla logo.
“We’ve seen some positive price action after a number of contributing factors started to come together,” FEG’s Head of Marketing FrankieB told BSC News. “Most notably the comprehensive new roadmap showing clear direction and the professional new fresh face to FEG, which has been well received.”
He also attributed the rapid price increase to an active and quickly growing community.
“The community strengthens day by day, with hundreds of thousands across numerous language channels, and in excess of a million across social platforms. It’s a great global FEG family! And it was nice to have additional thousands join us over the weekend,” he said. “We can build, innovate and strive for excellence but at its core FEG is about community and that’s what makes us.”
FEG also announced Oct. 18 that it has partnered with and been listed on Btok, a Web3 social network claiming over 10 million users that allows Web3 companies to airdrop tokens to its users.
What Is FEG (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 BNB Chain. A hyper-deflationary token, FEG has a maximum circulating supply of 100 quadrillion 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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