The new FEGex update promises to be different from other DEX in the industry. Additionally, FEG unveiled some exciting news for users as the protocol seeks to advance its Decentralized Finance ecosystem.
New FEGex Beta Launch
Feed Every Gorilla (FEG) wants to upgrade its Decentralized Exchange (DEX) product, FEGex. The all-in-one Decentralized Finance (DeFi) platform is preparing to launch the brand new FEGex beta shortly.
FEG, on March 10, took to Twitter to announce the upgrade. The protocol also disclosed numerous innovations that the team is working on to ensure users enjoy the best DeFi experience on BNB Chain. According to the tweet, the new FEGex beta would be different from other DEX in the industry.
“Just over 2 days to go until the brand new FEGex goes into beta! The new FEGex includes a top-tier UI and features you won’t see on any other DEX, such as viewing your previous trades on TradingView chart,” FEG tweeted.
The countdown to the Beta release is on the FEGex Decentralized Application (dApp). According to the timer, BSC News confirms that the new version will go live on Saturday, March 12. In the meantime, users should anticipate the latest version, including other upcoming innovations in the works by the FEG team.
FEG Announce Upcoming Events and Integrations
As stated earlier, FEG posted a list of upcoming innovations for its users via the Twitter thread. Below is a list of what to expect from the DeFi platform in the coming weeks:
From March 16-17, FEG will be speaking at CryptoExpo Dubai. The protocol will showcase its game-changing technology to the public.
On March 16, FEG’s digital adverts will be displayed across multiple screens during the championship fixture between Millwall and Huddersfield.
FEG would create a new contract for FEGex trading pairs to prevent gas rebate harvesting and incentivize project owners to lock their liquidity for an extended period.
The DeFi protocol will rebalance liquidity from Uniswap to its DEX, and the FEGeth/USDC pair will be created.
FEG is updating its staking feature, and users won’t need to move their staked FEG to enjoy the improvements.
While every plan is exciting for the protocol’s growth, the FEG team promised more to come. As such, users should expect more updates in the coming months.
“These are just a few of the highlights. We’re excited for the year ahead, as we continue our mission to advance DeFi, making it more secure, accessible, and rewarding,” the FEG team wrote to finalize the thread on Twitter.
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 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
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