FEG’s current buzz could be from its recent top crypto award. The platform has also teased a new product to its community.
fBNB Joins BNB Holders Leaderboard
One of the earliest meme tokens to emerge on the BNB Chain, Feed Every Gorilla (FEG), has raced into the list of the leading holders of Binance’s BNB coin. The smart-contract of FEG’s wrapped BNB, the fBNB, holds 25,017 BNB and occupies the 35th position in the list of top holders of the BNB coin as of writing.
On April 15, BNB Chain tweeted a call for suggestions on the best ways of earning passive income on BNB Chain. In his response, a member of the FEG team, Malarky, boasted of FEG’s enticing passive income-earning opportunity for holders of fBNB:
“Buy #BNB. Wrap #BNB on beta.FEGex.com. Hodl #fBNB. Earn passive income. The fBNB contract is one of the top holders of BNB on #BNBChain.” Malarky, replied.
The explosive rise of fBNB through the BNB holder rankings coincides with the trending of the $FEG ecosystem token. According to Coingecko, $FEG is the world’s 14th most-trending cryptocurrency as of April 15. It would be recalled that FEG recently won an award as the Best DeFi Technology in the just-concluded Crypto Expo Dubai 2022. The exposure from that award may have boosted the adoption of FEG’s fBNB product and made the platform trend.
While the FEG community basks in the euphoria of FEG’s current positive ratings, more exciting news may be on the way. FEG’s Lead Blockchain Developer, FEGRox, has hinted of an upcoming staking version where the community would stake FEG tokens and earn anything they desire!
“Was coding Staking V3 and a vision kicked in! What if… You could… Stake FEG and earn anything?!!!” FEGRox teased in a tweet.
Are you feeling the excitement, FEG community? Let’s brace up and look forward to more news from the FEG team.
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:
Source : bsc.news
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