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FEG Token
The main idea behind FEG is to provide a decentralized transaction network which operates on the Ethereum blockchain and the Binance smart chain (BSC). The path forward for FEG is determined by market fluctuations, but the model it runs on begs FEG to succeed. FEG is a deflationary token with a max circulating supply of 100 Quadrillion. On each transaction, a tax of 1% will be distributed to the holders and a further 1% will be burnt, hence incentivizing holders to hodl and decreasing the supply overtime. As the supply decreases, the scarcity of the token increases. This inversely-proportional relationship constitutes a supply and demand model. Furthermore, there is no limit as to how many tokens can be burnt. Without a burning limit you know what happens next.
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Chain:
Binance Smart Chain
Ethereum
Contract
Address: 0xacfc95585d80ab62f67a14c566c1b7a49fe91167
0x389999216860AB8E0175387A0c90E5c52522C945
The main idea behind FEG is to provide a decentralized transaction network which operates on the Ethereum blockchain and the Binance smart chain (BSC). The path forward for FEG is determined by market fluctuations, but the model it runs on begs FEG to succeed. FEG is a deflationary token with a max circulating supply of 100 Quadrillion. On each transaction, a tax of 1% will be distributed to the holders and a further 1% will be burnt, hence incentivizing holders to hodl and decreasing the supply overtime. As the supply decreases, the scarcity of the token increases. This inversely-proportional relationship constitutes a supply and demand model. Furthermore, there is no limit as to how many tokens can be burnt. Without a burning limit you know what happens next.