There are a lot of rumors about this coin and many famous celebrities advertise the coin with might and main on their Twitter and Tik-Toks and what-not.
Here’s their website:
What’s so special about this coin and why do we consider it a potentially profitable investment?
Disclaimer: We are not financial advisors and you are solely responsible for any such investment.
Well, the very structure of FEG is already quite interesting, since half of the coins are being accumulated in the Binance Smart Chain, while the other half is stored in the Ethereum network (although we will not consider it due to the huge fees).
Accordingly, you can buy coins in both places.
Both coins can be added to the liquidity pool (we previously wrote about liquidity pools), and the token administrators have established protection against bots and the special “anti-dump technology”, which, when the coin is dumped, automatically sets sales limits in order to stabilize trading.
Also, one of the most important advantages of the coin is its deflationary nature and limited emission.
Just hear it out – for EACH transaction 2% of FEG tokens are debited from the user, 1% is automatically burned (thereby limiting the emission), 1% is evenly distributed among all coin holders.
In other words, even if you just hold coins – you’ll be receiving new tokens every 10-15 seconds. Thus, administrators encourage early holders.
And given the fact that with each transaction the overall amount of coins is getting smaller and smaller, this makes FEG valuable even for long-term investments.
A Trouble with China
It should be noted that quite recently the coin experienced one unpleasant event, associated with their previous collaboration with the “xi pooh” token.
In fact, this collaboration hadn’t really taken place, but it was enough to raise a bit of “attention” in Chinese social networks since the image used to represent this “xi pooh” token (which we will not indicate here due to considerations of political correctness), in fact, makes fun of President Xi Jinping, and such humor is perceived extremely negatively by the Chinese community.
As a result, FEG was immediately removed from listing on several Chinese crypto exchanges, due to which the coin dropped several positions down for a while.
Fortunately, after clarifying the situation from the administrators of the token, the coin was listed back, which undoubtedly contributed to the extremely active and supporting community.
If you look at the ROADMAP of the project, you can see that since the first quarter of 2021, FEG has concluded several partnership agreements with various companies at once, including the sale of its own NFT!
Among other things, FEG has its own merchandise store and a very convenient mobile app for tracking the price of the coin.
At the time of writing this article, the coin’s capitalization is 512 million dollars – insane numbers, considering that at the end of April it was only around 49 million. And since the whole market is on the bottom – it might be the best time to get on that “FEG wagon” right now, if you haven’t done it yet.
What pleasantly surprises me is the activity around the coin. The number of holders is growing, trading volumes are increasing as well.
How do I get a coin, you may ask?
Well, you can buy a coin on PancakeSwap and it’s better to do it on the Binance blockchain, due to low fees.
You can simply go to the Exchange tab, manually enter the address of the FEG contract and select the coin you wanna use in order to buy FEG – it can be BNB, BUSD, USDT, etc.
Then just press the APPROVE and then the SWAP button and in just a few seconds the coins will appear in your MetaMask (we’re gonna pull up an article on MetaMask soon) wallet.
That’s it for now, folks.
We’ll be providing you with new info on this particular coin… and a whole lot of other new ones on the market as well!
Adios!