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FEG Token Releases New Roadmap
July 14, 2022
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Plans include updated FEGtrack, staking rewards, exchange-less buying and selling, and more.
What is FEG?
Feed Every Gorilla (FEG) announced a new roadmap July 11 detailing plans for the Decentralized Exchange (DEX) for the next nine months.
Built to redesign the structure of Decentralized Finance (DeFi), the FEG Ecosystem comprises the FEG Exchange (FEGex) and SmartDeFi, according to its whitepaper. The FEG token is a hyper-deflationary governance token within the FEG ecosystem.
Outlook Through Q1 2023
Let’s take a look at some of the things you should expect from the project, according to its new roadmap:
Q3 2022
- Updated FEGtrack: FEGtrack is a tool within the FEG ecosystem that allows users to track their investments on the platform. With the new upgrades, users of the FEGtracker now have access to FEG balance and rewards, enhanced charting visuals, live transactions, and 24hr volume data.
- Redeem staking rewards: Before the end of September, FEG plans to update and audit its current smart contract to allow its users to redeem staking rewards.
- New token contract: FEG plans to develop a new unified SmartDefi 2.0 token (SD 2.0). The objective of the new token is to allow the project to focus on just one token instead of multiple tokens across multiple chains.
Q4 2022
- FWT Technology Launch: Known as “From the Wallet,” the FTW is a parallel asset waiver technology that will facilitate peer-to-peer buying and selling of crypto assets without an exchange.
- Launch of an Aggregator: FEG intends to launch a custom aggregator which will pull data from multiple DEXes to help users make better price decisions.
- Launch of the SD 2.0 token: Following the development of the SD 2.0 token in Q3, the token will be launched and be sent off for migration before the end of the year.
Q1 2023
In the coming year, FEG intends to release its FTW technology on Avalanche, Fantom and Polygon. It also wants to explore listing its FEG token on popular centralized exchanges.
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:
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News
SEC Delays Decision on ARK 21Shares Bitcoin ETF to 2024
September 27, 2023
This marks another delay for the ETF, which had faced scrutiny and had its deadline extended previously.
Summary
- The SEC has delayed a decision on the proposed ARK 21Shares Bitcoin ETF to January 10, 2024.
- This is not the first time the SEC has delayed the decision, citing the need for more time to thoroughly evaluate its implications.
Delayed Again...
The U.S. Securities and Exchange Commission (SEC) will delay a decision on the proposed ARK 21Shares Bitcoin ETF, pushing the new deadline to January 10, 2024. The SEC expressed the need for extra time to thoroughly evaluate the implications of this groundbreaking ETF, stating that "it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change."
Notably, this isn't the first setback for the ARK 21Shares Bitcoin ETF. Last month, the SEC delayed the fund by soliciting additional written comments. Initially slated for an August 13 decision, it appears that this unique ETF has faced ongoing scrutiny.
The latest decision comes in the wake of bipartisan pressure from lawmakers urging SEC Chair Gary Gensler to expedite the approval of a spot bitcoin exchange-traded fund. Moreover, the SEC also deferred its verdict on the Global X Bitcoin Trust until November 21, potentially indicating a trend of delays for similar applications.
Commenting on these developments, Ark CEO Cathie Wood had previously anticipated the initial delay, suggesting, "I think the SEC, if it's going to approve a bitcoin ETF, will approve more than one at once."
While the regulator reviews multiple spot bitcoin fund applications from industry giants like BlackRock, Fidelity, VanEck, and Invesco, the ARK 21Shares Bitcoin ETF remains at the forefront of the race, with decision deadlines for other proposals also extended.
Despite the delays, the SEC remains cautious, citing concerns about potential fraud and market manipulation, emphasizing the need for rigorous evaluation before greenlighting a spot bitcoin ETF. Meanwhile, the crypto community continues to await a historic decision that could potentially transform the landscape of crypto investments.
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Don't forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto.
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If you need tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, cryptonomics explainers, and Trading Tool Kits from BSC News.
Looking for a job in crypto? Check out the CryptoJobsNow listings!
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