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FEG was created with a community-focused agenda of making the emerging DeFi ecosystem more accessible, inclusive, and rewarding for its users.
Introducing FEG
The Feed Every Gorilla (FEG) ecosystem was designed to provide a fully decentralized transaction network with a state-of-the-art financial system. FEG intends to revolutionalize Decentralized Finance (DeFi) with a strong focus on passive income, security, and accessibility. It will achieve this through creating opportunities in crypto, DeFi, Non-Fungible Tokens (NFTs), and metaverse spaces.
FEG’s grander vision includes the incorporation of strategic focus areas involving breakthrough products and features such as the world’s first truly stable coin–Universal Stable Cent (USCT), Smart NFTs, and 2-Factor Authentication (2FA) wallet.

The ecosystem is built on three key components: FEG Token, FEGex, and SmartDeFi. FEG token is a hyper-deflationary token that operates on the Ethereum blockchain (ERC-20) and the Binance Smart Chain (BEP-20). FEGex is a multi-chain decentralized exchange (DEX) that runs on both aforementioned chains with plans of expanding to an additional five blockchains in the near future, such as AVAX, MATIC, and FTM. SmartDeFi is a token template for the generation of new DeFi projects, with a built-in mechanism to prevent rug pulls. It is not dependent on other exchanges for hosting liquidity. FEG was audited and verified by Solidity Finance.
FEG Token
FEG token is a deflationary token with a maximum supply of 100 quadrillion tokens. On every transaction, a 1% tax is assigned to the holders, and an additional 1% is burned. It ensures that the holders collect more tokens as the number of transactions increases. It also motivates the holders and reduces the circulation of tokens.
As the supply drops, the token’s scarcity improves. This inversely proportional relationship constitutes a supply-demand model. There is no burning limit which implies that holders benefit from a never-ending cycle of passive income generation with positive price pressure. FEG is completely decentralized and all decisions are made in the interest of the community. FEG intends to expand its presence in the crypto space by launching impressive products that will assure the token’s long-term sustainability.

As the FEG token is a governance and utility token, it can be staked in the FEGex to generate multiple streams of passive income. The token is also used in SmartDeFi transactions, thereby accelerating the reduction of supply. 100% of the token’s liquidity is locked, which instills confidence in the investor community. All communications, developments, and marketing campaigns are planned and executed by members of the FEG community.
FEGex
FEGex is a multi-chain decentralized exchange (DEX) that runs on both the Ethereum blockchain and BNB Chain. It was designed with custom coding to address various issues faced by other exchanges with regard to DeFi tokens. It was built with liquidity provisioning, loan capabilities, and fWrap. It offers users unique features such as GAS rebates–paid to investors for participating in trade, and Markers Rewards–which reward investors for buying on FEGex.

FEG plans on expanding FEGex to other blockchains such as AVAX, MATIC, and FTM. The development of the cross-chain bridge will allow the swapping of tokens listed on FEGex between all five blockchains if the project provides bridge dedicated liquidity. Cross-chain transactions will make FEGex a CEXDEX–centralized feature within a decentralized environment. Transactions across the bridge are sent to a server to be worked out as they cannot be implemented into a contract and need a system to do the calculations, which in this case is the CEX (centralized exchange).
Key features of FEGex
Auto Listing: Enables any token to list on FEGex, add locked liquidity, and create trading pairs. FEGex can also be used to host advanced presales whilst serving as a launchpad for new tokens.
SmartSwap: A mechanism that allows users to deposit/swap tokens in a SmartSwap contract to reduce swap and gas fees. The trades are not subject to usual taxes on deflationary tokens, and the routing is also optimized. Its peer-to-peer (P2P) capability ensures users can send and receive tokens with utmost privacy. All trades and swaps incur sell fees, while internal transactions increase the volume for staking rewards. There are two SmartSwap mechanisms:
- Swap-to-Swap (S2S): This function allows users to move their fWrapped base tokens, such as fBNB, fETH, and fUSDT, between trading pairs. Transactions incur a 0.30% fee which is used for high-end server hosting, IT security, and further development of the FEG ecosystem.
- Peer-to-Peer (P2P): This function allows users to send and receive tokens in FEGex with increased privacy as token swaps in SmartSwap are not direct wallet transfers; instead, they are routed through a smart contract. Transactions incur a 0.30% liquidity pool fee and another 0.50% fee which is sent to the burn wallet.
Front-Running Bot Protection: FEGtoken’s contract code is engineered for front-running smart contract bots.
Auto Slippage: Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. Slippage can occur at any time but is most prevalent during periods of higher volatility when market orders are used.
FEGex Rewards
- fWrap: Any crypto asset can be wrapped to earn passive income on the FEGex and this mechanism is called fWrap. fWraps are an integral part of the exchange, applying positive price pressure on every trading pair. fWrap tokens include a 1% reflection tax that is applied and distributed between all holders when a token is wrapped, unwrapped, or transferred. fWrapped tokens generate high APY returns as they leverage the trading volume on FEGex to generate rewards as any token listed on the exchange is paired with a base token that is fWrapped. fWrap rewards are auto-compounding as they are paid out in the currency of the fWrapped token.

- Staking: FEGex also provides users with the option of staking FEG tokens and earning yields. All the staked tokens are securely held in the FEGtoken staking contract. The staking rewards increase dramatically with the increase in trading volume on FEGex. FEG Token stakers receive a share of all trade (sell) on FEGex based on the following:
0.15% of all sell volume from non-SmartDeFi tokens paired against fBNB, fUSDT (BEP-20), fBTCB (Binance-pegged Bitcoin), fETH, fUSDT (ERC-20), or fBTC. 0.12% of all sell volume from SmartDeFi tokens paired against fBNB or fETH. Rewards are divided and distributed among FEG Token stakers based on the percentage of the staking pool each staker owns. They are distributed either when rewards are withdrawn from the staking reward pool.
- Liquidity Provider (LP) rewards: LPs earn a share of 0.2% of overall sell volume on the pairs they provided liquidity for. FEG Token rewards are received based on the percentage of ownership inside the liquidity pool (varies with impermanent loss). These are added directly to the provided liquidity amount inside the pool.
- GASrebates: Except for FEG Token and SmartDeFi tokens, all pairs on FEGex will use the GASrebate sell transaction fee of 0.15% to fund the rebate pool for reward distribution. For example, the buyer or seller will receive 1/8th of the total BNBback or ETHback pool at the time of their purchase. The return will be generated in BNB or ETH, depending on the chain they're on.
- Markers Rewards: These are monthly rewards paid to users for using the FEGex. Users receive a refund on purchases while maintaining 100% of their buying power. These rewards are only applicable on purchases outside the SmartSwap system. 0.30% and 0.50% of the total BNB and ETH used to buy are given back to the buyer, respectively.
SmartDeFi
SmartDeFi is the FEG ecosystem’s flagship technology for Web3-enabled trading. It is a hyper-secure and seamless platform through which anyone can launch and trade their own cryptocurrency. SmartDeFi resolves many of the security issues, costs, and inconveniences associated with launching a new crypto project through traditional means. Prior to SmartDeFi, launching a crypto project could cost significantly higher, depending on several factors.
On SmartDeFi, users can launch a token, establish and execute a presale, and commence trading with minimal effort. Its charges users 0.5% of the presale–which is much lower compared to other methods typically used. Users do not require knowledge/skills to write code/contracts, as producing a token requires only a few customizations on the intuitive UI. Tokens are also fundamentally secure as anti-bot measures are included that aim to prevent rug pulls and honeypots. SmartDeFi also includes cutting-edge new technologies that assist token creators in marketing their tokens.

All SmartDeFi tokens are backed by their base assets–critical to build investor confidence. A nominal fee is levied on each transaction and sent to a special asset-backing pool, resulting in a perpetual increase in baseline value. This secondary value will never decrease, providing investors with the assurance that their investment will always be valuable.
SmartDeFi also includes SmartLending, which allows investors to use their holdings as collateral for short-term, no-interest loans. Investors can use the asset backing of their tokens to offset real-world expenses, extend their portfolio, or otherwise use the value of their investment without having to sell.
ROX Token & Smart Rising Price Floor
ROX Token is a multi-chain token built with SmartDeFi technology–FEG’s most advanced product. ROX Token offers the smartest raising of the price floor ever built. Since the ROX Token contract owns its liquidity, the 0.1% swap sell fee is directly used to increase the price floor. This is seamless and does not require additional transactions. As a result, traders pay no gas fees while this process completes. The Smart Rising Price Floor feature steadily expands the available liquidity of a token by ensuring that a percentage of each sell remains in liquidity.

ROX Token will work with future tokens to help them integrate into the SmartDeFi evolution utilizing this advanced codebase. In total, 1,000 ROX tokens were minted, of which 900 are in circulation. 100 ROX will be burnt into a perpetual faucet, and only the rewards can be claimed. 100% of these rewards will fund the development team of the FEG Token ecosystems. This will allow FEG Token to expand its teams exponentially.
Recent Developments
As reported by BSC News, Feed Every Gorilla (FEG) won the ‘The Best DeFi Technology’ award on March 18, at the Crypto Expo Dubai 2022 event. The Graphene 2-Factor Authentication wallet was also unveiled at the event.
Also reported by BSC News, FEG plans to release the world’s first truly stable coin, USCT. Typically stable coins such as USDT are pegged to the dollar; however, they can have fluctuations of up to 0.1% resulting in millions lost as USDT alone accounts for 3%-4% of the 2 trillion dollar crypto economy. USCT can mitigate this by utilizing the lowest possible denomination of $0.01, thereby making it resistant to market fluctuations. It is primed to rival the established stable coins.

Team
FEG has a team of 150 members, at the time of writing. It was founded by FEGrox–The lead Blockchain Developer. Other key members include:
- RTRcrypto - Global Operations Manager
- Tomi - Developer Team Lead
- Frankie - Head of Marketing
- Chris - Editor in Cheif
- DewBo - Design Team Lead
- Omo - Business Development
- Ste Cha - Relations Lead
Concluding Thoughts
While considering the FEG token as an investment vehicle, it is noteworthy that the token is still a micro-cap token. FEG has a self-reported circulating market capitalization of $84.29 million and a fully diluted market cap of $202.7 million, as per data from CoinMarketCap. The price of token is currently at $0.000000002025, just over 36% down in the last 30 days.
However, the FEG ecosystem is designed to evolve continuously and provide innovative solutions to existing and new problems. The community thrives and propagates this ideology which will ensure that the ecosystem is poised to always be at the forefront, driving innovation in the crypto space.
Find more about FEG here:
Website | Twitter | Medium | Whitepaper | Instagram | Telegram | Reddit | Discord | Youtube |
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Terraform Co-Founder Do Kwon Arrested in Montenegro After Months on the Run

Do Kwon has also been charged with fraud by US prosecutors, who issued an eight-count indictment against him for securities fraud, wire fraud, commodities fraud, and conspiracy.
Do Kwon Caught at Podgorica Airport
Do Kwon, co-founder of Terraform Labs, was arrested by Montenegro police at Podgorica airport while trying to board a flight to Dubai, according to Reuters.
During the encounter, the Montenegrin police discovered forged Costa Rican passports and a Belgian passport in their luggage. The Montenegrin police formally charged the ex-Terra CEO along with a second suspect for allegedly forging official documents before a Podgorica court.
After matching fingerprints with official records, South Korean police confirmed that Kwon was the suspect in Montenegro on Friday.
Within hours of Kwon's detention in Podgorica, the U.S. District Court in Manhattan made public an eight-count indictment against him. This includes two counts each of securities fraud, wire fraud, commodities fraud, and conspiracy.
Allegations Against Do Kwon by SEC
The recent criminal case followed last month's civil charges brought against Kwon and Terraform by the Securities and Exchange Commission.
According to SEC allegations, Do Kwon misled investors regarding TerraUSD's stability and failed to inform them that the coin's price fell below its dollar peg. The value of the token and its underlying cryptocurrency sank to near zero last May, resulting in a sell-off in cryptocurrencies such as Bitcoin, Ethereum, and Tether as a result.
Additionally, the SEC claims that Kwon and Terraform falsely claimed Chai, a Korean mobile payment app, used the Terraform blockchain to process payments.
Worth noting that South Korean authorities issued an arrest warrant for Mr. Kwon last September after determining Terraform Labs had violated capital market regulations.
South Korean officials believed he was in Serbia and sent officials to Belgrade to negotiate since there was no extradition treaty between the two countries.
A Seoul prosecutor told CNN in December that the crypto entrepreneur hid in Serbia after leaving Singapore via Dubai. Kwon was based in Singapore while running the blockchain platform Terraform Labs.
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 $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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Uniswap has posted healthy numbers during its first 10 days on BNB Chain, but its activity right now is a fraction of chain leader PancakeSwap’s.
The Beginning of the Uniswap Era on BNB Chain
Uniswap is making inroads into Decentralized Finance (DeFi) on BNB Chain, as the swap volume on the Decentralized Exchange (DEX) approaches the $50 million mark in the past week.

The weekly volume catapulted Uniswap into seventh place among all BNB Chain DEXes, which overall posted a decrease in exchange activity of more than 40% in the past week.
According to DefiLlama, the volume on Uniswap has hovered around $7 million per day since its launch on March 16.

In terms of Total Value Locked (TVL), Uniswap’s TVL of $10.5 million puts it in 13th place among BNB Chain DEXes.
The Battle of the DEXes on BNB Chain has just begun, but after 10 days Uniswap hasn’t yet registered as much more than a blip against dominant DEX PancakeSwap, posting about 3% of the PancakeSwap’s exchange volume and less than half a percent of PancakeSwap’s TVL.
So far ….
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain here:
Website | Twitter | Discord | Telegram | GitHub |
What is PancakeSwap:
PancakeSwap is a multichain Decentralized Exchange (DEX) built on BNB Chain and available on Ethereum and Aptos. It offers users various features such as Liquidity Pools (LPs), swapping, yield farming, Syrup Pools, an Automated Market Maker, Initial Farm Offerings (IFOs), an NFT profile system, and other tools. In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on BNB Chain.
Where to find PancakeSwap:
Website | Twitter | Medium | GitHub |
What is Uniswap:
Uniswap was launched in November 2018 and has grown to become the largest decentralized exchange in its category. It was built open-source on the Ethereum blockchain and uses the AMM model to facilitate Ethereum ERC-20 token swaps.
Much of the progress made in Ethereum-based DeFi expansion is attributable to Uniswap as it provided the market-making utility for Web3 apps to function in a decentralized environment. The platform consistently records daily trade volumes of over half a billion dollars and has a total volume locked (TVL) of more than $3 billion. The platform has traded over $1 trillion since it launched via over 129 million transactions.
Where to find Uniswap:
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Pi Chain Mall Withdrawal Function Gains Traction, Records Huge Milestone

Pi Chain Mall's withdrawal function has gained huge adoption in the industry, recording over 360K Pi withdrawals since the relaunch.
Top Product on Pi Network
Since Pi Chain Mall (PCM) reopened the withdrawal function on March 1, numerous users have shown interest in utilizing the feature to withdraw their Pi coins. The top Pi Network product recorded a new milestone on March 25.
PCM’s withdrawal function was established to ensure sellers withdraw their real Pi holdings from its large e-commerce marketplace. According to the PCM official Twitter page, over 316,000 Pi coins have been withdrawn by users.
The PCM marketplace is the largest on Pi Network. The protocol allows merchants to place items for sale and receive Pi payments. Through the function, numerous merchants have been able to withdraw profit gained from the platform through sales.
Pioneers can join the PCM mainnet platform by visiting (pipcm.com) on the Pi Browser application and start trading products with Pi coins.
What is Pi Network:
Pi Network is a novel cryptocurrency and developer platform allowing mobile users to mine Pi coins without draining the battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (Dapps) for millions of users.
Where to find Pi Network:
Website | Twitter | LinkedIn | Facebook | Instagram |
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.
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BNB Chain's Zero2Hero Hackathon is receiving support from AWS, Google Cloud, and Tencent Cloud, as well as several Web3 partners, for an upcoming blockchain hackathon where participants will compete for cash prizes and a chance to join the incubator program.
Major Tech & Web3 Support
BNB Chain has announced the Zero2Hero Hackathon, the second phase of its six-month online Bootcamp-Hackathon-Incubator program.
The hackathon will take place from April 17th to May 14th, and has garnered support from Amazon Web Services (AWS), Google Cloud, and Tencent Cloud as key strategic technology partners. The event aims to bring together blockchain professionals and developers from around the world to collaborate on projects and solutions that will help advance the blockchain industry.
We spoke to the team to understand more about the exciting development:
“As part of the 6-month Builder Series, the Zero2Hero Hackathon is an exciting opportunity for developers to showcase their skills and compete with the best in the industry. With the support of our strategic technology partners, including AWS, Google Cloud and Tencent Cloud, as well as our Web3 partners such as Chainlink Labs and Axelar, we are excited to bring together a community of talented developers and innovative projects,” said Zoe Wei, Head of Developer Relations at BNB Chain.
BNB Chain has also partnered with several leading Web3 companies for this hackathon, including Chainlink Labs, Axelar, Nodereal, Polyhedra, Hacken, RSS3, and Port3. The hackathon will feature seven tracks, including DeFi, Infra & Scalability, SocialFi, Cross-chain, NFT, Gamify & Metaverse, Greenfield and Innovation. Participants will compete for cash prizes of $15k for 1st place, $6k for 2nd place, and $4k for 3rd place in each track.

During the hackathon, nearly 20 technical workshops will be provided where hackers can learn the latest technologies. Free access to multiple dev resources such as cloud and node services will be available, and the calendar of the tech teams of partners will be open for hackers to book office hours. The judging criteria will lean towards full MVPs projects, although a clean and creative implementation of the feature serving as an excellent example of feature usage is also acceptable.
The 6-Month Builder Series, focused on accelerating Web3 development, commenced its initial phase in February with a Bootcamp featuring sessions in multiple languages. The series will be held in partnership with the Blockchain Center, established by Astana Hub, the largest technopark in Central Asia, and the Payment and Financial Technologies Development Center of the National Bank of Kazakhstan. Other partners included the Blockchain Academy Group, a Hong Kong government-backed program, and Encode Club, a leader in Solidity training.
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain 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 $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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A recap of notable news from the week.
Recapping the Week in DeFi
Cryptocurrency never sleeps, and neither does crypto news and content. Because of this constant stream of information, it’s difficult for investors to keep track of the most notable news. In this weekly recap, BSC News shares some of the most exciting stories and breaking news events of the week to help you stay up-to-date on all things DeFi.
Arbitrum Airdrop: Which DAOs Received the Most $ARB?

The Arbitrum airdrop was arguably one of the most notable DeFi events from the past week. Projects with a DAO and community treasury also received the airdrops, with the exception of The Protocol Guild. A number of factors were considered for eligibility, including deployment date, transaction volume, and more.
Get all the details in this article.
MetaMask Institutional Unveils New Portfolio Dashboard, ETH Staking Marketplace

MetaMask Institutional launched an advanced version of its Web3 portfolio dashboard for institutional investors featuring cutting-edge tools, including an ETH staking marketplace.
Find more information here.
Core DAO’s Core Bridge Goes Live, Confirms Huobi as Validator

Core DAO has finally launched its highly anticipated Core bridge, paving way for the growth of the Core ecosystem in the decentralized finance (DeFi) world. Powered by LayerZero, the bridge allows users to seamlessly transfer assets between the Core chain and other leading networks. Core DAO has also confirmed Huobi as a validator.
Find more details in this article.
Celer Unveils Brevis: ‘A ZK Ominchain Data Attestation Platform’

Going deep into ZK: Celer Network has launched Brevis, a “Zero-Knowledge (ZK) omnichain data attestation platform” enabling smart contracts to access and compute data from any blockchain.
Learn more about Celer’s ZK solution in this article.
Polygon, Immutable Partner to Build Dedicated Gaming ZK EVM Blockchain

Polygon Labs and Immutable have collaborated to build “Immutable zkEVM”, a zero-knowledge rollup dedicated to gaming. The new solution will have enforceable royalty fees for game developers.
Get all the details 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 $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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