NetworkNewsBreaks – SmartDeFi Innovating FEGtoken Ecosystem
Company: FEG Token
Category: News
January 3, 2022
SmartDeFi is being recognized by investors as one of the most secure means of investing in the crypto sector for several reasons, including the liquidity for launched tokens being locked within the token’s smart contract so that funding can never be “rugged.” In addition, SmartDeFi features a “baseline value,” the first-of-its-kind technology that acts as a virtual gold standard. Once SmartDeFi tokens are launched, they are immediately available for trading using the FEGexchange at FEGex.com. With SmartDeFi, a small fee is charged with each transaction. That fee is routed to an asset backing pool, which grows with time and can never decrease. That means that tokens using SmartDeFi protocol have a consistent intrinsic value that will never change, regardless of market conditions. Investors gain access to the value of their tokens by “burning” them, which sends the tokens to a “dead wallet” where they cannot be recovered, destroying them and providing investors with their share of the total backing. “The SmartDeFi protocol is exciting from a developer’s standpoint,” the announcement stated. “Developers launching a token using the protocol are not required to code. The FEGdeployer application requires developers to enter only basic information for transactions fees, asset backing percentages, etc., and can successfully launch a token in minutes. Developers have the option to import an existing liquidity pool or utilize FEG’s presale functionality. Actions required to launch a presale are equally as simple, giving developers complete control over the number of tokens, maximum buy limits, owner’s share, etc.”
To view the full press release, visit https://nnw.fm/OWaal
About FEGtoken
FEGex is the multi-chain AMM-based DEX of the FEG Token (“FEG”) decentralized finance (DeFi) project. It currently runs on Ethereum Mainnet and Binance Smart Chain. The innovative DeFi platform is striving to make the opportunities that the cryptocurrency space provides more accessible to ordinary users.
Among the features it offers, in addition to FEGex, are fWrapping of assets, Smart DeFi functionality for issuing new assets backed by fWrapped assets, and the FEGtrack portfolio tracking tool. The project’s ecosystem is powered by the FEG protocol and governance token. For more information, visit www.FEGtoken.com.
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