Although FEG is relatively new in the crypto world, it is not relenting in its bid to be relevant in the market. The Feed Every Gorilla network has made remarkable progress in 2021 despite being relatively new. With projects like FEGex, FEGroox, etc., added to the ecosystem, one can see the significant progress made. However, a series of unfortunate events might put the FEG project at a disadvantage.
FEG Token Swap Contracts Exploited
On 16th May 2022, a post on Twitter by ‘Feg’ about an anomaly on Feg swap contracts would result in the unraveling of two hacks that led to the platform losing over $30M in a span of hours.
There appears to have been an isolated exploit to the FEGtoken swap contracts on the BSC and ETH networks on FEGex.
Trading of FEG on FEGex will temporarily be halted until further investigation of this is done by the DEV team.
(1 / 2)
— FEG (Feed Every Gorilla) (@FEGtoken) ថ្ងៃទី 15 ខែ ឧសភា ឆ្នាំ 2022
The course of Events: The FEG team would like to keep the community updated on what had transpired on May 15, 2022 at approximately 8:20 PM (UTC). There was an exploit in the Swap-to-Swap (S2S) functionality within the FEGtoken swap contracts on BSC and ETH. (1 / 7) — FEG (Feed Every Gorilla) (@FEGtoken) ថ្ងៃទី 16 ខែ ឧសភា ឆ្នាំ 2022 FEGrox has been working on a new Swap Contract with Peckshield and the rest of the DEV team. The Swap-to-Swap (S2S) functionality has been removed, this is the only aspect of the contract they used to exploit us. (1 / 4) — FEG (Feed Every Gorilla) (@FEGtoken) ថ្ងៃទី 16 ខែ ឧសភា ឆ្នាំ 2022 Fegtoken getting attacked again. Looks like a new attacker has gotten another ~$1.9m (~$1.3m on BSC 600k on ETH) so far https://t.co/uqjEPjlLDs. — Spreek (@spreekaway) ថ្ងៃទី 16 ខែ ឧសភា ឆ្នាំ 2022 FEG token is way out on the higher end of the risk spectrum with its market capitalization of $245 million. Being around #3373 in terms of token rankings by market cap makes FEG a very speculative, high-risk, high-upside pick, as one analyst pointed out. What’s going for this coin and why should you include it in your portfolio? ថ្ងៃនេះ FEG Token price is $6.28e-10 with a 24-hour trading volume of $230,228. FEG Token is up 2.32% in the last 24 hours. The current CoinMarketCap ranking is #3511, with a live market cap of not available. The circulating supply is not available and the max. supply is not available. សូមអានផងដែរ: របៀបទិញ FEG Token FEG announced their partnership with Chiwawa (a Smart NFT platform) on 12 December 2021 and will be powered by FEG’s fWrap pairings, SmartDeFi and SmartNFT. ? CHIWAWA PARTNERSHIP ? We will officially partner with https://t.co/JusUIfLTBS which will be a monster project. A Multi-Verse that will have Arenas, Stadiums, Games and Convention Centers. (Site under development still, basically its a place holder). — FEG (Feed Every Gorilla) (@FEGtoken) ខែធ្នូ 11, 2021 So far, this is their only partnership to date but there are partnerships to be expected in 2022 and beyond. FEG is looking to explore the world of SmartDeFi and they are currently in the third stage of testing. FEG will probably be the first token to adopt SmartDeFi and if this is successful, it has every likelihood to be a ground-breaking development because according to the developers, SmartDeFi defies the very laws of physics as the baseline will go up with every token sold as opposed to the normal way of going down. It will also help to eliminate pump-and-dump schemes. Decided to close 2021 with a bit of an update – testing round 3 for Smart DeFi Deployer started yesterday. Our testers are actively trying “to break” SD Deployer. — FEGfannek (@FEGfannek) ខែធ្នូ 31, 2021 The FEG Token is revolutionizing the way ហិរញ្ញវត្ថុវិមជ្ឈការ (DeFi) is structured. FEG Token is dedicated to completely re-imagining and expanding how Defy operates while also providing the most robust ecosystem ever created for DeFi’s many needed improvements. The goal of FEG is to create a decentralized transaction network that runs on the Ethereum blockchain. Market fluctuations will drive FEG’s evolution, but the system it operates on makes it likely to succeed. FEG Overview FEG is a deflationary cryptocurrency with a maximum circulating supply of 100 Quadrillion units on the Binance Smart Chain and Ethereum networks. On each transaction, a total tax of 2% is levied; a tax of 1% (reflections) will be given to holders of the FEG Token, and a further tax of 1% will be burnt permanently, thus incentivizing holders to hodl while also lowering the circulating supply over time. As a result of the decreased supply, the token’s scarcity rises. A supply and demand model is created as a result of this inversely proportional connection. Furthermore, the number of tokens that may be destroyed is limitless. As a result, the value of the FEG token will continue rising. នេះ FEG token creators remain hidden, which may be a concern for some crypto investors. Nobody will be held responsible if FEG token decides to cash out and abandon its platform if no available team is behind the project. In 2021, the cryptocurrency began trading on Binance Smart Chain and Ethereum. Because there is a fixed amount of 100 quintillion tokens in circulation, the currency was worth little per unit. Many of the tokens have already been destroyed since the start. On Ethereum’s network, approximately 58 quadrillion FEG coins have been destroyed, and on Binance Smart Chain’s network, about 56 trillion. The maximum supply left is around 42 quadrillion tokens on Ethereum and approximately 44 quadrillion tokens on Binance Smart Chain. FEG Token is a hyper-deflationary token with a maximum circulating supply of 100Q (quadrillion) on both the Ethereum blockchain and the Binance Smart Chain that involves an inaccessible burn wallet. Depending on each holder’s percentage of ownership, a 2% transaction tax is distributed among all holders—this includes the burn wallet, which is essentially a holder that collects more tokens over time as transactions occur. As the circulating supply decreases, the scarcity of the token increases. This inversely proportional relationship constitutes a supply and demand model. There is no limit as to how many tokens can be burnt. Without a burning limit, holders get to enjoy a never-ending cycle of passive income with positive price pressure There is no single primary owner of the token since it is entirely decentralized. All decisions are made with the community’s interest in mind. Every transaction results in a 1% burn rate, which reduces the supply of FEG over time.What’s happening with FEG?
Proposed developments
The work never stops ??#SmartDeFi #FEG @FEGtoken @lifeisdefiFEG Token Overview
កាក់ និមិត្តរូប តម្លៃ ផ្សារ ការផ្លាស់ប្តូរ ២៤ ម៉ោងចុងក្រោយ ផ្គត់ផ្គង់ កម្រិតសំឡេង (24 ម៉ោង) EGF $ 0.000000 $ 25.50 M 4.54% 40.79 $ 93.92 K How does FEG token work?
Brief history of FEG Token
The FEG ecosystem
វិមជ្ឈការ
អត្រាដុត