As the crypto market is so huge, you may come across a new token every day. These low-valued altcoins pose great investment opportunities.
Looking at the current market scenario, it is the best time to buy these tokens as their value will appreciate once the market starts to rise again.
On the other hand, one such altcoin that will boom in the coming years is the FEG token. The coin grabbed everyone’s attention when it appreciated over 3000% in just a few months.
So, are you wondering about investing in this coin but unsure how to buy FEG Token? Leave all your doubts to us. In this article, we will discuss the key topics related to this cryptocurrency, including:
- What Is FEG Token?
- How To Buy FEG Token?
- Where To Buy FEG Token?
What Is FEG Token?
FEGtoken is a Binance Smart Chain (BEP-20) and Ethereum-based (ERC-20) project. However, the team that developed the token remains anonymous, raising red flags for some investors.
Despite being based on two different blockchains, these tokens are independent of each other. On the other hand, FEGtoken is a deflationary crypto coin, meaning it will become scarce over time.
The investor is charged a 2% fee for selling their tokens. Out of which, 1% is burnt, and the remaining 1% is distributed among other token holders.
In addition, the token began trading on Binance Smart Chain and Ethereum blockchain in February 2021. As the maximum supply of this token is limited to 100 quadrillions, it is worth buying it right now.
So now that you learned what is FEG Token, let’s move forward to the next topic.
How To Buy FEG Token?
You can buy FEG tokens in four of the major ways: FEGex, Uniswap (V2), PancakeSwap, and Gate.io. Out of them, Binance Smart Chain’s PancakeSwap and Ethereum’s Uniswap.
So, if you’re wondering how to buy a FEG token, here’s a step-by-step guide to get started:
Open A Trading Account:
As you’ll need Ether or BNB coin to buy FEGtoken, you must first open a trading account with a crypto exchange that supports both these coins.
On the other hand, if you opt to buy FEGtoken through Uniswap on Ethereum’s network, you may have to pay a higher transaction fee as it is a proof-of-work blockchain.
However, PancakeSwap on Binance Smart Chain offers a low transaction fee. For this, you’ll need a BNB coin and a software wallet to connect to PancakeSwap.
On the other hand, the best FEG token wallet for both Ethereum and BSC is Metamask.
Download A Wallet:
To use Uniswap or PancakeSwap, you’ll need to download a self-custody software wallet. There are a variety of software wallets available; however, MetaMask is the best option for BSC and Ethereum.
Alternatively, you can use a cryptocurrency hardware wallet if you want to keep your crypto assets in the most secure manner possible.
In fact, Hardware wallets are physical devices that keep your cryptocurrency offline, making it difficult for internet hackers to steal it.
As a part of the setting, you’ll need to choose a username for FEG token wallet.
Purchase ETH and Transfer it to Your Crypto Wallet:
To buy Ethereum, you’ll need to create an account on any crypto exchange. After the account opening procedure completes, buy Ethereum crypto.
The process you send ETH to your Wallet may differ depending on whether you’re using the mobile app or the Chrome extension.
Use Your ETH to Purchase FEGtoken:
If you have a software wallet already installed on your phone, you may buy FEG Token directly from the app.
Open the app and then go to the “Trade” page, where you can exchange ETH for an Ethereum-based token, including the FEG token.
Select FEGtoken from the “choose coin” menu. Next, enter the amount of ETH you want to convert to FEGtoken.
Don’t forget to make a budget for transaction costs. Then, confirm your purchase and complete the process by following the on-screen instructions.
Where To Buy FEG Token?
As mentioned above, there are four major ways to buy FEG tokens. Here, we have listed the top 4 places to buy FEG tokens:
FEGex (FEG Exchange):
FEG Exchange (FEGex) is a multi-chain decentralized exchange platform designed to make trading easier and more lucrative.
On the other hand, FEGex is the best place to buy FEG tokens, all thanks to its features and trading services.
The features of the exchange include gas rebates on every transaction, built-in Tradingview charts, and single-sided staking that pays out in wrapped BNB, ETH, BTC, and USDT.
The advanced feature of the platform – FEGdeployer, also provides secure presale features, allowing you to create liquidity while also automatically deploying your token on FEGex.
The exchange is whitelist contract-enabled, flash-loan safe, and has a one-year automatic lock on liquidity.
On the Ethereum blockchain, Uniswap is the largest decentralized exchange (or DEX). It allows users from all around the world to exchange cryptocurrency without the necessity of an intermediary.
The platform allows you to buy or sell FEG tokens quite easily. It was launched on November 2nd, 2018.
In simple words, Uniswap is a straightforward smart contract interface for exchanging ERC20 tokens. Moreover, as FEG is an ERC20 token, you can easily buy this token on the platform.
Additionally, it has a structured liquidity reserve pooling model. It is dedicated to offering free and decentralized asset exchange and acts as an open-source frontend interface for traders and liquidity providers.
PancakeSwap is an automated market maker (AMM), decentralized finance (DeFi) platform that lets users trade tokens while also providing liquidity and earning in return.
It’s a decentralized exchange for transferring BEP-20 tokens on Binance Smart Chain that started in September 2020. As it supports BEP-20, you can easily buy FEGtoken on this platform.
Users of PancakeSwap trade against a liquidity pool using an automated market maker methodology. They deposit funds into these pools in exchange for liquidity provider (LP) tokens.
These tokens can then be redeemed for a piece of the pool as well as a percentage of the trading costs. FLIP is the name given to these LP tokens.
Users may trade BEP20 tokens, offer liquidity to the exchange and earn fees, stake LP tokens to earn CAKE, stake CAKE to earn additional CAKE, and stake CAKE to earn tokens from other projects using PancakeSwap.
Gate.io, founded in 2013, is a global digital asset platform offering over 1400 cryptocurrencies and 2500 trading pairs.
The platform offers features such as spot, NFTs, margin, copy trading, leverage, derivatives, API trading, and another trading, lending, and staking features.
Gate.io also offers trading rewards and discounts using GateToken, its native exchange token. Alternatively, you can buy other crypto tokens, including the FEG token.
Gate.io’s aim is to help the blockchain industry by offering consumers and businesses throughout the world safe and trustworthy goods and services.
Additionally, the platform offers online customer service 24 hours a day, seven days a week, and connects directly with its community through social media platforms like Facebook and Twitter.
Start cryptocurrency trading with a trustworthy broker like PrimeFin after gaining full knowledge of currency investment. Read booklets and have online classes given on brokers’ websites for gathering good knowledge and experience.
Is FEG Token A Good Investment in 2022?
If you’re still wondering whether the FEG token is a good investment or not, you must think about all the possibilities.
Before you buy a FEGtoken, you should be aware that micro-capped coins, such as FEG, are extremely volatile.
While their values may reach high levels in the short term, any hack or DeFi vulnerability might bring them back to zero in the long run. Likewise, what happened with Terra Luna.
Considering the price trend of this token over the past few months, the price of FEG has been on a downward trend.
Any trader can see that the price is only a matter of time before it reverses and makes a lower high. Even a lower peak might provide gains of 200-300 percent from current levels.
As a result, buying a FEGtoken for a quick profit is a good idea. However, any long-term investment in the ‘Feed Every Gorilla’ token should be delayed until the project gains traction.
The risk of failure would be significantly reduced compared to simply buying and holding at current prices.
The Bottom Line:
As we are wrapping up this topic, hope you all have gained much information about the FEG token. Additionally, we have also covered key topics like What is FEG token, How to buy FEG tokens, and where to buy FEG tokens?
So now, if you’re considering investing in this cryptocurrency, we advise you to first research it deeply as these micro-capped tokens pose a greater risk because of their highly-volatile nature.
How Much Is FEG Token Worth?
The current price of this crypto token is $0.000000001796. However, the prices continue to change due to high volatility.
How Many FEG Tokens Are Left?
The token has a total supply of 100 quadrillions, with over 41 quadrillions in circulation right now.
Who Is The Owner of FEG Token?
FEG is a fully decentralized token, meaning there is no one main owner of the token.
How Do You Get FEG Tokens?
You can buy FEGtoken via crypto exchange platforms such as Uniswap and PancakeSwap.
Will FEG Token Ever Go Up?
According to many market analysts, FEG could be worth $0.00000002 in 2023 and as high as $0.00000032 in 2030.
What Is FEG Wrap?
The FEG Wrap (fWrap) is a FEGex feature that allows traders to start earning rewards on tokens.