Feed Every Gorilla (FEG)
FEG token seems like another name among the best cryptos to buy for 2022 that can deliver multi-fold returns.
The idea behind FEG token is to provide a decentralized transaction network, which operates on the Ethereum blockchain (ERC-20) and the Binance Smart Chain (BEP-20).
I believe that there are two important reasons to be bullish on the token.
First and foremost, FEG is developing smart decentralized finance. In the last 12-18 months, decentralized finance has boomed. The total assets locked in decentralized finance are likely to be in excess of $200 billion. With FEG intending to bring further improvement and innovation, the opportunity is significant.
Furthermore, FEG is a hyper-deflationary token with a current supply of 42 quadrillion. While the supply is high, there is a continuous burn on both the Ethereum blockchain and the Binance Smart Chain. Each transaction triggers a burn rate of approximately 1% and this will reduce the supply over time. Additionally, holders are rewarded with 1% tax on each transaction. This might not seem significant in the short-term, but would be meaningful if FEG token provides multi-fold returns in the next 6-12 months.
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FEG project was launched in 2021 and the FEG team believes that they are still at 30% of the development work. Once more innovations are introduced in the form of smart DeFi, the token has massive upside potential.
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