FEED EVERY GORILLA
Crypto Overview
Project Overview
FEG Token is a decentralized transaction protocol launched in 2021. The project aims to provide a decentralized exchange (FEGex) and various DeFi services while incorporating a deflationary mechanism where 2% of each transaction is burned and another 2% is redistributed to holders.
Intended Utility
The primary utilities of FEG include: serving as the native token for the FEGex decentralized exchange, providing liquidity pool incentives, enabling staking rewards through fWrap (their staking mechanism), and powering the project's ecosystem of DeFi products.
Current Usage and Development
FEG is actively used on their FEGex platform for trading and liquidity provision. The project maintains regular development activity, with updates to their smart contracts and platform features. The ecosystem includes SmartDeFi, fWrap, and other DeFi tools.
Business Model Analysis
The project generates revenue through trading fees on FEGex and various DeFi services. The core business model revolves around providing decentralized exchange services and DeFi functionality.
Token Distribution
FEG was launched with no presale, and tokens were distributed through public listing. The initial liquidity was locked, demonstrating commitment to project longevity. There was no pre-allocation to team members or founders.
Development vs Marketing
While the project maintains active marketing presence, there is substantial development activity evidenced by regular updates to the platform and implementation of new features.
Crypto Impact
To assign a comfort level investing in FEED EVERY GORILLA from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to FEED EVERY GORILLA.
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