Gate.io AMA with FEG-Building True DeFi

2023-02-13, 07:50

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![](https://gimg2.gateimg.com/image/article/167627415311.jpeg)
**<font size=4>Time: Sep 23rd, 2022, 13:00 UTC
[Gate.io](https://www.gate.io "Gate.io") hosted an AMA (Ask-Me-Anything) session with the Global Project Manager of FEG, RTRcrypto in the [Gate.io Exchange Community](https://t.me/gateio "Gate.io Exchange Community").
Official Website: https://fegtoken.com/  
Twitter: https://twitter.com/FEGtoken  
Follow FEG on [Twitter](https://twitter.com/FEGtoken "Twitter") and [Telegram](https://t.me/fegchat "Telegram")
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**Guest**
![](https://gimg2.gateimg.com/image/article/167627457922.jpg)
**RTRcrypto — Global Project Manager of FEG**
## Q&A from Gate.io
### Q1: Why don't we start with a brief introduction about yourself and the project?
**RTRcrypto**: I am RTRcrypto, Global Project Manager for FEED EVERY GORILLA (FEG) Token.

FEGtoken has been live since January 2021 on the ETH blockchain and Feb 2021 on the BSC chain.

Previously we had been running FEGtoken as the governance token for our custom built Decentralized Exchange; however, we are currently pivoting our utility to focus on a non-custodial Peer-2-Peer Limit Order trading platform for Cryptocurrencies & NFT’s, our Crypto Token Launchpad, and Aggregator/router for market trading of Decentralized projects.

All of which will run initially on <a href="/ru/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> & Binance Smart Chains and expand to multiple EVM Blockchains, revolving around the new "FEG" token launching off of our SmartDeFi Technology in Q4 of 2022.
![](https://gimg2.gateimg.com/image/article/167627455644.png)
More information on this Migration to SmartDeFi can be found at: https://docs.fegtoken.com/new-v2-hybrid-token/feg-migration-information.

### Q2: We've heard that FEG is changing tokenomics. Can you give us some background on that as well as touch upon taxes?
**RTRcrypto**: When FEG Token was initially launched there were no integrated fees for growth such as Marketing & Development.

When we migrate FEG token and place it on our SmartDeFi technology, we are incorporating taxes to help grow the project in a way we found ourselves limited with in the past.

We are very excited to see where this can take us!

We are also excited to note that previously there was a 2% trading tax, as the token was hyper-deflationary (60% and growing of that 2% going to the burn address and the remainder going to the community), moving forward there is a 2% tax all of which will be going directly to staking rewards!

This is only one of several means that FEG stakers will be rewarded in the ecosystem moving forward, more explanations to come during this AMA.

### Q3: What would you say is the future utility of FEG tokens?
**RTRcrypto**: Great question, give me one moment to get this one laid out for you!

Once FEGtoken is Migrated, it will be the Governance of the entirely new ecosystem currently developed and undergoing testing and then 3rd party audit!

As the Governance token of the ecosystem, its holders will have the ability to stake the token and earn passively from multiple locations:

2% total volume is rewarded to FEG Stakers

Peer-2-Peer trading platform "From The Wallet" or "FTW" will have per-transaction fees or a sub_script_ion model fee that will be used for Marketing, Development, and staking rewards

Note: FTW will launch initially on ETH and BSC but we plan on expanding this technology to more EVM blockchains over time, fees of which will also be used to feed Stakers of both FEGeth and FEGbsc.

The SmartDeFi launchpad technology that will bring the creation of new cryptocurrency tokens to projects with a wide range of versatility has a small integrated fee on buys and sells for all projects which will also be used in part to reward Stakers.

Note: SmartDeFi will launch initially on ETH and BSC but we plan on expanding this technology to more EVM blockchains over time, fees of which will also be used to feed stakers of both FEGeth and FEGbsc.

### Q4: I saw you mentioned FTW there. Can you give us more detail about that? What will be unique about it vs other platforms?
"From The Wallet" or "FTW" is a Limit-Order trading platform that allows the user to trade directly from their wallet to other users and vice versa.

This platform is FULLY Decentralized as the user maintains possession of their Cryptocurrency or NFT throughout the entire process!

This is the apex of P2P (peer-to-peer) trading in the Cryptocurrency and NFT space, trading in an absolute secure way without giving control over your assets to another.
![](https://gimg2.gateimg.com/image/article/167627453233.png)
We have done quite a bit of market research when it comes to OTC platforms and they all use contracts for their trading, this is NOT the case for FTW and we're excited to bring the purest form of Decentralized trading to its users!

### Q5: A very common question that users often ask is regarding audits. Would you say audits are an important part of the project's business model?
**RTRcrypto**: All of the Smart Contracts to be used in the newly developed ecosystem will be fully audited by 3rd party auditing services.

Security is of the utmost importance to the team and community!

Currently multiple lines of communication have been made with auditing services, the discussions include Non-Disclosure Agreements to protect the intellectual property we've developed as a project as well as potential cost (no final costs have been given as the auditing services need the contracts prior to giving a quote, they need this because they base the price off of the length & complexity of the code).

Once the contracts are done undergoing internal testing/improvement, NDA's can be signed, and the contracts given to the companies for quotes.

### Q6: Can you tell us about the project's SmartDefi ecosystem?
**RTRcrypto**: Absolutely, this is such an exciting topic!

SmartDeFi 2.0 tokens will be tradeable on any Centralized Exchange (CEX) or Decentralized Exchange (DEX) and can be paired against ANY TOKEN on the market (e.g., ETH, <a href="/ru/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a>, WBTC, USDC, USDt, BUSD, etc.)

SmartDeFi Token Launchpad will allow you to:

Choose whether the token is Reflective (RFI) or non-reflective (sending tokens passively to holders wallets with buy/sells/transfers)!

Mint (create) the token!

Host an internal Presale with a number of options to launch with a desired amount of liquidity!

Allocate a percentage of the newly minted token to a Growth fund for future developments (held by the team)!

Lock the liquidity for X amount of time and/or set up a Vesting time for tokens!

Set a desired Asset-Backing tax percentage for every buy/sell (a tax amount that is sent to a separate liquidity pool that only goes up, regardless of market movement, that can be exchanged by "burning" your token to the dead address)!

Use our SmartLend feature, allowing users to take an interest free loan for 30 days against the value of their token in asset-backing amount!

Create your own Staking pool with desired reward percentages!

The beauty of using the SmartDeFi launchpad is that the Deployer from which you will launch will be fully audited!

*Create a FULLY AUDTED token* with the click of a few buttons and know that it is built correctly *AT NO COST to launch*!

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<div>Author:** Rio Fu.**, Gate.io Community
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
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