FEG Token is a hyper-deflationary governance token at the heart of an ecosystem that offers passive income, a decentralised exchange (DEX), the ability to create new tokens, and a number of other tools.
This guide will show you how to buy FEG Token and take a look at what gives the token value.
FEG Token isn’t currently available on any major exchanges, but you can still buy FEG quickly and safely from the decentralised exchange Uniswap by following these steps.
You will need some ETH to get started so sign up with a regulated exchange or broker, supply any details it asks for, and complete the KYC process if necessary by providing a photo ID. Click on the link below to register with our top recommended platform for buying ETH.
Next, you will need to buy some ETH to swap for FEG later. Choose one of the payment options on the deposit page to fund your account. Find the trading pair for ETH and your local currency. Now you can just enter how much you wish to purchase and hit the “Buy” button.
You will need to create a wallet such as MetaMask or Trust Wallet that is compatible with Web 3.0. Copy the address of your wallet and paste it into the “Withdraw” page on the platform where you bought ETH. Now you can send your ETH from the platform to your wallet.
Head over to Uniswap and click “Connect Wallet” in the top right corner. Select your wallet from the window that pops up and grant Uniswap permission to access it. This doesn’t cost anything and won’t put the funds in your wallet at risk. It just enables you to interact with the app.
Set the input currency as ETH and the output currency as FEG. Enter how much you wish to swap in either ETH or FEG. You will be shown the swap price and how much you will need to pay in fees (keep a bit of extra ETH in your wallet to cover swap fees). Now simply click “Swap”.
To purchase FEG, you will first need to buy some ETH that you can swap for it. Most crypto brokers and exchanges offer ETH, but a regulated and reputable platform is the best option. It’s also worth considering whether there are any specific features you want, such as leverage or copy trading. Below is a shortlist of the top platforms for buying ETH.
Being well informed about your investments is crucial to success. Here are a few factors you may want to consider before buying FEG.
Multi-Chain DEX. The project’s DEX, FEGex, supports five different blockchains and enables trading, staking, lending, and wrapping within a single interface. This interoperability and convenience improves upon the services offered by many of its competitors.
Smart DeFi Tools. Users can create their own tokens with the SmartDeFi Deployer and take advantage of low-fee swaps, frictionless rewards, and asset-backed intrinsic value. The tokens can also be used as collateral to take out interest-free loans.
Hyper-Deflationary Token. More than 1% of every FEG Token transaction is burned (permanently removed from circulation). This decreasing supply could make FEG more valuable over time. What’s more, the token provides its holders with governance rights and passive income.