![FEG Token [NEW]](https://price-coin.xxi2.com/uploads/currencies/fegtoken-v2.png)
| General information | |
|---|---|
| Global rank: | 3305 |
| Name: |
FEG Token [NEW] |
| Symbol: | FEG |
| Current coin price (ERN): | 0.005 ERN |
| Last hour: | arrow_upward0.260 % |
| Last 24 hours: | arrow_upward5.78 % |
| Last 7 days: | 19.91 %trending_up |
| Capitalisation (ERN): | 0.000000 ERN |
| Volume 24h (ERN): | 3 104 955.00 ERN |
| Available supply: | 0.000000 FEG |
| Total coin supply: | -1 FEG |
| Start date: | 2021-01-31 |
FEG Token [NEW]/Eritrean Nakfa (FEG/ERN) price chart
FEG Token [NEW]/Eritrean Nakfa (FEG/ERN) capitalisation and volume charts
The main idea behind FEG is to provide a decentralized transaction network which operates on the Ethereum blockchain. The path forward for FEG is determined by market fluctuations, but the model it runs on begs FEG to succeed.
FEG is a fully decentralized deflationary token with a max circulating supply of 100 Quadrillion. On each transaction, a tax of 1% will be distributed to the holders and a further 1% will be burnt, hence incentivizing holders to hodl and decreasing the supply overtime. As the supply decreases, the scarcity of the token increases. This inversely-proportional relationship constitutes a supply and demand model. Furthermore, there is no limit as to how many tokens can be burnt.