With the SmartDeFi™ LaunchPad, developed by FEG, right around the corner, I wanted to take the opportunity to try to explain in simple terms what it can mean for you and the possibility to earn infinite rewards simply by staking $FEG.
What is SmartDeFi™?
Let's first cover the basics. The SmartDeFi™ protocol has been developed by #FEGtoken during this last bear market, but was visioned a long time before that as well.
SmartDeFi™ and its LaunchPad allows any average user to create on the fly what is arguably the most advanced crypto token available to the public at this time, on either $BNB Smart Chain or on $ETH , with plans to expand to other blockchains in the near future. This technology is made available through the SmartDeFi™ Token Launchpad - FREE of charge. It's a protocol released from the $FEG Ecosystem, and it is one of the cornerstones and the foundation in the project's success for the future. I'll cover more about the full protocol in another article.
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SmartDeFi™ Staking
Today, we are looking into one of the many out-of-the-box utilities within the SmartDeFi™ protocol; SmartDeFi™ Staking. We can divide it into two, staking of the governance token $FEG, and staking for all other SmartDeFi™ tokens.
In this article I'll be covering "Staking of the governance token $FEG". If you are staking $FEG there will soon be multiple streams rewarding you by doing that. Let's look closer to the different streams you'll be earning rewards from:
FEG tokenomics: 1% of every buy and 2% of every sell is going directly to FEG stakers. This means as long as there is volume, there will be rewards coming your way in FEG. The greatest benefit of this is that your stake compounds, so your staked amount of FEG will increase over time.
Protocol fee: From all tokens launching of the SmartDeFi™ LaunchPad there is a set protocol fee of 0.5% that FEG allocates as they need. As of now, 0.1% of the 0.5% will go directly to FEG stakers as wBNB/wETH rewards (depending on the chain you are staking). This means that you will get rewards from every buy and sell from all SmartDeFi™ tokens.
SmartDeFi™ token staking fee: As I mentioned earlier, the SmartDeFi™ protocol comes with a lot of utility out of the box. One of the utilities is Staking. This means that tokens launched from the SmartDeFi™ LaunchPad can deploy staking for their token in a click. If they choose to, there is a staking fee at 1% of said token that is rewarded to FEG stakers. This means that by staking FEG, you will be rewarded with all tokens deploying staking for their token. If 100 projects activate staking, you'll receive rewards from all 100 projects. Imagine if one of those tokens skyrockets, and you already have a bag of them just by staking $FEG.
Other coming streams: As everything within the $FEG Ecosystem is being built for the users, there will be additional reward streams for FEG stakers from upcoming utility (FTW & Aggregator).
Other highlights when staking FEG on the SmartDeFi™ Staking protocol:
Zero fees: No deposit or withdrawal fees for staking your FEG
No lock-in periods: FEG allows you to stake and unstake at anytime
Automatic compounding: Your rewards get auto distributed & compounded
Upgradeable: The contract requires no action from users when staking contract gets upgraded
I call this staking on steroids! 🚀
If you are interested in infinite rewards, and learn more about it, check out the FEG ecosystem and connect with the community.