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Infinite staking rewards with the SmartDeFi protocol
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 FEGNo lock-in periods: FEG allows you to stake and unstake at anytimeAutomatic compounding: Your rewards get auto distributed & compoundedUpgradeable: The contract requires no action from users when staking contract gets upgraded
I call this staking on steroids! đ
If you are interested in infinite rewards, and learn more about it, check out the FEG ecosystem and connect with the community.
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.
______
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 FEGNo lock-in periods: FEG allows you to stake and unstake at anytimeAutomatic compounding: Your rewards get auto distributed & compoundedUpgradeable: The contract requires no action from users when staking contract gets upgraded
I call this staking on steroids! đ
If you are interested in infinite rewards, and learn more about it, check out the FEG ecosystem and connect with the community.
#FEG BSC: Redefining DeFi Ecosystem
FEG Token, built on the Binance Smart Chain (BSC), stands out as a decentralized finance (DeFi) project aiming to revolutionize the space. FEG's primary focus lies in combating issues like high transaction fees and token scarcity prevalent in many blockchain networks. The token's innovative protocol incorporates several mechanisms to address these concerns.
Key Features of FEG BSC:
Reflection Mechanism: FEG employs a redistribution model where holders earn rewards through static reflection. Simply put, a percentage of each transaction is distributed among existing holders, encouraging long-term investment and holding.
Token Burn Strategy: To counter token scarcity and create scarcity-driven value, FEG implements a deflationary model by periodically burning tokens. This process reduces the total supply over time, potentially boosting the token's value.
Community-Driven Governance: FEG encourages community participation through decentralized decision-making. Token holders have a say in proposals and protocol changes, fostering a sense of ownership within the ecosystem.
Secure and Scalable: Being on the Binance Smart Chain, FEG benefits from its efficiency, low fees, and scalability, providing users with a seamless experience.
#FEGtoken
FEG Token, built on the Binance Smart Chain (BSC), stands out as a decentralized finance (DeFi) project aiming to revolutionize the space. FEG's primary focus lies in combating issues like high transaction fees and token scarcity prevalent in many blockchain networks. The token's innovative protocol incorporates several mechanisms to address these concerns.
Key Features of FEG BSC:
Reflection Mechanism: FEG employs a redistribution model where holders earn rewards through static reflection. Simply put, a percentage of each transaction is distributed among existing holders, encouraging long-term investment and holding.
Token Burn Strategy: To counter token scarcity and create scarcity-driven value, FEG implements a deflationary model by periodically burning tokens. This process reduces the total supply over time, potentially boosting the token's value.
Community-Driven Governance: FEG encourages community participation through decentralized decision-making. Token holders have a say in proposals and protocol changes, fostering a sense of ownership within the ecosystem.
Secure and Scalable: Being on the Binance Smart Chain, FEG benefits from its efficiency, low fees, and scalability, providing users with a seamless experience.
#FEGtoken
Exploring the Potential of FEG BSC and Zano Cryptocurrencies
Cryptocurrencies have become a significant player in the global financial landscape, offering innovative solutions and investment opportunities. Among the myriad of digital assets available, two intriguing projects have gained attention: FEG BSC and Zano. Let's delve into these cryptocurrencies to understand their unique features, potential, and impact on the crypto space.
#FEGtoken #FEG #ZANO #trendingtoday
Cryptocurrencies have become a significant player in the global financial landscape, offering innovative solutions and investment opportunities. Among the myriad of digital assets available, two intriguing projects have gained attention: FEG BSC and Zano. Let's delve into these cryptocurrencies to understand their unique features, potential, and impact on the crypto space.
#FEGtoken #FEG #ZANO #trendingtoday
âĄď¸PUBLIC TESTING FEEDBACK SO FAR đ
Public Tests are now in action and producing some early positive results â
Here are a few samples of the early feedback from the testers in the âSD Telegram ChannelââĄď¸
1ď¸âŁâHello,
Everything works smoothly and wonderfully. I easily managed to create an SD token with backing and staking functionality. I pre-sold and it worksđŞ. Was also possible to buy and sell my (SDX) token to test the reward. If there is a FEGtrack for monitoring SD tokens, it would be interestingâ â¤ď¸
- SDX Creator
2ď¸âŁ âHaving tested the SDL, one thing is certain, DeFi will be divided into two eras, before SmartDeFi and after. Dismiss the old ways, with SmartDeFi, the future is not just ahead, the future is ours!
- @Capt_M_X from $SPARK KING
3ď¸âŁ âAfter the AMA, and gaining a little bit further understanding of the true power of Smart Defi, for sure going to get the ball rolling. Can't wait until a bit more info releases about the nitty gritty of it. These SD tutorial videos and information documents that was spoke of in the AMA help for easy deployment of a token. Keep up the great work and FEG for the winâ đ
- SigniFX
â
4ď¸âŁ âI completed almost all the steps, I did not have any problems, the completion of the steps was very smooth and perfect, I am extremely grateful to FEGrox and the strong team that are doing their best to make this project successful as it deserves, hoping for the days when FEG will stand tall among the top currenciesâ đŞđ˝
- Maqdad
ROX IS HAPPY đ
There has been so much positive progress in âPublic Testsâ so far and we can tell you that our DEVALIEN is very happy and in his own words;
âThis is exactly what was needed, improves the products and makes us fasterâ
- FEGrox
đŞđ˝â¤ď¸đŚ
THE MARKETING TEAM
#PIXEL #FEGtoken #BTC;
Public Tests are now in action and producing some early positive results â
Here are a few samples of the early feedback from the testers in the âSD Telegram ChannelââĄď¸
1ď¸âŁâHello,
Everything works smoothly and wonderfully. I easily managed to create an SD token with backing and staking functionality. I pre-sold and it worksđŞ. Was also possible to buy and sell my (SDX) token to test the reward. If there is a FEGtrack for monitoring SD tokens, it would be interestingâ â¤ď¸
- SDX Creator
2ď¸âŁ âHaving tested the SDL, one thing is certain, DeFi will be divided into two eras, before SmartDeFi and after. Dismiss the old ways, with SmartDeFi, the future is not just ahead, the future is ours!
- @Capt_M_X from $SPARK KING
3ď¸âŁ âAfter the AMA, and gaining a little bit further understanding of the true power of Smart Defi, for sure going to get the ball rolling. Can't wait until a bit more info releases about the nitty gritty of it. These SD tutorial videos and information documents that was spoke of in the AMA help for easy deployment of a token. Keep up the great work and FEG for the winâ đ
- SigniFX
â
4ď¸âŁ âI completed almost all the steps, I did not have any problems, the completion of the steps was very smooth and perfect, I am extremely grateful to FEGrox and the strong team that are doing their best to make this project successful as it deserves, hoping for the days when FEG will stand tall among the top currenciesâ đŞđ˝
- Maqdad
ROX IS HAPPY đ
There has been so much positive progress in âPublic Testsâ so far and we can tell you that our DEVALIEN is very happy and in his own words;
âThis is exactly what was needed, improves the products and makes us fasterâ
- FEGrox
đŞđ˝â¤ď¸đŚ
THE MARKETING TEAM
#PIXEL #FEGtoken #BTC;
