tg-me.com/fegtoken/626
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📋 $FEG’s Transition to Binance Smart Chain (BSC)
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● What We’re Doing and Why
We’re transitioning the entire FEG ecosystem to Binance Smart Chain (BSC) to streamline operations and build a stronger foundation. Managing multiple chains has been inefficient, and this move will simplify operations, strengthen tokenomics, and improve the user experience.
The transition will ensure balances and claims are handled fairly using pre-exploit data for airdrops and refunds to maintain accuracy.
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● Updated Tokenomics
To enhance the ecosystem on BSC, we’ve optimized our tokenomics:
🔄 Buys: 3%
Staking – 1% (Rewarding FEG stakers)
Burn – 2% (Driving scarcity and increasing value)
🔄 Sells: 5%
Staking – 1% (Rewarding FEG stakers)
Asset Backing – 0.5% (Strengthening intrinsic value)
Growth Fund – 0.5% (Supporting development and marketing efforts)
Liquidity Injection – 1% (Boosting liquidity to reduce price volatility)
Burn – 2% (Driving scarcity and increasing value)
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● Starting Price on BSC
The starting price for FEG on BSC will be determined by the current price seen on decentralized exchanges (DEX) at the time of the transition.
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● Key Steps to Make This Happen
1️⃣ Airdrop and Balances (Using Pre-Exploit Data)
Base and ETH Holders: Airdrops will be distributed to eligible addresses on BSC based on pre-exploit balances.
Stakers: Staking balances for Base and ETH holders will automatically transition to BSC without any user action.
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2️⃣ Keeping Contracts and Ecosystem Stable
BSC Contract Stability: The current FEG contract on BSC will remain unchanged to ensure stability.
ROX Claims:
BSC: Existing claim contracts will remain active.
ETH: A new process will be created to handle ETH claims (release date TBD).
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3️⃣ Buybacks and Burns
Liquidity Strengthening: We’ll conduct buybacks on the FEG/BNB pair, reducing circulating supply and stabilizing price.
Temporary Burn Boost: Post-transition, we’ll temporarily increase the burn rate to further reduce supply.
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4️⃣ Centralized Exchanges (CEXs)
We’re consolidating CEX operations on BSC, ensuring smooth airdrops and liquidity adjustments with our exchange partners.
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5️⃣ Focusing All Efforts on BSC
Moving forward, BSC will be the primary chain for all FEG-related developments.
Our goals:
Strengthening liquidity pools to support larger trades and reduce volatility.
Shifting resources and community engagement to focus on BSC.
Locking in a solid foundation before considering other chains.
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6️⃣ Refund Process (Using Pre-Exploit Data)
• Refund + 25% Loyalty Bonus:
Users who bought post-exploit and returned tokens will get a refund plus a 25% bonus.
Users who sold some tokens but returned the remaining balance will receive an adjusted refund.
• Standard Refund (No Bonus):
Users who returned tokens purchased before the exploit will get a straight refund in FEG tokens.
• No Refund for These Cases:
Users who made more profit than their refund amount.
Users who didn’t return their full balances or attempted to hide tokens.
Users who sent tokens to CEXs and didn’t follow the process.
Users who never returned tokens for verification.
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We sincerely appreciate your patience as we finalize airdrop numbers with CEXs and coordinate the release date. Our shared goal is to bring FEG back, better than ever!
More updates will follow!
💪🦍❤️
BY FEG (Feed Every Gorilla)
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