Coin Healthcheck: Feed Every Gorilla Token (FEG)

The new DailyCoin project investigates the health of trending cryptos.


Feed Every Gorilla Token (FEG) is a deflationary governance token of the FEG ecosystem, which includes decentralized exchange and several passive income incentives. 

FEG token is meant to reshape the working model of decentralized transaction networks. 


The token went live on Ethereum and Binance Smart Chain networks in early 2021.


State of Project

✅ Aims to provide a decentralized transaction network, which operates on the Ethereum blockchain and the Binance Smart Chain (BSC).

✅ Deflationary token with 100 quadrillions (100,000 trillion) max supply. Burns tokens with each transaction. 


✅  Incentivizes holding by distributing a 1% transaction fee among holders. 

✅ Provides the decision-making rights for decentralized exchange FEGex. 

✅ Can be used for swapping, staking, creating wrapped tokens, or locking FEGs in the liquidity pools (Uniswap/PackeSwap/FEGex).

Website & Whitepaper:

✅ Provides service description, whitepaper, tokenomics and rewards documentation, audit review, contacts. 

❌ Whitepaper provides a description of services but gives no information about the underlying technology, solutions or methods that have been used to develop them. 


Development stage:

✅ Beta version of FEGex, a bridge that makes cross-chain swaps possible between the two blockchains.

✅ Direct swapping, staking, wrapping, internal liquidity locking features are available.

✅ SmartDeFi technology implemented. Makes DeFi rug-proof, reduces gas fees, better rewards through frictionless yield. 



✅ Further development and UI redesign plans for FEGex cross-chain bridge.

❌ Implementation timelines not specified.

Declaration of an upcoming expansion to Avalanche, FTM and Polygon blockchains.



✅ 100% of liquidity generated through public listings (UniSwap, PancakeSwap, FEGex). 


Has 19 admins and almost 30 social media moderators. 

❌ The roles of admins are not specified. 

❌ The absolute majority of team memebers hide their identities.

✅ They are all reachable via social media accounts, created soon after the FEG token launch. The full team list is here

✅ FEG is the official partner of the Pan African Sanctuary Alliance (PASA), an alliance of  African wildlife protection centers across 13 countries.

❌ Token has no venture capital investors. 



✅ Huge follower bases on Twitter (311K), Instagram (141K) and Telegram (131K), Reddit and Discord come with lower numbers (over 13K each). 

❌ No official LinkedIn account.

✅ Active communication, posts on achievements, listings, give-aways.

❌ “To the moon” type communities.

❌ Outside communities users claim the lack of solid discussions and blocking for critical opinion. 

Key Metrics

Max supply: 100 quadrillion tokens 

Circulating supply: 41 quadrillion

Market cap: $358 million

Trading volume: Typically below $10M/24h. Over $200M at price ATH. 


Exchange listings:

✅ UniSwap, PankaceSwap and other DEXes on both blockchains. Check up the full list

Upcoming listing on BitMart CEX. Online research warns, an exchange is possibly a scam, that freezes funds without explanations and replies from support.


Token allocation:

❌ 57% of FEG supply on the Ethereum network. 54% on BSC (numbers provided by official audit). 

✅  90K wallets on Ethereum. Almost 74% of them are wallets holding over $3M FEG each.

✅ Over 800K wallets on BSC. Nearly 30 wallets hold more than $1M worth of FEGs.

✅ Available via Trust Wallet, MetaMask, Binance Chain Wallet wallets.


Price movements:

FEG reached ATH 3 months after launch. Lost over 50% in 10 days since. The token is 80% down from the all-time high at the time of writing.

Information correct as of 15/11/21

Please see All Time Price Movement here

  • The idea of providing a bridge for ERC-20 and BEP-20 token swaps is not new or unique. There are multiple projects in the crypto space working on that. 
  • The project has several transparency issues. Its future development plan looks abstract and has no specific timelines whenever upgrades will be implemented. The team behind the project is anonymous and has more marketers than engineers and developers. 
  • Whitepaper gives enough information on services, but nothing about the underlying technology and development. Looks more like a marketing paper than an actual whitepaper. In the meantime, the project really has big and active communities.
  • Listing on a centralized exchange is nearest plans. However, it might be not the reputable one and possibly  involved in previous scams.
  • With this in mind, we remain cautious about treating Feed Every Gorilla Token (FEG) as a sustainable investment.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia