• Language & Exchange Rate Switch
  • Preference Settings
    Rise/fall colour
    Start-End Time of the Change
Announcements Gate.io The announcement on delaying the opening of FEG for 2 hours

Gate.io The announcement on delaying the opening of FEG for 2 hours

2021-05-12 04:08:11 UTC 203367 Read
According to the current technical analysis, the current blockchain network is seriously blocked, some FEG recharge transactions have been delayed by 30-60 minutes, in order to pre-recharge users to recharge the account as soon as opening and to ensure smooth liquidity, we will delay the opening trading time of FEG for 2 hours and the new opening trading time is on May 12, 2021 06:00 (UTC).

FEG is a 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. Without a burning limit you know what happens next. Each on-chain transfer (recharge and withdrawal) blockchain will charge a 2% fee, which is not collected by the platform. At the same time to covers the transfer cost collected by the user's recharge (the platform needs to initiate a transaction to hot wallet after the user recharges), An additional 2% handling fee is required when withdrawing cash, so please be sure to understand the rules.

Deposit FEG at https://www.gate.io/myaccount/deposit/FEG
Trade FEG in USDT market via: https://www.gate.io/trade/FEG_USDT

Gate.io is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support.

Gate.io Team
May 12, 2021

Get 40% of all referees' trading fees in the affiliate program at https://www.gate.io/referral
Click to Sign up :https://www.gate.io/m#/register
Download it now at: https://www.gate.io/mobileapp

Follow us on social
Facebook: https://facebook.com/gateioglobal
Twitter: https://twitter.com/gate_io
Share Posts
Related Articles
Gate.io Startup:Cookie (COOKIE) Initial Sale Result & Listing Schedule Gate.io Startup:Petoshi (PETOSHI) Initial Sale Result & Listing Schedule Announcement on Gate Web3 Startup Token Project AgoraHub(AGA) and Rules of Participation in Win and... An Email Platform Connecting Web2 and Web3: EtherMail(EMT) Trading Competition is Live, Join and S... Backed by A Vibrant Community: Landwolf(WOLF) Trading Competition is Live, Join and Share $10,000 Re... Participate in Gate Learn's Creative Column! Earn Rewards and Exclusive Collectibles!...
Language and Region
Exchange Rate
Go to Gate.TR?
Gate.TR is online now.
You can click and go to Gate.TR or stay at Gate.io.