# About FEG token

### Overview

FEG is the core token of the FEG ecosystem on BNB Chain.

It acts as the ecosystem's value and rewards layer. Eligible SmartDeFi™ activity can flow value back to FEG through staking, backing growth, and lending utility.

### Quick facts

* **Chain:** BNB Chain
* **Main utilities:** staking, asset-backing, and [SmartLending](https://docs.feg.io/smartdefi-tm-platform/smartdefi-protocol/smartlending)
* **Token mechanics:** [FEG Tokenomics](https://docs.feg.io/feg-smartdefi-tm/about-feg-token/feg-tokenomics)
* **How to buy:** [How To Buy FEG](https://docs.feg.io/feg-smartdefi-tm/how-to-buy-feg)

### What FEG does

FEG sits at the center of the ecosystem on BNB Chain.

Core utility includes:

* Staking rewards from eligible ecosystem activity
* Exposure to [asset-backing](https://docs.feg.io/smartdefi-tm-platform/smartdefi-protocol/asset-backing) growth
* Access to interest-free [SmartLending](https://docs.feg.io/smartdefi-tm-platform/smartdefi-protocol/smartlending)
* Participation in the wider SmartDeFi™ platform

### Rewards, backing, and lending

Holders can stake FEG to earn rewards.

Reward flow comes from FEG trading and eligible SmartDeFi™ ecosystem activity on that chain. As ecosystem volume grows, staking can grow with it.

FEG also includes asset-backing. That creates a baseline value supported by backing assets inside the protocol.

That baseline can rise over time and helps narrow the gap between market price and underlying backing value.

Holders can also use SmartLending to borrow against eligible backed value without selling their tokens. Read more in [Asset-Backing](https://docs.feg.io/smartdefi-tm-platform/smartdefi-protocol/asset-backing) and [SmartLending](https://docs.feg.io/smartdefi-tm-platform/smartdefi-protocol/smartlending).

### Trading and tokenomics

FEG uses configurable [tokenomics](https://docs.feg.io/feg-smartdefi-tm/about-feg-token/feg-tokenomics) to support staking, backing growth, liquidity, operations, and burn mechanics.

You can trade FEG on decentralized and centralized platforms.

Primary trading routes:

* [SmartDeFi™](https://smartdefi.com)
* [PancakeSwap](https://pancakeswap.finance/swap?outputCurrency=0xF3c7CECF8cBC3066F9a87b310cEBE198d00479aC)
* Centralized exchanges such as [CoinW](https://www.coinw.com/spot/fegusdt), [MEXC](https://www.mexc.com/exchange/FEG_USDT?_from=search_spot_trade), and [Gate](https://www.gate.io/trade/FEG_USDT)

For the full list and wallet setup flow, see [How To Buy FEG](https://docs.feg.io/feg-smartdefi-tm/how-to-buy-feg).

### Official contract address on BNB Chain

Use only the official contract address when buying, swapping, or adding FEG to a wallet.

{% hint style="warning" %}
Always verify the contract address before sending funds or importing the token into a wallet.
{% endhint %}

```
0xF3c7CECF8cBC3066F9a87b310cEBE198d00479aC
```

<figure><img src="https://2386800436-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fe2zmL2Gy4F4wZ3WcOYRc%2Fuploads%2F4vkZrHk9if6cIgHYJ35y%2FFEGxSmartDeFi%E2%84%A2-lowres_page-0003.jpg?alt=media&#x26;token=35a7fa21-6ee9-407f-9000-345b9ff90a47" alt=""><figcaption><p>Official FEG contract address on BNB Chain.</p></figcaption></figure>

### History

FEG first launched on BNB Chain in February 2021.

In March 2023, it relaunched through the SmartDeFi™ Launchpad with stronger security and upgraded features.

On May 27, 2024, FEG upgraded again to the latest SmartDeFi™ version.

### Next steps

* Review the buy and sell tax model in [FEG Tokenomics](https://docs.feg.io/feg-smartdefi-tm/about-feg-token/feg-tokenomics)
* Learn where the reserve value comes from in [Asset-Backing](https://docs.feg.io/smartdefi-tm-platform/smartdefi-protocol/asset-backing)
* Follow the purchase flow in [How To Buy FEG](https://docs.feg.io/feg-smartdefi-tm/how-to-buy-feg)


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