1) Hi there, can you give a quick introduction about yourself? What is your experience before crypto?
Hey there, absolutely! My name is Build The Life and I’m a Moderator in the BabyFEG token community. Before crypto, my experiences are within finance – more specifically, working for an accountancy practice.
2) BabyFEG, son of FEG. This is interesting. Can you tell us more about BabyFEG?
Great question!
In a snapshot, these are the key points:
* BabyFEG is a meme coin
* BabyFEG is not associated with FEG token
* We do, however, give our reflections out in FEG via 7% of our daily transacted volume
* We are renowned for have a strong, passionate, and intelligent community
* We aim to educate investors and potential investors about the benefits of the FEG ecosystem
* We have a roadmap with a long term outlook
* Ownership of our contract has been renounced
* Dev wallets have been transparently reduced in liaison with the community
* 2 Audits ( 1 Doxxed)
* We are in crypto to make money and we try to educate on passive income opportunities without providing any financial advice.
* We aim to create a family where we can support and work for each other to better our lives.
3) What is your tokenomics like? Is it similar to your father?
Yeah, so 7% of our daily volume is used to buy from the FEG market, distributing excellent rewards in FEG directly to holders. 5% of our daily volume goes directly to the marketing wallet to use as a way to promote the token via influencers and promotions. 2% of our daily volume goes directly to the liquidity pool to increase our liquidity.
In addition to this, early on there were questions raised about the sizes of developer wallets which originally stood at 3% and 3%. Outside of the tokenomics of our project, from the total supply, one developer wallet was reduced by 2% (leaving a standard max 1% wallet) with the percentage now adding to our charity donation wallet, and the other developer wallet was reduced by 1% (leaving a reduced wallet of 2%) to increase our marketing wallet. These actions were taken to increase investor confidence and to demonstrate the trustworthiness of our project.
Subsequent to these personal developer wallet changes, our contract was renounced further highlighting our intention to protect investors and develop a strong community.
4) The redistribution of rewards is one of the key features. How often will one receive their rewards?
So, as I mentioned above, our reflections are distributed in FEG via 7% of our daily transacted volume.
This is a feature that we are very happy about and rightly so. FEG is incredibly undervalued at present and with their constant utility releases, it is likely that the dollar value of FEG rewards will appreciate over time. Due to our appreciation of the FEG ecosystem, we always encourage our investors to investigate the merits of passive income mechanisms via FEGex v2 staking and the fWrapping functionalities.
In terms of how often rewards are received, this depends, again, on the daily transacted volume. Rewards are distributed automatically and when the volume is high, rewards appear more frequently. On the contrary, when the volume is slightly lower, rewards are spaced out, but they do always eventually arrive. Our holders have the capability to stimulate the collection of their rewards at any time by buying or selling 1 BabyFEG token.
5) Rewards may not be very open to all. How can token holders calculate their rewards? Is it transparent to all?
All good questions!
In order for our investors to make use of the FEG distribution reward tokenomics, there is a minimum holding requirement of 200k BabyFEG in order to trigger the reflections dividend.
As it happens, we have an excellent resource on our website which enables users to input a variety of scenarios involving a number of tokens held and daily transacted volume – this is our BabyFEG token rewards calculator!
You can find this resource on our website here: https://babyfeg.io/rewards-calculator/
With this calculator, it is made far easier for investors, and potential investors alike, to see the potential of our project and the mind-blowing FEG rewards (shown in both FEG and dollar value of FEG) that will be earned at a variety of points along our project’s timeline.
6) What is your marketing plan like for the next 3 months?
Our Marketing team make regular use of their experiences in crypto to inform their decision making when investing funds into marketing.
During the early stages of a project (bearing in mind that we are still within the first month of BabyFEG), it is not uncommon for similar marketing routes to be taken whilst initially promoting our project, I.e influencer outreach and targeted demographic marketing.
Our plan is to continue organically growing our strong community and investor base by utilising the funds generated from the 5% distribution out of daily volume that goes directly into our marketing wallet. In doing so, we aim to strategically implement appropriate time and resource towards key markets that can further buy into our ‘diamond hands’ mentality and long-term project outlook.
We are building the building blocks for a long term project that can survive and thrive!
7) What other revenue streams should we expect from BabyFEG?
First and foremost, it is important to reference our roadmap, which you can find using the drop-down options bar here: https://babyfeg.io
As you can see from our ‘Banana Worldwide’ section of our roadmap, we have two very exciting elements in the works that will help to generate individual streams of revenue – our BabyFEG NFT video game and the separate release of BabyFEG NFTs.
Our Baby Feg NFT video game is currently in preparation. We are still thinking about implementation and we are devoted to using this utility as a way to increase our charity donations. As the Play to Earn concept is trending currently, it is a good way of fund generation, and we see it as a really excellent method of developing meaningful donations to our charities – who aim to support endangered species and the preservation of nature. Alongside this, the use of our NFT game by players will further increase the transacted volume of both BabyFEG and FEG because there will be a variety of reward options that will require the further purchase of each token in order to reward the player. This further promotes the FEG ecosystem via increased FEG burn rate and education of its passive income mechanisms in-game.
Separate from this, BabyFEG NFTs are currently also in preparation and these will provide additional revenue alongside daily trading. At this time, like with other utilities, all revenue proceeds are intended to be reinvested into the project, further increasing investor confidence and promoting our long term project outlook.
8) Wildlife conservation wallet is about doing good. Can you let us know more about your initiative?
It is important to us that we help to make a difference in the world.
The BabyFEG community aims to echo these sentiments in our core values.
At this time, we are yet to decide on which institutions or countries we will dedicate our efforts towards, though we have already made two donations via personal DEV wallets to the FEG token PASA donation wallet as a gesture of goodwill, aiming to further highlight our intention to support not only their project and community but also the endangered primate species.
Further beneficiaries will be selected in due course and these will be chosen in line with our affinity to primate species and the conservation of wildlife.
9) Listing is one of the core things that users are looking out for. Can you also share with us your plans ahead?
For those who have been able to investigate our project already, you will have seen that we listed on Coin Gecko 5 days ago and on Rug Free Coins 1 day ago.
You can find us on both of the above at the following links:
https://www.coingecko.com/en/coins/babyfeg
https://www.rugfreecoins.com/details/2925
Coin Gecko is a standard-bearer for initial token listing and it gives potential investors a real tangibility about the existence of our token – especially because there are some investors in the crypto space who may only look for projects using Coin Gecko or other major listing sites for example.
Rug Free Coins is also excellent. FEG token listed on there the day before we did and we are pleased to be able to highlight to our community that, after initial inspection by the listing team at Rug Free Coins, our project has been categorised as a LOW-RISK coin.
Both of these listings provide investor confidence and continue to satisfy the initial steps along with our roadmap regarding listing.
Our team remain transparent about our pursuit of organic growth and, as we continue to develop one stage at a time, our attention first turns to 2,500 holders of BabyFEG before listing on Coin Market Cap.
Around the time this occurs, we may also see the release of the FEG Auto Deployer, which we intend to make use of to list on FEGex. As this FEG utility becomes integrated into the FEG ecosystem and wider DEFI space, logic would suggest that positive price pressure will occur for FEG, making it harder for investors to secure a bag of the size they may wish. In turn, alternative methods of sourcing FEG may become attractive and holding BabyFEG is a phenomenal way to passively earn fantastic amounts of FEG whilst also contributing to the FEG Token burn rate.
10) To end off this segment, we would like to ask you about an inspiring quote. Please share your best shot :>
Ok, here’s an oldie, but a goldie 👑:
Warren Buffet once said ‘Time in the market beats timing the market’.
That’s poignant here for Baby FEG. Our project is still in its infancy and, whilst there is a healthy bed of consolidation in our chart, there is a common psychological urge within modern-day society (in particular also in crypto investors) to make massive financial gains quickly. Whilst this is understandable, the variables that we can control ourselves involve doing our own research, understanding the implications of our investment decisions and building our own gut feel for a project and our own investment styles. Timing the market may work for some traders, but there are countless numbers of traders that it does not. Some may see BabyFEG’s slippage range of 15-20% (common for Baby reflections tokens) as a barrier to entry, I personally see it as an opportunity to demonstrate my diamond hands and to embed myself deeply into a community that shows respect, passion, intelligence and fun.
Why not learn more about BabyFEG? Your comments, questions and, most importantly, your voice will be heard 🦍.
