Feed Every Gorilla is a crypto project building an ecosystem where everyone will enjoy passive income, security and accessibility, including businesses. The easiest way for a company to enter the FEG ecosystem and start benefiting from it is by deploying a FEG payment gateway. Having a FEG payment gateway can provide businesses with a great number of advantages. NOWPayments’ tools can help companies to start accepting FEG as payment in an effortless way.
Key points
- FEG is a multi-chain and hyper-deflationary coin.
- FEG payments are borderless and private.
- NOWPayments assists businesses in featuring a FEG payment gateway.
Benefits of FEG
Hyper-Deflationary
FEGtoken’s circulating supply decreases every day and even every minute. Over 1% of every transaction is automatically burned forever. In other words, a share of every transaction gets taken out of the supply. So, as the number of burned tokens increases, the burn rate accelerates.
Passive-income potential
Another share of every FEGtoken transaction is immediately and automatically sent back to all FEGtoken holders. Basically, this means that all FEG holders earn more FEG just by holding FEG in their wallet. Thus, FEG achieves its goal of offering passive income to everyone.
Multi-chain
FEGtoken is available now on the Ethereum and Binance Smart Chain networks with two separate supplies. The upcoming bridge will effectively merge these supplies, while also distributing the existing supply across three new blockchains; Fantom, Polygon, and Avalanche. The number of FEGtokens in circulation will never increase.
Ways to upgrade your business using FEG
No chargeback fraud
The chargeback fraud is a real problem for many businesses. The mainstream payment solutions are extremely susceptible to this type of fraud. Illegal chargebacks are particularly common in situations when digital products are involved. Usually, payment processors simply do not have the capacity to check whether the digital product has been delivered and therefore they tend to make chargebacks, leaving businesses without their hard-earned money. Yet, FEG payments can enable businesses to forget about the chargeback problem forever. FEG transactions are irreversible, so there is no way to retrieve the money once they are sent to another crypto address.
Privacy
FEG transactions are anonymous, meaning that they are not linked to any private information of the sender and the recipient. You do not need to type in your name or attach any documents when getting your FEG address or when sending FEG transactions. This is great news for businesses that can feature FEG as an anonymous payment solution. It is clear that there is a demand among people for a private payment method and FEG can be one.
Easy Global Transfers
FEG transactions are borderless. Essentially, they are not restricted by jurisdictions and exist above geographic borders. Moreover, FEG transactions are peer-to-peer and do not involve any third parties. As a result, FEG transactions get processed quickly, no matter where the sender and recipient live. Businesses that sell products to foreign clients can greatly benefit from FEG transactions. Additionally, FEG constitutes a great alternative to the mainstream payment methods in terms of the speed of transactions. Businesses are familiar with the regular issue of bank transfer delays. Businesses can end up waiting for days for their payments to arrive when using banks. FEG payments can solve this problem since they are transferred in a matter of minutes. Therefore, getting paid in FEG is a reasonable decision if you wish to receive payments in a fast and reliable way.
Security
FEG coins are also a secure way of storing your money. FEG exists on Ethereum and Binance Smart Chain. These networks adhere to the highest standards of blockchain security. Therefore, owners of FEG are unlikely to encounter situations when their crypto holdings get stolen due to a hacker attack. FEG tokens are owned completely by their holders, if they store them in a non-custodial wallet.
Get new clients
Although FEG is a relatively new project, it already has an army of enthusiasts and investors. As with any new coin, the community gets extremely excited over new use cases for their beloved asset. Businesses that feature FEG payments can thus get a large number of additional clients from the FEG community. Basically, there is a high chance that some FEG holders will be ready to exchange their FEG coins for actual products and services that your business offers.
How to accept FEG
NOWPayments enables businesses to accept FEG payments using several tools.
Online stores can employ special plugins compatible with PrestaShop, WooCommerce, Magento 2, WHMCS, OpenCart, Zen Cart, Shopify, and Shopware. Plugins automate all payments and let companies get FEG payments.
Companies can issue crypto invoices or utilize a virtual Point-of-Sale terminal. Such tools enable merchants to manage all their crypto payments. They also can feature subscription-based crypto payments.
Charities, bloggers, and non-profit organizations can use donation widgets, buttons, and links to accept FEG donations.
Conclusion
FEG is a cool coin that has an amazing community of investors. NOWPayments provides businesses with tools that can help them to accept FEG payments.