CoinW and FEG have recently announced a strategic partnership to form comprehensive collaborations in the field of technology, application ecology, and brand activities. FEG will support CoinW in making its debut in the SmartDeFi field and have a deep development within the ecosystem. CoinW, in turn, will provide comprehensive resources to support FEG’s SmartDeFi projects.
On the 6th of this month, CoinW and FEG officially announced their strategic partnership. CoinW will provide support to the SmartDeFi projects built on the FEG ecosystem. As a world-leading exchange, CoinW will leverage its cutting-edge research and global resources to help early-stage projects grow and thrive in the field of SmartDeFi.
The head of CoinW Labs stated, “FEG’s innovative SmartDeFi will change the current market. Through strategic cooperation with FEG and SmartDeFi, we hope to make a debut in the SmartDeFi field, make expansion globally, and achieve a win-win result.”
She mentioned that SmartDeFi is a great innovation in the DeFi field that emerged in recent years. By providing asset support and Smart Lending services, SmartDeFi brings a more secure and stable ecosystem to the DeFi field. It has been changing the way developers and investors participate in this industry. Specifically, developers can create tokens using SmartDeFi protocols without the need for coding, eliminating the high token-creating costs that used to amount to tens of thousands of dollars. For the entire ecosystem, the liquidity of newly created tokens on SmartDeFi is permanently locked in smart contracts, effectively preventing fraudulent activities like rug pulls. Additionally, SmartDeFi token’s Asset Backing value can be leveraged towards interest-free loans, to enhance capital utilization.
As part of this strategic partnership, CoinW launched FEG Token on its innovation zone on June 16th at 21:00 (UTC+8), with the FEG/USDT trading pair available. In CoinW’s Launchpad on the 15th, 29,000,000 FEG tokens were sold out within 2 minutes.
The head of FEG China commented that FEG Token was launched on Ethereum and BNB smart chain in February 2021. Despite encountering issues such as the rug pull incident and hacker attacks, FEG managed to overcome these challenges due to its strong community cohesion, support from partners, and the technical expertise of its founder, Rox. FEG has also established a long-term partnership with PechShield, a globally renowned security audit company, ensuring enhanced security measures. Additionally, FEG’s customized aggregator will provide users with the ability to trade tokens on decentralized exchanges at the most competitive market prices from multiple DEXs. Through strategic cooperation with CoinW, they hope to explore potential opportunities in the DeFi field and collectively improve the ecosystem.
