FEGradio Live! - CryptoCart and Live Demo of SmartSwap Technology
so the feg radio live program prides itself in bringing the best projects developers teams and guest speakers to the community on air but the importance of doing your own research cannot be overstated a project's guest appearance on feg radio is provided as just one more tool that investors can use to research projects before investing in them fed radio and the fake exchange do not endorse suggest or advise any of the projects discussed in this program so what you recommend in blunt is buy high and sell low correct look at that this looks so good volume it just goes to show like all the different ideas that he's got planned you know first it's the exchange you know once that's complete and that can run on its own who knows where the next step goes so what either happens is one of two things either price comes back to that level or you go sideways like i showed you before no matter whatever happens it is the market price you'll know that the packing asset is going to be forever there and it continues to grow got in i haven't never looked back with the highest lows never thought about selling it off always just staking that's my goal bringing defy together welcome to [ __ ] radio good morning good afternoon good evening and good night fec family i am your host panic badger and this is feg radio live we are here to bring you closer to the people teams and projects in the growing fed ecosystem our mission is to provide you with truly exceptional education information and exciting entertainment today we are broadcasting in telegram on fegradio.com and on youtube we are on every major podcast platform including apple google spotify and iheartradio check us out on youtube and don't forget to like subscribe and hit that bell icon to be notified of future content we welcome you to check out the growing roster of independent radio programs at broadcast on fegradio.com our hosts bring listeners in the crypto space fantastic content including gaming education regulation markets and so much more we are proud to be the official partner of the blue couch program they bring projects a fantastic opportunity to share their stories the blue couch is broadcast live on febrradio.com and is also available on most major podcast platforms check them out today at thebluecouch.net well welcome everybody to feg radio live it is of course a huge honor to be here with all of you i absolutely love being on this program and getting to to share with the community talk with you and get your insights get your opinions and share with you all the great things that are happening in our wonderful [ __ ] ecosystem today we have an absolutely jam-packed show we have a ton of information coming at you during the uh the first first half of the show we're going to be going through some big updates and some news items in the fed ecosystem and we're also going to be joined by a really really cool uh new utility that has been uh brought into the fed community um with a crypto cart we'll be talking with them about their platform and what they have now enabled for feg holders during the second half of the program we're going to be uh sitting down with deployer destroyer alex or as you previously know known him as cadet dropkick alex he is part of our smart defy testing team and uh he has also uh been been testing and been using uh one of our really cool technologies called smart swap and we're going to be doing an in-depth analysis and how to using that technology we're actually going to bring up the exchange on screen here and we're going to go step by step through the process of how to use smart swap and we're going to really dive into why it's a really phenomenal piece of of of tool a phenomenal tool that you can use to protect yourself in d5 so without further ado i'd like to go ahead and jump into our news and announcements we'll uh we'll start off with our feg minutes this feg minute is brought to you by fegstats.com if you want to find more information about the crypto projects that are
in the [ __ ] ecosystem and you want to see some of the uh the market movements this is a great resource fegstats.com we'll go ahead and look at our uh prices today looking at the the big picture we have uh bitcoin sitting at thirty six thousand two hundred and thirty dollars that's down about two and three quarters percent over the last 24 hours ethereum is down about seven percent to two thousand three hundred and forty five dollars finance is sitting at three hundred and eighty four dollars uh and that's up just a little bit more than one percent inside the fed ecosystem let's look at the fed token for starters uh we've got the fed bsc at two thousand nine hundred ninety one dollars uh per trillion tokens and we have the fed ethereum uh token at two thousand four hundred and sixty seven dollars per trillion rocks token bsc is sitting at 13 865 or 35 and a half bmb that's up just under 5 and then your rox token on the ethereum side is up to 4.64 eth or thousand one hundred and sixteen dollars up almost ten percent so that is your market minute brought to you by fegstats.com again go to fegstats.com if you wanna get some great information about the fed ecosystem and the prices of the tokens in that in our ecosystem next i want to bring you a quick announcement from steve shaw we have a really cool new um initiative going on in the fed ecosystem and he's going to tell you a little bit about it okay this is sticha from feb admin and uh i just want to announce right now that we've got the very exciting feg referral bot it went live yesterday um and this is we're bringing this to you for two big reasons the first reason is um you can win easy cash by referring your family and friends so i will talk through the process uh in a second and obviously the second the second reason is to bring new eyes ears and fresh blood uh into the [ __ ] main chat tg and saw two very worthy causes so right you listen the pin messages in the main tg and other channels and also on twitter um and all you need to do is press the link ladies and gentlemen it's as easy as that so what have we got right so if you're a gold gorilla with a hundred plus referrals you know you win five thousand in a raffle style um pot on all the people who are 100 plus referrals that's for gold gorillas if you're a silverback with plus 50 referrals there's 2 000 um dollars to be won in that price pot if you're a bronze baboon this plus 25 referrals um that's a thousand dollars cash to be won in that price part and if you're a chimp with plus 10 referrals uh that's 250 bucks right so all you need to do uh ladies and gentlemen to enter this fantastic contest is to have a look go and have a look at the pinned uh in the main tg i think it's three pin messages back um it's been a busy day with the release of smart defy website today and everyone's super excited for that but yeah the referral bot um it's gonna do great things bring new fresh eyes ears blood into the main tg just ready for lift off because we are about to go into the stratosphere also just to cover some rules and instructions as the prizes um in the category for the referral parts will be drawn out every quarter or every three months and we may bring that to maybe every four weeks um after that but we'll see we'll take it as it comes but in three in three months uh the winners will be drawn out in a raffle style from each category um so good luck and you know invite as many people as you can get as high up as you can and then you have the chance to win more money um we will be putting out um a small faq and the links also if you want to check on your progress uh forward slash stats uh on the robot command we'll you can see that and we'll also be posting the links shortly in the faq uh for you to check the leadership table uh we'll and we'll we'll get the competitive um juices flowing so yeah i'd like to to all join all take up this fantastic competition um fantastic cash prizes now already um we've managed to get i think hates 820 new members into the main chat in just over 24 hours so that's a fantastic achievement for the fed referral bot and i'm really excited about it but one guy is absolutely smashing it right now and he's on about 211 referrals just himself so we are going to make a special prize for plus 500 referrals and that could be a weekend maybe with some um [ __ ] orgies um but we'll be announcing that later so please all take part in this fantastic contest the feg referral bot get on it now it's an easy way to earn some cash to buy some [ __ ] and then you know to the moon ladies and gentlemen so yeah thanks very much you know all take part this is a community this is what we do this is steve cha ferg admin over and out thank you very much all right like steve said the fed referrals bot is live so if you want to take advantage of that opportunity go to the address that's on your screen and just follow the prompts if you are listening to this podcast it is t dot me slash feg referral bot go to that website follow the prompts and you'll be able to get all the information about how to take advantage of that opportunity the next thing i want to announce real quick is the fed radio hardware wallet giveaway this started on monday and is going strong we have almost 5 000 submissions so far this is basically an opportunity for you to win one of five safe pal s1 hardware wallets and the winners are going to be announced during our feg radiothon on monday now speaking of the feg radio thon uh our fed readathon is our first birthday celebration that event is going to be kicking off at 10 a.m eastern standard time 3 p.m utc on monday january 31st we're gonna have a huge number of special guests games activities all kinds of stuff that you can participate in tons of prizes and gifts to give out so i highly encourage you to take a look at the schedule once it gets published it'll it should be published later on this week or this weekend take a look at that schedule and see if you can listen in it's going to be a lot of fun we're going to be broadcasting here in telegram on youtube and then of course on febradio.com and the radioline app the next thing i want to talk about is the faggillionaire event which is actually going to take place during the feg radiothon so let's go ahead and take a look at that who wants to be a fagillionaire a crypto and fed trivia game show money and glory are on the line five contestants chosen at random a small entry fee makes you eligible plus all funds go to the top prize hot seat rules apply with no lifelines enter now through january 30th 1am utc so the fagillionaire hot seat event is going to happen on monday the specific time for that is going to be announced with the fed radiothon event but if you want to participate you have to join in and you have to submit a small small fee to get chosen and with us today is charlie he's going to tell us a little bit about it hey bro how you going thanks for having me on man absolutely it's always a pleasure to have you so tell us a little bit about fetgillionaire we talked about it on tuesday but for anybody who wasn't here wasn't able to enjoy that broadcast um talk to us a little bit about faggillionaire what is it and and uh what are the prizes like yeah so it's going to be a ton of fun i'm super super keen to do it i mean i've been talking about it for a while and been planning to do something different uh for a while now i mean i've been doing the cahoots uh on the on the voice chat and that's been a ton of fun but i wanted to do something a bit more concentrated a bit more you know a bit more sort of high production value in a way you know get get only about around five people five contestants so it's a bit more focused on them not just a hundred people playing um it'll be just like normal millionaire except there's hot seat rules so if you're unfamiliar with the millionaire hot seat you can look it up on youtube it's the australian version of uh who wants to be a millionaire it's a bit faster paced a bit a bit better to watch and more exciting we have had a few uh entries today so it's uh reaching around 20 people that have entered so still not too many people have entered um so luckily from t perk we have had a nice uh generous donation of three hundred dollars um so that's pumped the grand prize up to around five hundred dollars depending on what bnb decides to do um but yeah i mean the winner if there is a winner will uh will take the whole pot and yeah it should be should be a lot of fun i mean i'm really excited for it so yeah that's awesome i'm really looking forward to being part of that again that's going to happen on monday january 31st during the feb radiothon event and uh the specific time is going to be posted ahead of time so you'll know when to uh when you'll be able to uh participate and or just uh just watch in again if you want to participate on the screen today is uh is a qr code you can snapshot that qr code go to the link you have to submit 0.02 b b or 10
usdt to the wallet the contestants will be chosen from the wallets that are submitted is that right uh exactly right yeah random i'll do it live so there's no there's no heavy jb's about it you know i'll put it on a live stream and um i'll choose it that way i'll put them into an excel spreadsheet or something like that and get it randomly chosen that way awesome yeah so entries to uh submit for the faguillionaire hot seat um competition is going to be january 30th 1 am utc so make sure you get your submissions in before then charlie i i want to say thank you for coming on and talk to us about a fair billionaire again it's going to be a really really fun event and i encourage everybody who's listening or watching today to take advantage of that and to participate most definitely i mean considering the the amount of entries and you know there's five people getting chosen you've got a pretty pretty high shot of getting to be one of the contestants and this is the first time we've ever done it's the first version i've got an nft currently being made a 3d trophy that will be given to the winner um so yeah it's going to be really exciting and hopefully you guys choose to enter it's only 10 bucks um or 10 bucks if you choose to put in bnb so it's not too much and you can have the chance to win a lot more than 10 so absolutely hopefully i'll see you there yeah absolutely thanks again and again all of the proceeds are going to go to the winner so uh you know it this is uh we're not making any money off of this every single dollar that's uh submitted is going to the top prize so again thanks charlie appreciate it if you want to get some more information uh take a snapshot of the screen that's uh on display right now um if you are listening to the podcast or uh you don't have access to that qr code go to the show notes on youtube or in our podcast and the links for everything will be there so you'll be able to uh to take advantage of that opportunity again thanks charlie we appreciate it next up i want to do a real quick overview of the feg radio broadcast schedule for this week um earlier in the week we had holding hands uh broadcast on monday and tuesday that was uh their pilot episode in portuguese kicked off on monday they do their replays on monday and again on tuesday el crypto refugio is in espanol uh they broadcast on tuesday and again uh replay on wednesday uh fed radio live of course with yours truly is on tuesday and thursday and then cultura crypto in espanol as well is on thursday now we do have another uh another two shows joining the fed radio family uh one is starting next week and it's going to be introduced during the feb radiothon event more information will be coming out about that but the second one is actually going to be a little bit different and all i'm going to say is uh i if you like music this is going to be your show so more information to come about that now we do have a special guest with us today and i i definitely want to reserve as much time as we can to uh to talk with this team a crypto cart recently announced that they are now accepting fed token into their system so with us today we have uh one of the team members from crypto cart and uh we'd like to uh to welcome them to the stage to kind of introduce their platform and and uh tell us a little bit what it's all about so welcome to feg radio live this is uh moon pig from crypto cart hey how are you doing buddy i'm doing great how are you i'm glad i'm glad you can hear me uh i'm doing great that's great to hear yeah so tell us a little bit about crypto cart absolutely uh we're uh a cryptocurrency token uh that we have uh the ability uh our whole backstory or sorry this is my first time doing a live radios can you tell that words anyways uh yeah we're a platform that sell that enables people to buy gift cards and other things with cryptocurrency uh the idea behind it is that we want to bring e-commerce to d5 really um the idea behind that is the ability to buy gift cards with crypto card we sell uh we offer over 1700 gift cards available across the world and we also have multiple amazon marketplaces open in a number of countries as well that's awesome yeah so i mean you know anybody who's listening to this program is at least somewhat familiar with defy you know the idea is to to really grow and expand your your financial portfolio and to to generate wealth and uh and value right but then if you can't take that value and turn it into real-world transactions then then what's the point right so the uh the crypto car platform is a very interesting platform that uh that enables that um it enables you to use uh d5 projects defy tokens for real world purchases so on the screen right now is the crypto cart website cryptocard.cc you can go there and uh and check it out so to talk to us a little bit more about you know what are the the gift cards that are available and then we'll kind of dive into to how uh fed investors can take advantage of this absolutely um yeah if you want to search on the website you can search for any gift cards that are available if you say you want to look up amazon gift cards or something like that is you can type in amazon and it'll bring up a list of amazon gift cards that are available um however if you wanted to do something other than that you can actually sort by country in the uh left hand top there's an all countries button if you just click that drop down you can type in the country that you're available in doesn't matter you can pick whatever you want and it'll show you a list of tokens or a list of gift cards that are available on the site there this will because it's searching for amazon it'll only search for amazon in the usa but if you uh just get rid of the amazon and search again i believe you will be able to see all of the uh all the gift cards that we offer for the usa let me refresh this screen real quick yeah there you go usa perfect yeah we offer gift cards for everything right like you can see there's airline tickets from southwest airline gift cards there there's a whole bunch of uh restaurants uh of gift cards available crunchyroll subscriptions for uh streaming media um we offer the depends on where the country is but you know there's like amazon obviously we saw those and uh tons of other uh gift cards that are available even places like goldman sachs for uh pricier items as well as like clothing stores 100 baskets yeah there's 12 pages for the usa alone so it's quite a it's quite a plethora of gift cards that are available yeah that's that's fantastic i mean everything you know lowe's walmart domino's stubhub you name it it's in here this is very cool so talk to us a little bit about um specifically integrating fed token into your platform how does that work right so if you uh select a gift card and go to check out um you will have to enter oh the idea behind this is that there's no kyc on this platform either so all you need in order to do something is uh uh an email address and and obviously a wallet that connects to it we offer the fed token as a payment option on both ethereum and the binance smart chain as well um so yeah if you just uh go to ad card view in the top right this is one item you click on the little cart icon it'll bring you to the checkout page um you can then go to proceed to check out just to make sure this is a to make sure that you've picked out what you want to order um you have to enter an email and connect a wallet i don't want to you know sure yeah have you do that but once you connect the wallet it'll show you a list of all of our tokens that are available um and feg is one of them which we actually just integrated with you guys last week i believe yeah yeah this is this is very recent yeah it's brand new yeah um yeah and the other part of is we with uh with the integration comes uh when we uh develop on our website or our develop on our platform um nft vouchers that we would be giving to the fed community um so that they would be able to shop with feg token on our platform and uh receive a discount using those okay so so what are the uh you know what what are the kind of the fees uh like you know is it is this a really affordable option for people because just traditionally what we have to do is we have to you know sell our fed token or whatever token that we have convert it into usdt and then send that over to an on-ramp or off-ramp platform and then you know send it to our bank account um or use one of those you know like a crypto.com debit card type of thing all that is a very somewhat expensive option yes the idea behind this project also is to make things as easy as possible so uh you don't need to go through any of that hassle you can use the fed token uh the transaction uh there's no markup to the customer for the gift cards themselves the transaction fees are depending on what the network is like say you're on ethereum network it's obviously going to be a higher transaction fee however i will state uh as a common misconception that it's going to be tied to like the like the unit swap swaps on um on ethereum that is not the case because this is not actually a swap it's a it's a transactional volume so the transactional uh interaction with the contract so the idea is uh the fees are like between five and twenty dollars i guess for depending on like the congestion of the network whereas i'm buying smart chain it's considerably less sure yeah so uh yeah there's no markup to the consumer um and yeah that's it's pretty much just uh simple simple easy fastest way you can do it uh there's no yeah there's no hassle of having to go through and do all the conversions that you just said and bring it to your bank account in order to order something yeah this is very cool and so your max denomination is a hundred dollars so you can do you know 20 30 50 up to 100 at a time and of course you can you can purchase multiple gift cards for you know multiple different locations yeah um what's listed on there that's specifically to the saltgrass steakhouse one if you go to amazon you'll see a different set of denominations each gift card has its own um set of denominations that they accept so you can check it out um yeah play around on the on the site it's really what we want the idea behind you know even us coming on here is number one to like let your community know uh that this is like what this is this integration was all about and number two just to you know let people see what they can do on here and they can see how blazingly simple it is to offer yeah so you can see here there's all kinds of different dominations for amazon that's awesome yeah and so this is this is definitely going to make it easier for people who want to you know you know either take take profits and use that in the real world or you know take reflections because of course the fed token is a reflectionary token and so over time while holding the fed token you're gonna you're gonna earn more and so you can take those reflections turn it into real world gift cards and then use it and and you mentioned that there's no kyc that's uh that's also uh very different than a lot of these other fiat on and off ramp platforms yes absolutely the only thing as i said before you the only thing you need is an email address um and that's it and so when you when you buy the gift card you don't receive a physical card i expect it's going to be an e-gift card to your email address correct uh what will happen is once you check out there will be a processing uh screen that comes up uh once that's done it'll say your order has been processed give you an order number uh you will then receive one email to that email address saying that your order has been received and is processing and then once it's been processed which with our automated process now it takes approximately like five minutes maybe less um and then you'll receive a second email saying that the order is complete um and then you will go back onto the site and it says in the top uh right there your gift cards you would click on that enter your email address and you would have to create a password so you know whatever password you want to do and it would show up in there as the digital gift card code sure that's very cool i would also mention the the other great option with this that i had just realized is that this works not only with just online shopping you can do it in the real world i was speaking the other day about what you can do and i have done this is you can go to say walmart to do your grocery shopping um kind of figure out how much you're gonna be spending on groceries there uh when you i wait in the cash and the line for the cash register and then i uh order a gift card for say oh it's gonna be about 100 bucks i'll order a 100 gift card by the time i get to the cash register and check out i have that gift card um and then they enter it in uh you're out the door there's no problems there it's it's seamless yeah this this is really cool this is uh this is a really cool new utility that's uh that's coming to the [ __ ] ecosystem and of course for full disclosure to everybody who's listening and watching today this is a separate platform from the fed project so this is not um you know this is not the fed project itself this is a third party but this is a very welcomed and very cool new utility that's that's added um again it it enables you to kind of bridge the gap between you know growing your wealth and defy and and the real world where you need to spend those those funds you know because at some point we're all going to have to take profits from defy and use them in the real world otherwise what's the point yeah that's what i was saying i mean you got to take profit at some point and it's nice to be able to once you know say like when you're up to just say oh you know what i'm going to treat myself to a nice you know something that i've wanted on amazon or something like that instead of having to worry about oh i'm going to put this money back into my bank account where it sits and i'm just going to probably spend it back into crypto again anyways right um so this way you know it it enables everybody to just kind of take some you know take some profit from themselves and do what they need to do with it very cool well if people want to find out some more about crypto car and the uh the options that are available how do people get some more information uh you can visit us on our telegram which is uh t dot me slash crypto cart cc uh we also are at crypto cart uh crypto cart cc on twitter as well yeah that's awesome so i would encourage everybody who's listening and watching today to take a look at this um you know this is again this is a great new utility for anybody who is invested in the fed token uh ecosystem um and you know that this is also um just a phenomenal way to kind of bridge that gap um you know between d5 and and the real world you know d5 is becoming the real world it is becoming very much mainstream and so with this type of new utility we're really really starting to uh to to grow that adoption and make d5 make more sense from you know to more people yeah and that's what we want to do i mean we we like we like what you guys are doing in your protocol we love the fake token this is why we decided it was a good idea to uh talk about integration of the token to show showcase just how what you kind of utility that we can bring to any token in the device space as well yeah absolutely well thank you very much we really appreciate the the overview this was really cool and uh you know if if uh if people have questions i highly encourage everybody to reach out to crypto car dot cc that's their website of course go to uh telegram or twitter as well and the uh the links to all of these resources are going to be available in the show notes on both youtube and the podcast so that way everybody can reach out to you um do you have any any final thoughts or any closing comments you'd like to leave with the the fed community oh just keep doing what you guys are doing guys we love the uh i love i love the uh the smart d5 that just came out there it's uh it's pretty incredible absolutely yeah we're we're actually gonna um pull that up real quick here in just a moment and we're gonna talk about that before we get started with our second half but yeah again thank you so much for uh for coming onto the program today we really appreciate it this is really really cool new utility uh being brought to the fed ecosystem so thanks again for joining us thank you for having me hi friend absolutely all right so that wraps up our first half of the hour what we're going to do is uh our real quick commercial break and then we're going to come come back on the other side of this uh this half hour and we're going to look at the smart d5 website and then we're going to dive into smart swap so don't go anywhere who has partnerships donations and a robust ecosystem feg that's who releasing on both bsc and ethereum we've built an exchange that rivals the rest with our auto ads pair functionality we make it so coins that list with us have their holders getting even more rewards more rewards means no monkeying around we built an industry first faucet system this gives holders more fake tokens for practically nothing with a burn rate of one percent you can feel great knowing that your tokens value will go up and up and up with no end to the burn you know what happens next fake we feed every single one of our gorillas check us out at banktoken.com we all know people who work day and night on the front lines to keep us safe firefighters medical professionals law enforcement service members and veterans always put us before themselves but many of these brave professionals suffer from the traumas of their work we are here to show them that we have their back the frontline heroes token is driven to break stigmas and support those who serve as a smart d5 project we will make a difference in the lives of those who are dedicated to protecting us find out how you can get involved by visiting frontlineheroestoken.com sanctuaries all across africa have come together to return primates from the brink of extinction with the pan-african sanctuary alliance uniting the effort thousands of chimps gorillas and other animals have received the care they need and the protection they deserve but now they need our help let's do our part in helping to rescue nurture and return these primates to their natural habitats safe from harm get involved as a volunteer from anywhere in the world or help to make a difference today by donating at pasa.org crypto join us as we support this powerful coalition born from a shared love of primates and the determination to protect them forever you are now entering the world of defy changing the future of cryptocurrency through next generation technology bringing d5 together this is feg radio and welcome back to veg radio live this is your host panic badger i appreciate each and every one of you for joining us on this episode in the last half hour we got to talk with crypto cart who recently announced that they are integrating with the fed token and uh bringing some really new interesting utility to the holders of the fed token so i encourage you to take a look at their platform and see how that can benefit you during the second half of this hour we're going to be looking real quick at the smart defy website uh it was just launched last night yesterday so less than 24 hours ago and it is absolutely phenomenal and after we look at smartdefine.com we're gonna
be sitting down with uh deployer destroyer alex and we're gonna be looking at smart swap so let's get let's go ahead and take a look at smartdefi.com again d5.com this is your one-stop shop for everything smart defy the website is honestly just phenomenal the the team who's been working on this website has put so much effort into this and uh the the product that they pushed out yesterday is just phenomenal now this is of course um just a a place to find information about smart defy it is not live yet so if you click on the trade now button in the top right it takes you to of course the fed exchange but the only smart defy token that is launched at this moment is the rocks token that is going to change with time we will see when some announcements come out as far as when that's going to happen but i encourage you to take a look at the website there's just a ton of information here all kinds of links some videos some expl excuse me some explanations about all the different benefits to a smart defy token you know as far as security and safety for investors you know talks about the asset backing it talks about uh deflationary tokenomics you know it's on and on there's so much information here so again i highly encourage you to take a look at it if you haven't already smartdefi.com it is a wonderful resource now before we get alex into the the broadcast i'm going to give out a secret code now if you listen to last week's broadcast or if you've been looking at the uh save pal s1 competition or giveaway there is a block in there to put in a secret code for a ton of extra entries so i'm going to say this very quietly so nobody hears me because this is supposed to be a secret code i'm going to give you the secret code and then you can enter that and get 20 extra entries towards that save pal s1 so if you don't have a pen and paper make sure you come back and watch this or listen to it again so you can write it down but the code is this g 5 h m s i g w d d again that's g 5 h m s i g w d d again that's going to give you 20 extra entries for that safe pal s one all right without further ado i'd like to bring alex onto the stage alex how you doing today doing pretty good panic about yourself i'm doing fantastic how are you i'm doing good i was talking to the misses oh all good all good yeah so so uh so you've been working uh working hard at getting the information out about smart swap now smart swap is of course a feature on exclusively on the uh the feg exchange and it's a really cool technology that's actually been out a while but what we didn't realize is that it has some very unique properties that make it a really really uh awesome platform to use for anybody who's trying to buy you know some of these uh these tokens that are launching and to do it safely at least you know with a greater degree of safety so so give us a real quick overview of what smart swap is so what smart swap is is technically essentially a second contract so uh so if you're a part of the fig x deployed pairs every time you see one a new token pop up there's a thing underneath it called the liquidity contract that is a secondary contract that is actually smart swap itself so when a token lists on the exchange it actually has its own code and the lp which is everybody knows is the liquidity pool has its own now smart swap is a way to actually interact with tokens without going through their contract but by integrating by interacting with their lp pool what this does is that you can trade internally without having to number one show a transaction or blockchain and number two you can trade peer-to-peer peer-to-peer without that actually showing on the blockchain as well yeah that that right there go ahead go ahead i'll go ahead i was going to say that peer-to-peer is a really interesting uh um you know feature or utility because you know sometimes like for example the fed radio program we have a wallet dedicated to to doing things like fundraisers or giveaways and so we have a wallet for the fed radio program but if i want to send somebody some some winnings and i don't want them to be able to see exactly what i have in the feg radio wallets then i can send it via peer to peer they can go into the peer-to-peer system and pull out their winnings but they will not be able to see what i have in the the wallet so it's a it's a really phenomenal tool that that you know especially companies businesses can actually use to protect themselves from prying eyes if you will exactly because one thing um one thing people don't think about is you know when it comes to scammers scammers are out there everywhere you know it might not be intentionally the person who won a giveaway or anything like that but that that has done it but in the case of there are so many scams and so many airdrop tokens you never know who's in interacting with what wallet now one of those wallets happen to be you know happen to be yours off of a transaction they're reading because it turns out they will go through transactions you've been going through because they're trying to get to every one of your wallets because they might actually get towards might get to the fake radio wallet and peer-to-peer insider smart swap makes it essential for keeping the security of your wallet you know at pretty much at the big at the highest point of that because we don't want we want more people to come in we don't want them to leave because they can't you know because these things happen we wanted we wanted to be nice we wanted to be safe this is the whole you know the whole idea behind the fig ecosystem absolutely yeah i mean scam scammers are everywhere you know and uh there was a recent report by chain analysis that came out a couple of a couple of weeks ago um and uh they basically showed that the amount of money being stolen by uh by scammers and criminals every year is actually increasing um you know we we actually this past year reached 14 billion dollars in illicit uh funds received by uh criminal addresses and that is up um you know very very much significantly i think it was uh you know seven or eight billion dollars in 2019 which was the all-time high so it's extremely high um you know but a lot of that comes with the growing adoption right there is there are a lot more people coming into the to the ecosystems there's a lot more money flowing into defy and so with that of course it's a it's it's a target for scammers and so what we're doing like you mentioned is we're building utility in the fed ecosystem to kind of help protect people and now everything that we're about to talk about or we've been talking about and that we're about to show you you know this is not going to protect everybody from every type of scam out there um what we're talking about are additional tools that people can use to help protect themselves and you do have to understand what you're doing you do have to do some research and understand what you're what you're investing in because you know the smart swap system is phenomenal for for protecting you but if a if a scammer for example has uh 50 of the entire you know supply of tokens um even though with smart swap they can't um they can't stop you from selling or buying and they can't pull the liquidity because of the fedex one year liquidity lock even though they we have those protections in place they can still what we call dump their their tokens and essentially drain the liquidity pool by just selling off their uh their supplies so again this is a phenomenal tool that people can use to protect themselves to invest a little bit more smartly and um you know to to really take advantage of all the the tools that we have in the fedex ecosystem so i kind of want to dive into this because you know we only have about 15 minutes left in the program and we're actually going to do a a live demo of how this is going to work so again smart swap when you enter into smart swap on the feg exchange you are not interacting directly with the token um well i'll i'll say that when when you're in smart swap you don't uh interact with the token in that in the sense that you're not doing a standard transaction and so when scammers either set limits like sell limits on their tokens to make it so it's a honey pot uh that is not a factor you can still sell and buy regardless of that they can also set you know uh transaction taxes of say 99 on a cell that's in effect making it pointless to sell but that does not apply when you're in smart swap so i'm going to go ahead and pull this up and then alex you're going to walk me through uh how this works on screen so i'm going to pull up feb x i am already logged in using my wallets and so we're going to go step by step walk us through this show us how this works okay give me a second let me let me show you right in my screen so i can see yours okay first so you've already connected your wallet so first thing you're going to need to do is right beside uh smart swap there is a toggle you need to hit that button okay so a new option appeared here just for anybody who's watching deposit and withdraw we'll get to that so first thing is you have to pick put in in from from and you want to scroll down to we're we're gonna do i'll go up f b and b that's right secondly we're gonna go into fig rocks's demo token his honeypot where you cannot actually sell we're gonna go over to all tokens and type in honeypot right there yeah okay so now this is this is an actual honeypot that if you tried to trade on the non-smart swap side you would not be able to sell no i've tried it earlier it it fig rocks has actually locked it you once you buy it you can't sell it yeah so for smart swap you have you see um you have probably have funds inside of your inside of your wallet correct i have uh bep20 bnb i do not have f wrap so we need to go through that process as well okay go uh so we're going to do the go bypass this for a second and go over to f wrap okay so this is yep so for anybody who's watching or listening the first thing you're gonna have to do uh when you wanna take advantage of smart swap is you have to f wrap your tokens so that's what we're gonna do right now all righty so we're to go into vnb and fbnb correct and we're just going to do a small amount since it's uh this is just a test so i'm going to put in 0.1 bnb and of course there is a one percent tax anytime you wrap or unwrap
your uh your tokens using the fed exchange so we're going to end up with 0.099 f b and b yep so i'm going to go ahead and click wrap and this will pop up if you're using a d apps browser in your on your phone or tablet or if you're using something like meta mask in your browser it'll pop up and it'll ask you to confirm it i'm doing that on my phone so i have now confirmed now not to con go ahead so not to confuse people um not to confuse people because i know a little um some people who don't understand the exchange are probably confused uh might get confused all this so when you trade uh the reason why you have to actually have fbnb and go into a liquidity pool versus the aka smart swap versus buying with bnb all the contracts are actually paired with fbnb so in order to interact with their liquidity pool you have to have fbnb not bnb bnb on the exchange actually is just the you're interacting with the regular tokens con regular token contract it still inter interacts with the lp meaning it actually wraps your being before you then actually does all the trade but you're still interacting with the contract yeah absolutely so you're just basically doing this manually versus the automatic way on the normal exchange side so yeah so exactly looks like our transaction went through our balance of b and b went down and of course if you click on the arrow uh in the middle of the the from in2 it's going to switch it and so now fb b is showing me a balance of 0.099 it looks like i'm already getting reflections too that's pretty cool for anybody who's not aware when you hold f b and b or f eth or f anything really it turns a non-reflectionary token into a reflectionary token so any times anybody uh buys sells uh or yeah anybody i'm sorry anytime anybody wraps or unwraps um that that base pair so fb and b in our case you get a portion of that exactly all right so since every contract didn't change every contract in exchange is paired with fbnb um just like i explained since the bnb is wrapped in the background auto it means that every single time somebody uses the exchange um uses the exchange tab they're essentially actually wrapping their tokens giving you rewards absolutely yeah so so even just kind of a sidebar wrapping your tokens your non-reflectionary tokens like b b or ethereum is a great way to get some passive income because you know these tokens are not normally going to grow if you have one bnb come back 20 years from now it's going to be one b and b sure it might be worth more but you haven't grown it at all whereas f wrapping it's going to grow with time and it's actually uh again this is kind of a sidebar but it's actually a really really nice apy i think the last time i looked fbmb was about 30 percent apy does that sound about right yep yeah so uh even uh you know stepping aside from the the smart swap talk for a second you know again the the fb and b smarts are these swap the i cannot talk today the wrapping of your non-reflectionary tokens is a great uh additional investment tool um based on the the effect exchange so all right so we have our fbnb let's go ahead and continue on what do we have to do next all right click on the exchange tab all right the smart swap is still toggled to green that is the indication for it the green check so you're going to go into the same thing again from fbnb and you're going to go into fakerox's honeypot and full disclosure we do not recommend anybody do this unless it is strictly to test this out this honeypot is specifically designed to be a honeypot so it is not something you want to invest in all right all right so in order to interact with the um in order to get into smart swap because right now your balance is still actually showing that you have zero funds right for f wrap so what we're gonna do is we're gonna go into deposit and withdrawal okay and you're gonna get shown this screen so these are deposit withdrawal uh peter pierre and swat to swap we'll go over swap to swap later um so we're just gonna go into deposit so you're trying to actually buy honeypot token so you don't need the in you don't need to deposit honeypot tokens so you need to actually buy it so you need to hit select and fbnb okay all right then you're gonna put in your total um it's best to actually put in 0.9 0.099 okay the reason why i did that is because the the blockchain doesn't like the decimals yeah and again you're seeing that those are those reflections so even even in the last like five minutes we've actually started getting some reflections on this fb b that's pretty cool so i've put in 0.099 i'm gonna go ahead and click deposit right now going into smart swap you will actually get the one percent tax uh the one percent tax right so it's two percent going in and two percent going out uh when you take into consideration wrapping and then going into smart swap yep well yeah the two percent all together because it's one percent and one percent out up so i'm actually getting a an error that says nonce too low code 30 negative 32 000.
that's all normally a wallet issue okay happens to me quite a lot honestly just uh are you of using metamask yeah no i'm using uh safe pal okay yeah so i get it all the time i get it all the time on safe pal it's weird it must be something but there uh just just close the app and uh and reopen it and it will be fine okay so bear with us a moment as we uh reconnect this it's normally when you do multiple transactions really quickly um okay that's what i found disconnect just to completely reset this hmm interesting now i'm getting another error all right um alex if you would uh give us a little bit of a discussion on uh the the um swap to swap what that's for and then you know while i work out these uh this bug so they swap the swap function inside of the inside of the pool so essentially when you deposit f b and b into a pool you are now locking that if fb into that pool until you take it out so in order to get into another pool let's say that you dropped your fbnb into f b b and honey's pool uh liquidity pool in order to get into another pools let's say fig's pool which is f b and b to fig you would need these swap to swap feature in that case what you would do is you would go over to deposit and withdrawal go to the s to s and type in feg into the search bar once the search bar comes up click click on fig and it'll switch that fbnb from the honeypot from the honeypot liquidity pool to the next tokens liquidity pool okay yeah so anytime you're going to be switching between the tokens that you're trading you need to move it over i was able to successfully connect so i'm going to go ahead and switch this back now it shows our balance of 0.099 fbnb you'll notice that my total total balance is down um right here so that means that it was deposited correctly so if you click out of that screen you're looking at the actual swap from into you'll see fb and b i have a balance of 0.098 and some change and that is correct because again you had to pay that one percent tax going into the smart swap yep okay so from here it is go ahead so from here you are in a regular trade basis of using fig x um so everything else is pretty much self-explanatory but um you just go ahead and show them that you can actually use smart swap to even trade a honeypot so i'm just going to do a very very very small amount actually i'm going to do even less than that because that's a 20 price impact 0.0001 so this is a really really small amount okay now just for uh everybody's awareness what if i don't um what if i choose not to go through this transaction and i leave my f b and b as it is what what is the uh what happens here okay so basically your um basically your f b and b will stay inside of that liquidity uh stay inside a liquidity pool it will still receive rewards as we've seen um show that you showed earlier it'll still receive rewards the um the biggest issue or problem is is that once you're inside at the liquidity pool that fb can only stay there it's you know if you try to go over to another pool which is why we explain swap to swap if you can uh click on that right now the deposit and withdrawal swap the swap so this is uh so if you wanted to actually move this fbnb to another liquidity pool because remember it's locked in this liquidity pool you have to uh you can't look up the token that you're on right now oh okay so if i was gonna move it to say usdt right so i would collect i would select usdt and so that's right yep and so you would have to move right so that's the only way to actually uh that's the only way to move around fb that is inside of smart swap because smart swap is locked into the uh locked into it okay yeah so so this is actually a better bet if you're if you're actually trying to use smart swap is to actually use us usdt as a base pair um because it's it's not you don't have to worry about losing it for example because i i did that away uh the other day just experimenting with smart swap i actually uh deposited some f b and b in there and i completely forgot which base pair it was so now i can't find it so you don't want to do that um so you wanna you wanna use if you're gonna do this you wanna use usdt and so that way you can easily find it in the future and then if you want to switch it over to a different pair you can do that with swap to swap easily right one uh click out of this click out uh all right where it says two when it says honeypot one thing i actually like to uh keep in mind is if i actually click on if i put any fb into any pair i'm gonna make that pair a favorite so that anytime i get on the fig x exchange it is on the my list section so i know that there's actually b and b inside of it anytime i move it from s to s i take it out okay so what the way we do that is by searching under all tokens so if you click on my list it's only going to show your favorites in the top couple of uh of pairs click on all tokens it's going to show you every token that's available in the exchange and then type in your search it'll show up so in this case we're looking up honeypot we're going to click this icon right here which is import token now it adds it to my list so now you'll see it's at the bottom of my list right here so we have fb b selected we have honeypot selected uh on the bottom of the screen it shows our price impact which of course is uh is pretty low because i'm doing a very very small transaction so at this point theoretically we should be able to just go ahead and swap because this is a buy transaction yep okay so we're gonna go ahead and do that transaction process and hopefully my wallet doesn't give us any more issues today okay it seems to like it okay looks like it went through so there you go it shows the chart on the left hand side of the screen it shows that there was a purchase i'm going to go ahead and switch this and now you can see that i have a balance of 5 billion and some change honey pot tokens now if you were using the standard exchange at this point you would not be able to sell you would get an error because this is specifically designed like alex was saying specifically designed to not allow you to sell and so this is exactly what happens when uh scammers and criminals try to use uh use these cryptocurrencies to to scam investors they will create these honey pots and they will launch them so you buy in thinking that you're getting into uh you know a really early start on a good project and all of a sudden you can't sell and then if they have say 50 of the the total supply held in their wallet they can just sell the entire amount and basically deplete the liquidity pool right smart swap smart swap is a option to protect you in the case that and in the case that criminals do actually create a contract and put it on fake put it on fake x because it's just a it's just something that it's just something that happens yeah yeah protects you but you still have to actually go into the point of doing your own research yeah i think that's a really really important point here because you know we are a decentralized exchange the fed exchange is completely decentralized we do not select what tokens list and in fact we we go to great lengths to make sure that everybody understands that anybody can list a token and we kind of want that right we want it to be easy for people to list a token because we want the entire world to adopt crypto and we want to be part of that movement so um you know we wanted to be easy we wanted to be streamlined and we want anybody to be able to do it with very very little interaction with the the feg exchange team right we want people to be self-sufficient doing this now um what that means on the other on on the flip side of that is that criminals can of course launch these tokens and so like you were saying alex you have to do your own research you it is not a good idea to to jump onto every single token that launches and just hope for the best sometimes you might get lucky and catch uh catch an early launch of of an actual quality tokens uh token but you know that there is still a distinct possibility that somebody is has nefarious intent so we just want to make sure that everybody who's watching understands that you still have to do your own research you still want to make sure that there are you know
2022-02-08 19:04
