What is Himfers

Article Summary, Automatically Generated By AI

Summary of hiMFERS

Key Points

  • hiMFERS is an NFTETF token backed by Mfers NFTs.
  • 1 hiMFERS token represents 1/1,000,000 Mfers in an on-chain Mfers Meta-swap pool.
  • Redemption fee: 0.6%.
  • Total supply of hiMFERS tokens is dependent on the number of Mfers NFTs in the pool.
  • No hard cap for hiMFERS.
  • hiMFERS is an Ethereum-based, ERC-20-compatible token.
  • Available on decentralized and centralized exchanges, including Uniswap and KuCoin.

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About hiMFERS: Empowering the Future of Decentralized Finance

Introducing hiMFERS: A Revolutionary Concept

hiMFERS is an innovative NFTETF (Non-Fungible Token Exchange Traded Fund) token, collateralized by the esteemed Mfers NFTs (Non-Fungible Tokens). Notably, each hiMFERS token represents a fractional ownership of 1/1,000,000 Mfers, which are dynamically pooled within an on-chain Mfers Meta-swap pool, operating autonomously via the Fracton Protocol’s decentralized smart contracts. Characterized by decentralization, hiMFERS tokens are impervious to centralized control, and users can seamlessly redeem Mfers NFTs from hiMFERS tokens, subject to a nominal 0.6% redemption fee.

What Is the Circulating Supply of hiMFERS Coins?

The total supply of hiMFERS tokens is directly correlated with the number of Mfers NFTs present in the meta-swap pool, with no predetermined hard cap. Notably, for each Mfers NFT in the pool, a corresponding 1,000,000 hiMFERS tokens are in circulation.

Ensuring the Integrity of the hiMFERS Network: A Multilayered Security Approach

hiMFERS is an Ethereum-based token, compliant with the ERC-20 standard. As a result, it benefits from the robust security afforded by Ethereum’s state machine.

Acquiring hiMFERS: A Comprehensive Guide

The hiMFERS tokens boast a widespread presence across multiple platforms, encompassing both decentralized and centralized cryptocurrency exchanges, including prominent names such as

Uniswap

and

KuCoin

.

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