What is Hifidenza

Article Summary, Automatically Generated By AI

Summary of hiFIDENZA

Key Points

  • hiFIDENZA is an NFTETF token backed by Fidenza NFTs.
  • 1 hiFIDENZA token represents 1/1,000,000 Fidenza in an on-chain Fidenza Meta-swap pool.
  • No hard cap on hiFIDENZA tokens; supply dependent on Fidenza NFTs in the pool.
  • 0.6% redemption fee to redeem Fidenza NFTs from hiFIDENZA tokens.
  • hiFIDENZA is an Ethereum-based, ERC-20-compatible token, secured by Ethereum’s state machine.
  • Available on

About hiFIDENZA

At the forefront of innovation, hiFIDENZA is a pioneering force in the digital asset space, dedicated to empowering individuals and institutions alike to navigate the complexities of the cryptocurrency landscape with confidence and precision.

Introducing hiFIDENZA: A Revolutionary Force in the World of Cryptocurrency

hiFIDENZA is an innovative NFTETF (Non-Fungible Token Exchange Traded Fund) token, collateralized by a diverse portfolio of Fidenza NFTs (Non-Fungible Tokens). Each hiFIDENZA token represents a fractional ownership of 1/1,000,000 Fidenza NFTs, which are dynamically managed within an on-chain Fidenza Meta-swap pool, operating autonomously on the Fracton Protocol’s decentralized smart contracts. Notably, hiFIDENZA tokens are decentralized, permissionless, and trustless, allowing users to seamlessly redeem Fidenza NFTs with a minimal redemption fee of 0.6%.

What Is the Circulating Supply of hiFIDENZA Coins?

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

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

hiFIDENZA 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 hiFIDENZA: A Comprehensive Guide

The hiFIDENZA 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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