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Summary of hiUNDEAD
What is hiUNDEAD?
- hiUNDEAD is an NFTETF (Non-Fungible Token Exchange Traded Fund) token backed by Genuine Undead NFTs.
- One hiUNDEAD token represents 1/1,000,000 Genuine Undead in an on-chain meta-swap pool.
Supply of hiUNDEAD
- The total supply of hiUNDEAD tokens is dependent on the number of Genuine Undead NFTs in the meta-swap pool.
- There is no hard cap for hiUNDEAD.
About hiUNDEAD: Unveiling the Future of Decentralized Finance
Introducing hiUNDEAD: A Revolutionary Concept
hiUNDEAD is an innovative NFTETF (Non-Fungible Token Exchange Traded Fund) token, collateralized by the unique Genuine Undead NFTs (Non-Fungible Tokens). Each hiUNDEAD token represents a fractional ownership of 1/1,000,000 Genuine Undead assets, which are dynamically pooled within an on-chain Genuine Undead Meta-swap pool, operating autonomously on the Fracton Protocol’s decentralized smart contracts. Notably, these tokens are decentralized, permissionless, and trustless, allowing users to redeem Genuine Undead NFTs from hiUNDEAD tokens at their discretion, with a nominal redemption fee of 0.6%.
What Is the Circulating Supply of hiUNDEED Coins?
The total supply of hiUNDEAD tokens is directly tied to the number of Genuine Undead NFTs present in the meta-swap pool, with no predetermined upper limit. Specifically, for each Genuine Undead NFT in the pool, 1,000,000 hiUNDEAD tokens are in circulation.
Ensuring the Integrity of the hiUNDEAD Network: A Multilayered Security Approach
hiUNDEAD is an Ethereum-based token, fully compatible with the ERC-20 standard. As a result, it benefits from the robust security afforded by Ethereum’s state machine.
Acquiring hiUNDEAD: A Comprehensive Guide
The hiUNDEAD tokens boast a widespread presence across multiple platforms, encompassing both decentralized and centralized cryptocurrency exchanges, including prominent names such as
Uniswap
and
KuCoin
.
Introducing hiUNDEAD: A Revolutionary Concept
hiUNDEAD is a cryptocurrency token built on the Ethereum blockchain, leveraging the ERC-20 token standard to ensure seamless compatibility with the vast array of decentralized applications within the Ethereum ecosystem. This token is a pioneering component of a novel approach to the Non-Fungible Token (NFT) market, functioning as a Non-Fungible Token Exchange Traded Fund (NFTETF). In essence, it enables investors to tap into a diverse portfolio of NFTs without the need for direct ownership.
The core functionality of hiUNDEAD is rooted in its backing by a unique collection of Genuine Undead NFTs, which the token represents. This mechanism is facilitated through an on-chain meta-swap pool, operating on the Fracton Protocol’s smart contracts. This autonomous and permissionless setup provides a seamless way for users to redeem Genuine Undead NFTs using hiUNDEAD tokens, with a nominal redemption fee of 0.6% applied to these transactions.
The supply of hiUNDEAD tokens is inextricably linked to the number of Genuine Undead NFTs in the meta-swap pool, with a direct correlation between the two. Specifically, for each NFT, 1,000,000 hiUNDEAD tokens are minted, rendering the token supply flexible and adaptive to the pool’s size. This innovative supply mechanism eschews a hard cap on the total number of hiUNDEAD tokens, allowing for a dynamic and responsive system.
The hiUNDEAD network derives its security from the underlying Ethereum blockchain, leveraging the robust and battle-tested security measures inherent to the Ethereum ecosystem. As an ERC-20 token, hiUNDEAD inherits the protection afforded by Ethereum’s defenses, safeguarding against a wide range of potential network attacks.
For those keen on acquiring hiUNDEAD tokens, they can be readily accessed through a diverse range of platforms, encompassing both decentralized and centralized exchanges. This widespread accessibility ensures that investors and enthusiasts can seamlessly engage with the thriving ecosystem surrounding hiUNDEAD.
As with any cryptocurrency investment, it is essential to undertake exhaustive research and carefully weigh the attendant risks. The pioneering nature of NFTETFs, exemplified by hiUNDEAD, unlocks novel opportunities within the blockchain and NFT realms, but grasping the intricacies of their mechanics and market dynamics is vital for making informed investment decisions.
What Safeguards Does hiUNDEAD Employ to Ensure Security?
The hiUNDEAD network harnesses the robust security framework of the Ethereum blockchain, as an ERC-20-compatible token. This ensures that it benefits from the same cryptographic and consensus mechanisms that safeguard Ethereum, one of the largest and most secure decentralized platforms. The security of Ethereum is underpinned by its proof-of-work (currently transitioning to proof-of-stake) consensus mechanism, which necessitates network participants to reach a consensus on the state of the blockchain, thereby rendering it exceedingly difficult for malicious actors to manipulate or compromise the network.
Furthermore, hiUNDEAD’s integration with the Fracton Protocol’s smart contracts introduces an additional layer of security. These self-executing contracts, devoid of centralized control, mitigate the risk of human error or manipulation, operating autonomously with precision. The permissionless redemption of Genuine Undead NFTs from hiUNDEAD tokens, accompanied by a nominal redemption fee, guarantees transparency and fairness in transactions, ensuring an unimpeachable experience.
Notwithstanding the robust foundation afforded by the hiUNDEAD network and the Ethereum blockchain, the security of users’ assets ultimately hinges on their individual practices and the platforms they elect to engage with. It is imperative that users exercise diligence in their research and opt for reputable staking and trading platforms to mitigate risks. Furthermore, it is essential to safeguard private keys and exercise prudence when participating in transactions or investments within the cryptocurrency realm.
In What Ways Will hiUNDEAD Be Utilized?
hiUNDEAD assumes a multifaceted role as an ERC20 utility token within the cryptocurrency ecosystem, particularly in the realms of non-fungible tokens (NFTs) and the broader blockchain technology landscape. Its primary application lies within Hunt Town, where it is employed to lock and bind with NFTs. This mechanism ensures that hiUNDEAD tokens remain inaccessible until a predetermined lock-up period has elapsed. Upon the completion of this period, the locked tokens are returned to the Ethereum wallet address responsible for generating the burning transaction of the Building NFT. This process underscores the token’s utility in bolstering the security and integrity of NFT transactions and ownership, thereby fostering a more secure and reliable ecosystem.
Beyond its specific application in Hunt Town, hiUNDEAD demonstrates its versatility in staking, trading, and as a medium of exchange within the cryptocurrency ecosystem. Furthermore, its potential use cases extend to supply chain management and the tokenization of traditional assets, underscoring the broad applicability of hiUNDEAD across diverse sectors. This extensive range of uses not only underscores the token’s adaptability but also its potential to enhance the efficiency and transparency of various blockchain-based applications.
As an NFTETF token, hiUNDEAD is underpinned by a portfolio of Genuine Undead NFTs, with each token serving as a fractional representation of the underlying assets within a decentralized, on-chain meta-swap pool. This innovative setup, powered by the Fracton Protocol’s autonomous smart contracts, ensures that hiUNDEAD maintains its decentralized and permissionless nature, thereby enabling users to seamlessly redeem Genuine Undead NFTs with a minimal redemption fee.
The circulation of hiUNDEAD tokens is inextricably linked to the quantity of Genuine Undead NFTs in the meta-swap pool, underscoring their distinctive symbiosis with the NFT market. As an Ethereum-based token, hiUNDEAD leverages the robust security features of Ethereum’s state machine, guaranteeing the unwavering safety and integrity of transactions.
For those seeking to acquire hiUNDEAD, it is conveniently available across a diverse range of platforms, encompassing both decentralized and centralized exchanges. This broad accessibility enables a diverse user base to participate in the hiUNDEAD ecosystem, thereby amplifying its utility and growth potential within the cryptocurrency and blockchain sphere.
It is crucial for prospective investors and users to undertake exhaustive research and carefully deliberate on the intricacies of the cryptocurrency market before engaging with hiUNDEAD or any digital assets.
What pivotal milestones have marked the journey of hiUNDEAD?
hiUNDEAD, a pioneering cryptocurrency, embodies a groundbreaking approach within the digital asset sphere, converging on the intersection of non-fungible tokens (NFTs) and traditional financial instruments. This token is an integral part of a broader trend that witnesses the fusion of unique digital assets with mechanisms typically associated with the stock market, such as exchange-traded funds (ETFs). By backing each hiUNDEAD token with a fraction of a Genuine Undead NFT, it establishes a bridge between the collectible NFT realm and the more liquid cryptocurrency markets, thereby fostering a synergy between these two distinct domains.
By virtue of its NFTETF nature, hiUNDEAD operates on a singular premise, harnessing the Fracton Protocol to facilitate seamless on-chain meta-swaps. This innovative protocol empowers users to redeem authentic Undead NFTs using hiUNDEAD tokens, pioneering a novel paradigm for interacting with NFT assets through a fractional ownership model. The incorporation of a nominal redemption fee further optimizes this process, rendering it accessible and relatively cost-effective for users with interests spanning both the NFT and cryptocurrency realms.
The hiUNDEAD network’s security is reinforced by its foundation on the Ethereum blockchain, which provides a robust and reliable infrastructure. By leveraging the ERC-20 standard, hiUNDEAD benefits from Ethereum’s stringent security protocols and seamless compatibility with a diverse range of wallets and exchanges. This ensures that hiUNDEAD tokens can be safely stored, transferred, and traded across a vast ecosystem of platforms, fostering a secure and efficient user experience.
For those seeking to acquire hiUNDEAD tokens, they can be readily accessed through a diverse range of decentralized and centralized exchanges. This broad availability across various trading platforms significantly enhances their accessibility to a wide spectrum of investors and users within the cryptocurrency community.
It is crucial for prospective investors and users to undertake exhaustive research and carefully weigh the inherent risks associated with investing in cryptocurrencies and NFTs. The pioneering fusion of NFT elements with cryptocurrency mechanisms that hiUNDEAD presents is emblematic of the rapidly evolving landscape of digital assets, heralding novel opportunities for engagement and investment within the blockchain realm.