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Summary of hiBEANZ
Key Points
- hiBEANZ is an NFTETF (Non-Fungible Token Exchange Traded Fund) token backed by BEANZ Official NFTs.
- One hiBEANZ token represents 1/1,000,000 BEANZ Official NFTs in an on-chain meta-swap pool.
- The total supply of hiBEANZ tokens is dependent on the number of BEANZ Official NFTs in the meta-swap pool.
- hiBEANZ is an Ethereum-based, ERC-20-compatible token, secured by Ethereum’s state machine.
- hiBEANZ tokens are available on decentralized and centralized exchanges.
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About hiBEANZ: Empowering a New Era of Digital Assets
Introducing hiBEANZ: A Revolutionary Digital Asset
hiBEANZ is an innovative NFTETF (Non-Fungible Token Exchange Traded Fund) token, collateralized by the esteemed BEANZ Official NFTs (Non-Fungible Tokens). Each hiBEANZ token represents a fractional ownership of 1/1,000,000 BEANZ Official NFTs, securely stored in an on-chain BEANZ Official Meta-swap pool, operating autonomously via the Fracton Protocol’s smart contracts. Notably, this decentralized system ensures that no single entity holds control, and users can redeem BEANZ Official NFTs from hiBEANZ tokens at their discretion, with a nominal 0.6% redemption fee.
The Circulating Supply of hiBEANZ Coins: An Overview
The total supply of hiBEANZ tokens is directly correlated with the number of BEANZ Official NFTs present in the meta-swap pool, with no predetermined cap. Notably, for each BEANZ Official NFT in the pool, a corresponding 1,000,000 hiBEANZ tokens are in circulation.
Ensuring the Integrity of the hiBEANZ Network: A Multilayered Security Approach
hiBEANZ 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 hiBEANZ: A Comprehensive Guide
hiBEANZ tokens are widely accessible across multiple platforms, including decentralized exchanges and centralized cryptocurrency exchanges, such as
Uniswap
and
KuCoin
.
Introducing hiBEANZ: A Revolutionary Digital Asset
hiBEANZ is a cryptocurrency that operates seamlessly within the Hacken ecosystem, fulfilling multiple purposes, including staking, voting, and facilitating the purchase of exclusive discounts. As a pivotal component of the ecosystem’s tokenomics, hiBEANZ is readily accessible through a variety of reputable exchanges.
Beyond its utility within the Hacken ecosystem, hiBEANZ distinguishes itself as a pioneering Non-Fungible Token Exchange Traded Fund (NFTETF) token. It is collateralized by BEANZ Official NFTs, with each hiBEANZ token representing a fractional stake in the BEANZ Official NFTs, which are aggregated in an automated on-chain meta-swap pool. This decentralized pool operates on the Fracton Protocol’s smart contracts, ensuring a trustless environment where no single entity exercises control, and users can redeem BEANZ Official NFTs in a permissionless manner, subject to a nominal redemption fee.
The circulating supply of hiBEANZ tokens is inextricably linked to the quantity of BEANZ Official NFTs present in the meta-swap pool, thereby establishing a distinctive supply mechanism devoid of a predetermined cap. Each BEANZ Official NFT is accompanied by a corresponding circulation of one million hiBEANZ tokens, underscoring the token’s inherent connection to the NFT market.
Security is of paramount importance for any cryptocurrency, and hiBEANZ tackles this concern head-on by building upon the robust foundation of the Ethereum blockchain. As an ERC-20-compatible token, it leverages Ethereum’s stringent security protocols and state machine, thereby providing a secure environment for seamless transactions and safeguarding of assets.
The hiBEANZ token boasts a broad availability, transcending traditional boundaries by being listed on both decentralized and centralized exchanges, thereby catering to a diverse array of investors and users fascinated by the confluence of NFTs and cryptocurrency.
As with any venture into the realm of cryptocurrency investment, it is imperative to undertake exhaustive research and carefully weigh the inherent risks involved before taking the plunge.
What Safeguards Does hiBEANZ Employ to Ensure Security?
hiBEANZ adopts a multifaceted approach to guarantee the impregnable security and unwavering integrity of its network and user assets. This comprehensive strategy seamlessly integrates technological and procedural safeguards to thwart unauthorized access, data breaches, and a myriad of other cyber threats.
From a technological standpoint, hiBEANZ employs robust encryption methodologies to safeguard sensitive personal information, thereby ensuring that confidential data remains obscured and inaccessible to unauthorized entities. This stringent encryption protocol is applied uniformly to both data storage and transmission, thereby fostering a secure environment that rigorously protects users’ sensitive information.
To thwart potential cyber threats, hiBEANZ has instituted a robust defense mechanism, comprising the deployment of cutting-edge security protocols and perpetual surveillance of the network to detect any indications of malicious activity. Through unwavering vigilance and proactive measures, hiBEANZ strives to preempt and neutralize hacking attempts, thereby safeguarding the integrity of its system.
An internal management plan serves as an additional bulwark against security breaches, outlining explicit guidelines and protocols for data handling and network administration. This comprehensive plan incorporates access control systems, which rigorously restrict entry to sensitive network areas, thereby ensuring that only authorized personnel can access critical infrastructure.
hiBEANZ also implements stringent measures to prevent the tampering or alteration of access records, thereby ensuring the integrity and authenticity of its audit trails. This is paramount for promptly identifying and responding to security incidents with precision and accuracy.
The incorporation of Mixin Kernel, decentralized wallets, and decentralized applications (dApps) significantly bolsters the ecosystem’s robustness against potential attacks. By decentralizing critical components, the risk of single points of failure is mitigated, thereby rendering it increasingly difficult for malicious actors to compromise the network’s integrity.
For users seeking an additional layer of security, hiBEANZ advocates the utilization of supported hardware wallets. These devices offer a robust physical safeguard for private keys, rendering it virtually impossible for attackers to remotely access users’ funds.
Beyond these specific measures, hiBEANZ is anchored to the Ethereum blockchain, leveraging the robust security features inherent to this decentralized network. As an ERC-20-compatible token, hiBEANZ inherits the security benefits of Ethereum’s battle-tested consensus mechanism, which has consistently demonstrated its reliability and resilience over the years.
In summary, hiBEANZ’s security strategy is multifaceted and exhaustive, integrating robust encryption, anti-hacking countermeasures, stringent internal management protocols, access control mechanisms, and the inherent security attributes of the Ethereum blockchain. Furthermore, users are advised to adopt supplementary personal security measures, such as utilizing hardware wallets, to provide an additional layer of protection for their assets.
What Role Will hiBEANZ Play?
hiBEANZ serves as a multifaceted digital asset within the Hacken ecosystem, offering users a diverse range of applications. Principally, it facilitates the purchase and redemption of NFTs, thereby enabling holders to engage with the burgeoning market of digital collectibles and assets. This utility is significantly enhanced by the token’s seamless integration with the Fracton Protocol, which enables a frictionless exchange between hiBEANZ and BEANZ Official NFTs through an on-chain meta-swap pool. The process is deliberately designed to be permissionless, thereby offering a high degree of autonomy and ease for users seeking to redeem NFTs, with a nominal fee applied to transactions.
Beyond its role in the NFT space, hiBEANZ also incorporates staking mechanisms, empowering token holders to stake their assets and earn rewards. By doing so, they contribute to the security and functionality of the network, while gaining exclusive benefits and privileges within the Hacken ecosystem. This staking feature serves as a powerful incentive, fostering a more secure and robust network environment.
The hiBEANZ network is constructed upon the robust foundation of the Ethereum blockchain, harnessing the unparalleled security and reliability of Ethereum’s well-established infrastructure. As an ERC-20-compatible token, hiBEANZ inherits the comprehensive security measures of Ethereum, thereby guaranteeing the integrity of transactions and safeguarding token holdings.
In terms of availability, hiBEANZ tokens boast widespread accessibility across a diverse range of platforms, encompassing both decentralized and centralized exchanges. This multifaceted accessibility facilitates seamless entry points for new users, while concurrently providing liquidity for existing holders seeking to trade or invest in hiBEANZ.
In summary, hiBEANZ presents a multifaceted utility within the digital asset realm, encompassing NFT acquisition and redemption, staking, and active participation in the Hacken ecosystem. By leveraging the Ethereum blockchain, hiBEANZ establishes a secure and dependable framework for users, while its listing on multiple exchanges fosters liquidity and accessibility.
What pivotal milestones have marked hiBEANZ’s journey?
hiBEANZ has navigated a trajectory of significant milestones within the cryptocurrency realm. Notably, the launch of its decentralized application (DApp) marks a pivotal juncture, empowering users to engage with the hiBEANZ ecosystem in a more seamless and functional capacity. This strategic development was designed to elevate user experience and accessibility, thereby providing a unified platform for transactions and interactions within the hiBEANZ community.
Notably enriching its ecosystem, hiBEANZ has unveiled two novel tokens, hiNFT and PNFT, thereby expanding its offerings and diversifying the avenues through which users can interact with the platform and its assets. The introduction of these tokens serves as a testament to hiBEANZ’s unwavering commitment to innovation and its dedication to catering to the diverse interests and needs of the cryptocurrency community.
Looking ahead, hiBEANZ has unveiled plans for forthcoming partnerships, underscoring its commitment to expanding its network and forging strategic alliances with key players within the blockchain and cryptocurrency ecosystems. These collaborations are poised to unlock new opportunities and potentially propel hiBEANZ towards further growth and development.
Beyond these strategic maneuvers, hiBEANZ is secretly cultivating a surprise project, the details of which remain shrouded in mystery. This enigmatic undertaking is poised to inject an additional layer of thrill and engagement into the hiBEANZ community, underscoring the team’s unwavering commitment to pioneering novel and innovative concepts that propel the forefront of innovation.
Furthermore, hiBEANZ is gearing up to commemorate its forthcoming birthday on August 2, an occasion poised to nurture a profound sense of community and belonging among its devoted supporters. This milestone event will serve as a poignant reflection on the project’s remarkable journey, highlighting the achievements and challenges overcome along the way.
It is crucial to acknowledge that while hiBEANZ has demonstrated potential for growth and innovation, the cryptocurrency market is inherently prone to fluctuations. The value of hiBEANZ, similar to that of many digital assets, has been subject to oscillations. Prospective investors are advised to conduct exhaustive research and carefully consider market trends and news surrounding hiBEANZ and the broader cryptocurrency landscape prior to making informed investment decisions. The dynamic nature of the market implies that, alongside opportunities, there are also inherent risks involved.