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Summary
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What is hiPENGUINS?
: An NFTETF token backed by Pudgy Penguins NFTs, representing 1/1,000,000 Pudgy Penguins in an on-chain meta-swap pool. -
Token supply
: No hard cap, 1,000,000 hiPENGUINS tokens in circulation for every Pudgy Penguins NFT in the pool. -
Security
: Secured by Ethereum’s state machine as an ERC-20-compatible token. -
Where to buy
: Available on decentralized exchanges (e.g. Uniswap) and centralized cryptocurrency exchanges (e.g. KuCoin
About hiPENGUINS
In the realm of digital assets, a new era of innovation has dawned, and hiPENGUINS is poised to revolutionize the landscape.
Introducing hiPENGUINS: A Revolutionary Digital Ecosystem
hiPENGUINS is an innovative NFTETF (Non-Fungible Token Exchange Traded Fund) token, collateralized by the esteemed Pudgy Penguins NFTs (Non-Fungible Tokens). Each hiPENGUINS token represents a fractional ownership of 1/1,000,000 Pudgy Penguins, securely stored in an on-chain Pudgy Penguins Meta-swap pool, operating autonomously on the Fracton Protocol’s decentralized smart contracts. Notably, hiPENGUINS tokens are decentralized, meaning no single entity has control over them, and users can redeem Pudgy Penguins NFTs from hiPENGUINS tokens in a permissionless manner, with a nominal 0.6% redemption fee.
What Is the Circulating Supply of hiPENGUINS Coins?
The total supply of hiPENGUINS tokens is directly correlated with the number of Pudgy Penguins NFTs held within the meta-swap pool, with no predetermined upper limit. Specifically, for each Pudgy Penguins NFT present in the pool, 1,000,000 hiPENGUINS tokens are concurrently in circulation.
Ensuring the Integrity of the hiPENGUINS Network: A Robust Security Framework
hiPENGUINS is an Ethereum-based token, compliant with the ERC-20 standard, thereby leveraging the robust security features of Ethereum’s state machine.
Acquiring hiPENGUINS: A Comprehensive Guide
The hiPENGUINS tokens boast a widespread presence across multiple platforms, encompassing both decentralized and centralized cryptocurrency exchanges, including prominent names such as
Uniswap
and
KuCoin
.