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Summary of hiPUNKS
Key Points
- hiPUNKS is an NFTETF token backed by CryptoPunks NFTs.
- 1 hiPUNKS token represents 1/1,000,000 CryptoPunks in a meta-swap pool.
- No hard cap on hiPUNKS tokens; supply depends on CryptoPunks NFTs in the pool.
- hiPUNKS is an Ethereum-based, ERC-20-compatible token.
- Available on decentralized and centralized exchanges, including Uniswap and KuCoin.
- Redemption fee: 0.6%.
Figures and Numbers
About hiPUNKS: Revolutionizing the Realm of Digital Collectibles
Introducing hiPUNKS: A Revolutionary Concept
HiPUNKS is an innovative NFTETF (Non-Fungible Token Exchange Traded Fund) token, collateralized by the esteemed CryptoPunks NFTs (Non-Fungible Tokens). Each HiPUNKS token represents a fractional ownership of 1/1,000,000 CryptoPunks, securely stored in an on-chain CryptoPunks Meta-swap pool, operating autonomously on the Fracton Protocol’s decentralized smart contracts. Notably, this decentralized framework ensures that no single entity has control, and users can redeem CryptoPunks NFTs from HiPUNKS tokens in a permissionless manner, with a nominal 0.6% redemption fee.
What Is the Circulating Supply of hiPUNKS Coins?
The total supply of HiPUNKS tokens is directly tied to the number of CryptoPunks NFTs present in the meta-swap pool, with no predetermined upper limit. Specifically, for each CryptoPunks NFT in the pool, 1,000,000 HiPUNKS tokens are in circulation.
Ensuring the Integrity of the hiPUNKS Network: A Robust Security Framework
hiPUNKS 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 hiPUNKS: A Guide to Purchasing Options
hiPUNKS tokens are widely accessible across multiple platforms, including decentralized exchanges and centralized cryptocurrency exchanges, such as
Uniswap
and
KuCoin
.