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Summary of hiSAND33
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What is hiSAND33?
: NFTETF token backed by 3X3 Sandbox lands, representing 1/1,000,000 ownership of a bundle of lands. -
Token supply
: No hard cap, 1,000,000 tokens per bundle of 3X3 Sandbox lands NFTs in the meta-swap pool. -
Security
: Ethereum-based, ERC-20-compatible token, secured by Ethereum’s state machine. -
Where to buy
: Available on decentralized exchanges (e.g. Uniswap) and centralized cryptocurrency exchanges (e.g. KuCoin).
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About Hisand33
Introducing hiSAND33: A Revolutionary Concept
HiSAND33 is an innovative NFTETF (Non-Fungible Token Exchange Traded Fund) token, collateralized by a unique bundle of 3X3 Sandbox lands. Each HiSAND33 token represents a fractional ownership of 1/1,000,000 in this distinctive bundle, which is seamlessly managed by the Meta-swap pool operating on the Fracton Protocol’s decentralized smart contracts. Notably, this setup ensures that no single entity has control, and users can redeem their bundle of 3X3 Sandbox lands NFTs from HiSAND33 tokens at their discretion, with a nominal redemption fee of 0.6%.
What Is the Circulating Supply of hiSAND33 Coins?
The total supply of HiSAND33 tokens is directly correlated with the number of 3X3 Sandbox lands NFTs held within the meta-swap pool. Notably, there is no predetermined hard cap for hiSAND33. Specifically, for every bundle of 3X3 Sandbox lands NFTs deposited into the pool, a corresponding 1,000,000 HiSAND33 tokens are concurrently in circulation.
Ensuring the Integrity of the hiSAND33 Network: A Multilayered Security Approach
hiSAND33 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.
Where to Acquire hiSAND33?
The hiSAND33 token is accessible on a multitude of platforms, including decentralized exchanges and centralized cryptocurrency exchanges:
Uniswap
and
KuCoin
.