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Summary
Key Points
- hiSQUIGGLE is an NFTETF token backed by Chromie Squiggle NFTs.
- 1 hiSQUIGGLE token represents 1/1,000,000 Chromie Squiggle in a meta-swap pool.
- Redemption fee: 0.6%.
- Total supply: dependent on Chromie Squiggle NFTs in the pool.
- hiSQUIGGLE is an Ethereum-based, ERC-20-compatible token.
- Available on Uniswap and KuCoin exchanges.
Numbers and Figures
About Hisquiggle
Introducing hiSQUIGGLE: A Revolutionary Concept
hiSQUIGGLE is an innovative NFTETF (Non-Fungible Token Exchange Traded Fund) token, collateralized by the esteemed Chromie Squiggle NFTs (Non-Fungible Tokens). Each hiSQUIGGLE token represents a fractional ownership of 1/1,000,000 Chromie Squiggle, securely stored in an on-chain Chromie Squiggle Meta-swap pool, autonomously operated by the Fracton Protocol’s smart contracts. Notably, these tokens are decentralized, with no central authority governing them, and users can redeem Chromie Squiggle NFTs from hiSQUIGGLE tokens in a permissionless manner, subject to a nominal 0.6% redemption fee.
What Is the Circulating Supply of hiSQUIGGLE Coins?
The total supply of hiSQUIGGLE tokens is directly tied to the number of Chromie Squiggle NFTs present in the meta-swap pool, with no predetermined cap in place. Notably, for each Chromie Squiggle NFT in the pool, a corresponding 1,000,000 hiSQUIGGLE tokens are concurrently in circulation.
Ensuring the Integrity of the hiSQUIGGLE Network: A Robust Security Framework
hiSQUIGGLE 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 hiSQUIGGLE: A Comprehensive Guide
hiSQUIGGLE tokens are readily available across a multitude of platforms, including decentralized exchanges and centralized cryptocurrency exchanges:
Uniswap
and
KuCoin
.