Introducing hiBEANZ
What is hiBEANZ?
hiBEANZ emerges as a groundbreaking NFTETF (Non-Fungible Token Exchange Traded Fund) token, backed by the esteemed BEANZ Official NFTs (Non-Fungible Tokens). Each hiBEANZ token corresponds to 1/1,000,000 BEANZ Official within an on-chain BEANZ Official Meta-swap pool, seamlessly operated through Fracton Protocol's smart contracts. Strikingly, these tokens are beyond the control of any single entity, offering users a permissionless path to redeem BEANZ Official NFTs from hiBEANZ tokens, with only a nominal 0.6% redemption fee.
What is the Circulation of hiBEANZ?
The circulation of hiBEANZ tokens aligns with the number of BEANZ Official NFTs in the meta-swap pool. Unlike traditional cryptocurrencies, hiBEANZ does not have a fixed supply cap. For every BEANZ Official NFT integrated into the pool, 1,000,000 hiBEANZ tokens circulate within the ecosystem.
How is the hiBEANZ Network Fortified?
Operating on Ethereum's robust infrastructure, hiBEANZ is an Ethereum-based ERC-20-compatible token. Its security is underpinned by Ethereum's state-of-the-art blockchain technology, ensuring reliability and integrity within the network.
Where Can hiBEANZ be Acquired?
hiBEANZ tokens are readily accessible across various platforms, catering to both decentralized and centralized exchange enthusiasts. Platforms such as Uniswap and KuCoin serve as prominent venues for acquiring hiBEANZ tokens, providing users with seamless access to this innovative digital asset.
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