What Is HiDOODLES (HIDOODLES)? Complete Guide & Review About HiDOODLES

What Is HiDOODLES (HIDOODLES)?

HiDOODLES is an ERC-20 token representing 1/1,000,000 ownership of a Doodles in the Meta-Swap pool of Fracton Protocol. The live price today is $0.009400 USD with a 24-hour trading volume of $4,374,322 USD. They update HIDOODLES to USD price in real-time. This is down 17.54% in the last 24 hours. The current CoinMarketCap ranking is #2712, with a live market cap of not available. The circulating supply is not available and a max. supply of 23,000,000 HIDOODLES coins.

Fracton protocol is an NFT-based liquidity infrastructure, aiming to provide unified solution for NFT liquidity population. The protocol is implemented as a set of smart contracts, designed to prioritize censorship resistance, security as well as gas efficiency. The Protocol enables the NFT liquidity with 2-step fractionalization, making expensive non fungible assets into affordable shares.

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HiBAYC

HiBAYC is an ERC-20 token pegged to BAYC NFT by fractionalization. One HiBAYC token represents 1/1,000,000 BAYC in an on-chain BAYC Meta-swap pool operating by Fracton Protocol. The circulating supply of This is equal to the total supply and based on the actual amount of BAYC in the BAYC Meta-swap pool. BAYC in the pool can be redeemed by HiBAYC from Fracton Protocol at any time.

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More Tradable

Lower trading fee

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Liquidity prompting

Fracton Protocol is designed to fractionalized any target NFT collections, instead of a single NFT token, by leveraging Chainlink VRF for swapping pNFT for a random Raw NFT (of the target collection) hold by the protocol

Fracton Protocol provides 2 steps of fractionalization (Raw NFT(ERC721)-pNFT (ERC1155)-hiNFT (ERC20)) with a fixed swap rate (1:1000) for target NFT collection. 2-Step-Swap Architecture involves more possibilities in DeFi world.

Pool-Less Swap

Traditional swap relays on dedicated liquidity pools for swapping tokens. This requires initial liquidity and LPs for building the liquidity pool. Fracton Swap creates pool-less swap based on a “LRMB” mechanism. The swap always Lock/Release tokens on the one side of ERC721/ERC1155/ERC20 token pairs, and Mint&Burn tokens on the other side

Permissionless Protocol

Permissionless design means that the protocol’s services are entirely open for public use, with no ability to selectively restrict who can or cannot use them. Anyone can swap, provide liquidity. This is a departure from traditional financial services, which typically restrict access based on geography, wealth status, and age.

The protocol is also immutable, in other words not upgradeable. No party is able to pause the contracts, reverse trade execution, or otherwise change the behavior of the protocol in any way.

Stateless System

By reducing the frequency and the volume of adding data to the Ethereum state, Fracton tackles the state explosion problem by creating a “stateless system” that runs on Ethereum mainnet with absolute cost efficiency.

Fracton protocol does not add any state variables to be updated for user actions. Furthermore, Fracton protocol reduces traditional token contract _balance state variable updates which:

1. 1.reduce >25% gas in token exchange comparing to traditional swap, by its pool-less swap design, by mint/burn user address tokens instead of transferring between user address and swap.
2. 2.reduce >50% gas comparing to traditional swap in converting BlindBox into pNFT, by embedding BlindBox business logic into Fracton pNFT contract.

Fees

All the fees can be governed by DAO which is built upon the Fracton Protocol.

Transaction Fees

Any address operates the transaction regarding to hiNFT will be charged transaction fee with rate 2‰.

Redemption Fees

Any address operates the redemption from hiNFT to pNFT or from pNFT to Raw NFT will be charged as redemption fee will rate 3‰.

FT

$Fracton(FT) officially launched on the 11st of August 2022. The $Fracton token is an essential component of such infrastructures as it functions as the governance token, incentivizes user participation, and serves as the primary payment token of the Fracton ecosytem.

Supply

The total supply of 100,000,000 is distributed as such:

• 51% to DAO Treasury
• 14% to mining incentives
• 14% to funding
• 5% to advisors
• 10% to team employee
• 3% to marketing
• 3% to IEO