About hiMEEBITS Coin
hiMEEBITS Coin provides permissionless liquidity and oracle for all kinds of NFT collectibles. Buy your favorite top NFT in any amount. 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 Fraction Protocol. The circulating supply of HiBAYC 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 Fraction Protocol at any time.
Fraction 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. Fraction Protocol enables the NFT liquidity with 2-step fractionalization, making expensive non fungible assets into affordable shares.
hiMEEBITS Coin Point Table
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How does Fracton protocol compared to typical NFT market ?
As known to all, liquidity is a significant factor for NFT market trading. The better liquidity, the better price for NFT. Typical NFT market has limited depth due to its native character which is ownership can not be shared on the blockchain in any formal capacity. However, Fraction Protocol succeed to break up normal NFT into a new form in a cost- effective and DeFi-oriented way.
They should make clear of the distinctions of the terms in the area of “Fracton”, which may confuse new users.
- Raw NFT: Underlying NFT (typical ERC 721/ERC 1155 NFT such as BAYC or Crypto Punk) using Fracton Protocol to populate the liquidity in both CEX and DEX environment.
- pNFT: Abbreviation for people’s NFT. Raw NFT (ERC 721/1155 token) will be fractionalized into certain amount of people’s NFT (ERC 1155). The people’s NFT is used to purchase and redeem Raw NFT.
- upNFT: Abbreviation for unravel people’s NFT, which represents an inactive state of pNFT. User can fundraise for a new Raw NFT and the Fraction Protocol will mint upNFT to the user, only when the fundraise succeed, upNFT will be turned to pNFT.
- hiNFT: The people’s NFT will will be fractionalized into certain amount of hiNFT(ERC 20 token).
- Fracton Governance: A governance system for governing the Fraction Protocol, enabled by the FT token.
Why Choose hiMEEBITS Coin?
Traditional swap relays on dedicated liquidity pools for swapping tokens. This requires initial liquidity and LPs for building the liquidity pool. Friction 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.
Permission less 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.
Where Can You Buy hiMEEBITS Coin?
Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On KuCoin As It Has The Highest HIMEEBITS/USDT. e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include HIMEEBITS/USDT And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.
hiMEEBITS Supported Wallet
Several Browser And Mobile App Based Wallets Support hiMEEBITS. Here Is Example Of Wallet Which hiMEEBITS – Trust Wallet For Hardware Ledger Nano.
FAQ Of Fish
Where I Can Find hiMEEBITS Whitepaper?
You Can Find hiMEEBITS Whitepaper By Clicking Here.
Where I Can Buy/Sell Balancer Token?
You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – KuCoin.
What is Circulating Supply Of Balancer Token?
Circulating Supply Of Balancer Token Is N/A.