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Monday, February 6, 2023

hiMOONBIRDS Coin Review : Is It Good Or Bad Coin Read Our Article

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About hiMOONBIRDS Coin

hiMOONBIRDS Coin 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. Fracton Protocol enables the NFT liquidity with 2-step fractionalization, making expensive non fungible assets into affordable shares.

hiMOONBIRDS Coin Point Table

Coin BasicInformation
Coin NamehiMOONBIRDS Coin
Short NameHIMOONBIRDS
Circulating SupplyN/A
Max Supply5,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

How does Fracton protocol compared to typical NFT market ?

hiMOONBIRDS Coin 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, Fracton Protocol succeed to break up normal NFT into a new form in a cost- effective and DeFi-oriented way.

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

hiMOONBIRDS Coin 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. 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. reduce >50% gas comparing to traditional swap in converting BlindBox into pNFT, by embedding BlindBox business logic into Fracton pNFT contract.

Why should I trade HiBAYC instead BAYC?

HiBAYC releases the financial attributes from BAYC and will always be on a 1:1,000,000 basis. The BAYC in the meta-swap pool operates automatically on the protocol’s smart contracts. No one has the authority to control them, and it’s also permission less while users redeem their BAYC from HiBAYC with a total 0.6% protocol fee, instead of 5% to fractionalize plus 5% to redeem.

They consider liquidity as an essential key for both decentralized exchanges and centralized exchanges, so they are aiming to build a liquid market and become a solid financial infrastructure of NFT industry. The thing is, designing to fit financial logic is vital as well as the technical utility and scalability.

Why Choose hiMOONBIRDS Coin?

Supply

The supply cap of hiBAYC is determined by the number of BAYC in the pool, and it might slightly fluctuate due to redemption and newly-fractionalization. The value of each hiBAYC is pegged to NFT assets in the pool. You can check more details on Meta-Swap Address.

hiENS4

hiENS4 is an hiNFT representing 1/1,000,000 ownership of one 4-digit ENS in the ENS4 Meta-Swap pool. For assets consistency, Fracton Protocol wrapped 4-digit ENS for fractionalization, and hiENS4 is issued backed by those wrapped 4-digit ENS accordingly.

NFT collector

Fracton Protocol will generate the people’s NFT and hiNFT for the same NFT collection. Take BAYC as an example, Fracton Protocol will mint people’s BAYC and hiBAYC when BAYC NFT is locked in the contract and a random BAYC can be redeemed from the FT contract by people’s BAYC which is decided by Chainlink VRF.

Where Can You Buy hiMOONBIRDS Coin?

Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On KuCoin, As It Has The Highest HIBIRDS/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 HIBIRDS/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.

Market Screenshot

hiMOONBIRDS Coin market screenshot

hiMOONBIRDS Coin Supported Wallet

Several Browser And Mobile App Based Wallets Support hiMOONBIRDS Coin. Here Is Example Of Wallet Which hiMOONBIRDS Coin – Trust Wallet For Hardware Ledger Nano.

FAQ Of hiMOONBIRDS Coin

Where I Can Find hiMOONBIRDS Whitepaper?

You Can Find hiMOONBIRDS 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.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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