hiMAYC is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the MAYC NFTs (Non-Fungible Tokens). One hiMAYC token represents 1/1,000,000 MAYC in an on-chain MAYC Meta-swap pool operating automatically on the Fracton Protocol's smart contracts. No one has the authority to control them, and it's also permissionless for users to redeem MAYC NFTs from hiMAYC tokens with only a 0.6% redemption fee.

The total supply of hiMAYC tokens is dependent on the number of MAYC NFTs in the meta-swap pool. There is no hard cap for hiMAYC. For every MAYC NFT in the pool, there are 1,000,000 hiMAYC tokens in circulation.

hiMAYC is an Ethereum-based, ERC-20-compatible token. As such, it is secured by Ethereum's state machine.

hiMAYC tokens are available on numerous platforms. These include decentralized exchanges and centralized cryptocurrency exchanges:[Uniswap](https://BYDFi.com/exchanges/uniswap-v2/)[BYDFi](https://BYDFi.com/exchanges/BYDFi/)

hiMAYC is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the MAYC NFTs (Non-Fungible Tokens). One hiMAYC token represents 1/1,000,000 MAYC in an on-chain MAYC Meta-swap pool operating automatically on the Fracton Protocol's smart contracts. No one has the authority to control them, and it's also permissionless for users to redeem MAYC NFTs from hiMAYC tokens with only a 0.6% redemption fee.

The total supply of hiMAYC tokens is dependent on the number of MAYC NFTs in the meta-swap pool. There is no hard cap for hiMAYC. For every MAYC NFT in the pool, there are 1,000,000 hiMAYC tokens in circulation.

hiMAYC is an Ethereum-based, ERC-20-compatible token. As such, it is secured by Ethereum's state machine.

hiMAYC tokens are available on numerous platforms. These include decentralized exchanges and centralized cryptocurrency exchanges: [Uniswap](https://BYDFi.com/exchanges/uniswap-v2/), [BYDFi](https://BYDFi.com/exchanges/BYDFi/)