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What Is hiMOONBIRDS?
hiMOONBIRDS is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the Moonbirds NFTs (Non-Fungible Tokens). One hiMOONBIRDS token represents 1/1,000,000 Moonbirds in an on-chain Moonbirds 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 Moonbirds NFTs from hiMOONBIRDS tokens with only a 0.6% redemption fee.
How Many hiMOONBIRDS Coins Are There in Circulation?
The total supply of hiMOONBIRDS tokens is dependent on the number of Moonbirds NFTs in the meta-swap pool. There is no hard cap for hiMOONBIRDS. For every Moonbirds NFT in the pool, there are 1,000,000 hiMOONBIRDS tokens in circulation.
How Is the hiMOONBIRDS Network Secured?
hiMOONBIRDS is an Ethereum-based, ERC-20-compatible token. As such, it is secured by Ethereum's state machine.
Where Can I Buy hiMOONBIRDS?
hiMOONBIRDS 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/)
Answers
What Is hiMOONBIRDS?
hiMOONBIRDS is a token backed by the Moonbirds NFTs, representing 1/1,000,000 Moonbirds in an on-chain Moonbirds Meta-swap pool on the Fracton Protocol. It operates through smart contracts and allows users to redeem Moonbirds NFTs from hiMOONBIRDS tokens with a 0.6% redemption fee.
How Many hiMOONBIRDS Coins Are There in Circulation?
The total supply of hiMOONBIRDS tokens depends on the number of Moonbirds NFTs in the meta-swap pool. There is no hard cap for hiMOONBIRDS. For each Moonbirds NFT in the pool, there are 1,000,000 hiMOONBIRDS tokens in circulation.
How Is the hiMOONBIRDS Network Secured?
hiMOONBIRDS is an Ethereum-based ERC-20 token and is secured by Ethereum's state machine.
Where Can I Buy hiMOONBIRDS?
hiMOONBIRDS tokens can be purchased on various platforms, including decentralized exchanges like Uniswap (https://BYDFi.com/exchanges/uniswap-v2/) and centralized cryptocurrency exchanges like BYDFi (https://BYDFi.com/exchanges/BYDFi/).