What is hiMAYC?
hiMAYC is a unique concept in the world of cryptocurrency, a Non-Fungible Token Exchange Traded Fund (NFTETF). It is designed to give investors access to the value of Non-Fungible Tokens (NFTs) in a more accessible and manageable way. Backed by the valuable MAYC NFTs, each hiMAYC token represents 1/1,000,000 of a MAYC NFT. The hiMAYC network operates on the Fracton Protocol's smart contracts, ensuring that the token is decentralized, permissionless, and controlled by no one.
The total supply of hiMAYC tokens is directly linked to the number of MAYC NFTs in the meta-swap pool, making it a dynamic and growing network. Unlike many other cryptocurrencies, hiMAYC does not have a hard cap, which means that there is no limit to the number of tokens that can be in circulation. This means that users have the ability to invest in hiMAYC and potentially profit from the growth of the MAYC NFTs.
The hiMAYC network is built on the Ethereum blockchain, and as a result, is an ERC-20-compatible token. This means that it is secured by Ethereum's state machine, which has been designed to ensure the security and integrity of the network. Additionally, users have the ability to redeem MAYC NFTs from hiMAYC tokens with only a 0.6% redemption fee, which adds another layer of security and accessibility for investors.
Overall, hiMAYC is a unique and innovative solution for investors looking to gain exposure to the growing NFT market. With its secure and decentralized nature, hiMAYC offers a compelling investment opportunity for those who want to participate in the exciting world of NFTs.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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