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What Is hiCLONEX?
hiCLONEX is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the CloneX NFTs (Non-Fungible Tokens). One hiCLONEX token represents 1/1,000,000 CloneX in an on-chain CloneX 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 CloneX NFTs from hiCLONEX tokens with only a 0.6% redemption fee.
How Many hiCLONEX Coins Are There in Circulation?
The total supply of hiCLONEX tokens is dependent on the number of CloneX NFTs in the meta-swap pool. There is no hard cap for hiCLONEX. For every CloneX NFT in the pool, there are 1,000,000 hiCLONEX tokens in circulation.
How Is the hiCLONEX Network Secured?
hiCLONEX is an Ethereum-based, ERC-20-compatible token. As such, it is secured by Ethereum's state machine.
Answers
What Is hiCLONEX?
hiCLONEX is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the CloneX NFTs (Non-Fungible Tokens). One hiCLONEX token represents 1/1,000,000 CloneX in an on-chain CloneX 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 CloneX NFTs from hiCLONEX tokens with only a 0.6% redemption fee.
How Many hiCLONEX Coins Are There in Circulation?
The total supply of hiCLONEX tokens is dependent on the number of CloneX NFTs in the meta-swap pool. There is no hard cap for hiCLONEX. For every CloneX NFT in the pool, there are 1,000,000 hiCLONEX tokens in circulation.
How Is the hiCLONEX Network Secured?
hiCLONEX is an Ethereum-based, ERC-20-compatible token. As such, it is secured by Ethereum's state machine.
Where Can I Buy hiCLONEX?
hiCLONEX 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/)
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