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About hiMEEBITS
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What is hiMEEBITS?
: hiMEEBITS is an NFTETF (Non-Fungible Token Exchange Traded Fund) token backed by Meebits NFTs. -
Token representation
: 1 hiMEEBITS token = 1/1,000,000 Meebit in an on-chain Meebits Meta-swap pool. -
Redemption fee
: 0.6% to redeem Meebits NFTs from hiMEEBITS tokens. -
Total supply
: No hard cap; 1,000,000 hiMEEBITS tokens for every Meebit NFT
About hiMEEBITS
Introducing hiMEEBITS, a pioneering digital collectibles platform that converges art, technology, and community, redefining the boundaries of digital ownership and social interaction.
Introducing hiMEEBITS: A Revolutionary Digital Collectible Experience
hiMEEBITS is an innovative NFTETF (Non-Fungible Token Exchange Traded Fund) token, collateralized by a diverse portfolio of Meebits NFTs (Non-Fungible Tokens). Each hiMEEBITS token represents a fractional ownership of 1/1,000,000 Meebit, securely stored in an on-chain Meebits Meta-swap pool, operating autonomously on the Fracton Protocol’s decentralized smart contracts. Notably, hiMEEBITS operates in a trustless environment, where no single entity has control, and users can seamlessly redeem Meebits NFTs from hiMEEBITS tokens, subject to a nominal 0.6% redemption fee.
What Is the Circulating Supply of hiMEEBITS Coins?
The total supply of hiMEEBITS tokens is directly tied to the number of Meebits NFTs present in the meta-swap pool, with no predetermined cap. Notably, for each Meebit NFT in the pool, a corresponding 1,000,000 hiMEEBITS tokens are in circulation.
Ensuring the Integrity of the hiMEEBITS Network: A Multilayered Security Approach
hiMEEBITS is an Ethereum-based token, compliant with the ERC-20 standard. As a result, it benefits from the robust security afforded by Ethereum’s state machine.
Acquiring hiMEEBITS: A Guide to Purchase Options
The hiMEEBITS tokens are widely accessible across multiple platforms, including decentralized exchanges and centralized cryptocurrency exchanges, such as
Uniswap
and
KuCoin
.
Introducing hiMEEBITS: A Revolutionary Digital Collectible Experience
hiMEEBITS embodies a pioneering approach within the cryptocurrency and blockchain realm, converging on the intersection of non-fungible tokens (NFTs) and financial instruments. It is, in essence, a Non-Fungible Token Exchange-Traded Fund (NFTETF) token, uniquely collateralized by Meebits NFTs. This means that each hiMEEBITS token is equivalent to a fractional share of a Meebit NFT, specifically 1/1,000,000 of a Meebit, within an automated on-chain Meebits Meta-swap pool. This pool operates on the Fracton Protocol’s smart contracts, emphasizing a decentralized and permissionless framework for users. The protocol enables users to redeem Meebits NFTs using hiMEEBITS tokens, subject to a minimal redemption fee of 0.6%.
The supply of hiMEEBITS tokens is inextricably linked to the number of Meebits NFTs in the meta-swap pool, implying that there is no predetermined ceiling on the total number of hiMEEBITS tokens. Notably, for each Meebit NFT added to the pool, an additional 1,000,000 hiMEEBITS tokens are minted and introduced into circulation.
Security is of paramount importance for any cryptocurrency, and hiMEEBITS leverages the robust security features of the Ethereum network to safeguard its ecosystem. As an ERC-20-compatible token, hiMEEBITS inherits the comprehensive state machine security of Ethereum, thereby ensuring the integrity and safety of transactions within its ecosystem.
For those interested in acquiring hiMEEBITS tokens, they can be readily accessed through a diverse range of platforms, encompassing both decentralized and centralized exchanges. This multifaceted accessibility ensures that participants have numerous avenues to engage with hiMEEBITS, thereby catering to the diverse preferences prevalent within the crypto community.
It is crucial for prospective investors to undertake exhaustive research and carefully weigh the inherent risks associated with any cryptocurrency, including hiMEEBITS, before making an investment decision. The volatile and rapidly evolving nature of the crypto market necessitates a prudent and informed approach to mitigate potential pitfalls.
What Safeguards Does hiMEEBITS Employ to Ensure Security?
The security of the hiMEEBITS network is fundamentally rooted in its foundation on the Ethereum blockchain, which leverages the robust security protocols inherent to Ethereum. As an ERC-20-compatible token, hiMEEBITS derives significant benefits from Ethereum’s comprehensive state machine, meticulously designed to guarantee the integrity and security of data transactions across the network.
Ethereum’s security paradigm is rooted in a decentralized consensus mechanism, which renders it exceedingly challenging for any malicious entity to manipulate or compromise the network. This consensus mechanism necessitates the collective agreement of a majority of network participants on the validity of transactions prior to their addition to the blockchain, thereby creating a secure and tamper-evident ledger of all transactions.
Furthermore, the hiMEEBITS token operates on smart contracts within the Fracton Protocol, which are self-executing agreements with terms directly encoded into code. The decentralized and autonomous nature of these smart contracts ensures their operation without the need for a central authority, thereby mitigating the risk of fraud and corruption. The permissionless feature of redeeming Meebits NFTs from hiMEEBITS tokens, accompanied by a minimal redemption fee, further enhances security by minimizing human intervention and potential points of failure.
It is crucial to acknowledge that while the Ethereum blockchain and smart contract technology provide a robust foundation for security, no system is completely impervious to risks. Users should always exercise prudence and conduct thorough due diligence when interacting with cryptocurrencies and NFTs. This entails utilizing secure wallets, being vigilant against phishing attempts, and maintaining the confidentiality of private keys. Engaging with blockchain technology and cryptocurrencies necessitates a proactive approach to security to effectively safeguard one’s investments.
Unlocking the Potential of hiMEEBITS: A Multifaceted Utility
hiMEEBITS functions as a pioneering Non-Fungible Token Exchange Traded Fund (NFTETF), inextricably linked to the esteemed Meebits collection of NFTs. This groundbreaking token empowers holders to interact with the Meebits ecosystem in a distinctive manner, harnessing the Fracton Protocol’s smart contracts to facilitate seamless, automated operations within the Meta-swap pool. In essence, hiMEEBITS tokens serve as a gateway for users to access Meebits NFTs, offering a fractional ownership paradigm that democratizes access to these coveted digital assets.
The utility of hiMEEBITS transcends mere ownership, offering a multifaceted experience. By leveraging these tokens, holders can acquire and redeem random NFTs from the esteemed Meebits collection on Meta-Swap, thereby injecting a novel layer of liquidity and flexibility into the NFT market. This seamless process is facilitated by a nominal redemption fee, rendering it an attractive proposition for enthusiasts seeking to diversify their NFT portfolios without incurring the full cost of a single Meebit.
In terms of availability, hiMEEBITS tokens are circulating in the market in direct proportion to the number of Meebits NFTs held in the meta-swap pool, with a fixed ratio of 1,000,000 hiMEEBITS tokens per Meebit NFT. This innovative model ensures a direct correlation between the supply of hiMEEBITS tokens and the assets that underpin them, thereby providing a transparent and scalable framework for sustainable growth.
Within the hiMEEBITS ecosystem, security assumes paramount importance, with the token being constructed upon the Ethereum blockchain and adhering to the ERC-20 standard. This foundation leverages the robust security measures inherent to Ethereum, thereby ensuring that transactions and ownership are safeguarded by one of the most secure and reliable blockchain networks available.
For those interested in acquiring hiMEEBITS tokens, they can be readily accessed through a diverse range of platforms, encompassing both decentralized and centralized exchanges. This broad availability ensures that participants from diverse regions and with varying preferences can seamlessly engage with hiMEEBITS, thereby contributing to its enhanced liquidity and market presence.
As with any venture into the cryptocurrency realm, prospective investors are advised to exercise diligence in their research and carefully assess their financial standing prior to entering the market. The inherently volatile nature of digital assets necessitates a prudent approach to investment, underscoring the paramount importance of informed decision-making.
What pivotal milestones have marked the journey of hiMEEBITS?
hiMEEBITS embodies a pioneering approach to converging Non-Fungible Tokens (NFTs) with the broader cryptocurrency landscape, introducing a distinctive investment instrument that bridges the divide between traditional NFT ownership and cryptocurrency investments. This token essentially constitutes a fractionalized NFT ETF, enabling investors to hold a stake in a Meebit NFT through the hiMEEBITS token. This paradigm democratizes access to high-value NFTs, which would otherwise be inaccessible to the average investor due to their prohibitively high cost.
The pivotal milestones in the history of hiMEEBITS are marked by its all-time high in December 2022 and its all-time low in October 2023. These notable events are significant, as they serve as a reflection of the token’s market performance and investor interest over time. The price fluctuations underscore the inherent volatility of the cryptocurrency market, as well as the shifting perception and valuation of NFTs within this dynamic space.
The total supply of hiMEEBITS tokens is inextricably linked to the number of Meebits NFTs in the meta-swap pool, featuring a dynamic supply mechanism that adapts in response to the assets backing the token. This innovative supply mechanism plays a vital role in maintaining the token’s value in tandem with the underlying NFTs.
In the realm of cryptocurrency and blockchain, security assumes paramount importance, and hiMEEBITS effectively addresses this concern by being built on the Ethereum blockchain, thereby leveraging its robust security features. The widespread adoption and proven security track record of Ethereum provide a solid foundation for hiMEEBITS.
For those intrigued by the realm of NFTs and seeking a gateway into this burgeoning market, hiMEEBITS presents a captivating opportunity. Nevertheless, as with any investment, it is crucial to undertake exhaustive research and carefully weigh the inherent risks, particularly in light of the pronounced volatility that characterizes both the cryptocurrency and NFT markets.