NFT ETF - hiBAYC Gets Listed on KuCoin! World Premiere!

07/28/2022, 15:22:04


KuCoin is extremely proud to announce a new NFT ETF coming to our trading platform — hiBAYC, powered by the Fracton Protocol. hiBAYC(HIBAYC) is now available on KuCoin. The trading pair HIBAYC/USDT will be supported.

Note: hiBAYC represents 1/1,000,000 ownership of the target BAYC in the BAYC Meta-Swap pool of Fracton Protocol, aiming to release NFT fractions’ liquidity further.

Please take note of the following schedule:

  1. Deposits Effective Immediately (Supported Network: ERC20)
  2. Trading: 10:00 on July 29, 2022 (UTC)
  3. Withdrawals: 11:00 on July 29, 2022 (UTC)

Tags: NFT ETF, Blue-Chip NFT

Initial Total Supply: 2,000,000 HIBAYC (For each new BAYC added to the collection, the total supply of hiBAYC will increase by 1 million)

Current circulating supply: 6,000,000 HIBAYC

Watch the deep dive into HIBAYC: What is NFT ETF?

HiBAYC is a fraction token backed by BAYC NFT. One HiBAYC token represents 1/1,000,000 BAYC in an on-chain BAYC Meta-swap pool operating by Fracton Protocol. The circulating supply of HiBAYC is equal to the total supply and based on the actual amount of BAYC in the BAYC Meta-swap pool, which can be monitored by a public address-( 0x83031984B45553070a088273f341BfF7fB4f2F46) With a 100% reserve guarantee, users can redeem a BAYC from Fracton Protocol at any time. To learn more about Fracton Protocol, click here.

Website: https://www.fracton.cool/

Twitter: https://twitter.com/FractonProtocol

Discord: https://discord.com/invite/GzV8cx8QyZ

Telegram:

Medium: https://medium.com/@FractonProtocol

Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.

Regards,

The KuCoin Team

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