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hiBAYC Price

(HIBAYC)

AUD(A$)

Note: This cryptocurrency has not yet been officially listed on KuCoin.

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hiBAYC (HIBAYC) Live Price Chart

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    Note: This data is for reference only.
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    HIBAYC(HIBAYC) Profile

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    ATH
    A$1.77
    Price Change (1h)
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    Price Change (24h)
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    Price Change (7d)
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    Market Cap
    24h Volume
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    Circulating Supply
    4,977,000
    Max Supply
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    About hiBAYC

    • What is hiBAYC (HIBAYC) Crypto?

      hiBAYC (HIBAYC) is a fractional token of the popular NFT collection, BAYC (Bored Ape Yacht Club). The ERC-20 token allows fractional ownership of one of the crypto market’s most valuable and popular NFT collections.

      One HIBAYC token represents one-millionth of a share of a BAYC stored in an on-chain BAYC Meta-swap pool operated by Fracton Protocol. The BAYC NFT in this pool can be redeemed for 1 million HIBAYC crypto at any time.

      The hiBAYC crypto offers an opportunity for users to exert fractional ownership over one of the most coveted digital collectibles in the NFT market. Fracton Protocol’s unique venture enables fractionalization as a novel way of making blue-chip NFTs more accessible for everyone to own.

      The Fracton Protocol is a fractionalization trading protocol that bridges the gap between the centralized and decentralized worlds. Their venture has not only fractionalized ownership of BAYC NFTs with hiBAYC tokens. Still, it has also launched similar opportunities for users to own a portion of other high-value NFTs, including collectibles from CryptoPunks,Sandbox LANDs, Ethereum Name Service domains, and more.

    • How Does hiBAYC Work?

      hiBAYC is an ERC-20 token standard designed on the Ethereum blockchain. Each hiBAYC token’s value is pegged to one-millionth of a BAYC owned in the Meta-swap pool of Fracton Protocol.

      Every HIBAYC crypto represents one-millionth of a share of a BAYC stored in the Fracton BAYC Vault, available for trading and ownership as an exchange-traded fund (ETF). The circulating supply of hiBAYC tokens in the market is the same as the crypto’s total supply, meaning that all of its tokens are always in circulation and available for buying, trading, and owning.

      With a lack of a hard cap or a fixed max supply, Fracton Protocol adjusts the total supply of the fractional token based on the actual amount of BAYC NFTs it owns in its Meta-swap pool. The BAYC NFTs stored in this pool can be redeemed by exchanging an equivalent number of Fracton Protocol’s hiBAYC cryptocurrency.

      The concept of the fractional NFT via hiBAYC NFT ETFs makes exclusive blue-chip NFTs more accessible to smaller crypto investors with limited funds. In addition, fractionalizing the ERC-721 NFT token makes it even more tradable and improves liquidity in the market.

      The fractional ERC-20 token hiBAYC also benefits from lower trading fees on the network. The decentralized operating model of Fracton Protocol and its Meta-swap pool also makes the ownership and management of these high-value digital assets more transparent, increasing overall trust in the system.

    • History of hiBAYC Coin

      The concept of the fraction token-backed hiBAYC crypto was introduced by the Fracton Protocol team in early July 2022. By August 2022, the HIBAYC token was listed for trading on KuCoin and Uniswap.

      The KuCoin Exchange became the first exchange worldwide to introduce the concept of fractional ownership via USDT-based NFT ETFs. Our platform partnered with Fracton Protocol to launch the NFT ETF Trading Zone for this initiative.

      The company also coined the term fractionalized fungible tokens (FFTs) to denote the cryptocurrency, which represents a portion of ownership of the original blue-chip non-fungible token.

    FAQ

    Is hiBAYC a Good Investment?

    Given the rising popularity of non-fungible tokens (NFTs) in the crypto market in recent years, making this asset class more accessible is a promising opportunity. Fracton Protocol’s idea to fractionalize ownership of blue-chip NFTs via its hiBAYC token and other offerings has much potential as an investment opportunity.

    The hiBAYC price could register an uptick as the value of the BAYC collection increases. The token, in turn, could also contribute to driving up the value of the blue-chip NFT collection itself.

    As the demand for HIBAYC rises, the potential for crypto investors to use this route towards owning a BAYC NFT also increases. Meanwhile, given that the HIBAYC value is pegged to one-millionth of each BAYC owned by Fracton Protocol in its Vault, an uptrend in BAYC price could also send the price of hiBAYC upwards.

    In addition to rising interest in BAYC and the HIBAYC crypto among investors in the market, the HIBACY price could also edge upwards when the market sentiment towards cryptocurrencies in general and NFTs, in particular, picks up. A bullish sentiment raises investor confidence and boosts buying activity, driving up the HIBAYC price and other related assets.

    What is the HIBAYC Price Prediction?

    Although it is impossible to offer an accurate HIBAYC price prediction over any duration, this cryptocurrency has several fundamental factors that support a potential uptrend in its value in the future. As of September 2022, the live price of HIBAYC holds under its all-time high of more than $0.15.

    However, higher interest in trading or owning the token among crypto investors and NFT enthusiasts could see the HIBAYC value reclaim its highest price and make new highs. This would require a positive market sentiment towards digital assets and NFTs.

    The price of HIBAYC could also experience growth as the token gets listed on more cryptocurrency exchanges for trading. New listings, especially in the NFT space - one of the industry’s most active sectors- always generate interest and increase on-chain activity around the token, a critical factor that could support the HIBAYC price statistics.

    What is HIBAYC Token Used For?

    The HIBAYC token represents an opportunity to own a fraction of a highly valuable BAYC NFT. The token was created to lower entry barriers and make blue-chip non-fungible tokens (NFTs) more accessible to the larger crypto community.

    The high price of BAYC NFTs is a significant deterrent holding back higher trading volume and interest in the collection. While it does offer exclusivity, keeping them out of reach of true enthusiasts goes against the original vision of decentralization that digital assets were designed for.

    Fracton Protocol’s HIBAYC token allows even a crypto investor with limited capital to own a portion of an exclusive BAYC NFT. With each token valued at 1/1,000,000 of a BAYC NFT, the HIBAYC token makes it easier to exert fractional ownership over a premium NFT.

    In addition to allowing for fractional ownership over a BAYC NFT, the HIBAYC crypto is also an exciting crypto asset to trade in the market. You can buy or sell HIBAYC against other cryptocurrencies in addition to investing it in the long-term if you believe in the future potential of the project and the BAYC NFT series. Review the HIBAYC to USD price, market cap, circulating supply, 24h volume, and the latest crypto news before you trade HIBAYC.

    What is the Circulating Supply of HIBAYC?

    As of September 2022, the circulating supply of HIBAYC coins stands at 9 million. The circulating supply matches the total supply of this cryptocurrency and varies based on the number of BAYC NFTs owned and stored in the Meta-swap pool of the Fracton Protocol Vault.

    Since the value of each HIBAYC token is pegged to a BAYC NFT at the rate of 1 BAYC: 1,000,0000 HIBAYC, whenever the total number of BAYC NFTs owned in the Meta-swap pool rise, the Fracton Protocol adjusts the circulating supply of the HIBAYC token to maintain this peg, making this figure extremely dynamic. On the other hand, whenever the number of BAYC NFTs in the Fracton Protocol Vault decline, the total supply of the crypto falls accordingly.

    What is the all-time high price of hiBAYC (HIBAYC)?

    The all-time high price of hiBAYC (HIBAYC) is A$1.77. The current price of HIBAYC is down -- from its all-time high.

    How much hiBAYC (HIBAYC) is there in circulation?

    As of 8 12, 2026, there is currently 4,977,000 HIBAYC in circulation. HIBAYC has a maximum supply of --.

    How do I store hiBAYC (HIBAYC)?

    You can store your hiBAYC in the custodial wallet of a cryptocurrency exchange without having to worry about managing your private keys. Other ways to store your HIBAYC include using a self-custody wallet (on a web browser, mobile device, or desktop), a hardware wallet, a third-party crypto custody service, or a paper wallet.