HiPUNKS is a fraction token backed by CryptoPunks NFT. One HiPUNKS token represents 1/1,000,000 CryptoPunk in an on-chain Meta-swap pool operating by Fracton Protocol. The circulating supply of HiPUNKS is equal to the total supply and based on the actual amount of CryptoPunks in the Meta-swap pool, which can be monitored by a public address-(0x7FEe302A14D6B945c0EB6dA9C4426c8D75d38a73). The NFTs in the Meta-swap pool can also be viewed on Opensea. With a 100% reserve guarantee, users can redeem a CryptoPunk from Fracton Protocol at any time.
