hiBAYC is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the Bored Ape Yachet Club NFTs (Non-Fungible Tokens). One hiBAYC token represents 1/1,000,000 BAYC in an on-chain BAYC 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 BAYC NFTs from hiBAYC tokens with only a 0.6% redemption fee.
## How Many hiBAYC Coins Are There in Circulation?
The total supply of hiBAYC tokens is dependent on the number of BAYC NFTs in the meta-swap pool. There is no hard cap for hiBAYC. For every BAYC NFT in the pool, there are 1,000,000 hiBAYC tokens in circulation.
## How Is the hiBAYC Network Secured?
hiBAYC is an Ethereum-based, ERC-20-compatible token. As such, it is secured by Ethereum's state machine.
How to Buy HIBAYC on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing HIBAYC. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on theBybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing HIBAYC.
Step 5: Purchase HIBAYC
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of HIBAYC you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy HIBAYC.
Step 6: Store Your HIBAYC
After purchasing, you can choose to store your HIBAYC in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and HIBAYC assets, be sure to use a strong password and enable two-factor authentication.
HIBAYC Price:hiBAYC is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the Bored Ape Yachet Club NFTs (Non-Fungible Tokens). The price fluctuates daily, You can go to the exchange: Bybit to check the price.
Recommended Similar Coins: EXCC、JNB