hiFLUF is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the FLUF World NFTs (Non-Fungible Tokens). One hiFLUF token represents 1/1,000,000 FLUF World in an on-chain FLUF World 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 FLUF World NFTs from hiFLUF tokens with only a 0.6% redemption fee.
## How Many hiFLUF Coins Are There in Circulation?
The total supply of hiFLUF tokens is dependent on the number of FLUF World NFTs in the meta-swap pool. There is no hard cap for hiFLUF. For every FLUF World NFT in the pool, there are 1,000,000 hiFLUF tokens in circulation.
## How Is the hiFLUF Network Secured?
hiFLUF is an Ethereum-based, ERC-20-compatible token. As such, it is secured by Ethereum's state machine.
hiFLUF is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the FLUF World NFTs (Non-Fungible Tokens). One hiFLUF token represents 1/1,000,000 FLUF World in an on-chain FLUF World 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 FLUF World NFTs from hiFLUF tokens with only a 0.6% redemption fee.