HiPUNKS is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the CryptoPunks NFTs (Non-Fungible Tokens). One HiPUNKS token represents 1/1,000,000 CryptoPunks in an on-chain CryptoPunks 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 CryptoPunks NFTs from HiPUNKS tokens with only a 0.6% redemption fee.
## How Many hiPUNKS Coins Are There in Circulation?
The total supply of HiPUNKS tokens is dependent on the number of CryptoPunks NFTs in the meta-swap pool. There is no hard cap for hiPUNKS. For every CryptoPunks NFT in the pool, there are 1,000,000 HiPUNKS tokens in circulation.
## How Is the hiPUNKS Network Secured?
hiPUNKS is an Ethereum-based, ERC-20-compatible token. As such, it is secured by Ethereum's state machine.
How to Buy HIPUNKS on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing HIPUNKS. 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 HIPUNKS.
Step 5: Purchase HIPUNKS
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of HIPUNKS 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 HIPUNKS.
Step 6: Store Your HIPUNKS
After purchasing, you can choose to store your HIPUNKS 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 HIPUNKS assets, be sure to use a strong password and enable two-factor authentication.
HIPUNKS Price:HiPUNKS is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the CryptoPunks NFTs (Non-Fungible Tokens).
The price fluctuates daily, You can go to the exchange: Bybit to check the price.
Recommended Similar Coins: JNB、MOLK