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