hiUNDEAD is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the Genuine Undead NFTs (Non-Fungible Tokens). One hiUNDEAD token represents 1/1,000,000 Genuine Undead in an on-chain Genuine Undead 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 Genuine Undead NFTs from hiUNDEAD tokens with only a 0.6% redemption fee.
## How Many hiUNDEAD Coins Are There in Circulation?
The total supply of hiUNDEAD tokens is dependent on the number of Genuine Undead NFTs in the meta-swap pool. There is no hard cap for hiUNDEAD. For every Genuine Undead NFT in the pool, there are 1,000,000 hiUNDEAD tokens in circulation.
## How Is the hiUNDEAD Network Secured?
hiUNDEAD is an Ethereum-based, ERC-20-compatible token. As such, it is secured by Ethereum's state machine.
## Where Can I Buy hiUNDEAD?
hiUNDEAD tokens are available on numerous platforms. These include decentralized exchanges and centralized cryptocurrency exchanges:
Uniswap
KuCoin