hiBAKC is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the Bored Ape Kennel Club NFTs (Non-Fungible Tokens). One hiBAKC token represents 1/1,000,000 Bored Ape Kennel Club in an on-chain Bored Ape Kennel Club 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 Bored Ape Kennel Club NFTs from hiBAKC tokens with only a 0.6% redemption fee.

The total supply of hiBAKC tokens is dependent on the number of Bored Ape Kennel Club NFTs in the meta-swap pool. There is no hard cap for hiBAKC. For every Bored Ape Kennel Club NFT in the pool, there are 1,000,000 hiBAKC tokens in circulation.

hiBAKC is an Ethereum-based, ERC-20-compatible token. As such, it is secured by Ethereum's state machine.

hiBAKC tokens are available on numerous platforms. These include decentralized exchanges and centralized cryptocurrency exchanges:[Uniswap] (https://BYDFi.com/exchanges/uniswap-v2/)[BYDFi] (https://BYDFi.com/exchanges/BYDFi/)

hiBAKC is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the Bored Ape Kennel Club NFTs (Non-Fungible Tokens). One hiBAKC token represents 1/1,000,000 Bored Ape Kennel Club in an on-chain Bored Ape Kennel Club 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 Bored Ape Kennel Club NFTs from hiBAKC tokens with only a 0.6% redemption fee.

The total supply of hiBAKC tokens is dependent on the number of Bored Ape Kennel Club NFTs in the meta-swap pool. There is no hard cap for hiBAKC. For every Bored Ape Kennel Club NFT in the pool, there are 1,000,000 hiBAKC tokens in circulation.

hiBAKC is an Ethereum-based, ERC-20-compatible token. As such, it is secured by Ethereum's state machine.

hiBAKC tokens are available on numerous platforms. These include decentralized exchanges and centralized cryptocurrency exchanges:[Uniswap] (https://BYDFi.com/exchanges/uniswap-v2/)[BYDFi] (https://BYDFi.com/exchanges/BYDFi/)