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

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

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

hiMFERS 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/)

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

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

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

hiMFERS 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/)