KuCoin is extremely proud to announce a new NFT ETF coming to our trading platform — hiPUNKS, powered by the Fracton Protocol. hiPUNKS(HIPUNKS) is now available on KuCoin. The trading pair HIPUNKS/USDT will be supported.
Note: hiPUNKS is ERC-20 token representing 1/1,000,000 ownership of the target CryptoPunks in the Meta-Swap pool of Fracton Protocol, aiming to release NFT fractions’ liquidity further.
Please take note of the following schedule:
- Deposits : 10:00 on August 8, 2022 (UTC) (Supported Network: ERC20)
- Trading: 10:00 on August 5, 2022 (UTC)
- Withdrawals: 10:00 on August 8, 2022 (UTC)
Tags:NFT ETF,Blue-Chip NFT
Initial Total Supply: 6,000,000 HIPUNKS
Watch the deep dive into HIPUNKS: What is NFT ETF?
HiPUNKS is a fraction token backed by CryptoPunks NFT. One HiPUNKS token represents 1/1,000,000 CryptoPunk in an on-chain Meta-swap pool operating by Fracton Protocol. The circulating supply of HiPUNKS is equal to the total supply and based on the actual amount of CryptoPunks in the Meta-swap pool, which can be monitored by a public address-(0x7FEe302A14D6B945c0EB6dA9C4426c8D75d38a73). The NFTs in the Meta-swap pool can also be viewed on Opensea: https://opensea.io/0x7FEe302A14D6B945c0EB6dA9C4426c8D75d38a73. With a 100% reserve guarantee, users can redeem a CryptoPunk from Fracton Protocol at any time. To learn more about Fracton Protocol, click here.
Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.
The KuCoin Team
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