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

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

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

hiFIDENZA 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/).

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

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

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

hiFIDENZA 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/)