NFT ETF - hiBAKC Gets Listed on KuCoin! World Premiere!
KuCoin is extremely proud to announce a new NFT ETF coming to our trading platform —hiBAKC, powered by Fracton Protocol. hiBAKC (hiBAKC) is now available on KuCoin. The supported trading pair is hiBAKC/USDT.
Note: hiBAKC is an ERC-20 token representing 1/1,000,000 ownership of a Bored Ape Kennel Club in the Meta-Swap pool of Fracton Protocol.
Please take note of the following schedule:
- Deposit: Effective Immediately (Supported Network: ERC20)
- Trading: 12:00 on May 25, 2023 (UTC)
- Withdrawals: 10:00 on May 26, 2023 (UTC)
Tags: NFT ETF, Blue-Chip NFT
Initial Total Supply: 6,000,000 hiBAKC
Watch the deep dive into hiBAKC: What is NFT ETF?
What is Bored Ape Kennel Club?
Do you consider yourself a huge fan of the Yuga Labs ecosystem? If the answer is yes, then the Bored Ape Kennel Club (BAKC) is the most accessible and unique NFT collection that grants you access to the Yuga Clubs metaverse. Unlike the Bored Ape Yacht Club, BAKC is a unique NFT project that features dog-like characters, deviating from the usual ape theme. Despite being the cheapest collection, Yuga Labs has given BAKC a host of utilities, making them desirable for BAYC and MAYC collectors to own as well. For instance, BAYC holders who own BAKC are entitled to a higher Apecoin staking reward. Although we don't yet know what additional utilities the BAKC will have in the future, it is certain that they hold a unique position within Yuga Labs and the NFT investor community. That's why we're excited to introduce hiBAKC, a fractionalization ERC 20 token that allows Kucoin users to gain exposure to this exciting project and reap the benefits of its growth.
About Fracton Protocol
Fracton Protocol is an NFT liquidity infrastructure with a two-step fractionalization (ERC721-ERC1155-ERC20), and it provides permissionless liquidity and oracle for all kinds of NFTs. Based on a deeply reformed ERC1155 middle layer standard, Fracton is building a non-status smart contract system to increase the protocol’s efficiency, lower gas fees, and maximize asset security.
Twitter: https://twitter.com/FractonProtocol
Whitepaper: https://doc.fracton.cool/
Official website: https://www.fracton.cool/
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.
Regards,
The KuCoin Team
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