hiSQUIGGLE token is a new NFT ETF powered by the Fracton Protocol. The token is an ERC-20 token representing 1/1,000,000 ownership of a Chromie Squiggle in the Meta-Swap pool of the Fracton Protocol. The token has permissionless liquidity which it gains from the NFT liquidity infrastructure that it utilizes under in the protocol. The token is still upcoming and only available on one exchange, KuCoin. The token is part of Chromie Squiggle collectibles, and it is the 11th project on KuCoin Fractonal NFTs. With its launch on November 3rd, 2022, the token operated its sale using a new rule with three subscription rounds.
A Bit About hiSQUIGGLE
A Chromie Squiggle owns the token in the Meta-Swap pool of the Fracton Protocol. The NFT can be described as a token that is part of the Fractonal NFT projects, the 11th one on the protocol. The coin is used by anyone as long as they are liquid enough to facilitate transfers. hiSQUIGGLE is currently available only on the Kucoin exchange with excitement around it showing that people define it as a coin that will be a "game-changer" in the NFT market.The token operates under a pool-less swap on the protocol; therefore, it does not require initial liquidity and LPs for building the liquidity pool. The token is based on an 'LRMB' mechanism: Lock/Releases tokens on one side of the token pairs and Mint&Burn tokens on the other. The token is used under a 'stateless system' that runs on Ethereum Mainnet with absolute cost efficiency.
The upcoming NFT coin from FractonProtocolCryptoLists.com
hiSQUIGGLE token is an ERC-20 token whose token sale format is through whitelisting. The token was launched on November 3rd, 2022, and is still new in the market. This token represents 1/1,000,000 ownership of a Chromie Squiggle and has an initial total supply of 9,000,000 hiSQUIGGLE, of which 4,000,000 hiSQUIGGLE are allocated as free rewards. Therefore, the representation of the ownership means that for each token added to the pool, the total supply will increase by 1 million. On the other hand, for every token redeemed from the pool, the entire supply will decrease by 1 million. The trading pair is hiSQUIGGLE/USDT, which is available on its only one exchange, KuCoin. This NFT ETF, powered by FractonProtocol, will use fundamental properties of the protocol to make the token better for NFT market trading.
Utility of hiSQUIGGLE?
Anyone who can swap and provide liquidity can use this token. Therefore, the token can facilitate the protocol services openly as it is for public use and cannot restrict who can or cannot use them. By owning this token, the users can facilitate their transactions without any financial service restrictions based on wealth status, geography, and age. Since the hiSQUIGGLE token is under an immutable protocol, the users cannot change the protocol's behavior and can facilitate their trades without any interruptions.
As more information is released, there is an expectation that the use of the coin will increase on the KuCoin platform as it is one of the upcoming NFT coins.
hiSQUIGGLE Price details
ETH Contract address: 0x51395ade06eae126f590e7b06dc8f6baf511f13f
›› Details & Tokenomics
Advantages of hiSQUIGGLE
+ hiSQUIGGLE has permission-less liquidity.+ The token is facilitated under a Pool-less swap.
+ Offers low gas fees similar to other protocol tokens.
+ hiSQUIGGLE runs on a stateless system, enhancing efficiency.
+ It has a reduced traditional token contact balance state variable.
Disadvantages
- The token is only available on one exchange, Kucoin,- hiSQUIGGLE is yet to develop its whitepaper.
- The founders and team supporting the token is anonymous,
- Little information about the coin's future available online.
- hiSQUIGGLE is brand new to the market.
Costs
▪ Rated at 7.7/10Since the token is still in its early phase, the transaction fees are still under discussion. The address in the protocol regarding the NFT transaction fee is charged at a 2% rate. Additionally, the redemption rate from a hiNFT, like the one discussed with pNFT, will be charged a redemption fee rate of 3%. Therefore, the rates are open to change as the market prices are still new, and the token's performance is still being assessed.
Reputation and Buzz
▪ Reputation rated at 7.4/10▪ Buzz rated at 6.9/10
The coin is new in the market, and Twitter users are excited to see what it entails. The first two subscriptions of the coin on KuCoin are sold out, showing that people have faith in the currency and are open to making transactions with it. The trading began in November 2022, so people are waiting to see how well it'll perform. Twitter announced the first trading pair of the token as HISQUIGGLE/USDT. The FractonProtocol on Twitter reports that more than 86% of NFTs are dead and recommends the hiSQUIGGLE token as one to stick to and 'trade in style' with hi-tokens. Users are excited about the platform and feel the coin has massive potential in the next bullish market.
FAQ
Can I buy the hiSQUIGGLE/token with fiat currency?
There is no direct way to buy the tokens with fiat currency but you can use KuCoin to subscribe and make purchases using USDT.
Where are this token's reserves?
The collectibles are stored in the meta-swap pool's smart contract, which focuses on the Fractional collection in this case.
What is the initial total supply of the token?
As per its supporting exchange, Kucoin, the token has an initial total supply of 9,000,000 hiSQUIGGLE
Why is it only available on KuCoin?
No further information is available at this time, however, when it is Crypto Lists will be sure to update this page.
History of hiSQUIGGLE
2022: Prior to launch, the FractonProtocol announce on Twitter that they've agreed a partnership with EyesFi to boost liquidity and 'unlock the value of generative art projects through collaborative research.'
2022: The coin is launched early November and is listed only on KuCoin exclusively.
NFTs related to hiSQUIGGLE
CryptoPunks
Updated: 17 October 2022 12:01:03 AM
Number of owners: 3684
Market cap: 635,892.60 ETH
USD Market cap: 1,050,189,347 USD
Bored Ape Yacht Club
Updated: 17 October 2022 12:01:04 AMNumber of owners: 5606
Floor price: 45.55 ETH
USD Floor price: 75,004.91 USD
Market cap: 456,805.61 ETH
USD Market cap: 752,198,961 USD
Screenshots from hiSQUIGGLE
More sites where to buy/sell/trade hiSQUIGGLE
Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
hiSQUIGGLE details and tokenomics
