hiAZUKI is an NFTETF token representing Azuki NFTs and backed by an on-chain Azuki Meta-swap pool on the Fracton Protocol's smart contracts. The hiAZUKI token is Ethereum-based, ERC-20-compatible, and available on various platforms. Users can redeem Azuki NFTs from hiAZUKI tokens with only a 0.6% redemption fee, and there is no hard cap for hiAZUKI. For every Azuki NFT in the pool, 1,000,000 hiAZUKI tokens are in circulation, and no one has the authority to control them, making it permissionless.
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