hiRENGA is an NFTETF token that is backed by Renga NFTs and operates on the Fracton Protocol's smart contracts. One hiRENGA token represents 1/1,000,000 Renga and is permissionless for users to redeem Renga NFTs with a 0.6% redemption fee. There is no hard cap for hiRENGA, and for every Renga NFT in the pool, there are 1,000,000 hiRENGA tokens in circulation. hiRENGA is an Ethereum-based, ERC-20-compatible token available on decentralized and centralized exchanges such as Uniswap and KuCoin.
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