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hiDOODLES news
About hiDOODLES
What Is hiDOODLES?
hiDOODLES is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the Doodles NFTs (Non-Fungible Tokens). One hiDOODLES token represents 1/1,000,000 Doodles in an on-chain Doodles 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 Doodles NFTs from hiDOODLES tokens with only a 0.6% redemption fee.
How Many hiDOODLES Coins Are There in Circulation?
The total supply of hiDOODLES tokens is dependent on the number of Doodles NFTs in the meta-swap pool. There is no hard cap for hiDOODLES. For every Doodles NFT in the pool, there are 1,000,000 hiDOODLES tokens in circulation.
How Is the hiDOODLES Network Secured?
hiDOODLES is an Ethereum-based, ERC-20-compatible token. As such, it is secured by Ethereum's state machine.
hiDOODLES represents an innovative approach within the cryptocurrency and blockchain space, combining the worlds of gaming, NFTs (Non-Fungible Tokens), and decentralized finance (DeFi). It is essentially a collection of casual, easy-to-play games that are designed to integrate and utilize various NFT collections within the HELLO ecosystem. This ecosystem provides a platform for games like Doge Dash and Dash of the Dead, among others, leveraging the HELLO Token and HELLO Credits system for transactions and interactions within the games. Operated by HELLO Holdings Inc., these games are accessible through the HELLO Arcade, offering a unique blend of entertainment and utility for NFT enthusiasts.
In addition to its gaming utility, hiDOODLES also functions as an NFTETF (Non-Fungible Token Exchange Traded Fund) token, backed by the Doodles NFTs. This means that each hiDOODLES token represents a fractional share of the Doodles NFTs within an on-chain Meta-swap pool, facilitated by the Fracton Protocol's smart contracts. This setup allows for a permissionless and decentralized mechanism for users to redeem Doodles NFTs from hiDOODLES tokens, with a minimal redemption fee, enhancing the liquidity and accessibility of NFTs within the ecosystem.
The supply of hiDOODLES tokens directly correlates with the number of Doodles NFTs in the meta-swap pool, with no predetermined cap, ensuring that the token supply is flexible and can adjust based on the pool's size. This ERC-20-compatible token is secured by the robust Ethereum blockchain, benefiting from Ethereum's comprehensive security measures.
For those interested in acquiring hiDOODLES tokens, they are available on a variety of platforms, including both decentralized and centralized exchanges. This accessibility ensures that a wide range of participants, from casual gamers to serious NFT collectors and DeFi enthusiasts, can engage with and benefit from the hiDOODLES ecosystem.
As with any investment in the cryptocurrency space, it's crucial to conduct thorough research and consider consulting with a financial advisor. The crypto market is known for its volatility, and while hiDOODLES presents a unique proposition within the NFT and gaming sectors, potential investors should carefully evaluate their investment strategy and risk tolerance.
How is hiDOODLES secured?
hiDOODLES employs a multifaceted approach to ensure the security of its network and the assets within it. Firstly, it leverages the robustness of Ethereum's blockchain, being an ERC-20-compatible token. Ethereum's security is well-regarded in the cryptocurrency space, utilizing a decentralized consensus mechanism that makes it extremely difficult for malicious actors to compromise the network.
In addition to the inherent security provided by Ethereum, hiDOODLES integrates with the Fracton Protocol. This protocol is designed with a focus on security and efficiency, particularly in the fractionalization of NFTs. The Fracton Protocol operates on smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. These contracts run on the blockchain, providing a secure and transparent mechanism for managing the fractional ownership represented by hiDOODLES tokens.
For users seeking an extra layer of security for their hiDOODLES tokens, the use of a supported hardware wallet is recommended. Hardware wallets offer physical security for digital assets, storing the user's private keys in a secure hardware device. This method significantly reduces the risk of hacking, as the private keys never leave the device.
hiDOODLES represents a novel approach in the NFT space, allowing for fractional ownership of Doodles NFTs through an on-chain Meta-swap pool. This mechanism is permissionless, offering users the ability to redeem Doodles NFTs from hiDOODLES tokens with a minimal redemption fee, further enhancing the liquidity and accessibility of NFTs.
It's essential for potential investors and users to conduct thorough research and consider the security features of any cryptocurrency or digital asset before making investment decisions. The integration of Ethereum's security, the Fracton Protocol, and the option for hardware wallet use collectively contribute to the secure framework within which hiDOODLES operates.
How will hiDOODLES be used?
hiDOODLES serves multiple functions within its ecosystem, reflecting the diverse applications of blockchain technology and the innovative use of NFTs (Non-Fungible Tokens). Primarily, hiDOODLES is designed to offer an immersive experience that highlights the practical applications and value of the HAI token in real-world scenarios. This immersive experience is likely to involve interactive elements that engage users in a meaningful way, showcasing the utility and versatility of the token.
In addition to providing an engaging user experience, hiDOODLES is utilized for governance within its ecosystem. Token holders have voting power, enabling them to actively participate in decision-making processes. This could involve voting on proposals, participating in committees, or engaging with the Request for Proposal (RFP) system. Such mechanisms ensure that the community has a say in the direction and development of the project, fostering a sense of ownership and involvement among holders.
The token also plays a crucial role in the reward system. Users can earn hiDOODLES tokens as rewards, which not only incentivizes participation but also helps distribute the token more widely across the community. This reward mechanism is essential for maintaining active and engaged users within the ecosystem.
Furthermore, hiDOODLES is associated with the hAI, ETD, and hDAO shell, indicating its integration with other elements of the ecosystem. This integration suggests that hiDOODLES tokens might be used in various capacities, potentially including staking, liquidity provision, or as part of a decentralized autonomous organization (DAO).
hiDOODLES is an Ethereum-based, ERC-20-compatible token, ensuring robust security through Ethereum's comprehensive state machine. This security framework is crucial for maintaining the integrity and trustworthiness of the token.
For those interested in acquiring hiDOODLES tokens, they are accessible on various platforms, including both decentralized and centralized exchanges. This availability facilitates easy access for potential buyers, contributing to the liquidity and market presence of hiDOODLES.
As with any cryptocurrency investment, it's important to conduct thorough research and consider the potential risks. The innovative use of NFTs and the token's role within its ecosystem present interesting aspects for potential investors, but careful consideration and due diligence are always advised.
What key events have there been for hiDOODLES?
hiDOODLES has experienced several pivotal moments that have shaped its journey in the cryptocurrency and blockchain space. Among these, the launch of the Voting Power stands out as a significant development, empowering token holders with a say in the project's direction. Additionally, the introduction of the hDAO Treasury and Trust Army marks a strategic move towards decentralization and community governance, reinforcing the project's commitment to its users.
The anticipation surrounding the upcoming releases of hAI, ETD, and hDAO shell further highlights the project's innovative approach and its aspirations to be at the forefront of Web3 infrastructure. These developments are not just milestones but also indicators of the project's long-term vision to secure a position among the top-300 market cap entities.
The transition of Oleg, the former Marketing Director, to a mentorship role, and the appointment of Mnemonic as the new HAI Lead, are noteworthy changes in the project's leadership. These shifts underscore a strategic realignment and a renewed focus on leveraging expertise to drive future growth and launches.
hiDOODLES, as an NFTETF token, represents an innovative blend of NFTs and DeFi, backed by Doodles NFTs and operating on the Fracton Protocol's smart contracts. This structure offers a unique proposition in the NFT space, allowing for permissionless redemption of Doodles NFTs from hiDOODLES tokens with a minimal redemption fee.
The project's reliance on Ethereum's robust security mechanisms, being an ERC-20-compatible token, ensures a secure environment for transactions and holdings. With its tokens available on various platforms, hiDOODLES is accessible to a wide audience, facilitating participation in its ecosystem.
As hiDOODLES continues to evolve, it's crucial for potential investors and participants to conduct thorough research and stay informed about market trends. The dynamic nature of the cryptocurrency market necessitates a vigilant approach to investment decisions.
The live hiDOODLES price today is $0.006281 USD with a 24-hour trading volume of $79,316.57 USD. We update our HIDOODLES to USD price in real-time. hiDOODLES is down 16.48% in the last 24 hours. The current CoinMarketCap ranking is #1790, with a live market cap of $1,196,872 USD. It has a circulating supply of 190,548,000 HIDOODLES coins and the max. supply is not available.
If you would like to know where to buy hiDOODLES at the current rate, the top cryptocurrency exchanges for trading in hiDOODLES stock are currently LBank, and KuCoin. You can find others listed on our crypto exchanges page.