hiVALHALLA is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the Valhalla NFTs (Non-Fungible Tokens). One hiVALHALLA token represents 1/1,000,000 Valhalla in an on-chain Valhalla 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 Valhalla NFTs from hiVALHALLA tokens with only a 0.6% redemption fee.
How Many hiVALHALLA Coins Are There in Circulation?
The total supply of hiVALHALLA tokens is dependent on the number of Valhalla NFTs in the meta-swap pool. There is no hard cap for hiVALHALLA. For every Valhalla NFT in the pool, there are 1,000,000 hiVALHALLA tokens in circulation.
How Is the hiVALHALLA Network Secured?
hiVALHALLA is an Ethereum-based, ERC-20-compatible token. As such, it is secured by Ethereum's state machine.