## What Is hiPUNKS?

HiPUNKS is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the CryptoPunks NFTs (Non-Fungible Tokens). One HiPUNKS token represents 1/1,000,000 CryptoPunks in an on-chain CryptoPunks 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 CryptoPunks NFTs from HiPUNKS tokens with only a 0.6% redemption fee.

## How Many hiPUNKS Coins Are There in Circulation?

The total supply of HiPUNKS tokens is dependent on the number of CryptoPunks NFTs in the meta-swap pool. There is no hard cap for hiPUNKS. For every CryptoPunks NFT in the pool, there are 1,000,000 HiPUNKS tokens in circulation. 

## How Is the hiPUNKS Network Secured?

hiPUNKS is an Ethereum-based, ERC-20-compatible token. As such, it is secured by Ethereum's state machine.

### Where Can I Buy hiPUNKS?
hiPUNKS tokens are available on numerous platforms. These include decentralized exchanges and centralized cryptocurrency exchanges:
[Uniswap] (https://coinmarketcap.com/exchanges/uniswap-v2/)
[KuCoin] (https://coinmarketcap.com/exchanges/kucoin/)

hiPUNKS

Jinbi Token

Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019, the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis. The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch.

Theta features its own native cryptocurrency token, THETA, which performs various governance tasks within the network, and counts Google, Binance, Blockchain ventures, Gumi, Sony Europe and Samsung as Enterprise validators, along with a Guardian network of thousands of community-run guardian nodes.

Developers say that the project aims to shake up the video streaming industry in its current form — centralization, poor infrastructure and high costs mean that end users often end up with a poor experience. Content creators likewise earn less revenue due to the barriers between them and end users.

The Theta team has created a customer-centric business plan for their growing ecosystem of services focused on esports, music, TV, movies, and education. The list of Theta Network partners includes video platforms like Samsung VR, Cinedigm, Shout! Factory, Pandora.tv, Play Labs, and THETA.tv.

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YFDAI’s mission is to clean up the DeFi space by de-risking the purchase of new projects by performing due diligence vetting and requiring adherence to the same protocols that YFDAI itself adhered to on their launch.  YFDAI’s motto is ‘no more exit scams or rug pulls.’

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