## What Is hiMAYC?

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

## How Many hiMAYC Coins Are There in Circulation?

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

## How Is the hiMAYC Network Secured?

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

### Where Can I Buy hiMAYC?
hiMAYC 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/)

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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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