hiMOONBIRDS is a unique and innovative cryptocurrency project built on the Ethereum network as an ERC-20 token. It is intrinsically linked to the Moonbirds NFTs within the Meta-Swap pool of the Fracton Protocol, offering a new layer of financial integration and utility within the NFT and DeFi space. Each hiMOONBIRDS token represents a fractional ownership of a Moonbirds NFT, with the total supply dynamically changing based on the number of NFTs within the pool.
Moonbirds and the Meta-Swap Pool
The Moonbirds NFTs are not just digital assets but form the bedrock of the hiMOONBIRDS economy within the Meta-Swap pool of the Fracton Protocol. Each Moonbirds NFT added to the pool results in an increase of 1 million hiMOONBIRDS tokens in the total supply, allowing for an innovative means of liquidity provision and a unique connection between the NFT and DeFi sectors.
hiMOONBIRDS: A Dynamic Supply
In a revolutionary way of supply management, the total supply of hiMOONBIRDS tokens is not fixed but rather fluctuates based on the number of Moonbirds NFTs within the Meta-Swap pool. For each Moonbirds NFT redeemed from the pool, the total supply of hiMOONBIRDS decreases by 1 million. This dynamic supply model creates a fluid and responsive ecosystem that responds to market movements and activities in real-time.
hiBIRDS and hiMOONBIRDS: What's the difference?
While they may seem similar, it's important to distinguish between hiBIRDS and hiMOONBIRDS. KuCoin's hiBIRDS is essentially equivalent to hiMOONBIRDS on-chain. Therefore, both terms refer to the same token but are used in different contexts, with hiBIRDS mainly used in the context of the KuCoin platform.
Conclusion
hiMOONBIRDS represents a pioneering approach to integrating NFTs into the wider cryptocurrency economy. Its dynamic supply model, reliant on the interaction with Moonbirds NFTs within the Meta-Swap pool, provides a unique example of financial innovation that further bridges the gap between NFT and De
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