BTC
$94,268.10
-
0.16%ETH
$1,791.29
+
1.10%USDT
$1.0004
-
0.00%XRP
$2.1969
+
0.29%BNB
$604.33
+
0.11%SOL
$148.63
-
3.17%USDC
$0.9999
+
0.00%DOGE
$0.1818
+
0.62%ADA
$0.7095
-
0.55%TRX
$0.2521
+
3.82%SUI
$3.4431
-
5.61%LINK
$14.81
-
1.02%AVAX
$21.94
-
1.69%XLM
$0.2892
+
2.69%SHIB
$0.0₄1426
+
2.05%LEO
$9.0914
-
0.37%TON
$3.2327
+
0.97%HBAR
$0.1910
-
3.25%BCH
$359.86
-
3.25%LTC
$86.07
+
0.50%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
hiDOODLES
$0.006260
0.00%
Open
-
High
-
Low
-
Vol.
-
1H
24H
7D
1M
1Y
All
1H
24H
7D
1M
1Y
All
Need more data?Explore CoinDesk's API
hiDOODLES Price Converter
hiDOODLES Information
hiDOODLES Supported Platforms
| HIDOODLES | ERC20 | ETH | 0x3700adfd26d5bc062cb8b8a77e68fbd43f58ecab | 2022-09-19 |
About hiDOODLES
hiDOODLES (HIDOODLES) represents an innovative approach in the digital asset space, merging the realms of NFTs and digital currencies through a fractional ownership model. By leveraging the Ethereum blockchain and smart contract technology, it offers a unique investment vehicle within the NFT market, making it accessible to a broader audience. The mechanism of hiDOODLES, backed by Doodles NFTs and operated without centralized control, underscores the evolving landscape of digital assets and their potential to democratize access to high-value NFTs. For those interested in the NFT market, hiDOODLES offers a novel way to participate with reduced barriers to entry.
hiDOODLES is a unique digital asset that operates as an NFTETF (Non-Fungible Token Exchange Traded Fund) token, specifically designed to be backed by Doodles NFTs (Non-Fungible Tokens). It functions within the ecosystem of the Fracton Protocol, utilizing smart contracts to facilitate operations automatically. The token is designed so that each hiDOODLES token represents a fractional part (1/1,000,000) of the Doodles in an on-chain Doodles Meta-swap pool. This structure ensures that no single entity has control over the tokens, and it allows users to redeem Doodles NFTs from hiDOODLES tokens with a minimal redemption fee of 0.6%.
The primary use of hiDOODLES is to provide a bridge between the world of non-fungible tokens (NFTs) and traditional digital currencies by creating a fractionalized ownership structure over Doodles NFTs. This innovative approach allows investors and users to gain exposure to the NFT market without needing to own a whole NFT, making it more accessible and liquid. The total supply of hiDOODLES tokens is directly correlated with the number of Doodles NFTs in the meta-swap pool, highlighting its unique mechanism for ensuring liquidity and accessibility to the NFT market.