Item: HIENS3
Rating: 3.00

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WikiBit Risk Alerts

Previous Detection 2024-12-21

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

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hiENS3 introduction

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HIENS3, or hiENS3, is an ERC-20 token on the Ethereum blockchain that represents a fraction of ownership in the ENS3 Meta-Swap pool through the Fracton Protocol . Each hiENS3 token signifies a tiny portion—1/1,000,000th—of a three-digit ENS domain within this pool. The total supply of hiENS3 is linked to the number of three-digit ENS domains available, and there's no maximum limit set, making it an infinitely scalable token .

The token operates on the Fracton Protocol, which is designed to provide liquidity for NFTs through a two-step fractionalization process, converting ERC721 to ERC1155 and then to ERC20 tokens. This mechanism allows for the token's liquidity and oracle services for NFTs, enhancing the protocol's efficiency and security while reducing gas fees .