Fracton Protocol Launches hiBAKC on KuCoin with Remarkable Success
Introduction to hiBAKC
Fracton Protocol has introduced hiBAKC, a fractionalized NFT, on the KuCoin platform, achieving a remarkable 1,100% price increase on its first trading day. This event marks the introduction of the first Bored Ape Kennel Club (BAKC) fractional token and the 27th hiNFT listing on KuCoin.
Democratizing NFT Access
hiBAKC provides crypto exchange users an opportunity to engage with the BAKC NFT Collection by breaking down each NFT into 1,000,000 tokens. This fractionalization aims to democratize access to digital assets, making them more affordable for a broader audience. The successful introduction of hiBAKC highlights the growing demand for fractional NFT investments.
Enhanced Trading Features
KuCoin offers users a range of trading features with the launch of hiBAKC. These features include advanced trading bots, an improved user interface, zero gas fees, and reduced self-custody risks. Each hiBAKC token is available at 1/1,000,000th of the original BAKC NFT's price, making high-value NFT trading accessible to retail investors.
Collaboration for Liquidity and Security
The partnership between KuCoin and Fracton Protocol is designed to enhance NFT asset liquidity and lower investment thresholds. By fractionalizing NFTs, Fracton Protocol allows users to invest in smaller portions of valuable NFTs, ensuring transparency and security through on-chain transactions.
hiNFTs and Market Impact
In a short span of less than 10 months, Fracton Protocol's NFT fractionalization infrastructure has achieved a lifetime trading volume of $3.3 billion on KuCoin. The protocol has securely locked millions of NFTs through smart contracts, marking a significant milestone in the NFT market.
KuCoin's Grand Lucky Draw
In addition to hiBAKC's launch, KuCoin is hosting a grand lucky draw until June 1, featuring a $50,000 prize pool and several blue-chip NFTs, including Doodles, Beanz, and Mfers. This initiative further engages the crypto community and incentivizes participation in the growing NFT market.
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