hiCLONEX price

HICLONEX

hiCLONEX represents an innovative approach within the cryptocurrency and blockchain sphere, specifically in the realm of Non-Fungible Tokens (NFTs). It operates as an NFTETF, which stands for Non-Fungible Token Exchange Traded Fund, making it a unique blend of NFT and financial instrument. This token is intricately linked with CloneX NFTs, serving as a bridge between traditional financial markets and the burgeoning world of digital art and collectibles.

The structure of hiCLONEX is designed to democratize access to the value held within CloneX NFTs. It does this through an on-chain Meta-swap pool, which is governed by the Fracton Protocol's smart contracts. This setup ensures that the process is decentralized, with no single entity having control over the operations. It also allows for permissionless interactions, where users can redeem CloneX NFTs from hiCLONEX tokens with a minimal redemption fee.

The supply of hiCLONEX tokens directly correlates with the number of CloneX NFTs in the meta-swap pool. Specifically, for each CloneX NFT, there are 1,000,000 hiCLONEX tokens available. This mechanism ensures a fluid and dynamic supply that adjusts based on the assets in the pool, without a predetermined hard cap.

Security is a paramount concern for any digital asset, and hiCLONEX addresses this by leveraging the robustness of the Ethereum network. Being an ERC-20-compatible token, it benefits from Ethereum's comprehensive security measures and its widespread acceptance and usage in the cryptocurrency ecosystem.

For those interested in acquiring hiCLONEX tokens, they are accessible through a variety of platforms, including both decentralized and centralized exchanges. This ensures that participants have multiple avenues to engage with hiCLONEX, whether they prefer the autonomy of decentralized exchanges or the convenience and features offered by centralized platforms.

In conclusion, hiCLONEX stands at the intersection of NFTs and financial innovation, offering a novel way for investors and enthusiasts to engage with the world of digital collectibles. As with any investment, potential participants should conduct thorough research and consider their own financial situation before engaging with the market.

hiCLONEX employs a multifaceted approach to security, ensuring that its network and users' assets are protected through various measures. The security framework includes the integration of hardware wallets, specifically supported Ledger devices, which are known for their robust security features. These devices store users' private keys offline, providing a shield against online threats such as hacking or phishing attacks.

In addition to hardware wallet integration, hiCLONEX enhances its security through the use of Mixin Messenger for secure and private communication. This platform requires a 6-digit PIN code for access, adding an extra layer of security for user interactions and transactions. The communication through Mixin Messenger is encrypted, ensuring that sensitive information is kept private.

The platform also incorporates a unique approval process for transactions. This process requires the consent of both members and the owner before a transaction can proceed. Suspicious transactions are identified and rejected during this approval phase, adding a preventative measure against unauthorized or malicious activities.

Mixin Safe, another component of hiCLONEX's security architecture, offers asset segregation. This feature allows different members to access only their designated safes, minimizing the risk of unauthorized access to the assets of others. The multi-safe design of Mixin Safe, coupled with its enhanced privacy and security measures, provides a level of security that is considered superior to that of a single hardware wallet.

Furthermore, hiCLONEX is built on the Ethereum blockchain and is compatible with the ERC-20 standard. The security of the hiCLONEX network is thus underpinned by Ethereum's comprehensive state machine, which is renowned for its security and resilience. The decentralized nature of Ethereum adds an additional layer of security, as it eliminates a single point of failure.

It's important for users to conduct their own research and understand the security measures in place before investing in cryptocurrencies. The landscape is ever-evolving, and staying informed about the latest security practices is crucial for safeguarding one's assets.

hiCLONEX serves multiple purposes within the cryptocurrency ecosystem, reflecting its multifaceted utility and integration into various platforms and services. Primarily, hiCLONEX is utilized for HAI-based subscriptions in Hacken Extractor, a sophisticated post-deployment security system designed for on-chain smart contract monitoring. This system plays a crucial role in detecting and preventing potential attacks, thereby enhancing the security framework for blockchain projects.

Furthermore, hiCLONEX finds its application among centralized and decentralized exchanges (CEXes and DEXes) to bolster their defenses against illicit activities. By leveraging hiCLONEX, these platforms can proactively identify and mitigate risks associated with unauthorized transactions and other forms of financial malfeasance. This utility underscores the token's significance in maintaining the integrity and trustworthiness of trading environments.

In addition to its security-oriented applications, hiCLONEX also benefits individual users by integrating with crypto wallets to provide notifications regarding suspicious addresses. This feature is instrumental in safeguarding users' assets from potential threats and unauthorized access, thereby contributing to a safer and more secure cryptocurrency landscape.

From a technical standpoint, hiCLONEX is an NFTETF token, backed by CloneX NFTs, and operates on the Ethereum blockchain as an ERC-20-compatible token. This ensures a high level of security and reliability, given Ethereum's robust state machine. The token's supply is directly correlated with the number of CloneX NFTs in the meta-swap pool, emphasizing its unique relationship with the underlying assets.

hiCLONEX tokens are accessible on various trading platforms, including both centralized and decentralized exchanges. This availability facilitates ease of access for interested parties looking to engage with the token and its associated utilities.

As with any cryptocurrency or digital asset, potential users and investors are encouraged to conduct thorough research and consider their own financial situation and risk tolerance before engaging with hiCLONEX or any other token. This approach is essential for making informed decisions in the dynamic and evolving cryptocurrency market.

hiCLONEX has experienced several pivotal moments since its inception, reflecting its growth and development within the blockchain and NFT sectors. Initially, the project embarked on its journey by engaging with blockchain protocols in 2017, laying the foundational groundwork for its future endeavors. This early phase was crucial for establishing the technical base and vision for hiCLONEX.

In 2021, the project marked significant progress by launching testnets and releasing Software Development Kits (SDKs). These developments were instrumental in testing the platform's capabilities and providing developers with the tools needed to create applications and services that interact with the hiCLONEX ecosystem. The release of testnets and SDKs signified a move towards operational readiness and accessibility for a broader audience.

2023 saw hiCLONEX participating in the Game of NFTs, showcasing its integration and utility within the NFT space. This involvement highlights the project's commitment to leveraging the unique attributes of NFTs and exploring innovative use cases beyond traditional markets.

Throughout its journey, hiCLONEX has also established partnerships and integrations with other companies and networks, including collaborations with notable entities. These partnerships have been crucial for expanding its ecosystem, enhancing interoperability, and fostering a more connected and efficient blockchain network.

hiCLONEX operates as an NFTETF token, backed by CloneX NFTs, and utilizes the Fracton Protocol's smart contracts to facilitate on-chain activities. The total supply of hiCLONEX tokens directly correlates with the number of CloneX NFTs in the meta-swap pool, emphasizing its unique approach to token circulation and value representation.

Security is paramount for hiCLONEX, which is built on the Ethereum network and complies with ERC-20 standards. This ensures robust security measures are in place, benefiting from Ethereum's comprehensive state machine.

For those interested in acquiring hiCLONEX tokens, they are accessible on various trading platforms, including both decentralized and centralized exchanges. This availability ensures that participants have multiple avenues to engage with and invest in hiCLONEX, although it's important to conduct thorough research before making any investment decisions.