Where Can You Trade hiNFT
As the world of Non-Fungible Tokens (NFTs) continues to grow, platforms like Fracton Protocol are leading the way by introducing the concept of fractional NFTs, otherwise known as high-liquidity NFTs (hiNFTs). To help you navigate these exciting crypto assets, we've created a comprehensive guide on how to trade hiNFTs on KuCoin, a leading cryptocurrency exchange that supports hiNFT trading.
What is hiNFT
Fracton Protocol's hiNFTs are unique digital assets that have been fractionalized, enabling a larger pool of investors to gain exposure to the burgeoning NFT market. This innovative approach combines the novelty and potential of NFTs with the liquidity and ease of trading tokens on centralized exchanges. As of the latest update, Fracton supports the fractionalization of 26 top NFT collections, thereby offering a diverse range of investment options in the NFT landscape.
Trading hiNFTs on KuCoin
Trading hiNFTs are exactly the same as trading any other ERC-20 tokens! While hiNFTs are also available on Uniswap, their popularity and trading volume on KuCoin often surpass other platforms. Therefore, we recommend KuCoin for trading hiNFTs for its ease of use and high liquidity.
Step 1: Visit KuCoin's official website and sign in to your account. If you're new to KuCoin, create an account first.
Step 2: Navigate to the "Trade" tab on the KuCoin homepage, then select "Spot Trading".
Step 3: Look for the trading pair corresponding to the hiNFT you wish to trade. You can find all of Fracton's offerings under the "NFT ETF" tab. KuCoin offers a variety of markets, so ensure you've selected the correct pair.
Step 4: Choose the order type that suits your trading strategy, input your order details, and click on the "Buy" or "Sell" button.
Step 5: Monitor your order in the "Open Orders" section. Once your order is completed, it will be moved to the "Order History" and "Trade History" sections.
Trading hiNFTs on KuCoin offers a unique opportunity to participate in the dynamic NFT market with the ease and liquidity of token trading. However, as with any investment, it's crucial to conduct thorough research and consider your risk tolerance before engaging in trades. Happy trading!
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