hiMEEBITS is an NFTETF (Non-Fungible Token Exchange Traded Fund) token that is backed by the Meebits NFTs (Non-Fungible Tokens). One hiMEEBITS token represents 1/1,000,000 Meebit in an on-chain Meebits Meta-swap pool operating automatically on the Fracton Protocol's smart contracts. No one has the authority to control them, and it's also permissionless for users to redeem Meebits NFTs from hiMEEBITS tokens with only a 0.6% redemption fee....