hiENS4 is an ERC-20 token representing 1/1,000,000 ownership of one 4-digit ENS in the ENS4 Meta-Swap pool of Fracton Protocol. For each 4-digit ENS added to the pool, the total supply of hiENS4 will increase by 1 million. In contrast, for each 4-digit ENS redeemed from the pool, the total supply of hiENS4 will decrease by 1 million.

Fracton Protocol is an NFT liquidity infrastructure with a two-step fractionalization (ERC721-ERC1155-ERC20), and it provides permissionless liquidity and oracle for all kinds of NFTs. Based on a deeply reformed ERC1155 middle layer standard, Fracton is building a non-status smart contract system to increase the protocol’s efficiency, lower gas fees, and maximize asset security.