HyperLoan (HELO) Token

Utility Token of HyperLoan

Token Name: HyperLoan Token

Token ticker: $HELO

Total supply: 10 million

Network: BESC HyperChain

What is $HELO Token ?

The $HELO token is the native governance and utility token for the HyperLoan decentralized finance (DeFi) protocol, which enables users to lend and borrow cryptocurrencies on BESC Hyperchain Network.

Holders can use the token to vote on protocol upgrades, earn staking rewards, and get discounts on fees.

Functions of the $HELO token:

Governance: $HELO token holders can vote on proposals that dictate the future development of the protocol, including upgrades, parameter changes, interest rates and the listing of new assets.

Staking: Users can stake $HELO in the "Safety Module," helping to secure the protocol against potential losses. Stakers earn rewards in exchange.

Fee discounts: $HELO token holders are eligible for fee discounts when using the platform.

Collateral: $HELO can be used as collateral when borrowing funds from the HyperLoan protocol. Using $HELO for this purpose may offer fee discounts.

Incentives: The $HELO token is used for ecosystem and safety incentives to encourage participation and secure the HyperLoan protocol.