What exactly is
the hyperloot token?
The system utilizes Ethereum ERC20-based tokens with following conditions:
If you don't want to be charged trading fees, you will need to possess HLT (think of it as Binance token with a 100% discount).
It is required to issue crypto-assets and provide reserves that are used to guarantee asset quality.
HLT reserves are used for riskless clearing & settlement.
Integration of new liquidity providers requires reserves to fund smart contract relays.
HLT is the only way to purchase master node tokens (HLTM).
Voting using HLT is the main standard for protocol governance and development.