🔒Locked HILO ARB
Locked HILO on ARB functions as a visualization of your balance in the dApp while adhering to Web3 principles, remaining entirely on-chain. Instead of displaying an artificially visual balance, the dApp reflects the actual content of your wallet on the blockchain. This information can always be tracked, retrieved, and secured by the contract.
The token cannot be transferred, traded, have liquidity added to it, or be utilized for anything other than dApp usage.
Users are unable to mint the token without making a corresponding deposit, maintaining a constant 1:1 ratio and thwarting potential hackers or malicious activities that could impact the authentic supply. This is due to the fixed supply of HILO ETH, which cannot be increased through minting.
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