Hilux Wallet allows you to transfer and receive Hilux Coins which can be used as a value transfer tool or a value storage tool.
Hilux Wallet is a non custodial cryptocurrency wallet.
This means that your private keys of your Hilux coins are held in your device and never shared with anybody. This also means that if you did not backup your seed phrases and you lose your iOS phone, you will lose all your funds. This is the beauty of cryptocurrency whereby nobody can take your coins away from you.