$HVLO token

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50 million HVLO airdrop to reward Hivello users and buy back, token now available in 130 countries via fiat
Globenewswireยท 2025-06-03 14:28
Core Insights - Blockmate Ventures Inc. announces that its investee, Hivello Holdings, has partnered with Banxa to enable users in 130 countries to purchase $HVLO using various fiat payment methods [1][8][12] - Hivello aims to simplify participation in Decentralized Physical Infrastructure Networks (DePIN) for users with no prior crypto experience, allowing them to earn passive income [2][9] - Hivello will conduct an airdrop of 50 million $HVLO tokens in August 2025 to reward loyal users and onboard new participants [3][17] - Hivello has committed a variable percentage of its quarterly revenue to buy back and burn $HVLO tokens, reducing the circulating supply and supporting the token's market value [4][14][15] Company Developments - The integration with Banxa will allow users to buy $HVLO directly without going through centralized exchanges, enhancing accessibility [8][9] - Hivello's airdrop program is designed to reward users who demonstrate meaningful contributions, focusing on sustained engagement and resource provision [19][21] - The "Buy Back & Burn" initiative reflects Hivello's commitment to aligning business growth with the health of its token economy, making $HVLO deflationary [15][16] Market Context - The DePIN sector has surpassed $50 billion in market cap and is projected to reach $3.5 trillion by 2028, indicating significant growth potential [10] - Hivello is positioned to onboard millions of Web2 users into Web3, leveraging its partnership with Banxa to facilitate easier access to digital assets [9][12]