Core Insights - Blockmate Ventures Inc's investee, Hivello Holdings, has successfully completed its first Buy & Burn initiative, removing 13.5 million $HVLO tokens from circulation, which is aimed at increasing the token's market value and user rewards [1][5][6] Group 1: Buy & Burn Initiative - The Buy & Burn initiative is funded by Hivello, which allocates a percentage of its quarterly revenue to repurchase and burn HVLO tokens, thereby reducing supply and potentially increasing value [2][5] - The inaugural burn event took place on June 30, 2025, marking a significant step in Hivello's strategy to enhance the long-term stability and value of the HVLO token [4][5] - Hivello's commitment to its community and ecosystem health is emphasized through this initial reduction in supply, which is part of a broader strategy to create a deflationary mechanism for the HVLO token [3][6] Group 2: Company Statements and Future Outlook - Justin Rosenberg, CEO of Blockmate Ventures, expressed optimism regarding the long-term stability and value creation through the Buy & Burn program, highlighting potential rewards for early adopters of the Hivello platform [4][6] - Domenic Carosa, Co-Founder & Chairman of Hivello, stated that the buyback and burn program represents an important inflection point for the company, aiming to build a robust foundation that benefits all participants in the ecosystem [6] - The continuous burning of tokens is expected to contribute to increased scarcity, enhancing the long-term value proposition of HVLO [6]

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]