Hivello buys back 13.5M HVLO under Buy & Burn initiative
Blockmate Ventures (OTCQB: MATEF) announced that its investee, Hivello Holdings, has completed its first quarterly Buy & Burn initiative, permanently removing 13.5 million HVLO tokens from circulation. The program, funded by allocating a portion of Hivello's quarterly revenue, aims to increase HVLO token value and enhance platform user rewards.
The inaugural burn event occurred on June 30, 2025, marking a significant step in Hivello's strategy to create a deflationary mechanism for the HVLO token. The initiative demonstrates Hivello's commitment to long-term stability and value creation for users who earn passive income by providing unused computing power to the platform.
Blockmate Ventures (OTCQB: MATEF) ha annunciato che la sua partecipata, Hivello Holdings, ha completato la sua prima iniziativa trimestrale di Buy & Burn, rimuovendo definitivamente 13,5 milioni di token HVLO dalla circolazione. Il programma, finanziato destinando una parte dei ricavi trimestrali di Hivello, mira ad aumentare il valore del token HVLO e a migliorare le ricompense per gli utenti della piattaforma.
L'evento di burn inaugurale si è svolto il 30 giugno 2025, segnando un passo importante nella strategia di Hivello per creare un meccanismo deflazionistico per il token HVLO. L'iniziativa dimostra l'impegno di Hivello verso la stabilità a lungo termine e la creazione di valore per gli utenti che guadagnano un reddito passivo fornendo potenza di calcolo inutilizzata alla piattaforma.
Blockmate Ventures (OTCQB: MATEF) anunció que su participada, Hivello Holdings, ha completado su primera iniciativa trimestral de Buy & Burn, eliminando de forma permanente 13,5 millones de tokens HVLO de la circulación. El programa, financiado mediante la asignación de una parte de los ingresos trimestrales de Hivello, tiene como objetivo aumentar el valor del token HVLO y mejorar las recompensas para los usuarios de la plataforma.
El evento inaugural de quema se llevó a cabo el 30 de junio de 2025, marcando un paso significativo en la estrategia de Hivello para crear un mecanismo deflacionario para el token HVLO. La iniciativa demuestra el compromiso de Hivello con la estabilidad a largo plazo y la creación de valor para los usuarios que obtienen ingresos pasivos al proporcionar potencia informática no utilizada a la plataforma.
Blockmate Ventures (OTCQB: MATEF)는 투자사인 Hivello Holdings가 첫 분기별 Buy & Burn 프로그램을 완료하여 1,350만 HVLO 토큰을 영구적으로 소각했다고 발표했습니다. 이 프로그램은 Hivello의 분기별 수익 일부를 할당하여 자금을 조달하며, HVLO 토큰의 가치를 높이고 플랫폼 사용자 보상을 강화하는 것을 목표로 합니다.
첫 소각 행사는 2025년 6월 30일에 진행되었으며, HVLO 토큰에 대한 디플레이션 메커니즘을 구축하려는 Hivello의 전략에서 중요한 이정표가 되었습니다. 이 이니셔티브는 사용하지 않는 컴퓨팅 파워를 제공하여 수동적 수입을 얻는 사용자들을 위한 장기적인 안정성과 가치 창출에 대한 Hivello의 의지를 보여줍니다.
Blockmate Ventures (OTCQB : MATEF) a annoncé que sa filiale, Hivello Holdings, a achevé sa première initiative trimestrielle de Buy & Burn, retirant définitivement 13,5 millions de tokens HVLO de la circulation. Ce programme, financé en allouant une partie des revenus trimestriels de Hivello, vise à augmenter la valeur du token HVLO et à améliorer les récompenses pour les utilisateurs de la plateforme.
Le premier événement de burn a eu lieu le 30 juin 2025, marquant une étape importante dans la stratégie de Hivello visant à créer un mécanisme déflationniste pour le token HVLO. Cette initiative témoigne de l’engagement de Hivello envers la stabilité à long terme et la création de valeur pour les utilisateurs qui gagnent un revenu passif en fournissant de la puissance de calcul inutilisée à la plateforme.
Blockmate Ventures (OTCQB: MATEF) gab bekannt, dass das Beteiligungsunternehmen Hivello Holdings seine erste vierteljährliche Buy & Burn-Initiative abgeschlossen hat und dabei dauerhaft 13,5 Millionen HVLO-Token aus dem Umlauf genommen wurden. Das Programm wird durch die Zuweisung eines Teils der vierteljährlichen Einnahmen von Hivello finanziert und zielt darauf ab, den Wert des HVLO-Tokens zu steigern und die Belohnungen für Plattformnutzer zu verbessern.
Das erste Burn-Event fand am 30. Juni 2025 statt und markiert einen bedeutenden Schritt in Hivellos Strategie zur Schaffung eines deflationären Mechanismus für den HVLO-Token. Die Initiative zeigt Hivellos Engagement für langfristige Stabilität und Wertschöpfung für Nutzer, die passives Einkommen durch die Bereitstellung ungenutzter Rechenleistung auf der Plattform erzielen.
- Implementation of token buyback program using company revenue
- Creation of deflationary mechanism through permanent token removal
- Strategic move to increase token value and user rewards
- Demonstration of company's commitment to long-term ecosystem stability
- Reduction in total token supply could impact market liquidity
TORONTO, July 02, 2025 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“Blockmate” or the “Company”) is pleased to announce that its investee, Hivello Holdings, has completed the first batch of its quarterly Buy & Burn initiative, removing 13.5 million $HVLO tokens from circulation.
The Buy & Burn initiative is funded by Hivello, allocating a percentage of quarterly revenue to buying back HVLO and burning them. By removing them from circulation, it is intended to increase the value of HVLO in the open market while increasing the rewards for Hivello platform users.
This inaugural reduction in supply underscores Hivello's commitment to its community and the health of its ecosystem, while reinforcing long-term incentives for users earning passive income from the platform in exchange for their unutilised computing power.
Justin Rosenberg, CEO of Blockmate Ventures, commented, “We are delighted to see the Hivello team’s commitment to long-term stability and value creation through the first of many Buy & Burn batches. Over time, as more revenue is directed towards this value growth driver, we see excellent reward opportunities for early adopters of the Hivello platform and HVLO.”
Below are the recent press releases from Hivello:
Hivello Strengthens Ecosystem with Initial 13.5M $HVLO Token Buy & Burn
LONDON and AMSTERDAM, June 30, 2025 -- Hivello, a DePIN aggregator that enables everyone to earn by monetizing idle (computing) resources across multiple DePINs (Decentralized Physical Infrastructure Networks), today announced the official commencement of its token buyback and burn program, a strategic initiative designed to ensure the long-term stability and value of the HVLO token within its growing ecosystem.
In accordance with its tokenomics model, Hivello will continuously buy back $HVLO tokens using revenue generated by the Hivello network. These tokens will then be permanently removed from circulation through a burn process.
The inaugural burn event took place this morning, Monday, June 30, 2025, with 13,500,000 HVLO tokens being successfully and permanently removed from supply. All on-chain records are available in Hivello’s Discord community.
This inaugural reduction in supply underscores Hivello's commitment to its community and the health of its ecosystem.
"The launch of our buy back & burn program is an important inflection point for Hivello as we move closer to expanded growth and token stability," said Domenic Carosa, Co-Founder & Chairman of Hivello. "By consistently reducing the supply of HVLO tokens with revenue generated from our network, we're building a robust foundation that benefits all participants in the Hivello ecosystem."
This program is a core component of Hivello's broader strategy to create a deflationary mechanism for the HVLO token, fostering a healthy and vibrant economic environment for its users and investors. The continuous burning of tokens will contribute to increased scarcity and, in turn, enhance the long-term value proposition of HVLO.
About Blockmate Ventures Inc.
Blockmate Ventures (TSX.V: MATE) is a Blockchain & Web3 venture builder investing in and operating scalable blockchain, mining, and digital infrastructure companies. From decentralized computing with Hivello to Blockmate Mining, the Company’s portfolio provides investors with diversified exposure to emerging sectors within Web3 and beyond.
About Hivello
Hivello is an aggregator of DePIN projects that allows any user to participate in a variety of DePIN networks with just a few clicks. This eliminates the technical hurdles that many users face when trying to join these networks, and allows users to earn passive income by mobilizing their idle computers.We aim to create a simple app that allows users to contribute their computer resources and earn passive income, with no technical knowledge required. It's as easy as downloading, installing, and running nodes, making complex technologies accessible and beneficial to all.
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To learn more, visit www.blockmate.com.
Blockmate welcomes investors to join the Company’s mailing list for the latest updates, webinars and industry research by subscribing at https://www.blockmate.com/subscribe.
ON BEHALF OF THE BOARD OF DIRECTORS
Justin Rosenberg, CEO
Blockmate Ventures Inc
justin@blockmate.com
(+1-580-262-6130)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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FAQ
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