Business
50 million HVLO airdrop to reward Hivello users and buy back, token now available in 130 countries via fiat
TORONTO, June 03, 2025 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc. (TSX.V: MATE) (OTCQB: MATEF) (...
About this update from Blockmate Ventures Inc
[{"type":"text","content":"50 million HVLO airdrop to reward Hivello users and buy back, token now available in 130 countries via fiat\n\n\n\n TORONTO, June 03, 2025 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc. (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“\n \n Blockmate\n \n ” or the “\n \n Company\n \n ”) is pleased to announce that its investee, Hivello Holdings, has partnered with payments company Banxa which will enable users in 130 countries to buy $HVLO directly using fiat payment gateways such as cards, bank transfers, Apple Pay, Google Pay and more.\n \n\n By integrating with Banxa, Hivello is making it easier and more accessible for anyone to participate in Decentralized Physical Infrastructure Networks (DePIN), enabling users to go from “idle device” to contributor in just a few clicks with no prior crypto experience, to earning passive income.\n \n\n Further driving the Hivello community to reward loyal users and onboard new ones, Hivello Holdings will be airdropping 50 million $HVLO tokens in August 2025. The airdrop will be on top of the rewards that users generate through their DePIN participation with greater airdrops for the most active users.\n \n\n To additionally support the value of $HVLO in the market, Hivello has committed a variable percentage of its quarterly revenue to buying back $HVLO tokens in the open market and burning them, gradually reducing the circulating supply of $HVLO.\n \n\n This approach reflects Hivello’s commitment to aligning its business growth with the broader health of its token economy, while reinforcing long-term incentives for its community.\n \n\n Justin Rosenberg, CEO of Blockmate Ventures, commented, “As the Hivello team have continued to enhance the platform to make it easier for new users to onboard and start earning, they are also making excellent strides towards enhancing the long-term value of $HVLO. By expanding accessibility to 130 countries via fiat payment gateways, rewarding loyal users through the 50M airdrop and committing to regularly buy back tokens, it is an excellent time for new users to join the platform.”\n \n\n\n\n Below are the recent press releases from Hivello:\n \n\n\n\n\n $HVLO Token Available via Apple Pay & Credit Card\n \n\n\n LONDON & AMSTERDAM, May 27 – Hivello, a DePIN aggregator that enables users t...