Blockmate Ventures CEO Justin Rosenberg joined Steve Darling from Proactive to announce that its subsidiary, Hivello Holdings Ltd has commenced a public token sale event for its native token.
The Hivello platform offers its users a passive income stream in exchange for their unutilized computing power to third party networks.
Blockmate will not be directly issuing any tokens or receive any proceeds from the public token sale.
The token will be issued by the Swiss-based HVLO Association, under licence from Hivello Holdings Ltd.
Rosenberg told Proactive the $HVLO token sale is structured as a fair launch, ensuring that every participant receives the same terms. This approach underscores Hivello's commitment to decentralization and fairness in the rapidly evolving Web3 landscape.
Hivello's unique approach to DePIN mining allows users to earn rewards by connecting unused computer resources to decentralized networks. The platform's aspirational goal to integrate with every reputable DePIN positions it as a future leader in the DePIN ecosystem.
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