Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) announced that its majority-owned subsidiary Hivello has launched its $HVLO token, now trading on leading exchanges Gate.io and MEXC.
The token aims to enhance passive income opportunities and expand participation in decentralized computing, according to a statement from the company.
"Launching $HVLO and listing it on Gate.io, MEXC, and Raydium is a major achievement for Hivello and our growing community,” Hivello chairman Domenic Carosa said.
“These listings provide global accessibility, allowing more users to engage with decentralized compute and earn rewards through DePIN."
Hivello, a DePIN aggregator, allows users to monetize idle computing resources, with over 15,000 active nodes in its beta.
It offers 88% annual percentage yield (APY) staking and plans to expand partnerships and its decentralized network to drive adoption in the DePIN space.
Blockmate Ventures noted that it has not directly issued any tokens or received proceeds from the token listing. Hivello’s tokens are issued by the Swiss-based HVLO Association, under a license from Hivello Holdings Ltd.