Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) announced that its investee company Hivello Holdings has listed its native $HVLO token on global cryptocurrency exchange BingX.
The Blockchain & Web3 venture builder said the token listing gives Hivello exposure to more than 20 million BingX users across 100 plus countries.
"Hivello listing the HVLO token on BingX is a milestone moment which will provide liquidity and trading opportunities in new communities where BingX has a strong presence amongst its 20+ million users," Blockmate Ventures CEO Justin Rosenberg said in a statement.
"These communities align with Hivello's growth opportunities where the team sees an excellent opportunity to seamlessly onboard new users to DePINs (Decentralized Physical Infrastructure Networks) so they can start earning passive income, while increasing liquidity through the global BingX crypto exchange."
Blockmate noted that the listing also provides greater token utility and pairings to Hivello platform users who earn $HVLO and other tokens by offering their idle computing resources to DePINs through the frictionless Hivello interface, which does not require any technical expertise.
It added that the listing further advances Hivello's long-term goals to increase liquidity for $HVLO, enhancing value for platform users, partners and token holders.
The HVLO Association is responsible for listing and managing the token on the BingX exchange, according to the company.