Detailed Explanation of the DePIN Project Hivello: A No-threshold One-stop Aggregator, HVLO Incentivizes Users to Provide Resources

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11 months ago

Author: Weilin, PANews

DePIN (Decentralized Physical Infrastructure Network) has become one of the popular tracks in this cycle, and Hivello, as a project in this field, has attracted attention with its innovative DePIN aggregator. Hivello provides users with a convenient one-stop app, allowing them to contribute resources and participate in DePIN protocol mining for Web3 applications without requiring specialized technical knowledge, thus unlocking new ways to earn income.

No-threshold One-stop DePIN Aggregator

Detailed Explanation of DePIN Project Hivello: No-threshold One-stop Aggregator, HVLO Incentivizes Users to Provide Resources

DePIN utilizes blockchain technology to decentralize power across the network rather than concentrating it within a single organization. DePINs offer an alternative model: a peer-to-peer (P2P) network that allows entities (using their own hardware) to provide resources directly to consumers and participate in network governance. DePIN encompasses multiple fields, including artificial intelligence, storage, graphic rendering, energy, supply chain management, and more.

As a DePIN aggregator, Hivello simplifies the user participation process, providing an intuitive and user-friendly platform that enables users to earn income through idle computing resources across multiple decentralized networks. Users can easily start mining and benefit from it without mastering complex technical knowledge.

Through Hivello's one-stop app, users can earn points and tokens by participating in DePIN protocol mining through resource contributions to the network.

Hivello has several unique advantages. First, it has a low entry threshold; users can complete resource deployment and start mining within minutes using Hivello's app, without needing a technical background. Second, Hivello offers convenient DePIN protocol management, enhancing the user experience.

Additionally, Hivello supports multiple payment methods, providing high flexibility. In the future, based on artificial intelligence, Hivello will continuously optimize user experience and improve mining efficiency.

Detailed Explanation of DePIN Project Hivello: No-threshold One-stop Aggregator, HVLO Incentivizes Users to Provide Resources

Founded in 2022, Hivello's core team has a strong industry background and entrepreneurial experience. Its co-founder and chairman, Dom Carosa, has a decades-long entrepreneurial journey and has founded several successful companies, including Banxa and Unith.AI, and has held investment roles in over 50 tech companies.

Andrew Smith, co-founder and CEO, has extensive fintech experience and was a co-founder of Banxa. Justin Rosenberg is Hivello's CFO, bringing financial rigor to the team. Simon Crean serves as both CTO and CPO, seamlessly combining technical expertise with product innovation. At Hivello, Crean plays a crucial role in ensuring the platform is both user-friendly and meets the complex demands of DePIN.

Strategic Financing Led by Animoca Brands, Combining AI This Year

On February 10, Hivello announced that it had secured strategic investment led by Animoca Brands, which will be used to drive Hivello's innovative development and accelerate the simplification and popularization of DePIN technology. In this round, Taisu Ventures, NGC, Blockchange, and Contango participated. Previously, on December 14, 2023, Hivello completed a $1 million Pre-Seed round of financing, with participation from NGC, Blockchain Founders Fund, Side Door Ventures, IDG, and others.

In addition to this development, Hivello has also released a roadmap outlining its plans for the year:

  • Q1 2025: Launch a referral earning program and conduct the $HVLO token issuance, while adding more high-yield DePIN networks. Implement custodial wallet functionality.
  • Q2 2025: Implement membership levels and allow users to withdraw any type of funds (cryptocurrency, stablecoins, or fiat).
  • Q3 2025: Focus on API/SDK development and add more DePIN networks.
  • Q4 2025: Through AI-driven reward optimization, Hivello Intelligence will enhance income potential on an individual level.

Each quarter will also see the addition of more DePIN networks, aiming to reach 50 networks by the end of 2025.

These investments and plans provide ample financial and directional support for Hivello's future development, with fiat support lowering the entry barrier for non-crypto users into the DePIN world, while the integration of technological trends and AI will enhance user experience.

HVLO Token as the Core of the Decentralized Economy, Now Listed on Multiple Exchanges

On February 11, Hivello held a Token Generation Event (TGE) on the Solana network, simultaneously launching on Gate.io and MEXC exchanges, and it has also been listed on Raydium. The $HVLO token will become the core of Hivello's decentralized economy, primarily used for staking, rewards, and participating in a broader DePIN ecosystem.

The total supply of $HVLO is 10 billion tokens, with 5% of the tokens unlocked at TGE.

Detailed Explanation of DePIN Project Hivello: No-threshold One-stop Aggregator, HVLO Incentivizes Users to Provide Resources

Detailed Explanation of DePIN Project Hivello: No-threshold One-stop Aggregator, HVLO Incentivizes Users to Provide Resources

The HVLO token distribution strategy is as follows:

  • Ecosystem Incentives (25.3%): Rewards users who contribute resources and support ongoing participation.
  • Team and Advisors (15%): Reserved for core team members, with a lock-up period to ensure alignment with long-term goals.
  • Marketing and Community (10%): Used for promotion and community building.
  • Liquidity and Exchange Listings (20%): Ensures token accessibility and stable trading volume.
  • Reserve Fund (10%): To respond to future demand changes and adapt to market fluctuations.

Meanwhile, Hivello's token has a clear GTM (Go-To-Market) strategy aimed at broad user adoption within the DePIN ecosystem, targeting B2B and B2B2C sectors. It focuses on user acquisition and retention, incentivizing early and continued use of the Hivello application. The long-term strategy involves continuous feature development and integration to enhance the token's utility, ensuring its core role in network operations. Ongoing assessment of the governance mechanisms of the decentralized ecosystem is also planned.

In terms of token economics design, the HVLO token serves as a utility token for the Hivello protocol, ensuring users have direct incentives to participate in the platform. For example, users can reduce their commission fees and unlock premium services by acquiring and using tokens. A significant future application scenario is that many DePIN networks require nodes to stake a large amount of native tokens. Users will be able to stake HVLO at a very low cost and without much technical knowledge to access these DePIN networks. This provides users with a reason to continue using Hivello while enjoying the platform's unique services. Additionally, HVLO is used to facilitate B2B2C partnerships and achieve network effects. Hivello encourages long-term holding and staking of tokens, with staking rewards increasing over time, thereby fostering loyalty and reducing user churn.

With its low-threshold DePIN aggregator platform and innovative token economic system, Hivello not only provides users with a simple way to participate but also injects new vitality into the decentralized physical infrastructure network (DePIN) track.

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