Press release
5.7M $HVLO Burned as Hivello Executes Second $HVLO Buyback & Burn
A portion of company revenue has once again been set aside for the purpose of repurchasing $HVLO from the open market and permanently removing it from circulation as part of the buyback and burn program, which was first introduced in May 2025. 5,702,689.92538519 $HVLO were burned in this round. After this second burn, there is now 9,986,367,747.51 $HVLO left in the supply.
The quarterly buyback and burn program establishes a clear link between Hivello's business performance and the state of its token economy. The initiative aims to reward community members who actively participate in the network and support the long-term value of $HVLO by progressively reducing supply.
"Each buyback and burn is another step toward ensuring HVLO grows hand in hand with the Hivello ecosystem," said Domenic Carosa, Co-Founder & Chairman of Hivello. "Our goal is to keep building in a way that supports both adoption and sustainability, while continuing to put our community first."
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Priscilla Ann
About Hivello :
Hivello is an aggregator of DePIN projects that allows any user to participate in a variety of DePIN networks with just a few clicks. This eliminates the technical hurdles that many users face when trying to join these networks, and allows users to earn passive income by mobilizing their idle computers.We aim to create a simple app that allows users to contribute their computer resources and earn passive income, with no technical knowledge required. It's as easy as downloading, installing, and running nodes, making complex technologies accessible and beneficial to all.
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