Blockmate Ventures investee Hivello expands access to $HVLO with Banxa integration

Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) announced that its investee Hivello has taken significant steps to expand access to its $HVLO token, including entering into a partnership with Banxa to allow its $HVLO token to be purchased directly using fiat currency in over 130 countries.

Hivello’s integration with Banxa allows users to buy $HVLO using common local payment methods such as credit and debit cards, bank transfers, Apple Pay, and Google Pay.

The process eliminates the need for centralized exchanges, enabling users with no prior crypto experience to participate in Decentralized Physical Infrastructure Networks (DePIN). The integration is aimed at lowering the barrier to entry for users worldwide to transition from idle device owners to contributors in Hivello’s DePIN ecosystem.

“Partnering with Hivello allows us to empower millions of users to participate in the rapidly growing DePIN economy—easily, securely, and without friction,” Banxa CEO Holger Arians said in a statement.

“Users around the world can now go from fiat to HVLO in just a few clicks—and immediately start contributing to and earning from the decentralized economy.”

$HVLO airdrop to reward Hivello users

Additionally, Hivello confirmed that it will distribute 50 million $HVLO tokens through an airdrop scheduled for August 2025.

The program is designed to prioritize participants who contribute meaningful value to DePIN networks. The airdrop will reward behaviors such as sustained node uptime, long-term engagement, and the provision of real computing resources.

According to Hivello, this airdrop will differ significantly from previous ones by implementing a new variable reward framework. The system is intended to ensure only legitimate users are rewarded, with measures in place to detect and disqualify those engaging in fraudulent practices such as operating fake or inactive nodes or reselling node accounts.

To further support the value of the $HVLO token, Hivello has introduced a "buy back and burn" program.

“We’ve seen how buy back and burn models can boost trust and sustainability when executed correctly,” Hivello chairman and co-founder Domenic Carosa said.

“This initiative helps us stay community-first while building a stronger foundation for HVLO’s future utility and growth.”

A variable portion of the company’s quarterly revenue will be used to repurchase $HVLO tokens from the open market and burn them, reducing the circulating supply over time.

This initiative is intended to align the token’s supply with the company’s performance, reinforcing the long-term sustainability of the $HVLO economy and providing incentives for committed contributors.

“As the Hivello team have continued to enhance the platform to make it easier for new users to onboard and start earning, they are also making excellent strides towards enhancing the long-term value of $HVLO,” Blockmate Ventures CEO Justin Rosenberg said in a statement.

“By expanding accessibility to 130 countries via fiat payment gateways, rewarding loyal users through the 50 million airdrop and committing to regularly buy back tokens, it is an excellent time for new users to join the platform.”

Shares of Blockmate were up around 4.4% on Tuesday afternoon at C$0.12.