Hivello removes 13.5 million HVLO tokens from circulation, aiming to increase token value

From GlobeNewswire: 2025-07-02 07:38:00

Blockmate Ventures Inc has announced the completion of the first batch of its Buy & Burn initiative, removing 13.5 million $HVLO tokens from circulation. This strategic move is aimed at increasing the value of HVLO in the open market and rewarding users of the Hivello platform. The inaugural reduction in supply demonstrates Hivello’s commitment to its community and ecosystem. The CEO of Blockmate Ventures, Justin Rosenberg, praised the initiative, highlighting the long-term value creation it represents. Hivello also announced the start of a token buyback and burn program to ensure the stability and value of the HVLO token within its ecosystem.



Read more at GlobeNewswire: Hivello buys back 13.5M HVLO under Buy & Burn initiative