Detailed Explanation of the DePIN Project Hivello: A Barrier-Free One-Stop Aggregator with HVLO Incentives for Users Providing Resources

Author: Weilin, PANews

DePIN (Decentralized Physical Infrastructure Networks) has become one of the hottest sectors 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 all-in-one app that enables them to contribute resources and participate in DePIN protocol mining for Web3 applications without needing technical expertise, unlocking new revenue streams.

A No-Barrier, All-in-One DePIN Aggregator

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

As a DePIN aggregator, Hivello simplifies the user participation process by offering an intuitive and user-friendly platform that allows users to earn rewards across multiple decentralized networks using idle computing resources. Without mastering complex technical knowledge, users can easily start mining and benefit from it.

Through Hivello's all-in-one app, users can interact with projects and participate in DePIN protocol mining by contributing resources to the network, earning points and tokens.

Hivello has several unique advantages. First, it has a low entry barrier—users can complete resource deployment and begin mining within minutes via the Hivello app, requiring no technical background. Second, Hivello offers convenient DePIN protocol management, resulting in a smoother user experience.

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

Founded in 2022, Hivello’s core team possesses deep industry expertise and entrepreneurial experience. Its co-founder and chairman is Dom Carosa, whose entrepreneurial journey spans decades and includes founding several successful companies such as Banxa and Unith.AI, and he has held investment roles in over 50 tech companies.

Andrew Smith, co-founder and CEO, brings extensive fintech experience and was previously co-founder of Banxa. Justin Rosenberg serves as Hivello’s CFO, bringing financial rigor to the team. Simon Crean holds dual roles as CTO and Chief Product Officer, seamlessly combining technical expertise with product innovation. At Hivello, Crean plays a key role in ensuring the platform is both user-friendly and capable of meeting the complex demands of DePIN.

Strategic Funding Led by Animoca Brands, AI Integration Planned for This Year

On February 10, Hivello announced a strategic investment led by Animoca Brands, which will support Hivello’s innovative development and accelerate the simplification and popularization of DePIN technology. Taisu Ventures, NGC, Blockchange, and Contango also participated in this round. Previously, on December 14, 2023, Hivello completed a $1 million Pre-Seed funding round backed by NGC, Blockchain Founders Fund, Side Door Ventures, IDG, among others.

Besides this update, Hivello has released a roadmap outlining its annual plans:

• Q1 2025: Launch referral earnings program, conduct $HVLO token issuance, add more high-yield DePIN networks, and implement custodial wallet functionality.

• Q2 2025: Introduce membership tiers and enable users to withdraw any type of funds (cryptocurrency, stablecoins, or fiat).

• Q3 2025: Focus on API/SDK development and expand integration with additional DePIN networks.

• Q4 2025: Through AI-driven reward optimization, Hivello Intelligence will enhance income potential at the individual level.

Additional DePIN networks will be added each quarter, with a goal of reaching 50 networks by the end of 2025.

These investments and plans provide strong financial and directional support for Hivello’s future development. Support for fiat currency will lower the barrier for non-crypto users entering the DePIN space, while integration with AI will further elevate the user experience.

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

On February 11, Hivello held its Token Generation Event (TGE) on the Solana network and simultaneously launched on Gate.io and MEXC exchanges, and is also available on Raydium. The $HVLO token will serve as the core of Hivello’s decentralized economy, primarily used for staking, rewards, and broader participation in the DePIN ecosystem.

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

HVLO token distribution strategy is as follows:

• Ecosystem Incentives (25.3%): Reward users who contribute resources and support sustained participation.

• Team and Advisors (15%): Reserved for core team members, subject to lock-up periods to align with long-term goals.

• Marketing and Community (10%): Used for promotion and community building.

• Liquidity and Exchange Listings (20%): Ensure token accessibility and stable trading volume.

• Reserve Fund (10%): Address future needs and adapt to market changes.

Meanwhile, Hivello has a clear GTM (Go-To-Market) strategy aimed at widespread adoption among B2B and B2B2C users within the DePIN ecosystem. It focuses on user acquisition and retention, incentivizing early and continued use of the Hivello app. The long-term strategy involves continuous feature development and integration to enhance token utility and ensure its central role in network operations. Ongoing evaluation of governance mechanisms within the decentralized ecosystem will also be conducted.

In terms of tokenomics design, the HVLO token acts as the utility token of the Hivello protocol, ensuring users have direct incentives to engage with the platform. For example, users can reduce commission fees and unlock premium services by acquiring and using the token. A major future use case is that many DePIN networks require nodes to stake large amounts of native tokens. Users will be able to stake HVLO to access these DePIN networks at very low cost and with minimal technical knowledge. This creates a compelling reason for users to continue using Hivello while enjoying its unique services. Additionally, HVLO facilitates B2B2C partnerships and drives network effects. Hivello encourages long-term holding and staking of the token, with staking rewards increasing over time, fostering loyalty and reducing churn.

With its low-barrier DePIN aggregator platform and innovative token economy, Hivello not only offers users a simple way to participate but also injects new vitality into the decentralized physical infrastructure networks (DePIN) sector.