We believe decentralisation is going to be a critical component of technology in the decades to come, so creating a radically simple application that offers users a web2 experience but onboards them to web3 is a crucial component of what will make Hivello successful.
One of Hivello’s BFHAG (Big Fat Hairy Audacious Goals - it’s an Aussie thing) is to help onboard the next 100 Million users to crypto.
That’s not going to happen without building an interface that anyone’s mum could install and run. Yes, even that Aunty that keeps clicking on those dodgy links from the internet!
Radically simple, isn’t a catchphrase, it’s a fundamental philosophy.
Luckily making really complex things simple is our Founder’s super power. They’ve done it before with Banxa, where they made acquiring crypto a web2 experience for a web3 ecosystem. Their philosophy with Banxa was that buying crypto should be as easy as buying something off Amazon.
At Banxa, Andrew & Dom turned an idea into a massively successful company that has processed over 3 billion dollars in on/off ramp payments, and it’s now a public company listed on the Toronto Stock Exchange. Incredibly successful for all those who invested.
Now it’s DePIN’s turn! With Hivello, onboarding “normie” users into DePIN (and by extension crypto) will be as simple as downloading and using Spotify.
Token Utility
HVLO is a utility token, and it forms a critical part of the Hivello node application, network and ecosystem. HVLO is the essential lifeblood of the Hivello ecosystem and acts as a mechanism to align incentives and reward behaviour that helps build the ecosystem.
Positive behaviour includes:
Mining uptime (some networks reward 99% uptime substantially more than 90% uptime for example)
Staking
Referrals (growing the user base means more token value accrual)
Initially the token will be used to unlock membership tiers inside the dashboard. These tiers will activate boosts on the amount of mining rewards users will be able to earn from their node’s uptime.
Hivello node runners will be able to earn the highest rewards from DePIN mining as Hivello Intelligence (Hivello AI) will constantly make sure that their node is mining for the most profitable DePIN configuration based on their hardware, geography and network conditions. This feature will get more and more powerful as the network grows and DePIN networks are added to the application.
Nodes will keep a variable % of their mining rewards depending on their membership tier. Higher membership tiers will be activated by locking tokens in the application. Tokens could be bought or earned for this purpose. The entry membership tier (no HVLO required) will pay out 50% of the rewards, the balance going to fund Hivello’s ongoing development and to our referral partners.
Upon activating higher tiers with HVLO users will keep a higher % of their rewards, up to 90% at the highest level.
It’s important to note that our goal with HVLO is to create a token that exists at the epicenter of DePIN. Node runners will additionally earn HVLO each time their node stays up for 24 hours or more dramatically enhancing the ROI of their DePIN mining efforts.
Token Allocation:
How do you allocate tokens in 2025 to guarantee the largest number of wallet addresses and “skin in the game”? We believe having a very public IDO on at least 3 top performing launchpads is a great start. A second measure is to make it big!
We were told if we did half our allocation we’d get all of the marketing benefit with none of the risk of having that many token holders. Those people don’t understand the power of decentralisation. They don’t understand we want a lot of token holders and active community members who not only have a voice but also skin in the game.
Private investment has gotten a bad wrap over the last few years with the token sale model being broadly speaking terrible for retail investors (worse terms and higher price than larger private investors). Oftentimes the institutional investors got a better deal in every way. We did not want to play that game.
So instead we decided to do our best to make sure the token allocation and distribution were engineered for fairness. Our earliest investors, who took on the greatest risk, get equity as well as tokens, but their tokens unlock at a slower velocity.
For our Strategic Round and our Launchpad/Public Round - those allocations are all treated in the same way, with retail getting a better unlock: 25% unlock at TGE, 1 month cliff followed by 5 months of linear vesting.
By contrast, to demonstrate our long term commitment to Hivello, the team and advisors tokens have a 9 month cliff.
So if you crunch the numbers it will become clear that although our public round will deliver HVLO tokens into the hands of many many holders, the actual liquid circulating supply that will be in play after TGE is very low, as is the token velocity of the release schedule. We believe this is a very healthy outlook for retail investors interested in being part of Hivello’s story long term.
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