Hivello has officially launched its $HVLO token on Raydium, a decentralized exchange (DEX) built on the Solana blockchain. The token went live today at 11:00 AM UTC, following its listings on MEXC and Gate.io the previous day. This move strengthens Hivello’s commitment to decentralization, ensuring broad accessibility for users looking to monetize idle computer resources through DePIN (Decentralized Physical Infrastructure Networks).
Strengthening Decentralization With Raydium
By listing on Raydium, Hivello expands the reach of its $HVLO token, offering users a decentralized trading option. Unlike centralized exchanges, Raydium allows users to trade directly from their wallets, removing intermediaries and increasing financial sovereignty.
Dom Carosa, Co-Founder of Hivello, emphasized the significance of this launch, stating, “We are thrilled to launch the HVLO token on Raydium, providing our global community with a decentralized option to trade our ecosystem token. This decentralized option is a critical component for us as huge believers in the decentralised movement we are trying to support with Hivello.”
This launch aligns with the broader industry shift toward decentralized finance (DeFi), where users are gaining more control over their assets without relying on traditional financial institutions.
What the $HVLO Token Brings to the Table
The $HVLO token isn’t just another cryptocurrency; it plays a central role in Hivello’s ecosystem, offering multiple utilities:
- Staking rewards – Users staking $HVLO via hivello.com can access an annual percentage yield (APY) of 88%.
- Governance – Holders of $HVLO will be able to influence protocol decisions and future developments within the Hivello ecosystem.
- DePIN participation – The token facilitates user participation in decentralized compute mining, helping monetize unused computing resources.
- Broader adoption – Hivello is working to integrate $HVLO with multiple DePIN protocols and AI compute networks, ensuring its role in the growing decentralized infrastructure landscape.
With these utilities, $HVLO aims to incentivize long-term user engagement while expanding access to decentralized computing resources.
Growing the DePIN Ecosystem
Hivello isn’t just launching a token; it’s scaling an entire decentralized infrastructure. The platform enables users to contribute to the DePIN movement by monetizing their idle computing power across various decentralized networks.
As part of its roadmap, Hivello is focused on:
- Strengthening partnerships with DePIN and AI compute networks to drive mainstream adoption.
- Expanding its network of decentralized node operators, making it easier for users worldwide to participate.
- Enhancing the staking experience to provide sustainable rewards for long-term holders.
This approach ensures that Hivello remains at the forefront of decentralized infrastructure management, making it easier for individuals to participate without needing extensive technical expertise.
Hivello’s Role in Simplifying Decentralized Compute Mining
Decentralized compute mining is gaining traction, but many users still find it complex. Hivello aims to bridge this gap by offering an all-in-one platform that simplifies network participation. Whether users are looking to generate passive income or contribute computing resources to decentralized networks, Hivello provides the tools to make it seamless.
With the $HVLO token now live on Raydium, the platform is well-positioned to attract more users and scale its impact within the decentralized economy.
For further details, users can visit hivello.com or join the discussion on Discord.