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HVLO is the utility token of Hivello, a DePIN aggregation platform operating on Solana. It is used to incentivize users who contribute compute, storage, and networking resources to DePIN protocols, and for governance participation by voting on platform feature updates and policy adjustments. A variable percentage of Hivello's revenue is allocated quarterly to buying HVLO back off the open market and burning it, gradually reducing the circulating supply to support long-term token value.
