Hivello
DePIN β decentralized physical infrastructure networks. This term refers to the use of blockchain for launching and maintaining decentralized networks of hardware, such as sensors, network devices, or physical data storage.
Node, or network node β computer running a specific program continuously.
All nodes within the same network are connected to each other, which enables consensus β a special algorithm used to verify the correctness of transactions within the network. This infrastructure is vital for the functioning of decentralized blockchain networks.
After launching a node, a user can earn passive income by utilizing their available computing resources. However, this is a technically challenging task, which limits the widespread use of nodes among a broad audience.
Hivello β simplifies the launch of DePIN nodes, adapting the use of decentralized networks, making them more accessible and convenient for a wider range of users (mass adoption).
The developers of Hivello have created a highly simplified desktop application.
This application is designed to allow users to earn passive income simply by sharing their computational resources. This innovative approach not only generates income for users, who no longer require advanced skills to work with blockchain, but also strengthens the overall network of nodes.
Hivello β new technology that allows users to install an application on their physical devices (computers, routers, modems, and data storage). By providing their computer's resources, users can start mining DePIN protocols for Web3 applications without any specialized technical knowledge.
The earnings of Hivello app users are influenced by the following factors:
The use of the application does not reduce the performance of users' devices, as it only utilizes the free capacity of their computers. The app efficiently distributes the user's available computing resources across multiple DePIN protocols, maximizing mining profits.
Another important advantage of the project: Hivello addresses the issue of market fragmentation in DePIN. More and more DePIN projects are being connected to the Hivello app. Users do not need to choose which specific DePIN project to provide their computing resources to. They also donβt need to figure out various methods for setting up nodes for numerous new DePIN projects. Hivello does this for the user in the most efficient way.
User payments
The Hivello app allows users to receive payments in both the tokens of the utilized DePIN project and stablecoins. The system automatically converts mined tokens into USDT/USDC at the current exchange rate and then transfers them to the user's bank card in their local currency.
Technical advantages of the Hivello platform
- The application manages rewards across multiple L1 and L2 blockchains and converts them into fiat currency (upon user request).
- The platform is tailored for beginner users. Wallet creation, token exchange, and gas fee payments occur automatically.
- Registration and app management follow the familiar format for Web2 users.
- The platform is built on the Solana network and supports numerous other DePIN blockchains.
- The platform generates and manages both public and private security keys for users.
- The project uses a system of divided and containerized nodes, operated under the Hivello OS, providing additional security.
To ensure data security, Hivello uses industry-standard security protocols. Hivello does not share or sell user data to third parties.
The project is in the final stage of readiness β the platform is currently in beta testing.
Team
An experienced team of 32 developers who created the payment service Banxa.
Banxa β an Australian company bridging the gap between traditional financial systems and crypto payments. The service has an annual turnover of more than $1 billion and is publicly traded on the stock exchange.
- Domenic Carosa β co-founder and Chairman.
Over 25 years of experience in business and technology. Founder of several successful startups, including Banxa, Unith.Al, and the Apollo Crypto venture fund. Angel investor in over 50 tech companies.
https://www.linkedin.com/in/domeniccarosa/
- Andrew Smith β co-founder and CEO.
More than 15 years in online, mobile, and fintech business. Co-founder of Banxa. From 2014 to 2021, he worked at TSX β the Canadian stock exchange.
https://www.linkedin.com/in/andrewjohnsmith/ - Justin Rosenberg β co-founder and CFO.
Previously worked at audit firm Arthur Andersen. Conducted numerous public offerings on the Australian and Canadian stock exchanges. For over 20 years, he has served as an advisor, consulting fintech startups.
https://www.linkedin.com/in/justin-rosenberg/ - Simon Crean β CTO, director of product.
Innovation expert with experience in software development, product management, and the growth of e-commerce, media, and telecommunications. Holds degrees in entrepreneurship, computer science, and data processing.
https://www.linkedin.com/in/simoncrean/
Investors
Among the backers of the project β the venture arms of cryptocurrency exchanges MEXC, BingX, and LBank. The lead investors include NGC Ventures, Blockchain Founders Fund, and BlockChange.
- NGC Ventures β Singapore-based venture fund specializing in investments in blockchain and fintech companies. The fund supports promising teams developing the next generation of decentralized technologies. They stand out for their contribution to blockchain infrastructure, participating in projects like Zilliqa, Solana, and Avalanche. The fund has offices in Singapore, San Francisco, California, Texas, London, Shanghai, and Taiwan.
- Blockchain Founders Fund β Singapore-based venture fund focused on early-stage investments. Their group of companies also includes a startup accelerator that helps new projects launch.
Projects that partners from the Insider Club have invested in through the Blockchain Founders Fund include: Zoth, Umoja, Klink, and Tanssi. - BlockChange β venture fund that is part of the crypto empire owned by the Winklevoss brothers, billionaires and owners of the Gemini exchange (acquired by the Winklevoss brothers in 2022). The fund is designed to invest in early rounds of promising blockchain projects. Its portfolio includes Solana, Polkadot, Near, Mina, Filecoin, and Audius.
Insider Club is participating in a new investment round, with lead investor:
- Animoca Brands β venture fund known for building capital through investments in crypto games such as Axie Infinity, The Sandbox, and CryptoKitties.
It not only invests in gaming projects but is also the lead investor in the well-known NFT marketplace OpenSea.
Developer of mobile games and applications, as well as various educational products. The company has been included by Financial Times in the list of the fastest-growing firms in the Asia-Pacific region, with its valuation exceeding $1 billion.
Token Utility
$Hivello is used to support its platform, Hivello app users, partner DePIN networks, and other members of the DePIN community.
The project has developed a multi-level system to engage users and incentivize them to acquire tokens.
Utility of the $Hivello token:
- reduced platform fees for active token usage;
- increased profits for long-term holders;
- additional rewards for higher-level participants who have staked their tokens for a longer period.
Token distribution is dynamic and adjusts based on the market price.
Tokenomics
- Token ticker: $Hivello
- Total supply: 10 billion
- Network: Solana
- Our round: Strategic (project valuation in this round β $45 million)
- Token price: $0,0045
- Conditions: TGE 5%, 3-month cliff, then linear unlock over 18 months
- TGE: autumn 2024
In the previous β Pre-Seed β round, the tokens are locked at TGE, and they cannot be sold for the first 6 months.
Negotiations are underway for listing on ByBit, OKX, and MEXC exchanges.
Social networks & links
π Website: https://www.hivello.com/
π» Documentation: https://doc.hivello.io/
π» X(ex.Twitter): https://x.com/hivelloofficial
π» Facebook: https://www.facebook.com/HivelloOfficial/
π» Instagram: https://instagram.com/hivello_official
π» Youtube: https://www.youtube.com/channel/UCgLDdvcl647Tl2G9keQ9WCQ
π» TikTok: https://tiktok.com/@hivello_official
π» LinkedIn: https://linkedin.com/company/hivelloofficial/
Why was the Hivello project selected for #portfolio_InsiderClub?
- Demand for the chosen direction: according to Messari and DePIN.Ninjia, the market capitalization of DePIN exceeded $35 billion by the end of 2023. The potential of DePIN is estimated at around $2.2 trillion, with projections from Messari forecasting it to reach $3.5 trillion by 2028.
- Mass adoption: simple three-step setup (download β install β earn) with management through a desktop application. DePIN protocol mining for Web3 applications without any special technical knowledge.
- The platform is built on the Solana network (#3 in blockchain TVL ranking according to CoinMarketCap data).
- Experienced development team: The Banxa project has been successfully operating since 2019, with an annual turnover exceeding $1 billion, serving more than 20 million users, and integrated with Binance, OKEx, KuCoin, and EDGE Wallet.