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Midpoint Holdings ( (TSE:MATE) ) has provided an announcement.
Hivello Holdings, an investee of Blockmate Ventures, has initiated its Buy & Burn program by removing 13.5 million HVLO tokens from circulation. This strategic move aims to increase the token’s market value and enhance user rewards, reflecting Hivello’s commitment to ecosystem health and long-term value creation. The initiative is part of Hivello’s broader strategy to establish a deflationary mechanism for the HVLO token, promoting economic stability and growth within its decentralized infrastructure network.
More about Midpoint Holdings
Blockmate Ventures Inc is a Blockchain & Web3 venture builder that invests in and operates scalable blockchain, mining, and digital infrastructure companies. Its portfolio includes decentralized computing projects like Hivello, providing investors with diversified exposure to emerging sectors within Web3.
Average Trading Volume: 383,771
Technical Sentiment Signal: Hold
Current Market Cap: C$16.65M
See more insights into MATE stock on TipRanks’ Stock Analysis page.