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The HSV color model includes two additional parameters to the hue or chroma to obtain the color, which are saturation and value. Hence its acronym: HSV (H - hue or hue, S - saturation or saturation, V - value or value).
In HSV the saturation goes from pure color to white, and the tone, and the value in HSV goes from black to color.
The HSV color value is used for paint or ink because HSV is better representing the colors to humans than does the RGB color value.
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