Recently I've been seeing more people using the term "Homolive" without realizing it's actual source. For everyone's information, allow me to have a little input on how the term actually came about.

Homolive is a parody VTuber group started by Inuyama Tamaki back in 2018. The name is a reference to Hololive (obviously), but the group is just purely a joke.

There's 4 generations in this groups.
First gen: Inuyama Tamaki, Oda Nobuhime
Second gen: Minato Aqua (kidnapped by Tamaki when Aqua was "graduating" from Hololive. https://twitter.com/hololivetv/status/1067785642908602369 )
Third gen: Tomari Mari, Kazamiya Matsuri, YYUT
Fourth gen: Kagura Mea, Takatsuki Ritsu, Umori Hinako, Fukuya Master
And Tamaki also contemplating about including Natsuiro Matsuri into fifth generation candidate in the future.

While personally I am fine with whatever you want to use the term for, do keep in mind that if you see any Japanese discussions about Homolive, more likely than not they are not referring to the same thing you are thinking about.