HEMIHemi (HEMI) Price

1.Project introduction

Hemi is a modular Layer-2 protocol designed for superior scaling, security, and interoperability, powered by Bitcoin and Ethereum. It integrates a full Bitcoin node within an Ethereum-compatible EVM, enabling developers to build applications that interact directly with Bitcoin data. The platform supports DeFi functionalities like lending and staking using actual BTC, aiming to merge the strengths of both blockchains to empower decentralized finance and secure network operations.

2.Token application and distribution

Token application

The HEMI token is used for transaction fees, staking, and governance within the Hemi Network. It serves as a gas token alongside ETH and grants participants access to roles that secure the network in exchange for network emissions and protocol fees.

Token distribution

COMMUNITY/ECOSYSTEM GROWTH: 32.50%

TEAM: 25.00%

INVESTORS: 25.00%

FOUNDATION RESERVES: 12.00%

3.Team introduction

Co-founder: Jeff Garzik

Co-founder: Maxwell Sanchez

4.Investment institution

The latest growth round was led by YZi Labs (formerly Binance Labs), Republic Digital, and HyperChain Capital, with participation from Breyer Capital, Big Brain Holdings, Crypto.com, DNA Fund, Selini Capital, Protein Capital, Quantstamp, and Web3.com, among others.