$HEMI has revealed the tokenomics～
1️⃣ Distribution Situation
Total Supply: 10 billion: Team + Core Contributors 25%, Foundation 15%, Investors + Strategic Partners 28%, Community and Ecosystem 32%.
This means that internal large holders account for nearly 70%, while the community only accounts for 30%. The main circulation in the short term relies on the community + locked veHEMI.
The longest unlocking period is 50 months, which means the rewards won’t be distributed all at once; it’s a slow wait, so be patient.
2️⃣ Who can the community get it?
Mainly active users, protocol contributors, ecosystem cooperation projects, and veHEMI lockup rewards.
veHEMI is like keeping $HEMI in a fixed deposit: you have voting rights and transaction fee rewards, but cannot sell in the short term, helping to stabilize the market.
There are also PoP incentives and on-chain transaction rewards; the higher the participation, the more you get.
3️⃣ Investors' Cost Price
The official has not disclosed specific private/public offering prices, and the estimates circulating outside may not be accurate.
For reference: Hemi Labs raised $15 million last year, and node licenses cost around $600-700 each, but the exact amount of $HEMI exchanged has not been stated by the official.
So the conclusion is: the cost price is unclear, but the locking and unlocking rhythm of internal large holders will directly affect market selling pressure.
4️⃣ Reasonable Price Range
Official TVL: $1.2 billion × FDV/TVL 35 times → FDV about $36.6 billion
Total supply: 10 billion tokens → reasonable price approximately $0.36~0.6/token
This range is just a reference; the actual market will be affected by the unlocking rhythm, community activity, and willingness to lock.
5️⃣ Summary in One Sentence
$HEMI is like a newly opened night market: it’s bustling on opening day, but whether it can become a regular street for everyone depends on the unlocking pressure from internal large holders, community activity, and the willingness to lock veHEMI to support the market.