The $HEMI I token is tightly linked to Bitcoin in several key ways:

The Hemi Labs network uses a protocol where its state is anchored to Bitcoin’s blockchain through a consensus model called “Proof of Proof (PoP)”, essentially inheriting Bitcoin’s security and finality.

Hemi’s engine the Hemi Virtual Machine (hVM) embeds a Bitcoin node inside an EVM compatible environment so smart contracts on Hemi can directly access Bitcoin data (UTXOs, transactions).

HEMI is used for staking, security, gas fees and governance within this ecosystem that merges Bitcoin and Ethereum style programmability.

In short: HEMI is the utility/governance token of a network built on top of Bitcoin’s foundations meaning it doesn’t just piggy back on Bitcoin, it builds infrastructure that extends Bitcoin’s role into DeFi and smart contract territory.

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