✅ What is HEMI / the Hemi Network
Hemi Network is a modular Layer-2 / supernetwork protocol designed to bring together the security of Bitcoin (BTC) and the programmability of Ethereum (ETH).
Key components:
The hVM (“Hemi Virtual Machine”) which is EVM-compatible but also integrates a full Bitcoin node, thereby allowing smart contracts to access Bitcoin headers, UTXOs etc.
The Proof-of-Proof (PoP) consensus mechanism: Hemi anchors its state onto the Bitcoin blockchain, giving (in theory) Bitcoin-level finality/security for the network.
“Tunnels” / cross-chain infrastructure (bridges in concept) to move assets/data between Bitcoin, Ethereum, and Hemi with minimal trust assumptions.
The native token HEMI allows for: paying transaction / gas fees, staking/consensus incentives, governance (via veHEMI) and ecosystem incentives.
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📊 Tokenomics & Supply
Total supply: 10 billion HEMI tokens.
Distribution (approx):
Community & Ecosystem: ~32%
Investors & Strategic Partners: ~28%
Team & Core Contributors: ~25%
Hemispheres Foundation (governance/mission): ~15%
Circulating supply at Token Generation Event (TGE) was around ~9.8% of total supply (≈ 0.98 billion tokens).
Emission / Vesting: There is structured vesting/lock-up for team/investor allocations, and ongoing protocol emissions (inflation) of ~3-7% annually aimed at incentives.
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🌟 Key Strengths / What makes HEMI interesting
Security via Bitcoin finality: By anchoring to Bitcoin through PoP, Hemi aims to benefit from one of the most secure proof-of-work networks in existence. This is a differentiator.
Programmability of Bitcoin assets: Because hVM integrates full Bitcoin node data, smart contracts on Hemi can in theory interact with Bitcoin state (e.g., UTXOs) rather than relying wholly on wrappers/bridges.
Interoperability & DeFi growth: Hemi’s infrastructure supports Bitcoin→DeFi use cases (liquid staking, cross-chain assets) which historically has been harder for Bitcoin than for Ethereum.
Ecosystem & partnerships: The project has raised funding (~US$30 m) from institutional/back-investors (e.g., YZi Labs, Binance Labs, etc) and is positioning for growth.