Hemi Token Allocation: Bridging Bitcoin and Ethereum Ecosystems
Hemi, a modular Layer 2 protocol designed to bridge Bitcoin and Ethereum ecosystems, has allocated its HEMI tokens with 32% for the Community and Ecosystem, 28% for Investors and Partners, 25% for the Team, and 15% for the Foundation. The HEMI token, listed on Binance, serves as the native utility and governance asset of the Hemi Network.
Hemi has raised a total of $30 million in funding, including a $15 million seed round led by YZi Labs and backed by prominent investment company a16z (Andreessen Horowitz). The project aims to solve interoperability, enabling decentralised applications (dApps) to leverage Bitcoin's security and Ethereum's smart contract capabilities.
The HEMI token has three core utilities: governance, gas fees, and staking. Hemi integrates several key features, such as the Hemi Virtual Machine (hVM) with a built-in Bitcoin node for native data access, Proof of Proof (PoP) consensus mechanism anchored to the Bitcoin blockchain, hBK for scalability, and supports overall interoperability.
Upon launch, HEMI token saw a significant 550% rally, driven by its listing on Binance and airdrop hype. Hemi's architecture and features position it to enhance the interaction between Bitcoin and Ethereum ecosystems, with its token allocation and funding supporting its growth and development.
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