Ethereum News Today: Hemi Network's $30M Push: Can It Unite Bitcoin and Ethereum Ecosystems?

Hemi Network, a project positioned as a programmable Bitcoin chain that aims to combine the security of Bitcoin with Ethereum-style smart contracts, is set to launch its genesis airdrop and pre-sale event in late May 2025. The platform is designed to scale Bitcoin beyond its current monetary use case by functioning as a "supernetwork" that integrates Bitcoin and Ethereum components into a single ecosystem. The total supply of HEMI tokens is 10 billion, with the token symbol operating across multiple blockchains including Ethereum, BNB, and HEMI itself.

The platform's community airdrop will begin at 20:30 UTC on May 21, 2025, offering 1,000,000,000 HEMI tokens (10% of the total supply) to participants who submit their Ethereum wallet addresses. Each participant will receive an initial 100 HEMI tokens, with an estimated 500,000 addresses expected to participate. Additional airdrop rewards will be distributed through an invitation-based model, with users earning 100 HEMI tokens per successfully invited friend, up to a maximum of 5,000 tokens per user.

A concurrent pre-sale will also commence at the same time, offering 2.5 billion HEMI tokens (25% of the total supply) at an exchange rate of 1 ETH for 200,000 HEMI. Minimum and maximum purchase amounts are set at 0.02 ETH and 50 ETH, respectively. The pre-sale operates on a first-come, first-served basis, with tokens distributed upon receipt of funds. The platform has stated that 20% of the funds raised through the pre-sale will be allocated for the token listing on major exchanges including Binance, Huobi, and Coinbase, while the remaining 80% will be used to add liquidity to the HEMI token.

The Hemi Network has recently raised an additional $15 million in funding, bringing its total capital to $30 million. This investment was led by YZi Labs (formerly Binance Labs), Republic Digital, and HyperChain Capital, with participation from major players such as Breyer Capital, Big Brain Holdings, and Crypto.com. The funding is intended to support ecosystem development and wider adoption of the project. This comes as the platform has partnered with Binance Alpha for its airdrop campaign, which began on August 22 by distributing 200 million tokens in multiple phases.

HEMI tokenomics are structured to support long-term growth and sustainability. Of the 10 billion total supply, approximately 1.05 billion tokens will be in circulation at launch, with distribution including 32% to the community and ecosystem, 28% to investors and partners, 25% to the team and contributors, and 15% to the Hemispheres Foundation. Vesting periods for both investors and the team are set at 36 months with a 12-month cliff, ensuring a long-term commitment to the project.

Analysts have forecast a listing price of $0.05 for HEMI, which would value the token at a market cap of $52 million at launch. Early trading may see the price rise to between $0.10 and $0.15, with longer-term projections suggesting a potential increase to $0.50–$0.75 over the next two to three years, and possibly reaching $1 within three to four years, based on adoption and staking incentives.

The project’s roadmap includes the launch of mobile apps, a DEFI wallet, and expansion as a cross-blockchain exchange by late 2025. These developments aim to position Hemi as a leading platform in the decentralized finance space, with a focus on low transaction rates and broad functionality.

Source: [1] hemi - Airdrop and Presale (https://www.hemidrop.com/) [2] Hemi Funding Raise $15M Ahead Launch (https://www.coingabbar.com/en/crypto-currency-news/hemi-funding-raised-15m-ahead-launch-could-it-hit-1-price?srsltid=AfmBOoqyzM2OC4Kl_wFGTX4EuS_FBCIgWt5dFU7Yb9u3K7v_4ORxUpqj)