The Hemi Network has raised $15 million in fresh funding, taking its total to $30 million, as it prepares for its upcoming TGE. The project, which positions itself as the largest programmability layer on Bitcoin, aims to combine Bitcoin’s security with Ethereum-style smart contracts. The team shared the funding details over X (formerly Twitter).
Source: X
The latest round of funding was led by YZi Labs (formerly Binance Labs), Republic Digital, and HyperChain Capital. The other participants include Breyer Capital, Big Brain Holdings, Crypto.com, DNA Fund, Selini Capital, Protein Capital, Quantstamp, and Web3.com. It is intended to further ecosystem development and facilitate wider adoption.
In anticipation of the listing, the team partnered with Binance Alpha to initiate the Network airdrop in conjunction with the Hemi Pre-TGE campaign. On August 22, Binance Alpha began distributing 200 million tokens through multi-phase tasks.
Phase 1 shared 50M rewards.
Binance users with 61+ Alpha Points were eligible.
This campaign shows strong community engagement as the network moves closer to its TGE date. While the official token listing date has not been disclosed by the team yet, the roadmap hints at a Q3 2025 launch, probably in August. Sources also validate the ongoing negotiations with prominent exchanges to finalize the trading strategies.
The tokenomics are shaped to foster growth, provide incentives, and maintain sustainability. Approximately 1.05 billion of the 10 billion tokens will be in circulation at launch. The distributions are as follows: