On Monday, September 22nd, crypto enthusiasts woke up to a sharp drop in Bitcoin price near the support zone of $112k area, which was also followed by a rapid decline in altcoins. For some analysts, this is just a pullback before a Q4 that they predict to be bullish for crypto and financial markets in general. On the other hand, some think that this could also be the beginning of a prolonged bear market and that BTC has already topped out.
However, amidst all this noise, many projects are coming forward, and one of them is HEMI, which was one of the top gainers in the fourth week of September in crypto. Seeing the success of this project, Bitunix exchange listed $HEMI Coin on the spot market on September 24th.
What is Hemi ($HEMI) Coin
Hemi is a new blockchain initiative that seeks to unify Bitcoin and Ethereum into one big network, instead of treating them as two separate worlds. It’s sort of a bridge that unites them to operate side by side. In this way, Hemi seeks to unlock faster scaling and more potential for Bitcoin-based decentralized finance (DeFi).
The company was co-founded by Maxwell Sanchez, creator of the Proof-of-Proof consensus protocol, and Jeff Garzik, an original Bitcoin core developer. With a strong team of engineers and supporters, they’re building tools to push Bitcoin and Ethereum into a new era.
At its core is the Hemi Virtual Machine (hVM), which is basically an Ethereum Virtual Machine that also runs a Bitcoin node. Further, Hemi created the Hemi Bitcoin Kit (hBK), which simplifies the process of how developers build apps that utilize Bitcoin in ways that were previously not possible.
The other significant feature is Tunnels, a more secure method for transferring assets between Ethereum, Hemi, and Bitcoin. Safety is secured by the Proof-of-Proof consensus that is designed to inherit Bitcoin-level censorship resistance and decentralization.
The $HEMI native token will be used for governance and, in the end, as a transaction gas token. 977.5 million $HEMI are in circulation at the moment, and the total circulating supply will be 10 billion. $HEMI’s market cap at the time of writing is $173 million, with a price of $0.17 marking a 250% growth within a week.
Where to Buy Hemi ($HEMI) Coin?
Anyone can buy Hemi ($HEMI) coin on Bitunix spot market, the world’s fastest-growing crypto exchange. Bitunix is unique because of its extreme focus on security and transparency with Proof of Reserves (PoR) that guarantee the safety of customer funds. Bitunix is different from most platforms in prioritizing asset safety through holding reserves in tested coins like BTC and USDT, giving traders confidence when trading.
A Chance to Win Part of 50,000 HEMI in Bitunix’s Token Splash Event
Bitunix is providing the members a chance to win a share of 50,000 HEMI tokens in its Token Splash campaign that will remain active from September 24th to October 1st. Upon registering, depositing at least 600 HEMI, or trading 100 USDT value of HEMI on the spot market, members can earn rewards according to their trading volume proportion, with a maximum of up to 500 HEMI per member.
How to Buy Hemi ($HEMI) Coin?
Hemi ($HEMI) Coin can be traded on Bitunix exchange, providing users with an easy and safe method of accessing this coin. Here’s how to proceed:
1. Create an Account
Visit the Bitunix website or download the mobile app. Register by using an email and creating a strong password. Finish any verification that may be necessary to protect the account.
2. Deposit Funds
In the wallet section, select USDT (Tether) as the deposit currency. Bitunix will generate a special deposit address. Send funds there, and the balance will be credited after blockchain confirmation to your Bitunix account.
3. Find $HEMI Coin
Navigate to the Spot Trading section and search for “HEMI.” Click on the HEMI/USDT trading pair to access the live trading platform.
4. Buy $HEMI Coin
Choose your order type:
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Market Order – Buy at the current market price right away.
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Limit Order – Enter preferred price and buy only when the market reaches it.
Enter the desired amount of HEMI wanted to purchase, review the information, and confirm the purchase. When submitted, HEMI tokens will display in the Bitunix wallet.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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