Hemi Testnet Listing Date and What to Expect
The Hemi Network has garnered significant attention with its incentivized testnet, where participants have been actively earning points that may convert into rewards during the official airdrop. As the testnet nears its conclusion, the highly anticipated Hemi ($tHEMI) token listing is on the horizon. This blog post will provide insights into the upcoming listing, including key dates, estimated token price ranges, and what participants can expect.
Final Testnet Tunneling and Listing Timeline
As part of Hemi’s testnet activities, the final tunneling test will begin on Sunday, October 6, at 8:01 AM, and conclude on Monday, October 7, at 8:00 AM. This will mark the final phase of point accumulation for testnet participants. After this period, no more points will be earned through tunneling activities, signaling that the $tHEMI token listing is imminent.
Given the timeline, the listing is expected to occur sometime between late October and early November. This timeframe allows the Hemi team to consolidate testnet data, finalize the distribution of points, and prepare for the official token launch.
CHECK ALSO: how to participate in Hemi testnet
Max Supply and Estimated Listing Price
The total supply of Hemi tokens ($tHEMI) is capped at 12,782,886. The initial listing price of $tHEMI will largely depend on the liquidity pools (LPs) provided during the token’s debut. By assessing different liquidity pool scenarios, we can estimate a range of potential listing prices. Below are price estimations based on different levels of liquidity.
Liquidity Pool: 1 Billion USD
With a large liquidity pool of 1 billion USD, the listing price of $tHEMI would be relatively modest given the significant pool backing. Estimated listing price:
- $tHEMI Price: Approximately $78.24 per token.
Liquidity Pool: 500 Million USD
In a scenario where the liquidity pool is halved to 500 million USD, the listing price would rise slightly, reflecting a reduced supply of liquidity. Estimated listing price:
- $tHEMI Price: Approximately $39.12 per token.
Liquidity Pool: 250 Million USD
At 250 million USD in liquidity, the token price sees a further increase, maintaining a healthy balance between available liquidity and token supply. Estimated listing price:
- $tHEMI Price: Approximately $19.56 per token.
Liquidity Pool: 100 Million USD
With a smaller liquidity pool of 100 million USD, the listing price jumps even higher due to the limited liquidity supporting the token. Estimated listing price:
- $tHEMI Price: Approximately $7.82 per token.
What to Expect from the Hemi Listing
The Hemi testnet participants are eagerly awaiting the rewards distribution and the listing of $tHEMI tokens. Here’s what you can expect as the listing date approaches:
- Airdrop Rewards: Testnet participants who have earned points by contributing to the Hemi platform will likely see their efforts rewarded. Points earned through activities like tunneling, bug hunting, and testing cross-chain features may convert into $tHEMI tokens.
- Token Trading: Once listed, $tHEMI will be available for trading on decentralized exchanges (DEXs) and possibly centralized exchanges (CEXs), depending on Hemi’s listing strategy. Early holders of $tHEMI will have the opportunity to sell, trade, or hold their tokens.
- Liquidity Impact on Price: The size of the liquidity pool at the time of listing will have a significant impact on the initial price of $tHEMI. A larger liquidity pool will result in a lower price per token, while a smaller pool will push the price higher due to limited liquidity.
Summary of Key Points
- Listing Date: The Hemi testnet will conclude on Monday, October 7, at 8:00 AM, with the expected listing date for $tHEMI falling between late October and early November.
- Max Supply: Hemi’s total token supply is set at 12,782,886 $tHEMI.
- Price Range Estimates:
- 1 Billion USD Liquidity Pool: ~$78.24 per $tHEMI.
- 500 Million USD Liquidity Pool: ~$39.12 per $tHEMI.
- 250 Million USD Liquidity Pool: ~$19.56 per $tHEMI.
- 100 Million USD Liquidity Pool: ~$7.82 per $tHEMI.
As we approach the listing date, participants should prepare to capitalize on the rewards from their testnet efforts. Whether you’re planning to trade or hold your tokens, this listing marks an exciting milestone for the Hemi Network and its early supporters