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The community decided. The chain executed. As finalized block 10,184,559, Heima Network completed the community-approved burn of totally 16,500,000 $HEI. verify it on the block explorer https://polkadot.js.org/apps/?rpc=wss://rpc.heima-parachain.heima.network#/explorer/query/0x5705bf59bf8ea440d677627b93a33a1b878e2ea67a5bdb0b5d88554d17865e6d
The community decided. The chain executed. As finalized block 10,184,559, Heima Network completed the community-approved burn of totally 16,500,000 $HEI. verify it on the block exploerer https://polkadot.js.org/apps/?rpc=wss://rpc.heima-parachain.heima.network#/explorer/query/0x5705bf59bf8ea440d677627b93a33a1b878e2ea67a5bdb0b5d88554d17865e6d
A quick update on the 16.5M HEI burn proposal. The burn is scheduled to execute at block #10,184,559 on the Heima Network. Based on the current average block time of approximately 6 seconds, the burn is expected to take place in around 10 days. We’ll continue to monitor the process and share another update once the burn has been successfully executed on-chain.
Just a reminder that there is now only 1 day left to vote on the 16.5M HEI burn proposal. If you haven’t voted yet, please take a moment to review the proposal and make your voice heard. The final decision belongs to the community. Thank you to everyone who has participated in the governance process so far.
Community voting for the 16.5M HEI burn proposal is now live. The Foundation has voted in favor of the proposal, but the final decision belongs to the community. We encourage everyone to review the proposal, form their own opinion, and participate in the voting process. Governance voting: https://polkadot.js.org/apps/?rpc=wss://rpc.heima-parachain.heima.network#/democracy Thank you to everyone taking part in the governance process and helping shape the future of the ecosystem.
As part of the governance process, the Heima team has officially submitted the onchain proposal to burn 16.5M HEI from the ecosystem allocation. The proposal has now passed council voting and will move into the community voting phase in 2 days. Proposal details: https://polkadot.js.org/apps/?rpc=wss://rpc.heima-parachain.heima.network#/extrinsics/decode/0x0302080b05008898bfb77f32226ec1990ed415ce0f215b05e3d5a872a4e4f4e6a4718be04f85000000000204006504000080030208030300018898bfb77f32226ec1990ed415ce0f215b05e3d5a872a4e4f4e6a4718be04f850a0a1f00004007c98b15cfaff7090003030001dbc968c19add01bc24568a02b7d02c68e98965fe7df757d8d2733f82bf3aa9410a0a1f000040d987a9befb52ae0300 With the proposal now entering the next stage of governance, community members will soon have the opportunity to participate directly in the voting process. We appreciate everyone who has followed the discussion so far and look forward to continuing to build long-term value for the Heima ecosystem with transparency at the core.
The Heima team is considering an on-chain governance proposal to burn 16.5M HEI from the Ecosystem allocation, including 12.05M locked HEI and 4.45M unlocked but untouched HEI token. This Ecosystem fund was originally reserved for Polkadot parachain auctions. However, as Polkadot has moved from parachain auctions to Coretime sales, we can now cover the required DOT cost through the team’s reserved DOT treasury. This means these HEI tokens are no longer needed for their original purpose. To be transparent with the community and reduce future supply overhang, we believe the right action is to burn these untouched HEI tokens through on-chain governance. The HEI token are locked and saved under two multi-sig wallet on Heima Network: https://explorer.heima.network/sub/account/4BNdLBoSrAgW6kHJ5sxVPbGAyqWxqzPF1KbTnWFKf3DVnWj6 https://explorer.heima.network/sub/account/49VYuGkjdmZprGpb4jU313RdSffxSVHixojzmafdFYGpVYXb The purpose of this proposal is to reduce future supply overhang, strengthen community trust, and clearly show that the team is committed to the long-term value of the project rather than relying on token reserves. The Heima team is still actively building. Our new AI identity product, AgentKeys, is under active development and the work can be seen publicly on GitHub: https://github.com/litentry/agentKeys/ Another product, @wildmetaHQ , is also under very active development, although the repository is currently private. We are making this commitment because we believe the project should create value through real products and future revenue, not through selling ecosystem tokens. With stronger community confidence, we believe Heima can pass through this difficult period and prove the long-term value of the project.
🛡️ Governance needs you. A public proposal has been submitted that’s a clear exploit of our governance system. This individual is proposing to: • Mint 1 million HEI to their own address • Replace the technical committee with their own address Heima is decentralized by design but we do not tolerate abuse. 🗳 We’re calling on the community to vote NO and defend the integrity of our protocol. 🔗 Vote NO here: https://t.co/crRsFWf4qS Decentralization is powerful, let’s protect it. And thank you to all the community members who’ve been engaging thoughtfully! 🙏
$HEI is live on Binance Earn Yield Arena! 🎯 Flexible Products with bonus APR + a special giveaway👀 Check out the details now👇 binance.com/en/support/ann…
4 years (1508 days) later, Heima team has fully burned all unspent 2,179,000 $LIT originally allocated for BSC ecosystem growth. This marks the completion of its mission as $LIT has now evolved into $HEI. No shortcuts, no compromises—only trust & integrity. Tx proof:…
🚀Exciting news from the Heima team! The HEI Bridge between Heima Network and @BNBCHAIN is now live! 🌉🔥 🔹 Bridge HEI from Heima → BSC: 1 HEI fee 🔹 Bridge HEI from BSC → Heima: Only gas fee Seamless, secure, and low-cost cross-chain transfers. Try it now! ⚡ #Heima #BSC…
@kucoincom has completed the token swap from $LIT to $HEI, and will enable the trading/withdraw/deposit for $HEI today! 💱 read more 👉 kucoin.com/announcement/e…
@kucoincom has completed the token swap from $LIT to $HEI will be available for the trading/withdraw/deposit of $HEI today! 💱 kucoin.com/announcement/e…
📢 LIT to HEI Swap & Bridge Update 1️⃣ For Exchange Users: Most exchanges have automatically swapped LIT to HEI. Please check your exchange’s official announcements for details. 2️⃣ For Non-Exchange Users: You can manually swap your LIT to HEI on-chain via our WebApp: apps.heima.network/bridge. 3️⃣ Bridge Update: The mainnet bridge is now live and accessible within the WebApp. You can now bridge HEI between the ETH and HEI mainnets. 4️⃣ For Cumulon Stakers: LIT staked on the mainnet will be automatically converted to HEI—no action is required. If you wish to convert it to ERC20 HEI, unstake via the WebApp, bridge to ERC20 LIT, then upgrade to HEI. 🚀Learn about the token upgrade tutorial and details: medium.com/@heima-network…
📢 LIT to HEI Swap & Bridge Update 1️⃣ For Exchange Users: Most exchanges have automatically swapped LIT to HEI. Please check your exchange’s official announcements for details. 2️⃣ For Non-Exchange Users: You can manually swap your LIT to HEI on-chain via our WebApp: apps.heima.network/bridge. 3️⃣ For Cumulon Stakers: LIT staked on the mainnet will be automatically converted to HEI—no action is required. If you wish to convert it to ERC20 HEI, unstake via the WebApp, bridge to ERC20 LIT, then upgrade to HEI. 4️⃣ Bridge Update: The WebApp Bridge is currently in progress, and a new version is expected to go live after February 13. In the meantime, users can still upgrade their tokens via the Swap function. 🚀 Learn more: medium.com/@heima-network…
Litentry has migrated the (LIT) ERC-20 and BEP-20 tokens to Heima (HEI). Coinbase will not execute the migration of these assets on behalf of customers. What does this mean for you? Read more in the thread 👇
📢 @gate_io Supports Litentry (LIT) Token Swap & Rebranding to Heima (HEI)! 🔄 Token Swap: 1 LIT = 1 HEI migration will be automatically processed for users. No action needed! Key Timeline: •Feb 6, 2025 (UTC+8): Suspension of new margin & lending services. •Feb 7, 2025 (UTC+8): LIT/USDT futures enter reduce-only mode. •Feb 8, 2025 (UTC+8): Auto-settlement of LIT futures at average index price. •Feb 10, 2025 (UTC+8): LIT deposits, withdrawals, and trading (spot, margin, grid trading, Earn) will be suspended. •Users with active strategies or loans should adjust in advance to avoid forced closure. 🔗 Learn more: gate.io/announcements/…
📢 Important Update on LIT Futures Binance will support the Litentry (LIT) token swap and rebranding to Heima (HEI). Binance Futures will automatically settle and delist the LITUSDT USDⓈ-M Perpetual Contract on 2025-01-31 at 09:00 (UTC). 🔹 Key Details: 8:30 (UTC): No new positions can be opened. 9:00 (UTC): Automatic settlement & contract removal. Binance Funding Rate Arbitrage Bot will also close all LIT strategies at this time. 🔗 Learn more: binance.com/en/support/ann…
Here’s how to swap your $LIT for $HEI: 1️⃣ You can now swap your $LIT tokens for $HEI! 2️⃣ After swapping to $HEI, trading is NOT yet available. You’ll need to wait for exchanges to list $HEI and enable deposits. Binance is expected to open trading on Feb 13, while other exchanges will follow their own schedules. 3️⃣ The swap is irreversible. Once swapped to $HEI, you cannot trade or revert back to $LIT. 📖 For full details on the swap process and rebranding updates, check out the official announcement: litentry.medium.com/litentry-rebra…
As part of the upcoming rebranding, the tokenomics changes will apply to the new $HEI token. Overall, the $HEI token will be fully unlocked after 20 months. Specifically, the circulating supply of $HEI will increase from 66.45M to 100M over the next 20 months. The updated… x.com/litentry/statu… Quote [@litentry](https://www.twitter.com/litentry/status/1873589120997683351) > 🕒 Don’t miss it—your voice matters! > > Overall, the circulating supply will increase from 66.45M LIT to 89.5M LIT in 12 months, specifically: > * 5M LIT will be unlocked from the ecosystem fund upon swap completion. > * 24.1M LIT will be unlocked with a 20-month linear vesting… x.com/litentry/statu…
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