Heima Governance Proposal Aims to Burn 16.5 Million HEI Tokens

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 3 days ago

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Proposal Approval: The governance proposal to burn 16.5 million HEI tokens submitted by the Heima team has passed the council vote, marking a significant milestone in the project's decentralized decision-making process, with community voting set to begin in two days.
Supply Reduction: This proposal aims to permanently remove 16.5 million HEI from circulation, which could impact tokenomics and long-term value dynamics, thereby enhancing holder confidence in the project.
Increased Community Participation: The governance phase is now live, allowing HEI holders to participate directly in the voting process, with the team emphasizing the importance of transparency and long-term value creation, aligning with trends in decentralized finance.
Impact on Holders: Should the vote succeed, the reduction in circulating supply could support price appreciation if demand remains steady, with the team focusing on ecosystem health and community alignment rather than short-term price fluctuations.

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Technical Analysis for HEI

Technical Sentiment Analysis for Heima (HEI). As of , Heima (HEI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for HEI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, HEI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Heima (HEI) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	-0.124	-0.0347	0.0197	0.109	0.163	0.253	0.307
Fibonacci	-0.0347	0.0202	0.0542	0.109	0.164	0.198	0.253

About HEI

Heima Network was developed as an evolution of the Litentry Network, which focused on decentralized identity and privacy solutions. Building on this foundation, Heima expanded its scope to address cross-chain asset management and multi-chain interoperability. The transition involved integrating advanced modules from Litentry while introducing new features like intent-based execution to meet the growing demands of decentralized ecosystems.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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