Meer Coin (MEER) is the native cryptocurrency of the Qitmeer Network. It is produced through a Proof-of-Work (PoW) mining mechanism. With a total supply of approximately 210.24 million coins, MEER plays a pivotal role within the Qitmeer ecosystem. It serves as the core asset for governance and various applications on the network. MEER Coins are used for secure storage and transfers of assets, micropayments, and for paying fees related to smart contract execution. As Qitmeer's ecosystem grows and more applications are developed on the network, the intrinsic value of MEER Coin is expected to increase, reflecting its growing utility and adoption.

The distribution of MEER Coins follows a fair and decentralized model. The majority, about 74%, is generated through fair mining, avoiding pre-mining and private placements to ensure equitable distribution. An additional 20% is allocated to early supporters who participated in the 18-month Medina testnet phase, encouraging real computing power contributions. The remaining 4% goes to the development team for network development. Currently, only about 30% of the total MEER Coins are in circulation, highlighting the focus on fair distribution and long-term growth.

How it Works

Meer Coin (MEER) operates within the Qitmeer Network as the native cryptocurrency, functioning as a medium of exchange and a store of value. It is produced through Proof-of-Work (PoW) mining, and its issuance is governed by the underlying MeerDAG consensus protocol. MEER Coins are used for various purposes within the Qitmeer ecosystem, including secure asset storage, value transfers, micropayments, and payment of transaction fees related to smart contract execution. As the network grows and more applications are developed, MEER Coins are expected to gain intrinsic value, reflecting their expanding utility and adoption, while their distribution model emphasizes fairness and decentralization.

Unique Features

Meer Coin (MEER) operates within the Qitmeer Network as the native cryptocurrency, functioning as a medium of exchange and a store of value. It is produced through Proof-of-Work (PoW) mining, and its issuance is governed by the underlying MeerDAG consensus protocol. MEER Coins are used for various purposes within the Qitmeer ecosystem, including secure asset storage, value transfers, micropayments, and payment of transaction fees related to smart contract execution. As the network grows and more applications are developed, MEER Coins are expected to gain intrinsic value, reflecting their expanding utility and adoption, while their distribution model emphasizes fairness and decentralization.