Qitmeer Network is a public chain transformed from HalalChain.

Qitmeer aims to be the next-generation public chain based on BlockDAG which is dedicated to serving the ecosystem of Islamic Finance, ethical finance, and socially responsible investment, thereby enhancing financial inclusion and creating social impact.

In contrast to the competition model, BlockDAG’s collaboration model in mining achieves a desirable balance of typical blockchain metrics among the security, openness, fairness, and scalability.

Qitmeer’s BlockDAG is a collaboration model based on SPECRE protocol.

BlockDAG’s collaboration model allows solo mining and pool mining to have the same opportunity cost. At the same time, Qitmeer uses an anti-ASIC mining algorithm to prevent concentration of hash rate.

Qitmeer adopts a classic POW consensus and UTXO data model and designs a unique asset issuing mechanism that requires the reserve of native currency, which is in line with core ethical financial values.

Qitmeer testing network will introduce real miners for testing to ensure the gradual maturity and stability of the network. This is a gradual transition to the Qitmeer main network. The economic model of the test network should not only solve the incentive problems in the transition stage, but also solve the historical problems after the transformation.

HalalChain ERC20 token：HLC

Qitmeer test net token：PMEER

Native token of Qitmeer network：Meer

Qitmeer public chain test network announcement

Burning and mining: one HLC token burnt, one PMEER can be minted by miners.

Constant total number: the total amount of PMEER and HLC remains at 1 billion, PMEER + HLC = 1 billion.

Exchange freely: PMEER holders and HLC holders can exchange freely on their own initiative.

Mapping priority: the HLC participating in burning will obtain the priority of mapping, it means giving them priority according to its proportion in the network at the time of allocation.

Qitmeer (PMEER) - USD