Qitmeer Network Surpasses 76% Circulation with Unique Reward Model

The initial distribution of Meer tokens includes 24% from the genesis output and 76% from the PoW output. The genesis portion allocates roughly 4% to the founding team, totaling about 8.4 million Meer, while around 20% is reserved for the Medina testnet, equaling approximately 42 million Meer. In contrast, the PoW segment makes up the majority of circulation at 76%. Qitmeer Network employs a unique "smooth decay" model for block reward reduction rather than the traditional halving schedule seen in other cryptocurrencies like Bitcoin. This distribution framework indicates a strategic approach to token allocation, emphasizing a balanced initial distribution with a significant portion allocated to the PoW process, supporting mining incentives. The use of a "smooth decay" reward reduction model suggests an effort to ensure steady, predictable decreases in block rewards, which could foster stability and long-term sustainability. The specific allocations to the founding team and testnet show an emphasis on development and network testing phases. Investors and participants should consider the implications of the distribution percentages and the reward reduction mechanism. The substantial PoW share highlights the importance of mining activity in the network, which could influence token value based on mining profitability. The distribution to the team and testnet also present considerations regarding centralization and network security. Overall, this distribution strategy and reward adjustment model reflect a thoughtful approach to network growth, incentivization, and sustainability, which could positively influence long-term network security and potential value appreciation.