Qitmeer Network's Distribution and Reward Decay Strategy Explained

The initial distribution of the total circulation shows that 24% is allocated to genesis output, with the founding team receiving roughly 4%, amounting to 8.4096 million Meer, and the Medina testnet phase accounting for about 20%, totaling 42.048 million Meer. The remaining 76% is allocated through Proof of Work (PoW) output. Unlike traditional halving models, the Qitmeer Network employs a gradual decrease in block rewards, known as a "smooth decay" model. This distribution strategy and reward reduction approach have notable implications for the network's economic dynamics and long-term sustainability.