Qitmeer Network's Unique Distribution and Reduction Model

The initial distribution of the total circulating supply is divided into two main parts: 24% as the genesis output and 76% through the Proof of Work (PoW) output. Specifically, the founding team holds around 4%, which translates to approximately 8.41 million Meer, while the Medina testnet phase accounts for approximately 20%, or about 42.05 million Meer. Notably, the PoW output makes up the larger share of the total circulation. Qitmeer Network employs a unique approach to block reward reduction. Instead of the typical halving mechanism used by other cryptocurrencies such as Bitcoin, it adopts a 'smooth decay' model. This method gradually decreases the rewards to possibly ensure sustained network security and incentivization. The distribution details and reward model suggest a cautious and potentially sustainable economic model, emphasizing controlled issuance and strategic distribution plans.