Important Announcement|Qitmeer Umayyad Network mapping is now open!
Qitmeer Network is moving into the third phase: Umayyad Era, we will open the mapping function before the Umayyad Network goes online.
1. Related notes.
Umayyad Network will be online soon, HLC Token and Pmeer Token will be mapped into MEER Coin through the Genesis block on the main network.
2. Mapping opening date.
The mapping function will be opened on September 3, 2021
3. Specific mapping ratio.
B-HLC (destroyed HLC) mapping ratio
B-HLC can be exchanged for 0.04210853 Meer. (≈23.74815-hlc / 1-meer reference value)
HLC Mapping Ratio
1HLC can be exchanged for 0.01617033 Meer .(≈61.84165-hlc / 1-meer reference)
Pmeer Mapping Ratio
1Pmeer can be exchanged for 0.10356637 Meer. (≈ 9.65564-Pmeer / 1-meer reference)
For more details, please see the mapping ratio announcement article below 👇
about the MEER token futures trade
https://www.jbex.cc/exchange/MEER1/USDT
4. Linear release and mapping channel
To maintain the stability of the amount of network currency release, the mapping part of the meer coin will be on a vested schedule (please wait for the recent announcement of the economic model for specific release rules), so HLC and Pmeer coin holders must deposit both tokens into the KAHF wallet before 24:00 of September 20, 2021, SGT and wait for the mapping (KAHF wallet is the only medium that supports the mapping)
KAHF wallet download address
Official website: https://www.kahf.io
Alternate address: https://www.kahf.info
5. Risk Tips
Exchanges that shelve HLC and Pmeer are advised to take down trading of both coins at 24:00 SGT on September 20, 2021, and remind users to withdraw their coins and send them to the KAHF wallet.
Medina Network will stop its network operations at 24:00 SGT on September 20, 2021, during this period, Pmeer will not be available for any means of transactions. We encouraged the community to hold their PMEER and transfer it to the Kahf Wallet and wait for the mapping’s availability.
Users are responsible for any losses caused by late mapping. Take note that the Kahf Wallet is the lone application that supports the Mapping.
About Qitmeer
Qitmeer is 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 the mining achieves a desirable balance of typical blocks metrics among the security, openness, fairness, and scalability.
Qitmeer adopts a classic POW consensus and UTXO data model and designs a unique asset issuing mechanism which requires the reserve of native currency, which is in line with core ethical financial values.
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