【Important Statement】Clarification on Historical Price Display Error of MEER and the Impact of BSC-Meer Token on Qitmeer Network’s Reputation
Dear Qitmeer Network Community Members,
In recent days, we have noticed some community members raising questions regarding the historical price of MEER, particularly concerning inaccurate historical price charts on CoinMarketCap and CoinGecko. To address this matter and provide clarity, we hereby issue the following statement:
Fundamentals of Qitmeer Network and MEER Coin
Qitmeer Network is a PoW public blockchain based on BlockDAG technology, with MEER Coin serving as its underlying and exclusive value carrier, similar to BTC. MEER Coin is generated solely through the PoW consensus mechanism and has never been cross-chained to any other blockchain as an anchored asset. Notably, on August 27, 2022, we successfully upgraded to the QNG network, a high-performance public blockchain compatible with the EVM, paving the way for the development of the smart contract application ecosystem.
Currently, MEER Coin can only be transferred from the underlying BlockDAG network to the EVM-compatible QNG network. All exchanges’ integration is also based on the QNG network, meaning that transactions involving MEER Coin are conducted on the QNG network.
Blockchain Explorer: https://www.meerscan.io
QNG Network Blockchain Explorer: https://qng.meerscan.io
The True Historical Price Data of MEER
MEER Coin was first listed on the trading platform Jubi on October 28, 2021. Since its listing, the price of MEER Coin has fluctuated, but the all-time high price has not yet exceeded 2.39 MEER/USDT.
Jubi Exchange Link: https://www.jbex.com/exchange/MEER/USDT
According to the latest data, MEXC is currently the trading platform with the largest trading volume of MEER Coin. We welcome everyone to trade on the MEXC platform. At the same time, we are also actively considering expanding more trading platforms to provide more options to more investors.
MEXC Exchange Link:https://www.mexc.com/exchange/MEER_USDT
Misleading Historical Price Data for MEER
Recently, some users have noticed misleading historical peak price data for MEER on CoinMarketCap. This confusion arose due to the “MEER DEFI” project on the BSC chain, which led CoinMarketCap to incorrectly associate that project with the Qitmeer public blockchain. Consequently, historical trading data from “bsc-meer” was mistakenly included in the description of MEER Coin. The “MEER DEFI” project issued a token named Meer on the Binance Smart Chain (BSC) and inaccurately promoted itself as part of the Qitmeer ecosystem, causing confusion among community members.
We reiterate that the Meer Token on BSC has no direct relationship with Qitmeer’s underlying asset, MEER Coin. These are two distinct projects.
Qitmeer Network’s Efforts and Outlook
The Qitmeer Network operational team has made multiple attempts to rectify the inclusion details about Qitmeer with CoinMarketCap, aiming to correct any inaccuracies. However, due to the complexity of adjusting historical trading data, we have yet to receive technical support from CoinMarketCap. We assure you that we will continue to maintain close communication with platforms like CoinMarketCap, exerting our utmost efforts to expedite the rectification of price chart data.
We firmly believe that through our collaborative efforts, historical price data will be restored accurately, enabling community users to gain a clearer understanding of MEER’s authentic historical development. We hold the belief that with our persistent dedication, the true value of MEER Coin will further manifest in its future development.
We extend our gratitude for your steadfast support and comprehension of the Qitmeer Network community. We remain committed to providing you with stable and efficient services, as we work together to shape a brighter tomorrow.
