MEER unlocks the core driving force of the Qitmeer network
💎🔮As blockchain technology gradually rises, the token economy is experiencing rapid global development, bringing new opportunities and transformations to businesses and organizations.
Meer Coin, as the core asset in the Qitmeer Network, plays a fundamental role as the base currency in the economic system, possessing various functions, including value storage, micropayments, and smart contract transaction fees.
In comparison to traditional currencies, MEER, through its unique economic model, provides a mechanism for participants to share ecological development benefits while defining a new paradigm for Web3. In this era of transformation, MEER is emerging, showcasing limitless potential.
The Unique Features of MEER
The revelation of gold
Currency is not a new concept. Gold, as the oldest medium of exchange, has been universally acknowledged by human communities for its intrinsic value. Its value benchmark is derived from the energy cost and resource consumption required for gold mining.
Qitmeer Network’s native currency, MEER, shares significant similarities with gold in terms of production mode, limited inflation, and store of value properties.
Decentralized Currency
After the global financial crisis in 2008, central banks around the world adopted an unlimited quantitative easing monetary policy, leading to competitive devaluation of national currencies and a severe crisis of trust in the fiat currency system.
As a decentralized currency based on proof-of-work mechanism, MEER has become an important existence to counter power, promote fair currency, and protect purchasing power. Its currency issuance is determined by all holders, and modifications are made through protocol upgrades, eliminating the control of currency issuance by a single entity.
Limited total
The total amount of MEER is limited, producing 2880 blocks per day. The reward for each block decays smoothly with the production reduction model, ensuring that the total amount ultimately reaches 210.24 million.
This restriction is different from the arbitrary issuance of fiat currency, which maintains the inflation rate of MEER at a low level and protects the holding value of each participant from dilution.
Mining Cost
Compared to gold, the mining cost of MEER gradually rises, and the production of each MEER is correlated with the marginal increase in computational resources.
Similar to the stock market value game, the value pricing of MEER depends on the marginal mining cost of the last miner, which is the computational resources required for the last miner to produce one MEER. This forms a continuous trend of marginal “appreciation” in the entire system.
Leading Diverse Application Scenarios
🌐As the highly secure and scalable public blockchain network of Qitmeer Network continues to evolve, its native asset MEER has demonstrated widespread application demand in various fields. In the future, with the thriving development of the ecosystem, the demand for MEER’s usage will continue to increase, and its utility value will see rapid growth.
Here are some application scenarios within the Qitmeer Network:
DeFi
Qitmeer Network, with its smart contract compatibility and low transaction fees, has become a wise choice for decentralized financial applications.
As the core asset and network GAS of decentralized economic systems, MEER fully supports the rapid development of DeFi. It provides robust support for low-cost financial services on the blockchain, facilitating the easy implementation of decentralized trading, lending, stablecoins, and other financial services, shaping the new normal for DeFi.
GameFi
In the gaming sector, MEER helps players purchase digital assets and NFTs, and is deeply involved in in-game economic governance.
This innovation allows game developers and players to share high-quality participation experiences and economic incentives, injecting new vitality into the gaming industry.
AIGC
🎨DimAI is an all-in-one AI creation platform based on the Qitmeer Network, offering NFT creation capabilities for various types of digital art.
Holding MEER allows direct purchase of Dim Tokens, enabling comprehensive participation in the AI creation experience. Whether crafting unique NFTs, designing virtual companions, composing one-of-a-kind music, or creating captivating game IPs, MEER helps fulfill various creative needs.
Metaverse Ecosystem
In the metaverse field, MEER will support the purchase of digital assets and transactions involving virtual land.
As the core asset for building the metaverse ecosystem, it will drive the integration of virtual and real-world experiences.
The long-term value of a thriving ecosystem
🏭MEER’s growth potential relies on the concept of Web3, building applications with open protocols and distributed databases, empowering token economies, enhancing network user stickiness, attracting outstanding developers and a healthy application ecosystem, and creating rich value for users.
As the core asset of the Qitmeer Network, MEER shares functional attributes similar to corporate equity. If you hold MEER, you have the right to future growth benefits on the Qitmeer Network.
By capturing protocol and application revenue through token economics, MEER fosters value-sharing among builders and users, promoting mutual benefits and further strengthening token-driven network effects.
The ecosystem’s appeal
Qitmeer Network, as a senior public chain in the blockchain field, actively expands and continuously improves its ecosystem. It has initially demonstrated the diverse landscape of the ecosystem in multiple fields such as mining pools, DeFi, NFT, AIGC, GameFi, wallets, and metaverse.
The intrinsic value of MEER comes from its wide range of application scenarios and multiple uses in the network. With the increasing richness of the ecosystem and the increase of network applications, the intrinsic value of MEER will continue to improve.
This is a vibrant and innovative ecological network, and we firmly believe that it will bring more infinite opportunities and precious value to users and developers.
How MEER captures value
🎠The value of MEER largely depends on users’ demand for network resources (block space and gasoline fees) and services. In order to motivate community users to actively hold MEER to maintain the stability of the entire network, we are committed to creating more demand.
We promote mutual attraction between users and developers through network effects. Developers are encouraged to create high-quality application protocols on blockchain, attracting greater user engagement and forming a strong link with the network protocol.
This will notably boost MEER demand, benefiting from ecosystem growth. Meanwhile, rising mining rewards will attract more miners, collectively sharing development dividends. In this mutually beneficial ecosystem, MEER will effectively capture its value, fostering a more prosperous future for the entire network.
