Qitmeer Network & IceCreamSwap Airdrop Tutorial

8 min readMar 22, 2024

To celebrate MEER’s official debut on IceCreamSwap, Qitmeer Network and IceCreamSwap have joined forces to launch a liquidity reward program of up to 130,000 MEER. This aims to provide more users with the opportunity to participate in MEER liquidity provision and enjoy greater investment opportunities.

Whether you’re an experienced investor or a newcomer, there’s a reward plan tailored to you.

We’ll continue to update information about the reward program to help you maximize your earnings in the digital asset world.

💫For more details:

https://medium.com/@qitmeer/130-000-meer-liquidity-incentives-launched-meer-partners-with-icecreamswap-to-set-sail-5f43e2b76f63

Event Example

If you hold 100 USDT across multiple chains supported by IceCreamSwap, you can participate in three events simultaneously based on the event tutorial. Let’s take a look at an example:

Let’s suppose User A bridg 100 USDT to the Qitmeer Network, then swaps 50 USDT for 806 MEER. Afterwards, they add the remaining 50 USDT and 806 MEER as liquidity. MEER’s price is calculated at 0.062 USD.

Suppose User A receives rewards from three events simultaneously. According to the calculations, User A will receive a reward of 100 + 806 * 200% / 365 * 30 + 1000 = 1232 MEER. Without considering fees and LP earnings, User A could potentially earn up to 1226 MEER in one month, equivalent to a profit of 76 USD. The maximum annualized return can reach up to 912%.

【Please note that each event has its own limits, quotas, or lottery restrictions. The actual awards are subject to the announcement of the event.】

Special Note

The IceCreamSwap Bridge issues Tether USD on the Qitmeer network through smart contract design and certification, ensuring a one-to-one exchange ratio with stablecoins on other chains. This provides a secure and reliable cross-chain exchange solution.

However, it’s important to note that Meer USDT on the Tether USD and KAHF wallets are not interoperable, as they belong to different tokens.

Tether USD contract address: 0x7D5a56742C082FcDfc240cd7D1775f00e059771F
Meer USD contract address: 0xf16FE840D83d23509fe5642FC1642BC302E12E0d

【Therefore, you cannot directly use the existing Meer USDT to participate in IceCreamSwap’s events. 】

We will provide you with detailed cross-chain participation tutorials to ensure you can smoothly participate in IceCreamSwap’s events.

Event Tutorial

Before participating in IceCreamSwap events, make sure you have prepared multi-chain wallets. This tutorial will primarily use the MetaMask wallet for participation.

If you haven’t installed the MetaMask wallet yet, you can refer to the following tutorial:

MetaMask plugin wallet (installation tutorial) and Add Qitmeer Network

Please note that this tutorial also uses the BSC chain as an example to illustrate, similar to the operation of other chains, just prepare the transaction gas of the corresponding chain.

🔺Tutorial Preparation: Have GAS and USDT ready in advance

Please ensure your wallet has at least 0.01 BNB and 0.5 MEER. Paying gas fees is necessary for blockchain transactions.

You can purchase BNB on Binance and MEER on Mexc. Once purchased, please withdraw the assets to your wallet address. Please note that Binance Smart Chain (BSC) and Qitmeer belong to different blockchains, so select the correct network when withdrawing.

If you haven’t withdrawn funds before, you can refer to the following tutorial:

How to Withdraw Cash on Binance

Additionally, you’ll need to deposit USDT on the Binance Smart Chain (BSC) to your wallet address.

If you hold USDT assets on other chains, you can exchange them using stablecoin bridges like Allbridge Core, Meson, etc. Alternatively, you can purchase USDT from exchanges and choose to withdraw it to your wallet address.

If you’re unfamiliar with bridge operations, you can refer to the following tutorial:

How to Perform Bridge Operations on Meson

🔺Bridge Tutorial: Transferring USDT to Qitmeer Network

Navigate to the bridge page

On the IceCreamSwap website (https://icecreamswap.com), you can click on the “Bridge” feature to enter. Next, please connect your wallet to proceed with the following steps.

Select the asset to transfer and the target chain

Select Binance Smart Chain (BSC) as the source chain and switch your wallet to choose Qitmeer Network as the target chain.

Then, select the asset you want to transfer, such as the USDT token.

Confirm the receiving address

The bridge receiving address on IceCreamSwap is typically your wallet’s linked address. Please ensure the accuracy of your wallet address linkage to avoid asset transfer failures or losses.

Confirm bridge transfer

Enter the amount of USDT you want to transfer in the asset quantity input box. To meet the reward conditions for event 1, make sure the amount of USDT transferred across chains exceeds 100 USDT.

【Special Note: If you only perform bridge operations without trading or providing LP, you will forfeit the rewards for event 1.】

After confirming, click the “Bridge Now” button, then click “Confirm” on the pop-up window, follow the wallet prompts to complete the transaction confirmation.

【Note: IceCreamSwap charges a fee of 0.0025 BNB for each bridge transaction from Binance Smart Chain (BSC) to the Qitmeer network.】

Click “Approve” on the popup window, then follow the wallet prompts to complete the transaction confirmation.

Approve the transaction for the USDT token on the Binance Smart Chain (BSC) in your wallet.

Next, click “Confirm” on the subsequent pop-up window, and follow the wallet prompts to complete the transaction confirmation.

Check the transaction records

After the transaction is completed, IceCreamSwap will prompt you that the assets have been successfully transferred to the target chain.

🔺Trading Tutorial: Buying MEER on IceCreamSwap

Connect wallet and switch to Qitmeer Network

Click on the “Connect Wallet” button in the top right corner of the page, select your preferred digital currency wallet such as MetaMask, Trust Wallet, etc., connect your wallet, and switch the network to Qitmeer.

After the wallet pops up, click “Switch Network” to switch to the Qitmeer network.

Navigate to the Swap page

Locate the “Trade” feature entrance on the icecreamswap (https://icecreamswap.com) website, then click on “Swap” to access the exchange page.

Choose the asset pair for exchange

On the exchange page, select the asset pair you wish to exchange, such as USDT to MEER.

【If you’re considering adding liquidity pools for MEER and other new tokens to enjoy a 300% APY MEER airdrop reward for 30 days, you might want to consider swapping USDT for other new tokens like ICE.】

Enter the exchange quantity

Enter the amount of MEER you wish to exchange, then click “Swap”. (The system will automatically calculate the amount of USDT you will receive and the current exchange rate.)

To meet the reward requirements of event 3, we recommend that the quantity of MEER in each transaction be ≥ 100 MEER. You can also choose to add liquidity in event 2 to claim more reward shares and achieve higher returns.

Click Swap transaction

Please carefully verify the details of the exchange transaction, including the exchange assets, target assets, and the amount to be exchanged, to ensure everything is accurate.

Click “Confirm Swap” in the pop-up window and authorize the transaction confirmation in your wallet.

During the waiting process, click “Confirm” in the MetaMask wallet prompt window, and confirm the transaction in your wallet.

Wait for the swap transaction to complete.

Check the transaction records

After the transaction is completed, you can view the recent transaction records in “Recent Transactions” to confirm that the operation has been successfully recorded on blockchain.

🔺LP Addition Tutorial: Adding the MEER/USDT Liquidity Pool on Icecreamswap

Navigate to the liquidity page

Find the “Liquidity” function entrance on the IceCreamSwap website, click the “Add” button to enter the liquidity page .

Select asset pair

On the liquidity offering page, select the asset pair you wish to provide liquidity for, such as MEER/USDT.

You can opt for the MEER/USDT liquidity pool, thereby qualifying for the MEER 30-day 200% APY airdrop reward.
Alternatively, you can add liquidity to the MEER and other new token liquidity pools, thereby qualifying for the MEER 30-day 300% APY airdrop reward.

【Special Note: new token incentives refer to projects deploying new tokens on the Qitmeer Network, with the project having a certain business or community base.】

Enter asset quantity

At this step, you can choose to use the purchased MEER assets from event 3 as the assets to provide, or simply click the “MAX” button.

【Based on the AMM mechanism, the system will automatically calculate and balance the quantities of the two assets you need to provide to maintain the balance of the liquidity pool.】

Provide liquidity

In the pop-up window, review the provided amount of funds and asset pairs carefully to ensure accuracy. Once confirmed, click “Confirm Supply” to finalize the wallet transaction confirmation.