Qitmeer Network Locking Status Period 2

5 min readDec 11, 2021

The end block (order=180616, mainHeight=180000) of the second period has generated at 2021–12–01 14:29:31, the funds added to the locking pools in the mainHeight interval [90000, 180000) are included in the newly added amount of the second period.

For the second period, the total newly added amount of the two pools is 1061463.1744 meer. The newly added amount for the Guard Pool is 479932.52970000 meer, and the Honor Pool is 581530.64470000 meer. The current competitive incentive winner is the Honor Pool and receives a current competitive incentive of 32400 meer, which is divided equally among all new funds, with an additional return of approximately 5.57%.

The total cumulative lock amount is 1293863.31994935 meer until the end of the second period, and the staking rate is 35.94%. So the basic incentive available for the second period is 291600*50%= 145800 meer, 72900 meer for each pool.

For the current period, the highest basic profit rate of guard pool is 14.76%(annualized return 177.12% ) , and the lowest is 2.95%(annualized return 35.4%). And, the highest basic profit rate of honor pool is 16.53%(annualized return 198.36%) , and the lowest is 3.31%(annualized return 39.72%).

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Period 2 | before block (order=180616, mainHeight=180000)
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Guard pool lock amount is  613861.98029685 meer, Honor pool lock amount is  680001.33965250 meer
TotalLockAmount is 129386331994934 Qit, TotalOutput is 360000000000000 Qit, staking rate is 0.3594
Reward ratio is 0.5
Single pool reward is 7290000000000 Qit
SumOfFundsWeight for guard pool  246947436148425 Qit, TotalReward 7289999999629 Qit
SumOfFundsWeight for honor pool  220479066056250 Qit, TotalReward 7289999999625 Qit

ProfitGuard-2.txt (83.2 KB) ProfitHonor-2.txt (75.9 KB)

Update to block （order=168909, height=168701）

At present, for the current period, the highest basic profit rate of guard pool is 14.91%(annualized return 178.92% ) , and the lowest is 2.98%(annualized return 35.76%). And, the highest basic profit rate of honor pool is 16.62%(annualized return 199.44%) , and the lowest is 3.33%(annualized return 39.96%).

$ ./profit.sh
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Period 2 | before block（order=168909, height=168701）
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Guard pool lock amount is  588760.74059685 meer, Honor pool lock amount is  667649.60365250 meer
TotalLockAmount is 125641034424935 Qit, TotalOutput is 360000000000000 Qit, staking rate is 0.3490
Reward ratio is 0.5
Single pool reward is 7290000000000 Qit
SumOfFundsWeight for guard pool  244437312118425 Qit, TotalReward 7289999999717 Qit
SumOfFundsWeight for honor pool  219243892456250 Qit, TotalReward 7289999999629 Qit

Update to block （order=152221, height=152174）

At present, for the current period, the highest basic profit rate of guard pool is 15.35%(annualized return 184.2% ), and the lowest is 6.14%(annualized return 73.68%). And, the highest basic profit rate of honor pool is 18.43%(annualized return 221.16%), and the lowest is 7.37%(annualized return 88.44%).

$ ./profit.sh
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Period 2 | before block（order=152221, height=152174）
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Guard pool lock amount is  548095.62059685 meer, Honor pool lock amount is  505961.84165250 meer
TotalLockAmount is 105405746224935 Qit, TotalOutput is 360000000000000 Qit, staking rate is 0.2928
Reward ratio is 0.5
Single pool reward is 7290000000000 Qit
SumOfFundsWeight for guard pool  237462711118425 Qit, TotalReward 7289999999615 Qit
SumOfFundsWeight for honor pool  197802190456250 Qit, TotalReward 7289999999707 Qit

Update to block （order=134397 height=134384）

At present, for the current period, the highest basic profit rate of guard pool is 15.88%(annualized return 190.56% ), and the lowest is 9.53%(annualized return 114.36%). And, the highest basic profit rate of honor pool is 20.71%(annualized return 248.52%), and the lowest is 12.43%(annualized return 149.16%).

$ ./profit.sh
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Period 2 | before block (order=134397 height=134384)
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Guard pool lock amount is  514544.16159685 meer, Honor pool lock amount is  427958.60765250 meer
TotalLockAmount is 94250276924935 Qit, TotalOutput is 360000000000000 Qit, staking rate is 0.2618
Reward ratio is 0.5
Single pool reward is 7290000000000 Qit
SumOfFundsWeight for guard pool  229553672418425 Qit, TotalReward 7289999999660 Qit
SumOfFundsWeight for honor pool  175979914156250 Qit, TotalReward 7289999999753 Qit

ProfitGuard-2.txt (89.0 KB) ProfitHonor-2.txt (65.4 KB)

Update to block (order=130562 height=130549)

This result only reflects the status before block 130562 (order=130562 height=130549). The current stage is the third period of the current period.

At present, for the current period, the highest basic profit rate of guard pool is 12.53%(annualized return 150.36% ), and the lowest is 7.52%(annualized return 90.24%). And, the highest basic profit rate of honor pool is 17.51%(annualized return 210.12%), and the lowest is 10.5%(annualized return 126%).

The total lock amount is 854945.51024935 meer, and the staking rate now is 23.75%, only 45000 meer from reaching 25%. If reached, the profit rate will increase by about 31.5%.

In the current period, the total newly added lock-up funds was 622545.3647 Meer, with a increase of 167.88%. The newly added amount for guard pool is 352241.881 meer,the newly added amount for honor pool is 270303.4837 meer.

$ ./profit.sh
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Period 2 | before block (order=130562 height=130549)
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Guard pool lock amount is  486171.33159685 meer, Honor pool lock amount is  368774.17865250 meer
TotalLockAmount is 854945.51024935 meer, TotalOutput is 3600000 meer, staking rate is 0.2375
Reward ratio is 0.38
Single pool reward is 55404 meer
SumOfFundsWeight for guard pool  221041823418425 Qit, TotalReward 5540399999792 Qit
SumOfFundsWeight for honor pool  158224585456250 Qit, TotalReward 5540399999836 Qit

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 blockchain 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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