Qitmeer Network Monthly Bulletin (2022/11/15-2022/12/31)

Qitmeer Network
7 min readDec 31, 2022

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To our dearest Qitmeer community,

Happy New Year! Qitmeer Network made some important advances in 2022,including the construction of the Layer2 eco-application layer for EVM-compatible systems;There are now 6 ecosystem projects taking shape on the network,with 75,392 new EVM Meer holding addresses;And gradually devolving power into the hands of the community,making it truly the owner of the network. We have also recently expanded our new international community and launched a new trading platform,which has helped bring more vitality to the online ecosystem. Qitmeer Network is expected to achieve greater success in the Next coming years !

In 2023,Qitmeer Network will carry out continuous optimization and iteration in terms of technology,committed to improving the performance and scalability of the network. At the same time,it will also establish partnerships with more enterprises and institutions to provide them with blockchain solutions. In addition,the Qitmeer Team builds closer interaction with community members,listens to their opinions and suggestions,and can adapt to the changing needs of the community and meet the needs through application innovation efficiently.

Qitmeer Network will publish a monthly review report in the Community Dynamics section on the homepage of the official website. The following are the main contents of our monthly report:

Community dynamics

MEER was listed on the BKEX trading platform

To achieve a better trading experience and improve MEER's liquidity in the secondary market,MEER was officially launched in the digital asset trading platform BKEX at 18:00 (UTC+8) on December 23,2022. According to the data,the trading volume on that day reached 4.47 million MEER.

BKEX registration link: https://www.bkex.com/

Online investment research roundtable

Abdullah Han,the co-founder of Qitmeer Network,participated in a Twitter Space titled "Finding The Next Bull Market First Stop -- Convergence of Sovereign Finance and Crypto Economy" hosted by The Primedia DAO on December 15,2022,at 2 pm.

Mr. Abdullah Han,on behalf of Qitmeer Network,emphasized many times that the combination of blockchain and finance is the trend of future development when discussing the financial field with central banks around the world. Regarding the matter that the United States allows the introduction of bitcoin mining computing power when promoting securities laws or regulations,he believes that crypto entrepreneurs in mainland China should pay more attention to political lobbying. In the era of We-media,they can supplement the basic cognition of the blockchain industry through algorithms and iterative code generation principle of domain knowledge sharing,such as the integration of Web3 technology and various industries;Integration of crypto economy and sovereign finance;DeFi fusion with Web3 non-financial use cases. It also points out that the emergence of Bitcoin gives an opportunity to counter the traditional world financial order centered on the US dollar -- with the crypto economy as the core,the whole world economic system will be reshaped,and the world financial pattern and order will be rebuilt.

STAKING RELEASE (Honor and Guard) POOLS

Staking rewards are released in 8 batches;

2 x 5% - 2/2(completed)

2 x 10% - 2/2(completed)

2 x 15% - 1/2

2 x 20% - 0/2

According to the current liquidity of MEER,the Qitmeer team considers the impact of interest release on the price of the secondary market. The interest of the Honor and Guard pools will be released to the EVM MEER address of the KAHF in 8 phases,and the current interest has been issued in its 5th phase. Please pay attention to the official announcement of the next release!

V0 pool principal refund

After communication and verification with the KAHF wallet team,the principal amount of BSC V0 pool pledged MEER has been fully returned to the EVM network MEER address at 19:00 on December 05,2022. The interest payment rules are issued according to the average yield rate of Locked Pools,which is 84.5%. Please pay attention to the official announcement of the next release!

Expansion of the international community

An important indicator of a decentralized Network is international community expansion. Creating a diversified global community system is an essential process for Qitmeer Network to start DAO governance in the future. In the past month,two new communities were added in terms of community outreach:

Building a Turkish community

The Turkish community of Qitmeer Network was added on November 20,2022.

The Turkish community is very active,There are now 1188 community members.There is one community manager and three community administrators.

Turkish community Telegram link:

https://t.me/qitmeerturkiye

Building a Nigerian community

The Nigerian community was added on December 17,2022,The new community is still in its infancy and needs our strong support. We look forward to the growth of the Nigerian community. Among them were 1 community manager, 2 community administrators, and 1 designer.

Nigerian community Telegram link:

https://t.me/qitmeernetworknigeria

Nigerian community Twitter link: https://twitter.com/QitmeerNigeria

Community Activity

Activity 1: Trade ranking activity

In order to reward new and old users for their long-term support for the Network,Qitmeer Network and BKEX trading platform carried out the "MEER trading Ranking activity".

Event Time: 18:00 December 23,2022 -- 18:00 December 28,2022 (UTC+8)

Event Link: https://www.bkex.com/trade/MEER_USDT

Event details: https://qitmeer.io/#/home/announcement/29

Activity 2 : Compete for 4500MEER

During the Christmas season,in order to strengthen community interaction and create a unique community culture,Qitmeer Network launched the "160 Lucky People" Christmas activity. Participate,complete the tasks and have the chance to become a lucky user to share the 4500 Meers.

Event Time:

Start: December 22

Ends in: 3 weeks.

Event Link: https://gleam.io/mUAGo/qitmeer-network-christmas-givaway-i

Activity 3 : Twitter Shilling Event

Qitmeer Network kicks off a 3-week "Twitter Shilling Event" to give back to community users by retweeting posts about Qitmeer and sharing ideas about Qitmeer Network! Four winners per week,each awarded 15 USDT.

As of the latest data,there are 7 Kols with millions of followers on Twitter who call and retweet the Qitmeer Network campaign.

Event Time: December 22,2022-January 11,2023

Event Link: https://twitter.com/QitmeerNetwork/status/1605145601066180608

Academic paper update

Prof. Abdussalam Ismail Onagun,co-founder of Qitmeer Network,published the article "Case Study of the Qitmeer Charity: Strategic Management of Zakat through Blockchain Technology "has been included in the Institut Penyelidikan dan Inovasi Zakat(IPIZ).

The paper uses library data in the form of text from pertinent books on Blockchain technology and papers for the case study analysis. Finally,the paper will analyze a case study of Zakat management through the adoption of Qitmeer technology for Zakat traceability with the support of Sokoto State Zakat & Endowment Commission (SOZECOM) in order to encourage Digital Asset holders across the globe to pay their Zakat and charity donations through Qitmeer network and Kahf wallet.

Prof. Abdussalam Ismail Onagun,co-founder of Qitmeer Network,will be invited as a research scholar to participate in the Imperial Hotel Malaysia from December 27 to 28,2022 The second Zakat International Conference on Economic Development at (Imperial Hotel Miri).

Community user contribution

"Fulmos",a loyal user of Qitmeer Network,became the first content creator among the community users and published articles related to Qitmeer Network in his personal public account. (Public number: qitmeer fan home,please pay attention to support).

Since Qitmeer was founded 5 years ago,we have insisted on being driven by the research of the blockchain industry,providing support for community users with ideas in various aspects such as technology,products,communities,and talent introduction. We are a community-driven project and will continue to support and give back to our community.

Our original intention is to provide a platform for old and new friends to communicate. Help community users with ideas become long-term value contributors. We are committed to working closely with developers and communities to build a Web 3.0 decentralized economic ecosystem.

Content Incentives

Gather opinions from big names in the industry to build a more powerful community——

We at Qitmeer Network hope to have more talented partners participate in our content construction because it will not only enrich our content output but also let the community understand the network from different angles. It also opens a channel for users in the crypto world to understand Qitmeer Network and Block DAG technology,and lays a good foundation for Qitmeer Network,which is at a low value,to enhance its popularity in the crypto industry.

Therefore,if you have unique insights on Qitmeer Network,we very much hope that you can output your opinions for the network in the form of text.

Including but not limited to Qitmeer Network-related articles,project analysis,etc. For this,we will give MEER rewards for your contribution through a comprehensive evaluation.

Evaluation Standards:

Article content quality

Article publicity channel

Number of social media followers

Reward range: 200MEER-2000MEER

Note: The number of rewards will be adjusted according to the price changes of MEER in the secondary market,and the final interpretation right belongs to the Qitmeer Team.

Technology development

In qng-1.018 version,EVM data expands too fast,which will increase the cost of the verification node over time. In the development of Qitmeer Network's latest development version qng-1.0.19,the problem of EVM data which is expanding too fast will be alleviated. At the same time,by default,the archiving of historical status data by all nodes will be reduced to reduce the memory requirements of verification nodes. For nodes whose main business is to provide services,more historical blockchain data can be archived to facilitate the provision of related services. This type of archive node inherits the same functionality as a full node and builds an archive of historical states by deriving all states from a full node.

Qitmeer Testnet faucet is ready for use. All developers who want to build an ecosystem are urged to test on the test network first,so as to reduce the storage of junk data on main network nodes.

Main entrance faucet: https://faucet.qitmeer.io

Standby faucet: https://meerfans.github.io/meerFaucet/

Network security

Penetration test report

Qitmeer Network Security team Lunaray (https://qitmeer.io/#/home/announcement/18) released the December Penetration Test report for each section of the network:

Link to report:

https://twitter.com/QitmeerNetwork/status/1603732603668168706?t=ZTrZvJU8Tw6Mdi3rNA5RIA&s=19

END

Thank you to every user in the community,the crypto industry is changing rapidly,and Qitmeer Network is also building a public chain ecology in its own way. Qitmeer Network aims to create an open,transparent,secure,efficient and usable public blockchain network. Therefore,in the future,we hope to get the community's support as always.

Please follow us for more information about Qitmeer Network projects.

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Qitmeer Network

Qitmeer Network is the next generation payment network infrastructure based on BlockDAG technology.