The Qitmeer Network Staking Redemption Verification Online, Please Submit Your Confirmation!

Dear Qitmeer Network users, the Staking redemption verification channel has been officially opened, please confirm your asset redemption account and asset amount as soon as possible . The redemption channel will be officially opened on 20 November 2022 . Please complete all information confirmation and verification before then, all consequences caused by your failure to submit the correct information within the specified period will be borne by you.

You can search for Staking details via the official channel (https://qitmeer.io/#/staking), please read the documentation carefully before doing so. Through this channel, you will be able to check the details of all your Staking by simply entering your Staking address.

Once you have entered your Staking address, you will be able to see the amount of each Staking fund at that address, as well as the block, period and pool in which the Staking fund is held.

By clicking on the “View Details” button, you can view the details of each locked fund for each period.

You can perform a return review calculation using the reward calculation formula based on the total incentive amount, the lock volume of the corresponding staking pool and the newly locked amount for each period.

Formula for calculating the base profit for each period.

period profit = 1/2 * periodBaseIncentive * stakingAmount * timeWeight / poolTotalLockVolume

Each period of competitive incentive can only be earned and equally divided by the current period’s new lock-up funds, and requires the corresponding staking pool to be the current competitive winning pool; otherwise the competitive reward is zero.

Please make sure you confirm and verify your Staking asset redemption account and asset amount as soon as possible before the verification channel closes.

Closing Time of Verification Channel

The Staking redemption confirmation and verification channel on the official website (qitmeer.io) will be open until 20 November 2022 at 23:59, at which point it will be permanently closed.

The steps for the verification channel are as follows.

1. Please login to the official website before 20 November 2022 to complete the data confirmation and the signature verification of the relevant ownership. During the operation to verify the signature, please make sure to conduct a test simulation first as the real verification process involves asset security.
2. If you have any questions or concerns before 23:59 on 20 November 2022, please provide timely feedback through the work order system or official channels such as social media, after which the verification channel will be permanently closed.

Asset Redemption Channel Opening Date

The redemption channel for Staking assets will open on 21 November 2022 and the Staking principal will be released to your verified UTXO account at once, the rewards will be released in batches. Please refer to the official announcement for more details.

Different Verification Methods

There are two main types of Staking redemption verification.

1.Transfer transaction verification

Transfer operations require interaction with Kahf wallet, please update to the latest wallet version from Kahf.io first. Recommended for general users.

2. Digital signature verification

Digital signature creation document: https://qitmeer.io/#/library/article/43. Recommended for users with some programming or learning skills.

When verifying, choose one of the two verification methods. Users who do not have a computer terminal or require a simple verification process are advised to choose the “transfer transaction verification” for verification operations.

Caution

Caution! If your staking assets are transferred directly from the JuBi Exchange to the staking pool, you will not be able to verify your signature or verify the transfer transaction.

In case of the above situation, please provide feedback and verification by 20 November 2022 through official channels. By Email: qitmeerteam@gmail.com or official media channels.

Security Tips

1. During the operation, you need to recognize the official website, please do not click on unknown links to avoid loss of assets.
2. All losses caused by not submitting the correct information within the specified period will be borne by the individual user, and no further verification channels will be provided.
3. The verification information can only be submitted once and cannot be amended again, please check carefully before submitting.

Thank you for your support and understanding.