Qitmeer is the next-generation global public blockchain supported by Block DAG technology, and also the first public chain dedicated to inclusive and ethical finance. The BLOCK DAG cooperative bookkeeping model outperforms the traditional chain-style node competition bookkeeping model, achieving a reasonable balance of security, openness, fairness, and scalability. It adopts the classic POW consensus and UTXO data model, and innovates with a token issuance mechanism that requires approval and is based on the underlying coin as its fundamental value, aligning with the philosophy of equal finance.
Pmeer is the token of Qitmeer Medina Network, with no pre-mining and no ICO. All tokens are generated entirely through POW mining. The networks average block time is 30 seconds, with a reward of 120 Pmeer per block. After the launch of the Qitmeer mainnet, all will be fully mapped onto the mainnet.