Qitmeer Network PriceMEERInactive

What is Qitmeer Network (MEER)?

Qitmeer Network is a high-performance public blockchain built around the MeerDAG consensus protocol engine, positioned as next-generation payment network infrastructure based on BlockDAG technology. It combines a Layer1 + Layer2 architecture with EVM compatibility, aiming to deliver strong scalability and interoperability with mainstream blockchain ecosystems. The project positions itself as a BlockDAG-based public chain dedicated to serving Islamic finance, ethical finance and socially responsible investment, with a focus on financial inclusion and social impact. The network leverages Proof of Authority (POA) networks to support business-grade decentralized applications, and its Meer Network component handles value transfer using hybrid BlockDAG technology with a UTXO data format. MEER is the native currency of the Qitmeer Network mainnet, which carries Chain ID 813. The maximum supply is capped at 210,240,000 MEER; the self-reported circulating supply is 90,436,488 MEER, representing about 43.02% of the maximum supply. The project was founded in 2017, and the MEER cryptocurrency launched on September 29, 2021, and the network remains active today.

Key Specifications & Tokenomics

• Name: Qitmeer Network
• Ticker / Symbol: MEER
• Consensus Mechanism: Classic Proof of Work with a UTXO data model, combined with hybrid BlockDAG technology; POA networks for business-grade DApps and an SPoS mechanism within the ecosystem
• Blockchain / Network: Qitmeer Network Mainnet (EVM-powered network)
• Chain ID: 813 (hex: 0x32d)
• Network ID: 813
• Smart Contracts: EVM compatible Layer1 network structure
• Category: Layer1 + Layer2 public blockchain, payment network infrastructure
• Maximum Supply: 210,240,000 MEER
• Total Supply: 101,934,552.26612261
• Circulating Supply: 90,436,488 MEER (self-reported)
• Token Type: Native token; also described as BEP-20
• Official Website: https://qitmeer.io/
• Whitepaper: https://github.com/Qitmeer/whitepaper/releases
• GitHub Organization: https://github.com/Qitmeer
• Explorers: https://qng.qitmeer.io and https://qng.meerscan.io
• RPC URLs: https://evm-dataseed1.meerscan.io, https://evm-dataseed2.meerscan.io, https://evm-dataseed3.meerscan.io, https://evm-dataseed.meerscan.com, https://qng.rpc.qitmeer.io, https://mainnet.meerlabs.com, https://rpc.dimai.ai, https://rpc.woowow.io
• Headquarters: Primary Building No. 3W Dubai, Dubai, AE
• Company Founded: 2017

Who created Qitmeer Network?

Qitmeer Network was co-founded by Abdullah Han; a Tracxn company profile lists Sulaiman Liu, Abdussalam I Onagun, Abdullah Han and Ronald Yousuf Wijaya as founders. The project's LinkedIn page states that Qitmeer is the next-generation public chain based on BlockDAG and was founded in 2017, while IQ.wiki places the founding of the network in November 2017. The team maintains an active presence through its LinkedIn company page and Twitter account, and development work is publicly hosted under the Qitmeer GitHub organization.

How does Qitmeer Network work?

Qitmeer Network's base layer uses a classic Proof of Work consensus with a UTXO data model, combined with hybrid BlockDAG technology. According to the project, its proprietary MeerDAG protocol shortens block confirmation to seconds and processes up to 4,000 transactions per second. Proof of Authority (POA) networks are leveraged as a foundation for business-grade DApps, and an SPoS (Stake Proof of Stake) mechanism is incorporated within the ecosystem. The network's Layer1 + Layer2 architecture allows MeerDAG to enable Layer1-level data scalability. POA networks offer faster transaction processing than Proof of Work networks, predictable gas fees, energy efficiency, and security by restricting block validators to known and trusted entities. The EVM-compatible Layer1 structure enhances scalability and achieves interoperability with mainstream blockchain ecosystems. A separate Qitmeer Network Mixnet uses MEER-M as its gas token for transaction fees, obtainable by bridging from other chains or purchasing through thirdweb.

What makes Qitmeer Network unique and valuable?

Qitmeer Network differentiates itself through its MeerDAG consensus protocol and hybrid BlockDAG design, which target the blockchain "Impossible Triangle" of scalability, security, and decentralization. Its combination of Layer1 + Layer2 architecture with UTXO data format and EVM compatibility positions it as infrastructure for both value transfer and decentralized applications. The emphasis on Proof of Authority networks makes the platform enterprise-friendly, with predictable gas fees that allow businesses to plan and budget effectively, plus energy efficiency that aligns with global sustainability priorities. Robust security is maintained by limiting block validators to known and trusted entities. According to the project's Medium page, Qitmeer Network has closed 8 partnerships across AI trading.

What is Qitmeer Network used for?

MEER is the native currency of the Qitmeer Network mainnet and is used to pay transaction fees and participate in the network economy. MEER is also used within the network's asset issuing mechanism, which requires the reserve of native currency — a design the project describes as in line with core ethical financial values. The project positions itself as next-generation payment network infrastructure, with the Meer Network component serving as the value transfer layer of the Layer1 + Layer2 architecture. Because the network is EVM compatible, developers can deploy business-grade decentralized applications on it, and MEER functions as the gas and utility token within that environment. A distinct token, MEER-M, is used as the gas token on the Qitmeer Network Mixnet. MEER is the native token of the Qitmeer Network mainnet (Chain ID 813); some listings also describe it as a BEP-20 token, so confirm which network version you hold before choosing a wallet.

How Is the Qitmeer Network ecosystem developing?

The Qitmeer Network ecosystem is anchored by Meer Labs, which describes the project as empowering business-grade decentralized applications with MeerDAG and POA Networks. Meer Network handles value transfer within the Layer1 + Layer2 architecture, and the Qitmeer Network Mixnet extends utility through MEER-M. The network supports low-cost deployment of wallets, browsers and other DeFi tools, and through liquidity pools and liquidity provider tokens it plays a role in enhancing liquidity; various dApps have been developed and deployed, and a testnet has been successfully launched. Qitmeer Network has a dedicated ecosystem category tracked on CoinGecko, and official announcements are published at qitmeertalk.org, with community channels on Telegram (t.me/qitmeernetwork). According to the project's Medium page, Qitmeer Network has closed 8 partnerships across AI trading. MEXC announced the delisting of the MEER trading pair effective September 7, 2026; the project described this as "not the end, it's a new beginning." Development progress is documented through Medium reports, including a 2023 Annual Report and monthly updates for December 2023 and January 2024, alongside a Community News section on the official website covering developments such as exchange listing changes.

How to mine Qitmeer Network?

Qitmeer Network's base layer uses a classic Proof of Work consensus with a UTXO data model, combined with hybrid BlockDAG technology. The proprietary MeerDAG protocol shortens block confirmation to seconds and processes up to 4,000 transactions per second. Proof of Authority (POA) networks are leveraged as a foundation for business-grade DApps, and an SPoS (Stake Proof of Stake) mechanism is incorporated within the ecosystem. The base layer uses classic Proof of Work with a UTXO data model, while POA networks are used for business-grade DApps and an SPoS mechanism is incorporated within the ecosystem. Users seeking exposure to the network's utility tokens should note that MEER-M on the Mixnet can be obtained by bridging from other chains or purchasing through thirdweb.

How to keep your MEER Coin safe?

To keep MEER safe, always use the same network on both the sending and receiving platform, because sending funds through the wrong network can result in loss of funds or require exchange support recovery. Store your tokens in a wallet that supports the Qitmeer Network mainnet or the BEP-20 standard, depending on how you hold them. Before transferring large amounts, verify the Chain ID (813) and the correct RPC endpoint, and double-check addresses carefully. Keep your private keys and seed phrases offline and never share them. The circulating supply of 90,436,488 MEER is self-reported by the project; CoinMarketCap states its team has not verified this figure. Rely on official sources such as the Qitmeer website, GitHub, and Medium for accurate information.

Risks and considerations

MEER's price is subject to market volatility, and the value of the token can change significantly over time. Regulatory policies for cryptocurrencies vary by jurisdiction and may affect access to the network or its trading venues. Technical risks include smart contract vulnerabilities, network upgrades, and the possibility of disruptions to the Layer1 + Layer2 architecture. The delisting of the MEER trading pair by MEXC, effective September 7, 2026, may reduce liquidity on that venue. Readers should treat project claims, including performance figures and partnership counts, as the project's own statements rather than independently verified facts.