Upbit Adjusts MED Distribution Schedule, Circulating Supply Reduced
CryptoNewsTerminal Staff27 May, 2024
Upbit Adjusts MED Distribution Schedule, Circulating Supply Reduced
Upbit, one of the leading cryptocurrency exchanges, has recently announced changes to its distribution schedule for MED (MediBloc) tokens at the request of the MED team. This adjustment has been implemented since the first quarter of this year. As of January 31, 2024, the circulating supply of MED will decrease by approximately 28,094,402 MED, bringing the total circulating supply down from 8,397,880,269 MED to 8,369,785,867 MED. This revised distribution schedule aims to align with the project's updated token economics and support MED's long-term growth. It's important to note that the change in the distribution schedule does not affect the fundamental value or utility of MED tokens. The MED team remains committed to the development of the MediBloc platform and ecosystem. Upbit users holding MED tokens within the platform will see an adjustment in their balances reflecting the updated circulating supply. This change is expected to have a positive impact on the token's value and the overall health of the MED ecosystem.
