Meridian Weekly Update #4
Making good on our promise — in response to the final amount of tokens sold during our ICO we have reduced Meridians' total supply from 125,000,000 MDN to 51,000,000 MDN.
This represents a near 59% supply contraction.
In doing this the foundation is now set and strengthened for Meridians’ upcoming exchange roll out.
Ultimately — distribution is now much more evenly spread, and will grow to become even more evenly distributed once MDN tokens become more readily available to users after exchange placement.
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FhgdopJO.png&t=651&c=cgyPzJ0ZT1Npdg)
New Contract Address
The previous contract address is now invalid.
We advise you to remove the previous contact address from your token watch lists.
Please make note of your new official contract address:
0x550879F1778b575DDC8EB2095fBC9f4783b5f2F6
To ICO Participants who currently hold MDN tokens, you do not need to do anything.
We will be sending an identical amount of new Meridian tokens to the addresses in which your current tokens are held.
This process will be completed within 48 Hours.
Again, you are advised to unwatch / remove our old contract address.
Bounty Participants
Live trading of Meridian is due to commence at the end of this month.
We’re glad to confirm that Bounties will be distributed 7 Days post exchange placement.
There has been speculation as to whether, or not, bounty rewards will be adjusted or — if there will be some form of deviation from the figures listed in our bounty campaign spreadsheets.
We can confirm that Bounties will be delivered as promised, and as advertised — without any significant or, insignificant, adjustment in the ‘amount’ of tokens rewarded to participants.
As we are drawing closer to the end of the month, we look forward to publishing the official bounty distribution dates.
Until then, you’re advised to keep a close eye on all of our social media platforms for further news and information.
More Information
To learn more about how Meridian differs from the alternatives, you are invited to watch our three-minute Introduction film at https://goo.gl/VmTBbM
Learn more about Meridian at — https://myMDN.io
Access Meridian Whitepaper at — https://goo.gl/jqE7Me
Follow Meridian on Twitter at — https://twitter.com/MeridianMDN
A token burn is always good for the valuation. Should be a lot higher than ico if the working software is released simultaniously