Meridian Weekly Update #3
Hey guys! We hope you had a great Christmas, and would like to wish you all the best for the coming New Year.
Being just days away from 2018, we thought that it would be vital to release the official date for our upcoming token burn.
Token Burn
Thank you very much for supporting Meridian. As we have announced on our social media platforms, we will be conducting a burn of 74,600,000 MDN tokens that were unsold during our ICO.
Post burn, Meridians’ total supply will be reduced from 125,000,000 MDN to approx. 50,400,000 MDN — which represents a supply contraction of greater than 59%.
The Meridian Token burn will take place on January 7th 2018!
We have made this decision to ensure fair distribution and, ultimately, to prevent value dilution.
By decreasing the supply and working within the scope of our roll-out strategy, we are optimistic that the foundation is now set for Meridian to perform at the highest possible level after exchange placement.
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
Really cool to have a fixed date for the token burn. Thanks for the constant heads up and a happy new year looking forward to the release