Hello, this is the MediBloc team.
MediBloc strives to provide stable and innovative services in the healthcare industry by leveraging the latest blockchain technology. Our goal is to enhance the value of the Panacea network and further assist individuals in reasonably accessing high-quality healthcare services.
To ensure the stable operation of our business, the MediBloc team plans to liquidate some of the MED held in reserve. The liquidation funds will be used for the payment of taxes imposed based on the results of the tax audit conducted in 2023, as well as for the expansion of the service network through the pursuit of new business ventures. As a result, there will be changes in the circulation of MED, and we would like to inform you accordingly.
For more details, please refer to the information below.
- Daily Trading Volume: Up to 10,000,000 MED
- Average daily trading volume of MED (for the 30 days preceding January 10, 2024): USD 2,390,905
- Trading volume ratio: 5% (based on the average closing price of $0.0126 for the 30 days preceding January 10, 2024)
- Trading Period:
- January 29, 2024, to March 31, 2024 (63 days)
- Total Amount: Up to 500,000,000 MED
- Expected total supply increase by March 2024: 500,000,000 MED
- Approximately 6% increase in total circulating supply by the end of March 2024
- Purpose of liquidation:
- Tax payment resulting from the tax audit conducted in 2023
- New business initiatives
- Support for business collaboration with world-class new K-Beauty medical institutions to provide a quality user experience
- Planned special services or benefits for MED holders utilizing the mentioned medical institutions
This change in circulation is an unavoidable measure to address unexpected tax liabilities resulting from the recent tax audit. We kindly request the understanding and broad support of the community as we aim to relieve this financial burden and continue to provide more innovative and stable services in the future.
However, please note that this circulation change may be suspended at any time at the discretion of the MediBloc team. In such a case, the MediBloc team will immediately notify the exchange and official website.
We look forward to your continued support and interest in the future.
Best, Medibloc team