[ANN] 2 Billion unsold MED token is BURNT today

MED token is burnt as of Jan 20, 2018 / 16:00 (UTC+9)

MediBloc, patient-centric healthcare information platform, had successfully ended its token sale on Dec 15 2017, surpassing our soft cap.

MediBloc team had decided to burn unsold tokens in order to solidify the foundation of our project and protect the interest of token sale participants. The exact amount of unsold MED token was 2,033,615,900 MED, roughly around 20% of total MED supply. As of 4pm January 20th, 2018 (Korea time), the unsold MED token has been BURNT as announced before.

There will be no return once we burn all remaining tokens, so the team at MediBloc was extra cautious in this process.

Total of 2,033,615,900 MED has been transferred to a Quantum Hex address equal to 0000000000000000000000000000000000000001 in two separate transactions. Transaction IDs for the two transactions are as follows.

Transaction 1: b620452ba17916f25532c1ef13953868b54c09f7b9762760a35c2a9552166d77 (10 MED transfer)

Transaction 2: 5ce5208dbf9532f73dbe54b3086cd97b47b759daf6f12861970069bad2414002 (2,033,615,890 MED transfer)

The status of Quantum Hex address 00…01 that holds all the burned MED token can be confirmed through Qtum Explorer.

MediBloc will always do our best to firmly stand by our words. Please continue to support us in our journey to reinventing the healthcare industry.

<MediBloc Team>