When will MED Coin be launched (Meme Coin circulation)?

When will MED Coin be launched? According to med.network, as of 6th April, 18:00, the launch date of MED Coin is still unknown. According to the official website, Medcoin is the world’s first decentralized digital asset investment fund project based on blockchain technology, jointly developed by Singapore. The project aims to enhance the value of cryptocurrency by expanding its investment methods and application scenarios based on traditional financial markets. Currently, multiple well-known overseas exchanges, including OKCoin, have opened this project.

It is reported that MED Coin is a token issued by the med.net team, named medBTC. The total supply of medBTC is 10 million (1 hard drive produced for every 10 units), of which 50% is used for repurchase and destruction, 30% is distributed to the foundation, and 10% will be used for memo incentive mechanism to promote the development of the meMO ecosystem. 20% will be deflated in Q3 2020 and reserved for market-making mining.

Meme Coin circulation

According to reports, based on on-chain data statistics, the circulation of meme coins reached 100 million in 2019. Among them, over 80,000 tokens have an average issuance rate of more than 10%, currently accounting for only 3% of the total supply (approximately 900 million USD). In addition, as of the time of writing, the total market capitalization of memocoin (meme) is 1.6 billion USD. It generated a trading volume of 400 million USD throughout 2019, with 300 million USD distributed by centralized exchanges and another 200 million USD from centralized exchanges (CEX). The total transaction volume of memex reached 600 million USD, currently accounting for about 4% of the circulating supply. (decrypt)