Black Pearl S.A. - owner of the MCAN COIN cryptocurrency portfolio listed on: Latoken, P2PB2B, CoinTiger, DigiFinex, QB Exchange and Coinsbit - in accordance with the development strategy aimed at dynamic strengthening of the sphere based on the acquisition of enterprises for own cryptocurrency, and thus an increase in the value of the Company's physical assets:
- Reduced the number of MCAN COINs in circulation by 80%, thus reducing the available quantity of MCAN COINs from 5,000,000,000 to 1,000,000,000. The reduction took place through the so-called "Burning" or permanent exclusion from circulation due to overflow of 4.000.000.000 MCAN COIN to the address 0x000000000000000000000000000000000000dEaD - transaction hash: 0x7fa0d5ac5b3012a5ed5f2235db19dbab249be55c272c9ba0292ef2d11e173bef
The stock of mined / issued coins has thus been permanently reduced and limited to the maximum quantity available ("Maximum Supply") of 1,000,000,000 MCAN COIN.
2.Freezed under a new reduced quantity 1,000,000,000 another sum of 400,000,000 MCAN COIN in order to provide investors with the certainty of transactions and the utility of MCAN COIN as a digital currency based on the potential of the medical marijuana market, which is currently in line with global trends and is growing rapidly . Thus, 600,000,000 MCAN COIN out of 1,000,000,000 of which 11,687,454 MCAN COIN is at the disposal of Black Pearl SA for the purpose of acquiring other business entities and the possible sale of MCAN COIN by Black Pearl remained in use for a period of 2 years. THERE ARE to institutional investors.
The 400,000,000 MCAN COIN portfolio will be unfrozen after a minimum period of two years - with the market in advance of this intention and subject to the minimum price of 1 MCAN COIN exceeding USD 10. Setting this threshold is related to the goal - a permanent exceeding of the MCAN COIN stock market valuation set by Coinmarketcap as the target minimum market value.
To sum up, after performing the above operations, the "Maximum Supply" MCAN COIN is 1,000,000,000, including the "Frozen Wallet" 400,000,000 and the "Circulating Supply" 600,000,000.
Information is important and is of fundamental importance in the Issuer's development strategy.
https://medicancoin.com/zarzad-emitenta-zredukowal-ilosc-waluty-cyfrowej-mcan-coin/
