Upbit Announces Changes to Magic Eden (ME) Circulation Plan… "Slight Decrease in Circulation Expected in March"
Minseung Kang
- Upbit announced changes to the circulation plan for Magic Eden (ME).
- The token circulation for ME in March is expected to decrease by 1,438,266 units from the original plan.
- Magic Eden explained that such circulation changes are expected to have a minimal impact on the token's value.
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The domestic virtual asset (cryptocurrency) exchange Upbit has announced changes to the circulation plan for Magic Eden (ME).
On the 6th, Upbit stated, "Upbit discloses information on circulation plans and any changes provided by the project team," adding, "We are informing you of the changes to the circulation plan at the request of Magic Eden."
According to the revised circulation plan, the ME tokens were initially expected to circulate 211,690,772 units in March, but this will decrease by 1,438,266 units to 210,252,506 ME.
Magic Eden explained, "The change in circulation may be due to the end of employee compensation, salary increases, and bonus adjustments," but also noted, "Such changes are considered insignificant compared to the amount of tokens in circulation."
Meanwhile, ME is the ecosystem token of the major NFT marketplace Magic Eden.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.PiCK News
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