Website

Melonport (MLN)

ICO

Last updated: May 04, 2018

Melonport is the private company building the open-source blockchain-based Melon protocol for asset management. It enables participants to set up, manage and invest in digital asset management strategies in an open, competitive and decentralised manner

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Overview

Project industry	Blockchain Infrastructure
Founded	Switzerland
Whitepaper	Open

Technical details

- Blockchain based protocol built on the Ethereum platform - MLN (Melon token) is a core component of the Melon project. It is designed to enjoy a “usage right” to the Melon protocol - All MLN that are paid by Users to access Melon will go into a smart contract called a “Multichain fund”. The purpose of this fund is initially to secure trustless connectivity to other blockchains as well as redeploying the melon protocol - Shares of the portfolio will be represented by a smart-contract following the Ethereum token standard (ERC 20)

What is Melonport

The protocol allows you to do next things: - Set up portfolio structures using a collection of smart-contracts - Manage digital assets within the pre-defined parameters selected by the Users portfolio structure - Build an auditable, visible track record with virtually no setup costs and minimal variable costs - Invest in other portfolios, or have others invest in yours

Details

Public sales: Feb 14, 2017 - Mar 13, 2017
Raised: 2,900,000 USD

Legal

Registration country: Switzerland

Token info

Ticker: MLN
Token price in USD: 1 MLN = 5.83 USD
Accepted currencies: ETH
Token distribution:
A maximum of 1,250,000 MLN (Melon tokens) will be created before the protocol is deployed to the live network. Of them 1,000,000 MLN will be distributed through 2 rounds of an Initial Coin Offering (ICO). First ICO: 750,000 MLN in total will be created by the contribution smart-contracts this February. 600,000 of these will be tradable, 150,000 of these will be non-tradable for a period of two years (or until the deployment of Melon in its entirety). 500,000 Melon tokens will be on sale to the public. 100,000 tradable Melon tokens will be created for Melonport to be used at the company’s discretion. 150,000 non-tradable Melon tokens will be created for Melonport Founders, Advisors & Corporate Partners. All tradable tokens will be tradable after the end of the contribution period (at 4 weeks). Second ICO: 500,000 tradable Melon tokens will be created at a future date expected to be in Q1-Q2 2018. Melonport will set the price closer to the time of the sale. No other tokens will be created until the launch of the protocol and after that, they will be created by inflation only. After deployment of the MELON PROTOCOL, up to a maximum of 625,000 of new MLN TOKEN will be created per year through inflation to incentivise maintenance, further development and governance of the MELON.