Melonport ICO (MLN)

Blockchain software for asset management


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

Software
Ended
Token MLN
Raised $2,900,000
Country Switzerland
ICO Start Date 15 Feb 2017
ICO End Date 16 Feb 2017

About Melonport

The open-source Melon protocol will enable distributed digital asset management on the Ethereum blockchain. Anyone can set up, manage, and invest in digital assets. Performance is easily demonstrated and audited. You can invest in other portfolios or have others invest in yours. The core software will support trading multiple tokens through a single interface, while add-on ‘modules’ will open features like price feeds, risk calculation, and KYC compliance.

In traditional finance, hedge funds manage assets smartly on behalf of others. However, the fledgling crypto-finance industry lacks the technological infrastructure to keep performances auditable, secure, and as frictionless as possible. To solve this, they have created the Melon protocol.

Migrating hedge funds to a blockchain also brings many benefits to the hedge fund industry itself. These include the following and broadly amount to lowering the barrier of entry for hedge fund management:

More transparency of fund performance, which would help in identifying poor performers
Reducing overhead costs (for auditing, booking, reconciliation, settlement)
Smaller up-front capital costs supports smaller funds, which themselves predict higher returns
A leaner and more diverse hedge fund industry could allow smaller investors to participate
This could help a fund-management industry emerge for existing crypto-assets and support existing traders who are migrating traditional assets to blockchain tokens. The protocol will be useful for managing one’s own funds too.

Team

Reto Trinkler member of Melonport ICO
Reto Trinkler
Chairman & Co-Founder
Mona El Isa member of Melonport ICO
Mona El Isa
CEO & Co-Founder
Simon E. Schmid member of Melonport ICO
Simon E. Schmid
Head of UX/Front-End
Ahmad S. Afandi member of Melonport ICO
Ahmad S. Afandi
Head of Design
Jenna Zenk member of Melonport ICO
Jenna Zenk
Front-End Developer
Travis Jacobs member of Melonport ICO
Travis Jacobs
Blockchain Developer

Milestones

Financial

Token Sale Info
Token MLN
Tokens for Sale 750000
Investment info
Accepting ETH
Raised $2,900,000

Others in "ENDED ICO"