Presentation and definition of the crypto-currency Melon (MLN)
- Name of the crypto-currency : Melon
- Abbreviation : MLN
- Where to buy the Melon ? Binance
- Creation Date : March 2017
- Whitepaper Melon
- Website Melon
The system Melon
Melon is a system offering various tools for management of assets digital in a decentralized manner. The protocol is based on the platform Ethereum and on its blockchain. One can imagine Melon as a toolbox to manage its assets digital. Thus, the management system has 7 modules to be set up by the PM, the portfolio manager. These 7 modules allow you to choose the asset to trade, customize, rights, select the power supply module, to choose the places of trade in the decentralized, secure set of rules, and to calculate the management fee.
A protocol is open-source
Melon is a system that is completely free and open. In fact, anyone can create new modules or new features on the interface.
The protocol Melon uses of smart contracts, implanted in the blockchain. Initially built on the platform Ethereum, the system Melon should evolve in the future to work with other blockchains. To manage their assets, the users can define and customize a set of rules, which will be formalised within a smart contract and secure thanks to the blockchain. Management costs are thus reduced compared to a traditional organism. The system Melon, above all, ensure the creator of smart contract that the latter will only run if all the rules are respected. This rule out any issues of human error or fraud.