Melon (MLN) Price

The Melon Protocol is an autonomous blockchain protocol for the Ethereum platform. It is a collection of smart contracts. It is used for cryptocurrency asset management by way of decentralized applications. MLN is the cryptocurrency of this platform.

The Melon Protocol is an autonomous blockchain protocol for the Ethereum platform. It is a collection of smart contracts. It is used for cryptocurrency asset management by way of decentralized applications. The cryptocurrency of this platform is called Melon coin (MLN). MLN is also known as the Melon Token.


Melonport AG, the company that is responsible for the Melon cryptocurrency is a private company that was founded in Zug, Switzerland in 2016. It is owned by Mona El Isa and Reto Trinkler. The Swiss company made an announcement in November 2016 in which it declared a project to create a fund. This fund was to be used for the management of digital assets on the Ethereum platform. The company completed the preliminary sale of coins on 15 February, 2017. The first round of the initial coin offering (ICO) has been completed. The second round is expected to take place in either the first or the second quarter of the year 2018. Both the ICOs will be crowdfunded and according to the company, all the funds collected will be used to further the development of the Melon Protocol. This is expected to last two years. The protocol is then to be used in Ethereum’s public blockchain. The plan is to eventually make this protocol available to all blockchain platforms.

What is Melon?

The cryptocurrency coin of the Melon Protocol is called Melon coin (MLN). It is also known as the Melon Token. This coin forms a core component of the Melon project. It is required in order to be able to take full advantage of the Melon protocol. The coin is designed to obtain a “right of use” for the Melon protocol. This is comparable to a usage fee that is levied elsewhere. In practice, a fee is levied on transactions in trading. Or in simpler terms, the coin is to be used in order to pay a tax in order to make use of the exchange facility.

All cryptocurrencies require demand in order to be traded at higher values and in increasing volumes. It is the same with Melon coin. The coin required high frequency trading in order to have a higher demand and thus a higher value. When users pay for access to the Melon protocol, all their coins (used as payment) will be forwarded to one or more smart contracts, all of which are combined in the management fund. The coins will be owned by people who can vote on how the management fund is to be used. New coins are generated in fixed quantities. These are then used for the distribution of the most-used modules.

The Melon Token works as an incentive for users. The more the users make use of the network, the more they are rewarded. The rewards gives the users the opportunity to exercise their voting rights with regard to the monetary policy and the technical design of the network. Since the token by itself is a smart contract, the entire rewards system works through smart contracts. The token can be used for contributing, participating in, and paying people within the Melon Protocol ecosystem. Since the Protocol is based on modules, you can pay a fee or pay for a service and in return get a module or contribute a module to the ecosystem.

There is a also a concept called “vault.” Each fund structure consists of a non-negotiable “vault” and a optional “modular” element. Since all Melon funds have a standard form of the vault, it allows for the real-time calculation of funds in addition to facilitating audits. Since the vault is standard, it acts as a base or foundation for the modules in the ecosystem. Thus, each module can be built on top of the other without worrying about compatibility issues. While the possibility of hacking attacks on the vault is not diminished, the probability of damage or loss is reduced owing to the high level of security that is assured by the design of the vault.

Where to buy Melon?

Melon coins can be bought on changelly (a website in which you can buy and exchange cryptocurrencies).

Melon wallet

The Melon Token does not require a separate wallet, an Ethereum wallet will work. This is because the Melon Protocol is based off the Ethereum network and Melon coin can be exchanged for Ethereum tokens.

Melon Token mining

Module developers are incentivised through the payment of transaction or usage fees by the use of a preset amount. Initial coin offerings or ICOs are also a way to acquire Melon coins.

Melon price trends

As of the second week in the month of  April 2018, Melon coin was worth over $40.00 (USD). This is quite a high price compared to certain other cryptocurrencies but this too was worth over $240.00 (USD) in the initial weeks of January 2018. Melon coin is dependent on high frequency of trading in order to establish a supply and demand pattern. In addition, it is also subject to market volatility as with all items that are traded. Therefore, the prices of Melon coin have varied a lot and the table below indicates as such using historical data that has data from December 2017 when the price of Melon coin initially spiked:

DateOpenHighLowCloseVolumeMarket Cap

Risks associated with Melon coins

The risks associated with trading in cryptocurrencies is akin to the risks associated with trading in the stock market. As with everything, the investment that you make in cryptocurrencies is subject to market risks. From the table given previously, it is clear that the value of the currency has fluctuated a lot, sometimes over a period of time, sometimes even within a single day. Yet another point to be noted is that the value of Melon coin peaked in December 2017, January 2018. This was a boom period for all cryptocurrencies. Then, the value dropped steadily to arrive at the current rate. This indicates a high volatility. Also, governments have banned or are in the process of banning cryptocurrencies owing to the fact that there are no regulations concerning cryptocurrencies for the time being. Some governments are considering restrictions on cryptocurrencies in general. In light of such developments, it is not clear to what extent cryptocurrency values will appreciate.

Instead, when considering investments for the long-term, it is advisable to look at traditional avenues like mutual funds. It is strongly recommended that one look at proven mutual funds that have shown a good return on investment over a period of time. Investing a little amount every month in such mutual funds would show a better return compared to the chance that one will have to take with cryptocurrencies.


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