Melonport Blockchain Software for Asset Management - Ethereum Platform
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. Read the Melon Protocol Green Paper for a full detailed description of how it will empower its users and evolve digital asset management.
-$15.0B Total market capitalisation of the digital asset market today
-700 Coins, Tokens and Cryptoassets currently in existence, spread across a multitude of unconnected platforms
-1st One of the best performing asset classes over the last few years
Our usage token is called Melon token [MLN] and is a core component of the Melon project. It is designed to enjoy a “usage right” to the Melon protocol. To use the Melon protocol one has to use MLN token. This “usage fee” will most likely be imposed on trading. All MLN token that are paid by Users to access Melon will go into a smart contract called a “Multichain fund”. The purpose of this fund is to secure trustless connectivity to other blockchains as well as redeploying the Melon protocol to other blockchains with different properties. Making it in effect a multichain capable software for asset management. A maximum of 1,250,000 MLN will be created before the final version of the Melon protocol is deployed to the live network. Following the live deployment, a fixed amount of new token will be created periodically and be distributed towards the most widely used Modules of the Melon protocol. This incentivises maintenance and development of the Melon protocol even after its final version is deployed to the live network.
The Melon protocol allows digital asset managers to use blockchain technology to automate a lot of processes using code embedded in smart contracts.
The Melon portal is an interface or portal to the Melon protocol. Its main objective is to make the interactions with the Melon protocol as easy as possible. Contact us to become an early tester of the portal.
Email: [email protected]
Open-source and Transparent
Asset management track-records are transparent and auditable by everyone everywhere at any time. Easily grow and share your reputation in the asset management space.
Modular and Inclusive
Melon is built from the start to be ever-expandable and flexible. A modular framework for easily adding new functionality and features in a permisionless way that rewards developers.
Lowers Costs and Time
By using blockchain technology, fixed and variable asset management costs as well as time requirements are drastically reduced. This enables a never-seen-before competitive environment for asset management strategies.
Decentralised and Reliable
By having decentralised storage and execution one can mitigate some of today's real world inefficiencies such as custody, counter-party and settlement. Melon creates a true alternative to traditional asset management.
How to Participate in our Tokensale
1.Connect to the Ethereum Blockchain
a) Install MetaMask and
b) Create an Ethereum Address
2. Using Parity/Mist
a) Install and run ParityMist and
b) Create an Ethereum Address
2. Fund your Ethereum Address with some Ether
1. Using other crypto currencies
Use for example: a) Coinbase or
b) ShapeShift to Convert your crypto currencies into Ether.
2. Using fiat currencies
a) For non-technical people it is recommeneded to use BitcoinSuisse which can allocate your fiat currencies to Melon on your behalf.
b) Or use a centralized exchange to convert your fiat currencies into Ether
3. Contribute to the future of finance
1. Visit our decentralised application
a) Use MetaMask together with Chrome or
b) Use Mist to Browse to our DApp
2. Send Ether and become a part of Melon
Use this decentralised application to send Ether to Melon
Melon Contribution Tutorial
[THE CONTRIBUTION CONTRACT HAS HIT THE ETHER LIMIT, NO MORE TRANSACTIONS WILL BE ACCEPTED]
MLN TOKEN Contribution starts February 15th at UNIX 1487156400
=> 15/02/2017 @ 11:00am (UTC) / 12:00pm (CET)! Do not send any Ether before the start of the contribution period!
Important Notice: If you created a signature before February 14th 11am CET, please generate a new one to participate in the contribution period. If you use an old signature with your transaction the transaction will get rejected by the contribution smart contract and any Ether sent will be returned.
Hello future Melon Protocol User! This post will guide you through the process of contributing Ether during the MLN TOKEN contribution period.
Please read this thoroughly before making your contribution;
This guide is for educational purposes only.
Before starting, go to contribution.melonport.com:
- Make sure you understand the Melon project before you contribute. Read the Melon Protocol Green Paper , the Melon Specifications document and the Melon Contribution terms before going any further (see contribution web page)
- Confirm that you are not a US citizen (or acting on behalf of a US citizen)
- If your contribution is successful, you will be receiving MLN tokens which represent a limited usage right to the Melon protocol.
- Make sure that you understand you are not receiving equity in Melonport AG in exchange for your contribution.
By ticking the boxes and providing your ethereum address, you are confirming that you have read, acknowledged and agreed upon all of the terms and conditions.
Ether will be the only cryptocurrency that the contribution smart-contract will accept.
DO NOT send Bitcoin or any other cryptocurrency to the contribution Smart Contract address.
DO NOT send Ether (or any other cryptocurrency) to any addresses that may show up in the videos or images below as they may be addresses taken from a test contract.
DO NOT send Ether to our contribution Smart Contract address directly from an exchange or a hosted wallet (Coinbase, for example). You will not be able to access your MLN tokens.
THE ADDRESS FOR THE CONTRIBUTION SMART CONTRACT SYSTEM IS:
You can view the verified Melon Smart Contract System on EtherScan
Ethereum Account 0x3bf541f87056d134e0109be1be92978b26cb09e0 Info
Contract Source Code Copy Find Similiar Contracts pragma solidity ^0.4.8; /// @title Assertive contract /// @author…etherscan.io
*** DO NOT SEND ETHER TO ANY OTHER ADDRESS ***
Part 1: Contributing via the following wallets (Parity, Mist, MetaMask or MyEtherWallet)
Here is a list of wallet providers we have chosen to integrate:
WARNING! PLEASE ONLY USE THE SUGGESTED WALLETS ABOVE (Parity, Mist, MetaMask or MyEtherWallet):
Parity wallet (use the Parity Browser to take part in the contribution period):
Transaction queuing on Parity:
Feel free to test your generated signature on the ropsten testnet deployed at address:
(Do NOT send real Ether to this address!!!)
Mist (use the Mist browser to take part in the contribution period):
Contribution using Mist:
Contribution using the following wallets is also possible:
MetaMask (use the MetaMask Chrome extension to take part in the contribution period):
MetaMask is a bridge that allows you to visit the distributed web of tomorrow in your browser today. It allows you to…metamask.io
Not used MetaMask before? Try this explainer from CryptoCompare — https://www.cryptocompare.com/wallets/guides/how-to-use-metamask/
MetaMask should automatically specify the correct amount of gas
For my EtherWallet, once you have signed on the contribution page, you will need to go back to MEW and attach a data string to your transaction or your Ether will not be accepted (see below — in MEW on the “Send Ether & Tokens” page, click “+Advanced: Add Data” under the gas limit field to add data). This data string is generated once you have signed on the contribution web page (see below).
Remember to specify a gas limit of 100000!
Adding data to the transaction on MEW
Be sure to check you are using the correct address in all instances!
Part 4: Check your contribution has gone through!
You can view your transaction to the Melon Contribution Smart Contract System on Etherscan: https://etherscan.io/address/0x3bf541f87056d134e0109be1be92978b26cb09e0
Part 5: Watching your MLN Token
You can add the data below into your wallets (Parity does this automatically!) to “watch” your MLN tokens. The MelonToken Contract has been verified on Etherscan — https://etherscan.io/address/0xBEB9eF514a379B997e0798FDcC901Ee474B6D9A1#code
For Mist/Ethereum Wallet, go to “Contracts” then scroll down, click “Watch Token” to add MLN.
For MyEtherWallet, choose the “Send Ether & Tokens” tab, select the wallet file/private key you used in the contribution and unlock your wallet, then click the “Add Custom Token” button on the left and add MLN.
For MetaMask, you can go to https://wallet.ethereum.org/ and follow the steps for the Ethereum Wallet.
Token Contract Address: 0xBEB9eF514a379B997e0798FDcC901Ee474B6D9A1
Melon Token Name: Melon
Token Symbol: MLN
Decimal Places: 18
Part 6: Troubleshooting Q&A
Q: This has all gone terrible wrong! What do I do?
A: Join us on the Melonport Slack chat and we’ll endeavour to solve your problem together.
Q: I made a transaction and my Ether was returned, what happened?
A: The limit for the pre-sale has likely be reached! Sorry you were not able to participate this time.
Q: What is the total Ether cap on this contribution period?
A: 227000 ETH
Q: How much should I set my gas limit when contributing?
Q: How soon after my contribution will MLN tokens be allocated to be and transferrable?
A: MLN tokens will be allocated upon contribution. However, they will only become transferrable at the e
of the four week contribution period.
Melon Token Launch
Hello future Melon Protocol User!
The Melon Contribution Period will soon be over (12pm CET, March 15th, 2017) and your Melon tokens will be unfrozen.
This post will guide you through the process of interacting with your Melon tokens created during the Melon Contribution Period.
Please read this thoroughly before accessing your tokens.
This guide is for educational purposes only.
Recap — What are Melon tokens?
The Melon token “MLN” is a core component of the Melon protocol (that is being built by Melonport), and is designed to provide a “usage right” (usage license) to the Melon software. The Melon token follows the ERC20token standard, and is available only on the main Ethereum blockchain.
Where can I find my Melon tokens?
Your Melon tokens will have been distributed by the Melon Contribution Smart Contract System to the same address you used during the Melon Contribution period.
If you sent X Ether from the (hypothetical) account 0x005f7b35e60913cF95s3F1231Cb93B5700A116a6 to the Melon Contribution Contract, that “0x005f7…” address will have received Y Melon tokens back from the Contribution contract.
How can I see my Melon tokens?
Some Ethereum clients like Parity automatically identify any Melon tokens held in your account, so you will see them without any additional effort on your part.
Others, such as Mist, Ethereum Wallet, My Ether Wallet and MetaMask for example require you to add in the appropriate data to “watch” any ERC20 tokens held in your account. This data can be found below under “Token Data”.
The MelonToken Contract has been verified on Etherscan — https://etherscan.io/address/0xBEB9eF514a379B997e0798FDcC901Ee474B6D9A1#code
For Mist/Ethereum Wallet, go to “Contracts” then scroll down, click “Watch Token” to add MLN, then add in the data below.
For MyEtherWallet, choose the “Send Ether & Tokens” tab, select the wallet file/private key you used in the contribution and unlock your wallet, then click the “Add Custom Token” button on the left and add MLN using the data below.
For MetaMask, you can go tohttps://wallet.ethereum.org/ and follow the steps for the Mist/Ethereum Wallet.
Token Contract Address:
Melon Token Name:
Q: I can’t see any Melon tokens in my account?
A: Check your client is fully synced. If there are still no tokens, check you have entered the correct token data into your Ethereum client. If there are still no tokens, check you are using the address you used during the Contribution Period. If there are still no tokens, check your transaction with the Melon Contribution Smart Contract System was accepted. If there are still no tokens, try a different client than the one you are using and check again. If then you still have issues, join us on the Melonport Slack.
Q: Where can I trade my Melon tokens?
A: Any exchanges or platforms who wish to engage in Melon token trading will make their own announcements.
Q: Why can’t I send my Melon tokens to another account?
A: Melon tokens can be sent to other accounts starting 12pm CET (11am UTC) on the 15th of March, 2017. Until that point, they are frozen in the account that was used to generate them by sending Ether to the Contribution Smart Contract System.
Melonport The Melon [MLN] Protoco
Melon protocol v0.1 released
This release contains the following modules:
- Data Feeds
- Risk Management (function signatures)
- Fees (Management and Performance)
- Participation (function signatures)
This release contains the following infrastructure additions:
- Governance (v basic version which tracks all created portfolios)
- Version (of Melon protocols)
- Premined Assets
This release contains the following highlights:
- Share price calculation via simpler math formula (makes accounting independent of running price feed)!
- Creation and Annihilation of shares independent of a running price feed!
- Creation and Annihilation of shares independent of current share price calculation
- Annihilation of shares possible at any time by every portfolio share holder
- Generated fees of Manager are payed out entirely in Melon token
Melonport The Difference Between Protocol Tokens and Traditional Asset Tokens
By way of background, one of our biggest motivations in building the Melon protocol is the creation of an infrastructure for managing digital tokens; what we firmly believe to be a fast-emerging asset class.
In the last two years, hundreds of digital tokens have emerged. To avoid confusion we can break up “digital tokens” into two broad sub-groups;
Protocol Tokens (PTs)= Digital tokens that are governed by a coded
protocol. The rules of the protocol are enforced by the underlying
blockchain technology. They are generally not linked to any
“centralised” entity or any “traditional” real-world assets.
Traditional Asset Tokens (TATs)= Digital tokens that represent a “traditional” asset, such as fiat currency (e.g Tramonex’s ERC20 GBP on Ethereum, Decentralised Capital’s ERC20 Euro) or precious metals (Digix’s ERC20 token representing gold for example). These assets are still dependent on traditional financial and legal systems.
It is important to distinguish between these two sub-groups because they
will have different properties over time. Protocol tokens benefit from a
very interesting collection of properties which is why we believe they
will soon be a critical element in the achievement of diverse portfolio
“Harry Markowitz called diversification a “free lunch.” We spend all our time in intro. econ. figuring out there is no such thing as a free lunch but Markowitz tells us that diversification is a free lunch. “ — Open Yale Courses
Harry Markowitz — 1990 Nobel Memorial Prize winner in Economic Sciences. The secret to great portfolio management is good diversification and uncorrelated returns. It is hard to find back-tested data on protocol tokens, so we can use the chart below to illustrate that even against asset classes which are considered “safe” such as gold and U.S Government Treasuries, protocol tokens have a surprisingly low correlation.
Seeking Alpha — https://seekingalpha.com/artic...
Some of the reasons for protocol tokens having low correlation to other asset classes come about from their independence from today’s financial system. They are bound by the rules of their underlying protocol, which is supposed to be “un-corruptible”. As such, they are not so exposed to any hidden erosion in value (eg. Quantitative Easing) or traditional financial risks that have emerged over the years in financial markets.
The way that Traditional Assets are being tokenized — the processes
involved, how they then connect back to the “real world” — is
intriguing, and clearly part of a growing trend.
The underlying asset of a Traditional Asset Token is typically a “real
world asset” which is governed by one (or more) centralised party but exists independently of the token’s existence on a blockchain.
Adding traditional assets onto blockchain technology requires for them to first be held in custody by a centralised party. They can then be tracked via an issuance of tokens which represent the ownership of assets on chain with the security guarantees that blockchains provide. Trading and settlement can happen in a matter of seconds and at minimal cost (compared to t+3 + high fees, for example) due to the underlying technology. In theory, these assets are also divisible into smaller units, and as a consequence become more easily accessible.
We are primarily building “Melon”, as an infrastructure to set up and manage funds built around protocol tokens — an asset class which we fundamentally believe will have a place in every single diversified portfolio ten years from now.
Traditional asset tokens are a newer trend — Assets in the real world are fast becoming tokenizes through a variety of novel and innovative mechanisms. Some examples include art (Ed Fornieles), music (Ujo Music), intellectual property, equities (Overstock & Otonomos), fiat currencies (Santander), real estate (REIDAO) just to name a few examples.
If you believe (like we do), that traditional asset tokens are also an emerging asset class, it will then be possible one day to apply the Melon protocol to that asset class too, enabling traditional asset managers to save costs and pass them on to their investors. In theory, there is no reason why you can’t run a truly diverse portfolio across the full spectrum of all these assets in one Melon portfolio with the efficiencies that come along with it!
This idea is incredibly exciting to us as a means of democratizing asset management and allowing a deeper talent pool to rise, enabled through great technology. Hundreds of trillions of dollars worth of assets around the world now have the potential to be tracked, trusted and traded on your favourite blockchain, and perhaps even sooner than you can imagine!
Mona El Isa
Former star-trader at Goldman Sachs, promoted to Vice President by the
age of 26 and made the “top 30 under 30” list in Trader Magazine in 2008
and Forbes Magazine in 2011 after profitably trading the 2008 and 2011
crashes. Moved to Geneva-based macro fund Jabre Capital in 2011, before
deciding in 2014 that the future of finance lay in blockchain
technology. She studied Economics & Statistics at the University
College London. Today, Mona is the CEO and