What is Melon?
Melon is open source protocol created by melonport on Ethereum Blockchain in 2017. The main goal of melon protocol is to unlocked decentralized management of pooled digital asset on-chain, where user can easily set up, invest and manage in customized on-chain secure and permissionless manner. Basically, network help user to create their won custom investment vehicle on Ethereum without involvement any third party.
Melon Protocol works set of smart contracts that execute different operation that include investment, financial operation, asset custody, fee distribution, accounting and other. Smart contract can be implemented with funds and can set parameter for funds, where risk management rules, investable asset. however, all asset will remain in custody with the freedom of anything unlocked or withdraw, as it also enables investor and manager to compare performance and allocation.
MLN Token created on top of Ethereum Blockchain that create bridge between worth of token and protocol uses. Basically, MLN token work as gas of asset management that enable setting, investing and claiming rewards funds on the platform. however, rewards accepted in ETH and then send it to Melon Engine Smart contract that later purchase MLN Token.
Melon Price Prediction
|Month & Year||Melon Price Prediction|
|Based on||Asset Management|
|All-time high||$270.04 USD|
|Exchange Platform||Kraken, Hoo, MXC, CoinEx, HitBTC, Bitfinex, uniswap, Kyber Network, Livecoin, Hotbit, Fatbtc.|
MLN ICO Overview
|Raised by||$2,900,000 USD|
|Date of ICO||16th February 2017|
|ICO Price||$5.8 USD|
Melon Price Analysis
Melon protocol is compatible for integrate with decentralized finance Defi Project at smart contract layer. However, project looking to add more DeFi project in future and now current they integrated with Kyber Network, 0x, Oasis. Melon was listed in early 2017 with price $38 USD, however comparing with ICO price i.e. approx. $5 USD, many early investors gain huge interest in short period. The project was launched before hype of Bitcoin and Crypto market, where it early 2018 it almost surged to $270 USD.
Will MLN hit $50?
Yes, comparing all-time highest, this projected figure 4x lesser.
How much MLN will be worth in 5 years?
Probably reaching $40 USD.
How Much MLN Worth in 2030?
Probably crossing $70 USD.
Is Melon a Good Investment?
Yes, for long term will be more beneficial.
Melon already complete 10 year of launch and also one of those projects who build before blockchain revolution, as nowadays decentralized finance-based project gaining huge popularity. melon with smart contract integration with DeFi can make bring positive factor on the ecosystem. Melon bring ease on management and other asset operation with their tool, as this will be surely evolving in future.