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Technology Regulated and Operated Funds

Melonport AG

Melonport AG was officially founded by Mona El Isa and Reto Trinkler in July of 2016. It is a fully partner-owned, private company domiciled in Zug, Switzerland. In February of 2017, the company issued 599 400 MLN tokens, raising a total of CHF 2.5 million in under 10 minutes. Melonport AG is solely responsible for the development of Melon, the asset management computer.

Melon is the first of its kind autonomous systems, designed specifically for the purposes of crypto asset management. Both its frontend as well as its backend are hosted and executed on decentralised platforms. The frontend operates on top of IPFS, while the backend leverages off a set of Ethereum smart contracts.


Governance

After delivering v1.0 of the Melon protocol in February 2019, Melonport AG will wind down and hand over the control over the governance to the Melon council. The Melon council consists of two parts: The MTC (Melon Technical Council) and the MEB (Melon Exposed Business) representatives.

Melon Technical Council: A set of technically skilled and conflict-of-interest free individuals, who have a deep expertise of the Melon ecosystem and a proven track record of high ethical standards and reputation.

Melon Exposed Business Representatives: Representatives of the users, whose businesses rely the most on the Melon protocol. This includes fund managers as well as applications and projects utilising the Melon protocol. The MEB will work closely with the MTC and serves as a balance to power.

The MTC is responsible for:
(a) Deployment of protocol upgrades
(b) Management of the set of ENS subdomains of the Melon smart contracts
(c) Allocation of resources to developers building on top of Melon
(d) Adjusting the network parameters such as the cost per amgu (asset management gas unit)

Members of the MTC will be compensated by receiving a percentage of the annual inflation of MLN tokens. These tokens will be vested in order to align the interest of the MTC members.

For more detailed information on the Melon governance model, please klick here. If you are interested to become a member of the MTC, you can apply to mtc@melonport.com

Comparison

Traditional Asset Management

The necessity for so many middlemen leads to inefficiency, high running costs, and increased operational risks at every stage.

Melon Asset Management

Melon replaces a large proportion of the middlemen with smart contracts, thus enabling you to perform the same tasks at a fraction of the cost, and with higher transparency, security, and minimised requirement for trust.

Disrupting the US$84.9 trillion asset management industry, one block at a time.

Values, Mission, Vision

Our mission is to build Melon in a way that is inclusive, reliable and transparent. Users do not need to acquire permission to set up funds on Melon. Melon is not owned by Melonport AG and Melonport AG does not take any fees; it is intended as a public good, like the internet. As a result, Melon is open-source, decentralised, free from addictive feedback loops and Melonport AG does not charge any fees for the use of Melon.

Roadmap

  1. Melonport AG was officially founded by Reto Trinkler and Mona El Isa in July 2016. It is a fully partner owned, private company domiciled in Zug, Switzerland.

  2. In February 2017, the company created a smart-contract which issued 599 400 MLN tokens and raising a total of CHF 2.5 million in under 10 minutes in exchange for the tokens.

  3. First Melon Manager Competition! This competition aims to enable users to test the Melon protocol in a safe environment with play money on the Kovan Ethereum testnet.

  4. The first blockchain for Asset Management conference kicked off in CryptoValley Zug on October 17th with an invigorating group of people

  5. The new Melon Front-End deployed on IPFS is out: you can check it out NOW (see instructions below).

  6. Melonport AG Introducing Melon Mail — A secure messaging service between managers & investors

  7. Melon(u)Port as a KYC/AML Participation module to investors in Melon funds

  8. Todd Ruppert, former T. Rowe Price Senior Executive, joins Melonport

  9. Auditing the Melon Protocol

  10. Melon Manager Competitions Begin!

  11. First fund launched on the Ethereum main network

  12. First Melon Bug Bounty

  13. Melonport’s REINVENT FINANCE Hackathon

  14. Melonport AG Awarded as Technology Pioneer by World Economic Forum

  15. Second Melon Bug Bounty

  16. Melon Olympiad begins with PAROS

  17. Building the governance system, price feed operators

  18. Melon Olympiad NAXOS and new token model

  19. Governance, Melonomics, Exchange integration, security audits

  20. V1.0 deployment