Melon is Ethereum based decentralized blockchain protocol that is used for digital asset management. You can buy Melon on our website, BestRate.org. It allows its users to seamlessly and transparently set up digital asset strategies and then bring them to life. The participants can set up, manage and invest in digital investment funds regulated by technology.
The Melon currency has its own protocol that represents a set of smart contracts that enable digital asset management. It is built upon Ethereum, but it will also be available on other blockchain platforms later.
The investors use the currency for the project that is called the Melon tokens (MLN).
In order to exchange Bitcoin to Aragon you need to set up a wallet for both of these currencies first. We recommend to use the wallet named Jaxx.
Set up Jaxx wallet on your PC
1. First, you need to install the Jaxx application on your PC. You can do it by the link below:
2. If you have multiple alternative currencies select the custom wallet:
3. Select the virtual currencies you possess:
4. Select the fiat currencies you possess:
5. On the next step, Jaxx will ask you if you want to backup your wallet. Agree, as this is very important in terms of security of your digital funds.
6. Jaxx will generate a mix of 12 words that are not related with each other, which makes it really difficult to remember. Write down this word set somewhere in a paper notebook or any other item that can’t be hacked via internet.
7. Type this word mix on the next step:
8. Then Jaxx will ask you if you want to set up a security PIN. Agree and proceed to the next step. Set up your 4-digit PIN-code and verify it:
That’s it, now you have a Jaxx wallet on your PC.
How to buy Melon
In order to buy Melon with the help of some other crypto currency you own, first select your currency and type the amount.
Select the Radium price rate that works best for you.
Put in your Melon wallet address. Right after that bestrate.org will generate the address for you. Copy it. Then you’ll see that the transaction was created, as its status will be displayed on your screen.
How to sell Melon
If you want to sell Melon in order to exchange it for another type of cryptocoin, first select the coin you want to buy and put in the amount. Then repeat all the steps described above.
BestRate.io provides you with the best Melon exchange rates so that you could maximize your profits.
What is Melon
Melon is an asset management platform. It is based on the Ethereum decentralized blockchain. When it first issued 599 400 MLN tokens they were all sold in 10 minutes, raising more than $2.5 mln. The developers of Melon are looking for a new way of asset management. They are working on a decentralised computer that can be used to trade and invest in cryptoassets according to any rules, that an investor sets up.
Advantages of using Melon
Your personal fund
Melon project was created to solve one big problem, accessibility of investments. And the main feature of this platform is the ability to create personal funds. You can manage them using smart contract system. You can easily create and combine different parameters of your portfolio to create your personal fund and work with it.
Trading and investing
After the fund was created, user can start using it. You can configure trade limitations, losses stops and collecting profits. This decentralized computer system will manage assets for you and will not allow you to run out of money.
Melon holders are welcomed to elect specific technical council. This group of technically educated specialists will choose the way the Melon project will progress. This helps the project to keep in touch with the community and to apply only those features that valuable for them.
Melon project has its own cryptocurrency, MLN. It is cryptographically secured and can be used as a payment method, or stored on the cryptocurrency wallets. MLN is by all means a cryptoasset.
Enthusiasts can trade or exchange their cryptoassets. To fulfill this need, there were created special platforms called Exchanges. These platforms allow you to make an exchange through their network. But there are also aggregators like BestRate.org that can show you different rates on different platforms, so you can choose the best possible rate and make a profitable exchange.
Nodes are computers that have the full blockchain list on them. They process and confirm transactions and make the whole network run without errors.
MLN can be also converted to EUR or USD. This means that we can calculate the value of the whole Melon project, simply multiplying the price of one MLN by the number of MLN coins worldwide.
Melon investment strategy
Melon project started as an extremely valuable platform for the whole blockchain community. We believe that this platform will evolve and progress. You can buy MLN tokens now and keep them on your walles. When the project grows enough so you will be satisfied by the profits, you can change MLN for any other cryptocurrency or fiat money to fix the profits.
Where to keep MLN
MLN coin is based on the Ethereum blockchain and can be stored on most of the popular wallets.
You can use Jaxx or MyEtherWallet to store MLN coins. It is very convenient and you can get access to your tokens on desktop, web or smartphone.
For big amounts of MLN coins one prefers to use cold wallets. You can use Ledger nano, or Trezor. They both support MLN coins.
How to transfer MLN securely
MLN is a cryptoasset and that means that there will be no bank involved in your MLN transaction. Everything you do with your cryptocurrency is your responsibility, so you should be very careful. There are some tips to help you not to lose your cryptoasset.
Never type a wallet address manually
Always use only copy-paste operation to enter a wallet address. Any mistake can cause an error and let your money get lost in the network.
Look up the transaction fee
Any good wallet or an exchange platform will show you the transaction fee for your money transfer. Look for it anytime you send MLN coins to anyone.
Double check the address
Make sure that the address of the recipient is correct and check it several times before sending off the sum, especially if you transfer big amounts of MLN coins at a time.
Test before sending
Anytime you send huge amount of MLN check the whole procedure on a small amount. When you will be sure that your partner has received the money, do the same thing with the rest of the asset.