Melon, in the simplest terms, can be defined as a tool system that helps the participants in setting up, managing, and investing in digital assets. In fact, the participants can also have management strategies that are present in the pre-defined and customized set of rules. There is hardly any requirement of trust because of the decentralized nature of Melon, also denoted as MLN.
There are 4 essential components in the entire system of Melon –
The entire tool system has an agreed upon logic. It consists of a mandatory vault which holds digital assets in a secured manner. In fact, there are also optional modules, which allow Melon funds for meeting differing needs of different fund managers. Melon Fund is formed when the modules as well as vault are assembled together.
There is a GUI (Graphical User Interface) in the browser – be it Firefox, Chrome, or others. This allows participants for accessing as well as interacting with protocol.
Melon Token is also designated by MLN. In the Melon ecosystem, the participants gets the rights of designing the protocol. These tokens are incentive mechanism for the participants so that they keep on engaging with the system over time.
There are different technologies and participants in this ecosystem, which interact with the Melon system and are also get affected by the system.
Fund structure consists of two aspects –
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