Melonport

A maximum of 1,250,000 MLN (Melon tokens) will be created before the protocol is deployed to the live network. Of them 1,000,000 MLN will be distributed through 2 rounds of an Initial Coin Offering (ICO). First ICO: 750,000 MLN in total will be created by the contribution smart-contracts this February. 600,000 of these will be tradable, 150,000 of these will be non-tradable for a period of two years (or until the deployment of Melon in its entirety). 500,000 Melon tokens will be on sale to the public. 100,000 tradable Melon tokens will be created for Melonport to be used at the company’s discretion. 150,000 non-tradable Melon tokens will be created for Melonport Founders, Advisors & Corporate Partners. All tradable tokens will be tradable after the end of the contribution period (at 4 weeks). Second ICO: 500,000 tradable Melon tokens will be created at a future date expected to be in Q1-Q2 2018. Melonport will set the price closer to the time of the sale. No other tokens will be created until the launch of the protocol and after that, they will be created by inflation only. After deployment of the MELON PROTOCOL, up to a maximum of 625,000 of new MLN TOKEN will be created per year through inflation to incentivise maintenance, further development and governance of the MELON.