The main purpose of Melon was to create a software, where investors could keep their funds and investment manager could analyse exchange market and trade crypto-currencies for profit. The terminal MelonAG functionality is similar to MetaTrader for trading fiat currencies, but itShow more [+] doesn't have indicators or other tools for technical analysis. Melon’s both front-end and back-end systems operate on decentralized platforms: front-end built on top of IPFS, back-end on top of Ethereum blockchain. Apart of protocol itself, Melon has two other projects. MelonMail is a state-of-the-art encrypted messaging service. And Oyente is an open source analysis and formal verification tool for Ethereum smart contracts.
Melon operates with Ethereum ERC-20 token MLN, ICO finished February 2017 raising CHF 2.5 million (about $2.9M) in under 10 minutes.