Three Practical Steps to Growing Healthy Melons
summary
Mainnet deploy targets February 2019 with the founding company winding down and protocol governance handed to a Melon Council split into Technical Council and Exposed Business Representatives. On-chain funds use smart contracts, four DEXs (0x, Oasis DEX, Kyber, AirSwap) are integrated, and a built-in inflation pool funds grants, swaps and mergers. Usage fees use an AMGU rate that funnels ETH into a Melon Engine contract which continuously buys MEL at a premium and burn-to-deflate, so users need only ETH in wallet and the token value ties directly to network activity.
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chapters (16)
- 0:00Start
- 1:15Encouraging Network Effects
- 2:46Digital Assets
- 3:09Decentralized Exchanges
- 5:01Enhancing Network Synergies
- 12:40Third Is Avoiding the Pitfalls of the Velocity Problem
- 13:18Melon Engine
- 15:00The Melon Engine Smart Contract
- 16:34Part Three Maintaining Melon
- 20:01Design Goals
- 20:47The Mellon Technical Council
- 21:29Resource Allocation
- 21:44Protocol Upgrades
- 22:42The Network Parameters
- 23:28Main Takeaways
- 25:17How Do You Interact with the Fund
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