Melon Token (MLN) API and Price Oracle

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Melon Token

For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
Blockchain network where the asset is deployed
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
Volume 24h
Trades 24h
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Token information

What is Melon Token (MLN)?

Melon Token (MLN) is the native cryptocurrency of the Melon protocol, a decentralized asset management platform built on Ethereum. Launched in 2016 by Mona El Isa and Reto Trinkler, Melon aims to provide a censorship-resistant and transparent environment for managing and investing in digital assets. The name "Melon" is a play on "Melonport," the project's founding company. MLN tokens are used for governance and to access the platform's services.

How does Melon Token work?

Melon Token (MLN) is a cryptocurrency that operates on the Ethereum blockchain using the ERC-20 standard. It is a fundamental component of the Melon protocol, which aims to enable decentralized and secure asset management on the blockchain.

The underlying technology behind Melon Token is a combination of smart contracts and blockchain oracles. Smart contracts are self-executing agreements that run on the Ethereum blockchain and automatically validate and enforce the terms of a contract. In the case of Melon Token, smart contracts ensure the proper functioning of the asset management protocol.

Blockchain oracles play a vital role in the Melon protocol by providing external data to smart contracts. Oracles obtain information from outside the blockchain, such as price feeds and market data, and feed it to the smart contracts. This data is essential for calculating asset valuations, portfolio management, and other aspects of the asset management process.

The functioning of Melon Token is based on a decentralized system where participants can create, manage, and invest in various portfolios using the Melon protocol. By holding Melon Tokens, users have the ability to participate in the platform and perform actions such as creating funds or contributing to existing funds.

Fund managers can set certain parameters and rules for their funds, and investors can choose to invest in those funds based on their preferences. The use of smart contracts ensures transparency, immutability, and security throughout the asset management process.

Overall, Melon Token and the Melon protocol leverage blockchain technology, smart contracts, and oracles to provide a decentralized and efficient way to manage assets on the Ethereum blockchain.

What are the benefits of Melon Token?

Melon Token offers several benefits compared to its direct competitors. One of the key advantages of Melon Token is its focus on decentralization. Unlike some of its competitors, Melon Token is built on the Ethereum blockchain and utilizes smart contracts to manage assets and automate investment processes. This decentralized approach ensures transparency and eliminates the need for intermediaries, reducing the risk of fraud or manipulation.

Another benefit of Melon Token is its flexibility and customization options. The platform allows users to create their own investment funds, making it suitable for both individual investors and professional asset managers. Users can design their own investment strategies, set performance fees, and attract investors to their funds. This level of customization sets Melon Token apart from its direct competitors, offering a unique and tailored experience for users.

Additionally, Melon Token provides a user-friendly interface, making it accessible to both experienced traders and newcomers to the crypto space. The platform offers comprehensive tools for portfolio management, risk management, and performance analysis, empowering users to make informed investment decisions.

Overall, Melon Token distinguishes itself from its direct competitors through its decentralized architecture, customizable fund creation features, and user-friendly interface. These benefits position Melon Token as a compelling option for investors seeking exposure to the digital asset market.

What is Melon Token used for?

Melon Token (MLN) is a cryptocurrency that plays a vital role in the Melon protocol, which is a decentralized asset management platform built on the Ethereum blockchain. MLN serves multiple purposes within the ecosystem.

Firstly, MLN is used for governance within the Melon protocol. Token holders can participate in the decision-making process by voting on proposals and shaping the future direction of the platform. This includes voting on upgrades, fee changes, fund parameters, and other important protocol changes.

Secondly, MLN is used as the primary medium of exchange within the Melon protocol. Users can pay for various services and transactions, such as creating and managing investment funds, deploying smart contracts, and interacting with other features of the platform using MLN.

Additionally, MLN serves as a staking mechanism. Token holders can stake their MLN to secure the network and earn rewards in the form of additional MLN tokens as an incentive for their contribution to the protocol's security.

One specific use case of MLN involves creating and managing investment funds. Through the Melon protocol, users can leverage the power of blockchain technology to set up and manage decentralized investment funds. These funds can hold various types of assets such as cryptocurrencies, tokens, and other digital assets. MLN plays a crucial role in this process by enabling users to establish funds, set investment strategies, and charge performance fees, all while ensuring transparency and security through the decentralized nature of the protocol.

Overall, the Melon Token (MLN) enables governance, facilitates transactions, and empowers users to create and manage decentralized investment funds within the Melon protocol.

What is DIA's Melon Token API?

DIA's Melon Token API is part of DIA's comprehensive API offering, which provides real-time price feeds of various crypto assets, including the Melon Token. These price feeds are constructed using raw data from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, encompassing billions of individual trades. DIA's unique access to such extensive and diverse data sets sets them apart from other web3 data providers.

DIA offers free API endpoints for developers to test, allowing them to access standardized and publicly available price feed data. These free API endpoints serve as an informational resource and are intended for testing purposes. However, the true power of DIA's API lies in its customizability. Users can request a custom configuration for a feed, tailored to their specific needs and preferences. DIA can build dedicated API price feeds, offering flexibility in terms of sources, methodologies, update mechanisms, and more.

The flexibility of DIA's API lends itself to a wide range of use cases within the blockchain ecosystem. In the realm of DeFi, the price information from DIA's APIs can be utilized for derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. For NFTfi applications, potential uses include peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, fractionalization, and various others.

In summary, DIA's Melon Token API is an essential component of DIA's API ecosystem, providing developers and users with access to real-time price feeds for a multitude of crypto assets. While free API endpoints are available for testing, the true value lies in DIA's ability to create custom feeds tailored to individual requirements. This flexibility enables diverse use cases across DeFi and NFTfi applications, contributing to the growth and development of the blockchain ecosystem.

(Note: An API, or Application Programming Interface, allows different software applications to communicate and interact with each other, enabling the exchange and manipulation of data.)

What is DIA's Melon Token price oracle?

DIA's Melon Token price oracle is a smart contract that provides real-time price feeds for cryptocurrencies and NFTs. DIA stands out as it is integrated with over 35 layer 1 and layer 2 networks, allowing it to deploy price oracles in different blockchains. These price feeds are constructed by sourcing raw data from over 85 on-chain and off-chain exchanges, ensuring the accuracy and reliability of the information provided.

While DIA offers demo oracles for developers to test, these are limited to testing purposes and cannot be integrated into production applications. However, DIA also offers custom configuration for price feeds. Users can request dedicated price feed oracles that can be tailored according to their specific requirements. This customization includes choosing sources, methodologies, update mechanisms, and more.

Requesting a custom feed is simple. Users can reach out to DIA via Discord or Telegram to initiate the process. By offering custom oracles, DIA ensures that users have access to the precise data they need for their applications, making their price oracles even more valuable.

Blockchain oracles, in general, are external information providers that supply verified data from outside the blockchain to smart contracts. They play a crucial role in bridging the gap between off-chain and on-chain worlds, enabling smart contracts to access real-time and reliable data for various use cases.

DIA's price oracles have a wide array of use cases within the blockchain ecosystem. They can be used in derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more within the DeFi space. Furthermore, they can be leveraged for peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other applications within the NFTfi realm.

For users looking for accurate and customizable price feeds, DIA's custom oracles provide a powerful solution to meet their specific needs.

Why use DIA's MLN API & price oracle?

DIA's MLN API and MLN Price Oracle offer numerous benefits for users in the blockchain ecosystem. One of the key advantages is the high level of customization available. Users can tailor each oracle and API endpoint according to their specific requirements, allowing for a personalized solution. This customization includes selecting the data sources that make up the feed, applying data cleaning filters and pricing methodologies, and determining the frequency of updates. This ensures that the data and oracle remain robust and resilient to market conditions, providing global and individualized market prices.

Transparency is another major benefit provided by DIA's API and Oracle. Users can access full and granular transparency throughout the entire data journey, giving them confidence in the accuracy and reliability of the price data. Additionally, DIA offers tracking and monitoring tools to closely monitor their oracle and API feeds, further enhancing transparency and accountability.

Overall, the benefits of using DIA's MLN API and MLN Price Oracle include customizable solutions that cater to specific needs, robustness and resilience to market conditions, and transparency throughout the data journey. These features make DIA a valuable resource for accessing accurate and reliable price data for cryptocurrencies and NFTs in the blockchain ecosystem.

Why use DIA data feeds and oracles?

DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.