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Monday, March 20, 2017 12:03 PM UTC

Kraken, a San Francisco-based digital asset exchange, announced that it will offer support for trading new currency Melon tokens (MLN).

According to the announcement, MLN/XBT (melon-bitcoin) and MLN/ETH (melon-ether) pairs will be available for trading in Kraken with the possible addition of MLN margin trading in the future.

Melon is built on Ethereum network and acts as a protocol for managing digital assets, which are decentralized, low cost, transparently auditable and modular.

MLN tokens cover the platform usage fee and are used to reward developers who build Melon modules, the release stated.

In order to deposit MLN in Kraken account, users have to go to funding, choose deposit and then click on generate new address. They can then send MLN to this deposit address with any Ethereum wallet or client that supports tokens, like Parity or Mist.

Melonport, the company behind Melon, Melon had a successful Initial Coin Offering (ICO) that saw target hitting 227,000 ETH, within 10 minutes.

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Cryptocurrency exchange Kraken offers support for Melon tokens ... - EconoTimes