Kryptonite 1 plc Investment in Melonport AG
February 17 2017 - 4:00AM
UK Regulatory
TIDMKR1
Kryptonite 1 Plc
("Kryptonite1" or the "Company")
Investment in Melonport AG
Kryptonite1 is pleased to announce that the Company has completed an investment
into the initial coin offering (the "ICO") of Melonport AG ("Melonport"). The
Company has invested GBP99,905 for 25,811 Melonport tokens. The ICO
successfully raised its target of US$2,500,000 within 14 minutes of opening up
to the public.
Melonport is the private company building the open-source Melon Protocol. The
Melon protocol is a blockchain protocol for digital asset management built on
the Ethereum platform. It enables participants to set up, manage and invest in
digital asset management strategies in an open, competitive and decentralised
manner.
George McDonaugh, Executive Director of the Company commented: "We're excited
to support Melonport at this early stage. We believe that as the Blockchain
ecosystem grows, financial instruments will start to move across to this
technology. With an experienced team and strong support from within the
blockchain community, we are confident Melonport will become the platform where
these assets are traded."
The directors of the issuer accept responsibility for this announcement.
--Ends--
Contact Details:
Stephen Corran
Kryptonite 1 Plc:
Tel : 01624 676716
Email : scorran@bridgewaters.co.im
NEX Exchange Corporate Adviser
Peterhouse Corporate Finance Limited
Fungai Ndoro and Mark Anwyl
+44 (0)20 7469 0930
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(END) Dow Jones Newswires
February 17, 2017 05:00 ET (10:00 GMT)