Kryptonite 1 plc Investment in Melonport AG

 
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 : [phone] 
Email : [e-mail] 
 
NEX Exchange Corporate Adviser 
Peterhouse Corporate Finance Limited 
Fungai Ndoro and Mark Anwyl 
[phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

February 17, 2017 05:00 ET (10:00 GMT)