|Market Cap||Volume||Last Trade|
Enzyme (MLN) price today is $0.0000000 USD. Trading volume was 0.00 MLN in the last 24 hours. Current market cap of Enzyme is $0 USD. Enzyme has a circulating supply of 0 MLN coins out of a maximum supply of 0 MLN coins.
Enzyme (MLN) Project Review
What is Enzyme (MLN)?
Enzyme (MLN) is a blockchain-based protocol for decentralized on-chain asset management. It is a platform that facilitates the creation, management, and trading of decentralized funds, managed by individuals or entities. Enzyme was formerly known as Melon Protocol, which was rebranded in 2021 to Enzyme.
Team and Launch Date
Enzyme was launched on February 21, 2017, by a talented and diverse team. The team behind Enzyme is led by Mona El Isa, a former Goldman Sachs trader, and Reto Trinkler, a blockchain developer. They are supported by a team of professionals with backgrounds in finance, blockchain technology, and law.
They developed the Melon protocol as a means of disrupting the traditional asset management industry and making it more accessible, open, and transparent. In 2021, they rebranded to Enzyme as a reflection of the platforms evolution and to better represent its core functionality.
Enzyme (MLN) Use Cases
Enzyme provides a variety of use cases in the world of decentralized finance (DeFi) and asset management. It opens up the asset management industry to a wider audience, allowing anyone to set up and manage a fund on the blockchain.
Decentralized Fund Management
Enzyme allows users to create, manage and invest in decentralized on-chain funds. It provides a suite of tools and templates for creating a fund, setting its rules, managing its portfolio, and executing trades. Users can manage their own funds, or they can invest in funds managed by others.
Enzyme integrates with a range of decentralized exchanges (DEXs) and liquidity providers, allowing fund managers to execute trades directly from the platform. This on-chain trading capability provides transparency and reduces the risk of fraud.
Enzyme uses its native token, MLN, as an incentive mechanism. Fund managers are rewarded in MLN tokens for good performance, providing an additional source of income on top of the usual management and performance fees.
Enzyme provides tools for portfolio management, including portfolio visualization, risk management, and performance tracking. It allows fund managers to manage their funds portfolio in a transparent and efficient manner.
Enzyme also has a governance mechanism that allows MLN token holders to participate in the decision-making process of the protocol. This includes decisions on future developments, adjustments to the protocol, and the allocation of the platforms treasury funds.
In conclusion, Enzyme is an innovative platform that is bringing transparency, accessibility, and efficiency to the asset management industry. Its decentralized nature, combined with its powerful tools and features, make it a promising project in the DeFi space.
How to Buy Enzyme (MLN)?
Enzyme (MLN), formerly known as Melon, is a cryptocurrency that is revolutionizing the world of decentralized asset management. Here is a step-by-step guide on how to buy Enzyme (MLN).
Create an Account on Binance
The first step is to create an account on a cryptocurrency exchange that supports Enzyme (MLN). Binance is one of the most popular exchanges, known for its user-friendly interface and a wide range of supported cryptocurrencies.
Visit the Binance website and click on "Register". You'll need to provide your email address and create a strong password. Make sure to use an email address you have access to, as you'll need to verify it in the next step.
Verify Your Account
After you've created your account, Binance will send you a confirmation email. Click on the link in the email to verify your account. In some cases, you may be asked to provide additional identification information for security purposes. This process is known as KYC (Know Your Customer) and is a standard requirement for most cryptocurrency exchanges.
Secure Your Account
Next, it's crucial to secure your account to protect your funds. Binance offers several security features, including two-factor authentication (2FA), which adds an extra layer of security to your account. You can set up 2FA through a third-party app such as Google Authenticator.
Deposit Fiat Or Cryptocurrency
Now that your account is set up and secure, you're ready to deposit funds. Binance supports both fiat and cryptocurrency deposits. If you're new to cryptocurrencies, you might find it easier to deposit fiat currency such as USD or EUR.
However, if you already own cryptocurrencies like Bitcoin or Ethereum, you can deposit these and then exchange them for Enzyme (MLN).
Buy Enzyme (MLN)
To buy Enzyme (MLN), navigate to the markets page on Binance and search for the MLN trading pair that matches your deposited currency. Enter the amount of MLN you wish to purchase and click "Buy MLN".
Store Your MLN in a Secure Wallet
After purchasing Enzyme (MLN), it's important to move your coins to a secure wallet. Storing your coins on an exchange is not recommended due to the risk of hacks.
Best Wallets for MLN
When it comes to storing your Enzyme (MLN), not all wallets are created equal. Here are a few highly recommended wallets for storing MLN:
MyEtherWallet: This is a free, open-source, client-side interface for creating and using Ethereum wallets. MyEtherWallet is compatible with MLN because it is an ERC-20 token on the Ethereum blockchain.
Ledger Nano S: This is a hardware wallet that allows you to store your cryptocurrency offline. It is one of the safest ways to store your MLN. Ledger Nano S
Metamask: This is a cryptocurrency wallet which you can use directly in your browser. It's easy to use and supports all ERC-20 tokens, including MLN. Metamask
Remember, the security of your MLN tokens is of utmost importance. Always use a wallet where you control the private keys and keep your wallet secure.
For a more detailed guide on how to buy Enzyme (MLN), you can visit [here](https://
Enzyme (MLN) Tokenomics
Enzyme, previously known as Melon Protocol, is a cryptocurrency that is represented by the symbol MLN. With its rebranding, the developers aimed to establish a more robust ecosystem around the coin. An integral part of understanding the potential value of any cryptocurrency lies in its tokenomics. Let's delve into the tokenomics of Enzyme (MLN).
At the time of writing this article, the circulating supply of Enzyme (MLN) is 2,366,163 MLN. The circulating supply refers to the number of coins or tokens that are publicly available and circulating in the market. The circulating supply is a critical factor when determining the price of the coin or token.
Max supply is the total number of coins that can ever exist in the lifetime of the cryptocurrency. For Enzyme (MLN), the max supply is 2,069,781 MLN. This finite supply is a significant factor in the price of the coin. When the max supply is reached, no new coins will be created.
Total Supply is the total number of coins in existence right now (minus any coins that have been verifiably burned). The total supply of Enzyme (MLN) stands at 2,369,782 MLN. This includes the coins in circulation and those held by the project itself.
Outstanding supply refers to the portion of the total supply of a cryptocurrency that has not yet been issued or is held back by the project for various reasons. The outstanding supply of Enzyme (MLN) is currently at -0.14%. A negative outstanding supply indicates that the circulating supply of the coin has surpassed its max supply. This can occur due to factors such as coin burning or the creation of new coins through staking rewards.
How to Find More Enzyme (MLN) News
Staying updated with the latest news and developments about a cryptocurrency is essential for any investor or enthusiast. Here are some resources where you can find more information about Enzyme (MLN).
For the most official and comprehensive source of information, visit the Enzyme website. The website provides detailed information about the project, its mission, and the team behind it. It also contains links to other resources, including their blog and community forums.
The Enzyme Whitepaper provides an in-depth look at the technology, philosophy, and mechanics behind the Enzyme project. It's a must-read for anyone seriously considering investing in Enzyme or wanting to understand its potential impact on the DeFi landscape.
Enzyme on Twitter
Twitter is a great platform for real-time updates and community engagement. Follow Enzyme on Twitter to stay up-to-date with their latest announcements and interact with the team and community.
Enzyme on Reddit
Reddit is a popular platform for discussions and news about cryptocurrencies. The Enzyme subreddit is a place where users share news, ideas, and experiences about the coin. It's also an excellent place to ask questions and engage with the community.
Stay informed and engaged to make the most of your involvement with Enzyme (MLN). The cryptocurrency world moves fast, and staying updated is essential for success.
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