Where to Buy Enzyme (MLN) Coin

What is Enzyme (MLN) Coin

Enzyme Finance was formerly known as Melon Protocol. The token has a new icon and name, but the MLN ticker and contract address stays the same. MLN coin is used to pay for various functions throughout the vault creation process and investment lifecycle. There is currently a proposal in front of the Enzyme Council to substantially change the token economic model.

  • Enzyme (Formerly Melon Protocol) is an Ethereum-based protocol for decentralized on-chain asset management. The protocol enables anyone to set up, manage and invest in customized on-chain investment vehicles.
  • Enzyme’s protocol token (MLN) operates as a mint and burn model. A fixed amount of 300,600 MLN tokens are issued annually, whose allocation will be decided upon in a vote. The primary goal of these tokens is to compensate maintainers and platform developers who are working on improving the Enzyme platform and its user experience.
  • Users pay an Asset Management Gas Unit (AMGU) in ETH to the Enzyme network for platform services, such as setting up a fund, requesting an investment, or executing an investment.
  • All ETH fees are sent to the Melon engine contract, which buys MLN/ETH and burns all bought MLN every 30 days. The AMGU price is set by the Enzyme Council DAO and can be adjusted based on the network environment.
  • Note that there is an ongoing discussion for a change in MLN token economics. Under the new proposal (MIP7), users will be charged management fees in MLN tokens, based on the AUM on Enzyme.
  • The protocol is governed by the Enzyme Council, which consists of the Enzyme Technical Council and Enzyme User Representatives. The Enzyme Council is responsible for preserving the users’ interests.
  • Note that neither the Enzyme Council, nor the token holders can impact the smart contract code that is used by a fund manager.
  • As at July 5th 2021, the total supply of MLN is 1,824,437 and the current circulating supply is 100%.

How To Buy Enzyme (MLN) Coin

1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Mln coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.

2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.

3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.

4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Enzyme coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.

How Much is a Enzyme (MLN) Coin

Enzyme (MLN) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.

$ 29.27
melon
Enzyme (MLN)
1h1.89%
24h19.01%
USD
EUR
GBP

Enzyme (MLN) Coin Review

You can learn more about Enzyme (MLN) coin reviews and information on cryptocurrencies by visiting their official page available in the following.

Website
https://enzyme.finance/
Github
https://github.com/enzymefinance
Medium
https://medium.com/enzymefinance
Documentation
https://docs.enzyme.finance/
Telegram
https://t.me/enzymefinance
Discord
https://discord.enzyme.finance/
Youtube
https://www.youtube.com/channel/UCJPutAAPqqY13yaY8K94vcA