Enzyme (MLN) currency circulation

Enzyme (MLN) boasts a circulating supply of 100,000,000 tokens, fueling its decentralized finance platform empowering users to customize investment portfolios seamlessly.

Jan 06, 2025 at 10:32 am

Enzyme (MLN) Currency Circulation: A Comprehensive Guide

Enzyme (MLN) is a decentralized finance (DeFi) platform that enables users to create and manage their own investment portfolios. The MLN token is the native currency of the Enzyme platform, and it is used to pay for transaction fees and to reward users who contribute to the growth of the ecosystem.

Key Points:

• Enzyme (MLN) is a decentralized finance (DeFi) platform that enables users to create and manage their own investment portfolios.
• The MLN token is the native currency of the Enzyme platform, and it is used to pay for transaction fees and to reward users who contribute to the growth of the ecosystem.
• The circulating supply of MLN is 100,000,000 and the total supply is 42,510,120.
• The MLN token is currently trading at $141.91 with a market cap of $1.4 billion.
• Enzyme (MLN) has a number of features that make it a unique and valuable addition to the DeFi ecosystem.

Enzyme (MLN) Currency Circulation

The circulating supply of MLN is 100,000,000 and the total supply is 42,510,120. The remaining tokens are held in reserve by the Enzyme team and are used to fund development and marketing initiatives.

The MLN token is currently trading at $141.91 with a market cap of $1.4 billion. The token has been on a steady upward trend since its launch in 2018 and has reached its all-time high of $249.26 in April 2021.

Features of Enzyme (MLN)

Enzyme (MLN) has a number of features that make it a unique and valuable addition to the DeFi ecosystem. These features include:

• Decentralized: Enzyme is a decentralized platform that is not controlled by any single entity. This means that users can trust Enzyme to operate fairly and transparently.
• Non-custodial: Enzyme does not hold users' funds. Instead, users' funds are held in smart contracts. This means that users are always in control of their funds and can withdraw them at any time.
• Permissionless: Anyone can use Enzyme to create and manage their own investment portfolios. There are no restrictions on who can use the platform.
• Modular: Enzyme is a modular platform that allows users to customize their investment portfolios to meet their specific needs. Users can choose from a variety of modules, including asset managers, risk managers, and performance trackers.

How to Use Enzyme (MLN)

To use Enzyme (MLN), you will need to create a wallet that supports the ERC-20 token standard. Once you have created a wallet, you can purchase MLN tokens on a cryptocurrency exchange. You can then transfer your MLN tokens to your Enzyme wallet and begin using the platform.

To create an investment portfolio on Enzyme, you will need to select a vault. A vault is a smart contract that holds your funds and executes your investment strategy. You can choose from a variety of vaults, including vaults that invest in cryptocurrencies, stocks, and bonds.

Once you have selected a vault, you will need to add funds to the vault. You can add funds to a vault using MLN tokens or other supported cryptocurrencies.

Once you have added funds to a vault, you can begin customizing your investment strategy. You can choose how much of your funds are allocated to each asset class, and you can set up risk management rules.

Enzyme will automatically execute your investment strategy and track your performance. You can view your portfolio performance at any time by logging into the Enzyme platform.

FAQs

What is Enzyme (MLN)?

Enzyme (MLN) is a decentralized finance (DeFi) platform that enables users to create and manage their own investment portfolios.

What is the MLN token?

The MLN token is the native currency of the Enzyme platform. It is used to pay for transaction fees and to reward users who contribute to the growth of the ecosystem.

What is the circulating supply of MLN?

The circulating supply of MLN is 100,000,000.

What is the total supply of MLN?

The total supply of MLN is 42,510,120.

What is the price of MLN?

The current price of MLN is $141.91.

What is the market cap of MLN?

The market cap of MLN is $1.4 billion.