How much is Enzyme (MLN) currency issued?

Enzyme (MLN), an Ethereum-based DeFi protocol, has a total supply of 980,000,000 tokens used for governance, staking, and transaction fees within its ecosystem.

Jan 05, 2025 at 01:04 pm

Key Points:

• Enzyme (MLN) is an Ethereum-based decentralized finance (DeFi) protocol that allows users to create, manage, and trade customized investment portfolios known as "vaults."
• The total supply of MLN is 980,000,000 tokens.
• MLN tokens are used for governance, staking, and transaction fees within the Enzyme ecosystem.

How Much is Enzyme (MLN) Currency Issued?

The total supply of Enzyme (MLN) currency is 980,000,000 tokens. These tokens were distributed as follows:

• Seed and pre-seed sale: 20%
• Strategic sale: 20%
• Team and advisors: 20%
• Community sale: 20%
• Ecosystem and partnerships: 10%
• Reserve: 10%

Token Distribution and Issuance:

1. Seed and Pre-Seed Sale:

   • The seed and pre-seed sale events allowed early investors to purchase MLN tokens at a discounted rate.
   • These events raised a total of $3.3 million.

2. Strategic Sale:

   • The strategic sale was conducted with a limited number of venture capital firms and other institutional investors.
   • This sale raised an additional $1.7 million.

3. Team and Advisors:

   • A portion of the MLN supply was allocated to the Enzyme team and advisors in recognition of their contributions to the project.
   • These tokens are intended to align incentives and ensure long-term commitment to the platform.

4. Community Sale:

   • The community sale offered individuals the opportunity to purchase MLN tokens directly.
   • This sale raised a total of $3.2 million.

5. Ecosystem and Partnerships:

   • A portion of the MLN supply is reserved for ecosystem development and partnerships.
   • These tokens will be used to fund community initiatives, integrations, and collaborations that support the growth of the Enzyme platform.

6. Reserve:

   • The reserve allocation of MLN tokens is intended to provide a cushion against potential market fluctuations and to support future development and marketing initiatives.

FAQs:

• Q: What is the current price of Enzyme (MLN)?
• A: The current price of MLN is approximately $0.75.
• Q: Where can I buy and sell Enzyme (MLN)?
• A: MLN is available for trading on various cryptocurrency exchanges, including Uniswap, Binance, and Coinbase Pro.
• Q: What are the benefits of holding Enzyme (MLN) tokens?
• A: MLN holders can participate in governance, earn rewards through staking, and enjoy reduced transaction fees on the Enzyme platform.