What is the issuance price of Enzyme (MLN) coins?

The initial issuance price of Enzyme (MLN) was $0.24 per coin, with a total supply of 1 billion and an initial market cap of approximately $120 million.

Jan 03, 2025 at 07:36 pm

Key Points:

• Enzyme (MLN): Issuance Price, Token Distribution, Initial Market Cap, and Performance

Article Content:

1. Issuance Price of Enzyme (MLN)

Enzyme (MLN) coins were initially offered through an initial coin offering (ICO) held in September 2018. The issuance price of MLN coins during the ICO was $0.24 per coin.

2. Token Distribution

The total supply of MLN coins is capped at 1 billion. The initial token distribution was as follows:

• Seed sale (20%): Distributed to early investors
• Private sale (30%): Reserved for strategic partners
• Public sale (50%): Available for purchase through the ICO

3. Initial Market Cap

At the issuance price and with 50% of the total supply released in the ICO, Enzyme's initial market capitalization was approximately $120 million.

4. Token Performance

Following the ICO, the value of MLN coins fluctuated significantly, reaching an all-time high of over $3 in 2021. However, the token has experienced volatility and its price has since retraced to its current trading range.

5. MLN Community

Enzyme has an active community of developers, users, and enthusiasts. The community is involved in governance, protocol improvements, and ecosystem growth.

6. MLN Use Cases

MLN coins serve several use cases within the Enzyme ecosystem:

• Governance: MLN holders can participate in protocol upgrades and governance decisions.
• Fee payments: MLN is used to pay fees for transactions and vault operations on the Enzyme platform.
• Staking: MLN can be staked to earn rewards and participate in the consensus and security of the Enzyme network.

7. MLN Listings

MLN coins are listed on several major cryptocurrency exchanges, including Binance, Coinbase, and Uniswap.

FAQs:

Q: How many coins were initially released in the Enzyme ICO?
A: 50% of the total supply, or 500 million coins.

Q: What was the maximum price that Enzyme (MLN) reached?
A: Over $3 in 2021.

Q: Is MLN only available on the Enzyme platform?
A: No, MLN can be traded on several cryptocurrency exchanges.

Q: What is the main purpose of MLN coins?
A: Governance, fee payments, and staking.

Q: How can I earn MLN coins?
A: You can purchase MLN on exchanges, participate in staking programs, or earn them through involvement in the Enzyme ecosystem.