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What is Enzyme (MLN)?

Enzyme basic info

Name:Enzyme
Ticker:
Introduction:

What Is Enzyme?

Enzyme, formerly known as Melon Protocol, is an asset management protocol built on the Ethereum blockchain. Originating in July 2016 from Melonport AG, a company based in Zug, Switzerland, Enzyme represents a significant shift in the world of digital asset management. It was designed to democratize the field of asset management, traditionally dominated by professional financial advisors and firms. By leveraging the power of blockchain technology, Enzyme lowers the barriers to entry, making it possible for a broader range of investors to participate in asset management.

The rebranding from Melon Protocol to Enzyme signified a commitment to innovation, resilience, and a user-friendly approach. The platform's goal is to enable participants to create, manage, and invest in digital asset funds in an open, competitive, transparent, and decentralized manner. This approach not only simplifies the process of asset management but also injects a level of accessibility previously unseen in the traditional finance sector.

Resources

Official Documents: https://docs.enzyme.finance/

Official Website: https://enzyme.finance/

How Does Enzyme Work?

At its core, Enzyme's functionality is driven by smart contracts on the Ethereum blockchain, ensuring a high degree of automation and minimal human intervention. The platform's architecture is divided into two primary layers: the Fund Layer and the Infrastructure Layer. The Fund Layer is responsible for the creation and management of funds within the protocol. It consists of the Hub, which monitors Enzyme funds, and Spokes, which use smart contracts to define and provide services to these funds. This layer is where users interact with the Enzyme blockchain, utilizing tools for managing their funds or vaults.

The Infrastructure Layer, governed by the Enzyme Council DAO, is the backbone of the protocol. It includes essential contracts for asset price management, MLN to ETH conversions for computational payments, and more. This layer ensures the smooth operation of the entire blockchain and adheres to the rules set by the Enzyme Council. The Enzyme platform allows for the creation of various types of vaults, including public, private, and hybrid, catering to different investor needs and preferences.

What Is MLN Token?

MLN is the native cryptocurrency of the Enzyme platform. Its primary function is to serve as a compensation token for network participants, including developers and maintainers. The tokenomics of MLN involve a controlled inflationary model, where up to 300,600 new MLN tokens can be minted each year to fund protocol development and growth. This approach ensures that the ecosystem continues to evolve and improve over time.

MLN tokens are also used for paying asset management fees within the platform, including fund creation, investment requests, and asset redemption. Additionally, projects seeking integration with the Enzyme network require MLN tokens to enable necessary features. The token's value is intrinsically linked to its utility and the overall usage within the network, making it a vital component of the Enzyme ecosystem.

What Determines Enzyme’s Price?

The price of Enzyme (MLN), like any cryptocurrency, is influenced by a complex interplay of various factors, pivotal in the volatile and dynamic world of blockchain and digital assets. One of the primary determinants is market demand, which is significantly influenced by the utility and adoption of the Enzyme platform. As Enzyme facilitates decentralized asset management on the Ethereum blockchain, its attractiveness to investors, asset managers, and DeFi enthusiasts directly impacts MLN's demand. The more users and projects engage with Enzyme for managing digital assets, the higher the potential demand for MLN tokens. This demand is further fueled by the unique features of Enzyme, such as its ability to create and manage diverse investment strategies and its integration with leading DeFi projects, which can attract a broader user base and increase token utility.

Another critical factor in determining Enzyme's price is its tokenomics, a term that combines 'token' and 'economics.' The MLN token has a controlled inflationary model, where a fixed number of tokens are minted annually to support network development and growth. This approach to token supply can influence its scarcity and value. Furthermore, the activities of the Enzyme Council DAO, which governs the protocol, also play a significant role. Decisions regarding protocol upgrades, feature additions, and partnerships can significantly impact investor perception and confidence, thereby affecting the price. Additionally, broader market trends in the cryptocurrency sector, regulatory changes, and technological advancements in blockchain also contribute to the fluctuations in Enzyme's price, making it a dynamic asset in the ever-evolving crypto landscape.

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Current price:
All-time high:$270.05
All-time low:$1.8

MLN supply and tokenomics

Circulating supply:2,667,049 MLN
Total supply:2,667,668.64 MLN
Max supply:2,669,203.38 MLN
Market cap:$54.80M
Fully diluted market cap:$54.84M

Links

Buy Enzyme for $1Buy MLN now

What is the development prospect and future value of MLN?

The market value of MLN currently stands at $54.80M, and its market ranking is #628. The value of MLN is not widely recognized by the market. When the bull market comes, the market value of MLN may have great growth potential.

As a new type of currency with innovative technology and unique use cases, MLN has broad market potential and significant room for development. The distinctiveness and appeal of MLN may attract the interest of specific groups, thereby driving up its market value.

What will the price of MLN be in 2025?
Based on MLN's historical price performance prediction model, the price of MLN is projected to reach $24.53 in 2025.
What will the price of MLN be in 2030?
In 2030, the MLN price is expected to change by -1.00%. By the end of 2030, the MLN price is projected to reach $37.89, with a cumulative ROI of +91.44%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of MLN and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is MLN worth investing or holding? How to buy MLN from a crypto exchange?

If you want to buy MLN, the following information may be helpful for your investment decisions:
In the last 7 days, the price of MLN has fallen by -11.57%, leading to negative returns for most MLN investors. The market is currently pessimistic about the price trend of MLN.
It is important to note that the current price of MLN has retreated by -92.39% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether MLN is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in MLN or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of MLN, if you want to buy or sell MLN, you can consider Bitget for your trading needs. The best place to buy MLN is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Enzyme has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Enzyme. Here's a step-by-step guide on how to buy Enzyme on Bitget.

How to get Enzyme through other methods?

Using cash to buy Enzyme is not the only way to obtain Enzyme. If you have the time to spare, you can get Enzyme for free.
Learn how to earn Enzyme for free through the Learn2Earn promotion.
Earn free Enzyme by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Enzyme airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Enzyme through Bitget Convert, Bitget Swap, or spot trading.

What is Enzyme used for and how to use Enzyme?

The use case of Enzyme may expand as the crypto market and the project itself develop. Currently, you can use MLN to achieve the following goals:
Arbitrage by trading MLN: Since MLN is a frequently traded cryptocurrency, the price of MLN is always fluctuating. Earn more MLN by buying low and selling high on the exchange. Bitget spot market provides a variety of MLN trading pairs to fully meet your needs.
Earn by staking MLN: You can also generate income through financial management methods such as staking MLN or lending MLN. Bitget Earn offers a variety of financial products designed to help you earn more income from your MLN.
Send or pay MLN: If you want to give MLN to your friends, a charity, or a fundraiser, or you want to pay someone with MLN, you can quickly and easily send MLN to the recipient through their payment address.
You can also go to the official website of the Enzyme project to learn more about the use cases of MLN. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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