What is the current price of Enzyme (MLN)?

The current price of Enzyme (MLN) is 17.614561935704625 AUD, representing a -13.91 from the day prior.

Can I buy Enzyme (MLN) on Coinstash?

Yes - you can easily buy and sell Enzyme (MLN) on Coinstash. Simply login or sign up, to start buying Enzyme (MLN) in minutes.

Where is the best place to buy Enzyme (MLN) in Australia?

The best place to buy Enzyme (MLN) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Enzyme (MLN) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Enzyme (MLN)?

The trading volume of Enzyme (MLN) is 91.5M AUD in the last 24hrs, representing a -13.91 from the day prior.

How can I buy Enzyme (MLN)?

Enzyme (MLN) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Enzyme (MLN)?

The current market cap of Enzyme (MLN) is 56.8M AUD.

Can I convert Enzyme (MLN) to cash?

Yes - With Coinstash you can convert your Enzyme (MLN) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Enzyme (MLN) are there?

The current circulating supply of Enzyme (MLN) is 3.0M.

Is Coinstash a safe place to buy Enzyme (MLN) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Enzyme (MLN) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy Enzyme (MLN)

What is Enzyme?

Enzyme, formerly known as Melon Protocol, is a decentralised open-source trading protocol built on the Ethereum blockchain. It specialises in asset management and cryptocurrency portfolio management. The platform aims to decentralise traditional asset management practices, providing users the ability to create, manage, and invest in various funds without traditional barriers to entry.

How does Enzyme work?

Enzyme operates on the Ethereum blockchain using a Proof of Stake (PoS) consensus mechanism. It utilises smart contracts to manage funds, execute transactions, and enforce rules, ensuring transparency and security. The platform features liquidity pooling, allowing users to combine assets for increased capital and trading opportunities. Enzyme also boasts a modular architecture that enables users to customise investment strategies. Additionally, off-chain oracles are used to provide real-time price information, and a minting and burning mechanism helps manage the MLN token supply.

What are the potential use cases for Enzyme?

Enzyme offers several use cases, including:

Decentralised Asset Management: Allows users to create and manage their own investment funds.
DeFi Integrations: Works with other DeFi protocols like Uniswap, Aave, and Compound for broader asset access and liquidity.
Scalability Solutions: Utilises layer 2 solutions and Ethereum 2.0 for efficient transactions.
Professional-Grade Asset Management: Provides asset management tools for individuals, businesses, and DAOs.
Governance and Voting: MLN token holders can participate in governance and decision-making through Enzyme DAO.

What is the history of Enzyme?

Enzyme's journey began in 2015, founded by Mona El Isa and Rito Trinkler under the Swiss company Melonport AG. It conducted its ICO in February 2017, raising $2.9 million in 10 minutes. The mainnet launched in February 2019, transitioning governance to the Enzyme Council, a DAO. In 2020, the protocol was rebranded from Melon Protocol to Enzyme Finance. The project integrates with numerous DeFi platforms and has formed partnerships to expand its ecosystem. The MLN token is an ERC-20 token used within the ecosystem for governance and fees, with an inflationary model and no maximum supply cap.