How to buy Enzyme (MLN) in Australia
A beginner's guide to buying and selling MLN in Australia.
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How to buy Enzyme
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Enzyme.
- Open an account on an exchange that supports MLN.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Enzyme.
- Buy Enzyme.
Complete your Enzyme purchase and then find the best wallet to store MLN.
What is Enzyme?
Enzyme Finance, formerly known as the Melon Protocol, is a decentralised finance (DeFi) application built on the Ethereum blockchain. The platform brings asset management to the cryptocurrency community. It allows users to deposit digital assets into actively managed funds and potentially earn passive returns. Enzyme Finance opens these funds to individuals and markets these funds in complete transparency. Integrations with multiple DeFi applications also gives users exposure to DeFi from one platform. Investors can also establish their own fund. Actively managed funds in traditional finance are often limited to wealthy individuals but Enzyme Finance seeks to change that. The MLN token is used to pay for various functions within the Enzyme Finance ecosystem and is used for governance of the protocol.
Enzyme (MLN) is the 276th largest cryptocurrency in the world by market cap, valued at $92,058,887. The current price of Enzyme is $65.6, which is -5.831% lower than yesterday. Prices have ranged between $69.67 and $57.67 over the past 24 hours. All prices are listed in US dollars and accurate as of June 23, 2021 06:06 UTC.
Where to buy EnzymeFind an exchange to buy, sell and trade MLN by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Enzyme at a glance
|Total MLN supply||1,824,437|
|All time high||US$258.26|
|Notable team members||Mona El Isa|
|Partnerships||Techemy Capital, Rari Capital|
|Token uses||Platform fees|
Enzyme price performance over time
How to sell Enzyme
You can cash out your MLN with the same exchange you bought it through:
- Sign in to the exchange you have MLN on.
If you store your Enzyme in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of MLN you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Enzyme.
What to consider when buying EnzymeBefore purchasing any cryptocurrency a user should always consider the risks involved in both the token and the associated platform. For Enzyme Finance and the MLN token, these are some factors to consider:
- Supply. Upon launching Enzyme Finance, 1.25 million MLN tokens were minted. In the latest MIP7 tokenomics update, it states that 300,600 MLN tokens were released each year post the ICO. However, that annual release is now set to depreciate, starting in 2021, by 20%.
- Disinflation. To incentivise support of the protocol, all newly minted MLN tokens are given to those that maintain and develop the network. Any remaining tokens are burned to prevent the overinflation of MLN tokens. The burn model implemented should have a disinflationary effect on price.
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