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What Is Enzyme?

Nov 9, 2022
4 min read

This blog post will cover:

  • About Enzyme (MLN)
  • Where did Enzyme (MLN) come from?
  • What are the advantages of Enzyme (MLN)?
  • What are the disadvantages of Enzyme (MLN)?
  • How to buy Enzyme (MLN)?

About Enzyme (MLN)

Enzyme is a platform for asset management based on Ethereum. There users can produce and monetize investment strategies using the freshest DeFi innovations. Enzyme gives people an ability to securely create their approaches from discretionary to ETFs and market making. 

MLN is a native token of Enzyme. It is available for exchange on SimpleSwap. 

Where did Enzyme (MLN) come from?

Enzyme, initially called Melon with token ticker MLN. It still remains the same, unlike the project naming, which has been changed in 2020. Melon appeared in 2016, its founders are Rito Trinkler and Mona El Isa. The project has a headquarter in Switzerland and started its ICO a year after the launch, in 2017. Two years later, in 2019, its team started the 1st version of Enzyme Finance protocol. The project became fully decentralized as Melon Council, an autonomous organization, took control over the network.

What are the advantages of Enzyme (MLN)?

  1. Transparency. The platform delivers complete transparency on the strategies’ performance along with the info about the way they are arranged and run. 
  2. Scalability. Enzyme gives its users an access to a base of potential savers, which simplifies the process of supporters attraction. This, in turn, helps investment strategy builders to concentrate on their work.
  3. Control. Enzyme gives people a chance to keep control over their crypto — making it possible to transfer their assets anytime they want. 

What are the disadvantages of Enzyme (MLN)?

  1. Low popularity. Enzyme doesn’t seem to be a well-known project. This might affect the price of the token and the community’s loyalty. However, rare mentions of Enzyme might be fixed if the team will work on the marketing side of the project. 
  2. Difficulty. Joining Enzyme might become an issue for the non-crypto users. However, according to the roadmap, the Enzyme team is working on this problem now.  

How to buy Enzyme (MLN)?

Want to buy MLN from the Enzyme project? Visit SimpleSwap homepage. Read the instruction to purchase MLN:

  1. Let’s assume you plan to exchange BTC for MLN. Select the crypto you wish to exchange (BTC) in the 1st drop-down list. Insert the number you want to swap.
  2. Choose MLN in the 2nd drop-down list. You will see the estimated amount that you’ll receive after the swap.
  3. Click the Exchange button.
  4. Enter the Recipient's Address. MLN will be sent to this address. Be careful and make sure you use the correct address.
  5. Create the exchange.
  6. You will see the BTC deposit address. You have to transfer the necessary amount of BTC to this address to start the exchange.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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