What is the total amount of MLN coins? Introduction to the total issuance and circulation of MLN coins

The original intention of Melon was to help various types of investors manage their investment portfolios more safely and quickly. Whether you are an individual investor or an investment manager in an institution, you can find it on this platform. Services that suit you. The Melon platform runs through smart contracts, so its operating costs are very low.

The latest price of MLN coins

＄24.03 ≈ ¥174.36

Introduction to the total issuance and total circulation of MLN coins

According to the editor’s investigation, the total issuance of MLN coins is 1.8244 million. , the total circulation volume is 1.3484 million pieces, and the circulation rate is 73.19%. Its market circulation is still good.

This project has been under construction since 2017. Enzyme launched the V2 version in early 2021, supporting more than 180 assets, adding an AMM pool that can be used in investment portfolios, short selling and liquidity mining, etc. Enzyme will launch a new DeFi product Sulu in the near future, with 9 major upgrade plans, including: increasing borrowings (previously there were only loans), tokenized transfer of portfolio (Vault) shares, integrating AAVE/Balancer and other major DeFi protocols. And will be able to inherit their mining and compensate the portfolio manager for certain transaction fees (on-chain). On December 16, 2020, the decentralized asset management protocol Melon Protocol (MLN) announced that it had officially changed its name to Enzyme Finance.

How about MLN Coin?

MELON is a digital asset management platform powered by the Ethereum blockchain. Its goal is to help different types of asset managers, whether individuals or institutions, manage their investment portfolios safely, quickly and efficiently.

In fact, asset management platforms are not very promising in the currency circle. First of all, of course, the total amount in the currency circle is still relatively small. Secondly, the credibility of this type of regulatory platform is not very good. According to the data, the team of this project is still very good, with the former CTO of Ethereum as the leader. But even so, the overall number of users of the project is still small, with only 2,065 currency-holding addresses, and the top 10 currency holdings are 88.42%. Although the project code is open source, the number of fans on social media and the platform is less than a hundred. Overall, the operation and The promotion is not very good.

Another point is that the initial price of this project is as high as 40.1 yuan, the historical high is 1868 yuan, and it is currently 23.37 yuan. The total number of tokens is 1.002 million, but the rise and fall of this price is very exaggerated. At present, it has not only fallen below the issue price but also shrunk significantly by 41.78%.

The MELON protocol consists of two parts, the melon core and the MELON module. The core is implemented by a set of smart contracts, which is the cornerstone of the platform and the rules for platform operation. The module is a custom tool chosen by many managers. The MELON platform brings asset managers, developers, and token holders together to maximize the consistency of the goals of the three parties and achieve efficient and low-cost digital asset management.

From personal analysis, because there is no supervision and the asset management platform is also very opaque, the risk of personal investment is relatively high. The investment advice is to read more and act less, 2 points

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