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Enzyme MLN Price

$13.16

0.46%

$12.94

24h Range

$14.11

Market Cap

$35,108,070.9

Fully Diluted Valuation

$35,137,267.4

24 Hour Trading Vol

$12,843,465.1

Circulating Supply

2,666,985.5

Total Supply

2,667,605.1

Max Supply

2,669,203.4

Info

MLN Price Statistics

Enzyme Price

$13.16

24h Range

$12.94 - $14.11

Percent Change 1h

-0.96%

Percent Change 24h

0.46%

Percent Change 7d

-7.68%

All-time high

$258.26

All-time low

$1.79

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About Enzyme

What is Enzyme (MLN)?

Enzyme (MLN) is a decentralized asset management platform built on the Ethereum blockchain that allows users to create, manage, and invest in their own investment funds. It aims to democratize asset management by enabling both individuals and institutions to manage their portfolios with transparency and efficiency. Enzyme provides a suite of tools for fund managers, allowing them to invest in a wide range of assets, monitor performance, and automate fund operations using smart contracts.

Who are the Founders of Enzyme?

Enzyme was co-founded by Mona El Isa and Lorien Gamaroff. Mona El Isa, who has a background in finance and technology, has been a prominent advocate for decentralized finance (DeFi). Lorien Gamaroff is known for his expertise in blockchain development and innovation. Together, they have emphasized the importance of security and compliance in the decentralized finance space, positioning Enzyme as a robust platform for asset management.

How does Enzyme Work?

Enzyme operates on a blockchain-based protocol that utilizes smart contracts to automate various functions of asset management. Users can create customized investment funds by defining their investment strategies, which can include a mix of cryptocurrencies and tokens. The core components of Enzyme's functionality include:

  • Fund Creation: Users can deploy their own funds with specific parameters, including investment strategies and asset allocations.
  • Smart Contracts: Each fund is governed by smart contracts that execute trades, manage assets, and distribute profits automatically based on the fund's rules.
  • Tokenization: Investors can hold tokens representing their shares in the fund, which can be traded or redeemed.
  • Portfolio Management: Fund managers can monitor performance, track investments, and make adjustments as needed through an intuitive dashboard.

By leveraging blockchain technology, Enzyme enhances transparency, reduces costs, and enhances accessibility in asset management.

Top Use Cases of Enzyme

Enzyme has several key use cases that cater to different market participants:

  • Individual Investors: Individuals can create their own funds to manage personal investments, allowing them to take control of their financial future.
  • Fund Managers: Professional fund managers can use Enzyme to launch investment vehicles without the need for traditional financial infrastructure, reaching a broader audience.
  • Institutional Investors: Institutions can leverage Enzyme for compliance and regulatory features while maintaining the benefits of decentralized finance.
  • Investment Communities: Groups of investors can pool resources to create community-driven funds, enabling collaborative investment strategies.

How to Keep your Enzyme Safe?

Ensuring the safety of your Enzyme (MLN) holdings and investments involves several best practices:

  • Use Hardware Wallets: Store your MLN tokens in hardware wallets for enhanced security, as they are less susceptible to hacks compared to online wallets.
  • Enable Two-Factor Authentication: When accessing your Enzyme account or any related services, enable two-factor authentication (2FA) for an additional layer of security.
  • Regularly Update Software: Keep your wallets and any applications you use to access Enzyme up to date to protect against vulnerabilities.
  • Be Wary of Phishing: Always verify URLs and be cautious of unsolicited communications that may attempt to steal your credentials.

By following these practices, users can significantly reduce the risks associated with managing their Enzyme investments.

How to Invest in Enzyme (MLN)?

Investing in Enzyme (MLN) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Enzyme: Once your account is funded, you can purchase Enzyme directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Enzyme (MLN) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Enzyme using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Enzyme (MLN) in the Long Term?

Enzyme (MLN) is currently trading at $13.16 and exhibits good potential for future growth. Check the latest Enzyme (MLN) price prediction.

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