What is mln token (mln)?

MLN, the utility token of the protocol, helps manage digital investments. MLN also serves a purpose in the voting mechanism and network governance – for voting on inflation rate proposals, for example. MLN is additionally used for fund management execution.

What is token burning?

Many cryptocurrency projects have adopted an approach called token burning to restrict the supply of their tokens. This may conjure up images of smoke and matches, but no tokens are actually burnt in the process. They are, however, rendered unusable in the future. So, what’s the point of token burning and who does it benefit?

How does the MLN engine work?

The Engine sells ETH for MLN at a premium price then burns the purchased MLN tokens to regulate the supply and remove these tokens from the total supply. The network consists of two layers, as previously mentioned, the Fund layer and the Infrastructure layer.

What is enzyme (mln)?

Enzyme is one of the prominent projects built on top of the Ethereum blockchain. It originally launched under the name “Melon” with the ticker MLN, but later rebranded to its current project name. Interested in Enzyme (MLN), but not sure what it’s all about or where to even begin? No worries.