Malinka PriceMLNK

What is Malinka (MLNK)?

Malinka (MLNK) is a cryptocurrency that operates on the EOS blockchain. According to CryptoRank, users receive MLNK as a reward for providing liquidity in pools designated for currency conversion. Malinka is the native reward token of PayCash, a decentralized finance ecosystem built on smart contracts on the EOS blockchain, and functions as a liquidity token within that ecosystem. According to CoinMarketCap registry data, Malinka launched on 2021-12-16 and was listed on CoinMarketCap on 2022-06-15. Malinka is categorized as a DEX Token by LiveCoinWatch, indicating its association with decentralized exchange functionality. The project has a maximum supply of 26,242,678,247 MLNK. Circulating supply figures are inconsistent: static registry data lists 0 MLNK, while CoinMarketCap also shows a self-reported circulating supply of 26.24B MLNK (100%). The token is not mineable and was not premined, according to LiveCoinWatch. CertiK assigns the project a rating of 3.0 (on CertiK's own scale); this is an assessment score, not a guarantee of safety.

Key Specifications & Tokenomics

• Name: Malinka
• Ticker / Symbol: MLNK
• Blockchain: EOS
• Token Category: DEX Tokens
• Launch Year: 2021
• Total Supply: 26,242,678,247 MLNK
• Max Supply: 26,242,678,247 MLNK
• Circulating Supply: 0 MLNK (static registry data); 26.24B MLNK self-reported (100%)
• Mineable: No
• Premined: No
• Official Website: https://paycashswap.com
• Contract Address (EOS): MLNK-eos-swap.pcash

Who created Malinka?

According to CoinMarketCap, the founders listed for Malinka include Malinka Walaliyadde, Szymon Malinka, R M Malinka Walaliyadde, and Justin Sun. No investor or funding information is present in the materials. It is worth noting that search results for "Malinka" also surfaced unrelated entities, including a Polish DJ and producer named Malinka and MALINKA LIMITED at Companies House, but these are not confirmed to be related to the MLNK cryptocurrency.

How does Malinka work?

Malinka operates on the EOS blockchain, a platform known for its delegated proof-of-stake consensus mechanism and high-throughput capabilities. According to CryptoRank, the token functions as a reward mechanism for users who provide liquidity in pools for currency conversion. This means that participants who contribute assets to these liquidity pools receive MLNK tokens as compensation, incentivizing the provision of capital that enables currency swaps. The token is classified as a DEX Token by LiveCoinWatch, which aligns with its role in facilitating decentralized exchange activities. MLNK is accrued every second to liquidity pool investors as a bonus; users may withdraw their deposit at any time and collect all MLNK earned. This is a liquidity-incentive mechanism rather than proof-of-work mining. Emission is capped at 26.25 billion coins and, per the project's algorithm, distribution stops after 500 million blockchain blocks (about 8 years). In parallel, a smart contract burns a certain amount of MLNK daily using funds earned from exchange commissions on PayCashSwap. The EOS contract address for MLNK is MLNK-eos-swap.pcash.

What makes Malinka unique and valuable?

Malinka's primary distinguishing feature is its role within the EOS ecosystem as a reward token for liquidity provision in currency conversion pools. By incentivizing users to supply liquidity, the project aims to facilitate efficient currency swaps on the EOS blockchain. The token's classification as a DEX Token further underscores its utility within decentralized exchange environments. However, it is important to note that circulating supply figures are inconsistent, and the token's price has shown significant volatility, with price data varying across trackers. The unique value proposition centers on its integration with EOS-based currency conversion and liquidity incentives, though the project remains in an early stage with limited public information about its broader ecosystem and adoption.

What is Malinka used for?

The primary use case for Malinka (MLNK) is as a reward for users who provide liquidity in pools for currency conversion on the EOS blockchain, as stated by CryptoRank. By supplying assets to these pools, users enable currency swaps and receive MLNK tokens as compensation. The project states that MLNK can be used to transfer funds immediately and free of charge to other wallets, to set up automatic inheritance for family members, and to exchange various tokens through liquidity pools on PayCashSwap. MLNK is traded on several platforms, and its price fluctuates with the market. Trading carries the risk of loss, and past price movements do not guarantee future results. MLNK is tracked on major price platforms including CoinMarketCap, Coinbase, Crypto.com, and Binance. Overall, MLNK serves both as an incentive mechanism within its native liquidity pools and as a tradable digital asset.

How Is the Malinka ecosystem developing?

The development of the Malinka ecosystem appears to be at an early stage, based on the available data. The token was launched in 2021, but circulating supply figures are inconsistent, and BTCC reports that 100.00% of tokens remain to be circulated. The project has a presence on several cryptocurrency data platforms, including Coinbase, Crypto.com, Binance, Bitget, KuCoin, BTCC, CoinCarp, LiveCoinWatch, CoinMarketCap, BitInfoCharts, CryptoRank, Yahoo Finance, and iocharts.io. However, KuCoin notes that it currently does not support Malinka (MLNK) despite supporting over 700 other cryptocurrencies. Registry data records 9 active markets but $0.00 traded over the last 24 hours, indicating minimal observable trading liquidity. Official social channels referenced include a Telegram chat (t.me/paycashchat) and a Twitter account (twitter.com/PayCashTweet). The ecosystem's growth potential is referenced by iocharts.io, but concrete development milestones or partnerships are not detailed in the available information.

How to mine Malinka?

Malinka (MLNK) is not mineable, according to LiveCoinWatch. The token was also not premined. This means that traditional proof-of-work mining, which involves solving complex mathematical problems to validate transactions and earn rewards, is not applicable to MLNK. Instead, the token is distributed as a reward for providing liquidity in pools for currency conversion on the EOS blockchain, as described by CryptoRank. Users who wish to acquire MLNK can do so by participating in these liquidity pools, or by purchasing the token on exchanges where it is available. The absence of mining and premine suggests that the token's distribution model is entirely reliant on liquidity incentives and market acquisition. MLNK is accrued every second to liquidity pool investors as a bonus; users may withdraw their deposit at any time and collect all MLNK earned. This is a liquidity-incentive mechanism rather than proof-of-work mining. The EOS blockchain itself uses a delegated proof-of-stake consensus, but that is a network-level mechanism and does not imply that MLNK can be staked for rewards.

How to keep your Malinka Coin safe?

Keeping Malinka (MLNK) safe involves standard cryptocurrency security practices. Since MLNK operates on the EOS blockchain, users should use wallets that support EOS-based tokens. It is advisable to store tokens in a reputable wallet where the user controls the private keys, rather than leaving them on an exchange. Hardware wallets that support EOS can provide an additional layer of security by keeping private keys offline. Users should be cautious of phishing attempts and only interact with official websites and verified platforms. The official website for Malinka is listed as https://paycashswap.com. When participating in liquidity pools, users should understand the risks involved, including impermanent loss and smart contract vulnerabilities. It is also important to verify contract addresses before interacting with them; the EOS contract address for MLNK is MLNK-eos-swap.pcash. Given that the project is in an early stage with limited public information, users should exercise heightened caution and conduct their own research before engaging with the token. There is no specific risk, controversy, or regulatory information about MLNK present in the materials, but the general volatility of cryptocurrencies and the early stage of the project warrant careful consideration.