Enzyme, formerly known as Melon (MLN), is a decentralized asset management platform, and MLN is its native token. A blockchain-based platform designed for asset management in the digital age.
Enzyme is built on the Ethereum blockchain and utilizes smart contracts for its operations.
It allows users to create, manage, and invest in decentralized asset management strategies called “Melon Funds.” These funds are smart contract-based and can hold various digital assets.
Melon Funds are governed and managed through smart contracts on the Ethereum blockchain. These contracts define the rules, fee structures, and operations of the funds.
MLN Token
The MLN token is the native cryptocurrency of the Melon platform. Token holders have governance rights within the Melon ecosystem, allowing them to propose and vote on protocol upgrades and changes.
MLN tokens are used to pay fees for creating and managing Melon Funds, as well as for transactions within the platform.
Enzyme is an open-source project, and its smart contract code is publicly auditable, ensuring transparency and security.
Source: https://coinidol.com/enzyme-mln-token/