Buy Enzyme (MLN)

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What is Enzyme?

Enzyme (MLN) is a decentralised on-chain asset management system built on Ethereum. Individuals and communities can build, scale and monetise investment strategies that employ the newest innovations in decentralised finance through the use of Enzyme Smart Vaults

  • Governance of the protocol is undertaken by the Enzyme Council consisting of the Enzyme Technical Council and Enzyme User Representatives who are responsible for user interests.
  • Utilising a mint and burn model, a fixed amount of MLN tokens are issued annually and allocated after a vote is made. MLN tokens are used to compensate users who maintain the platform and developers who improve the user experience of the Enzyme platform.
  • Users will pay an AMGU (Asset Management Gas Unity) in ETH to the network for services such as requesting/executing investments and to set up a fund.

Through Enzyme, depositors can interact with Vaults in a way which is non-custodial and requires a low level of trust between parties. Live accounting is available for performance and fees with on-chain data using the Enzyme subgraph. The subgraph enables Enzyme to retrieve other useful reporting data (e.g. trade history or deposits/withdrawals) and make them transparently available to users.

How do I buy Enzyme?

Sign up to CoinSpot
Register for a CoinSpot account here & verify in minutes.
Deposit & buy
Deposit AUD into your account & enter the amount of AUD you want to trade for MLN and click "Buy".
That’s it!
You now own some Enzyme! You can click "Go to MLN Wallet" to see your Enzyme.

Learn more about Enzyme

Why Should I Trade MLN with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Enzyme no matter what your trading experience is. Unlike other international and Australian Enzyme exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Enzyme with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Enzyme how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Enzyme?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Enzyme for free.

Cold Storage

If you are holding Enzyme as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Enzyme. We are trusted by over two million customers and with just a few clicks, you can exchange Australian dollars or other cryptocurrencies for Enzyme. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Enzyme has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Enzyme is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Enzyme exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Enzyme & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Enzyme safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Enzyme portfolio here.
Yes! With CoinSpot you can convert your Enzyme to AUD (Australian dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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