What currency is MLN? Understand the prospects and value of MLN currency in one article

MLN coin can be said to be an old digital currency in the currency circle. According to the editor of the currency circle, it has been more than four years since the MLN coin was issued on February 15, 2017. The MLN coin has once again attracted the attention of investors, mainly because With the help of DEFI, it can be said that due to the rise of the DEFI project, MLN currency began to rise sharply, and even became one of the thousand-fold coins. For old people in the currency circle, MLN currency is a relatively familiar digital currency, but for the past two years, For investors who have just entered the currency circle.

The latest price of MLN currency

＄24.03 ≈ ¥174.36

What currency is MLN?

The full English name of MLN coin is Melon, the issuance date is 2017-02-15, the issuance price is $5.8005, and the circulation volume is 1,098,448 MLN. Formerly known as Melon Protocol, the MLN coin has a new icon and name, but the MLN code and contract address remain the same. MLN is used to pay for various functions throughout the library creation process and investment lifecycle. There is currently a proposal before the MLN Board of Directors that would fundamentally change the economic model of the token.

Melon is an Ethereum-based protocol for decentralized on-chain asset management. It is a protocol for individuals or entities to manage their wealth and the wealth of others in a customizable and secure environment. Melon enables anyone to set up, manage and invest in customized on-chain investment vehicles.

MLN enables you to build and expand your vault according to the investment strategy of your choice, from discretionary and bots to ETFs and market making. Safety is our top priority. Our second generation smart contract enforcement platform is fully tested and audited prior to any mainnet deployment.

MLN Coin Outlook and Value

MLN (Melon) Value: MLN provides a simple, secure and low-cost way to set up and operate a vault. With its built-in accounting tools, it also enables you to report to your depositors in real time. MLN connects you with potential savers, making it easier to attract and build a community of supporters. This means you can focus on what you do best - developing an investment strategy.

MELON is a digital asset management platform powered by the Ethereum blockchain. Its goal is to help different types of asset managers, whether individuals or institutions, manage their investment portfolios safely, quickly and efficiently.

In fact, asset management platforms are not very promising in the currency circle. First of all, of course, the total amount in the currency circle is still relatively small. Secondly, the credibility of this type of regulatory platform is not very good. According to the data, the team of this project is still very good, with the former CTO of Ethereum as the leader. But even so, the overall number of users of the project is still small, with only 2,065 currency-holding addresses, and the top 10 currency holdings are 88.42%. Although the project code is open source, the number of fans on social media and the platform is less than a hundred. Overall, the operation and The promotion is not very good.

Another point is that the initial price of this project is as high as 40.1 yuan, the historical high is 1868 yuan, and it is currently 23.37 yuan. The total number of tokens is 1.002 million, but the price rise and fall are very exaggerated. At present, it has not only fallen below the issue price but also shrunk by 41.78%.

The MELON protocol consists of two parts, the melon core and the MELON module. The core is implemented by a set of smart contracts, which is the cornerstone of the platform and the rules for platform operation. The module is a custom tool chosen by many managers. The MELON platform brings asset managers, developers, and token holders together to maximize the consistency of the goals of the three parties and achieve efficient and low-cost digital asset management.

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