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Enzyme will participate in the "Staking Summit" in Dubai on April 28.
Enzyme will participate in the “Staking Summit” in Dubai, which will take place on April 28-29.
You can find more detailed information in the official MLN tweet:
Information about MLN
Enzyme, previously known as Melon, is a decentralized protocol built on the Ethereum blockchain designed for asset management on the network. The protocol allows users to create, administer, and invest in individual on-chain investment structures.
The Enzyme platform optimizes various asset management actions, such as fund creation, investment requests, and transaction execution. To utilize the platform’s services, users incur costs known as Asset Management Gas Unit (AMGU), which are paid in ETH. The governing body, Enzyme Council DAO, has the right to adjust the price of AMGU based on prevailing network conditions.
The native token Enzyme, MLN, follows a monetization and burning model. Every year, 300,600 MLN tokens are minted, the distribution of which is determined by voting. The primary purpose of these tokens is to compensate the work of developers and participants who support the platform’s operation. After receiving fees in ETH, the Melon contract buys MLN and conducts the burning procedure every 30 days.