-
Bitcoin $83,188.4137
0.24% - Ethereum
$1,937.9564
1.67% - Tether USDt
$1.0000
0.00% - XRP
$2.2982
0.32% - BNB
$618.1192
-2.49% - Solana
$125.8441
1.00% - USDC
$1.0000
-0.01% - Cardano
$0.7099
0.04% - Dogecoin
$0.1685
-0.01% - TRON
$0.2341
4.95% - Chainlink
$13.9565
-0.85% - UNUS SED LEO
$9.7069
-1.10% - Toncoin
$3.5937
3.59% - Stellar
$0.2797
4.05% - Avalanche
$19.1724
0.99% - Pi
$1.1546
-1.53% - Hedera
$0.1875
-0.07% - Shiba Inu
$0.0...01260
-0.67% - Sui
$2.3197
-0.42% - Polkadot
$4.5048
5.13% - MANTRA
$7.0657
2.31% - Litecoin
$90.2040
0.26% - Bitcoin Cash
$333.1925
0.30% - Bitget Token
$4.6108
3.67% - Ethena USDe
$0.9996
-0.02% - Dai
$1.0002
0.01% - Hyperliquid
$14.1190
7.73% - Monero
$208.9505
-0.97% - Uniswap
$6.3643
1.79% - Aptos
$5.4851
3.63%
What kind of currency is MANA coin? Introduction to the official website, circulation and trading platform of MANA coins
MANA, the cryptocurrency used within Decentraland, serves as the medium of exchange for virtual land purchases, allowing users to acquire virtual properties in the blockchain-based platform.
Oct 03, 2024 at 03:23 am
What is MANA Coin?
Decentraland LAND is a virtual reality platform powered by the Ethereum blockchain. MANA is the cryptocurrency used within Decentraland, and it serves as the medium of exchange for purchasing virtual land, goods, and services within the platform.
Introduction to MANA Coin
MANA was created in 2017 by Decentraland, a company founded by Esteban Ordano and Ari Meilich. The coin's main purpose is to facilitate transactions within the Decentraland platform, allowing users to purchase LAND, pay for virtual experiences, and interact with the platform's ecosystem.
Circulation of MANA Coins
The total supply of MANA coins is limited to 2.19 billion. As of September 2023, approximately 1.9 billion MANA coins are in circulation. The distribution of MANA coins is as follows:
- 40% sold during the initial coin offering (ICO) in 2017
- 20% allocated to the team and advisors
- 20% reserved for future development and partnerships
- 20% distributed to LAND owners
Trading Platforms for MANA Coins
MANA coins can be traded on various cryptocurrency exchanges, including:
- Binance
- Coinbase
- Huobi Global
- FTX
- Kraken
Use Cases of MANA Coin
Within the Decentraland platform, MANA coins are primarily used for:
- Purchasing LAND: MANA is the sole currency accepted for purchasing virtual LAND in Decentraland.
- Buying Goods and Services: Users can use MANA to buy clothing, accessories, and other virtual items within the platform.
- Paying for Experiences: MANA can be used to purchase tickets for virtual events and experiences held within Decentraland.
- Governance: MANA holders can participate in Decentraland's decentralized autonomous organization (DAO) by voting on platform decisions and proposals.
Conclusion
MANA coin is the official cryptocurrency of the Decentraland virtual reality platform. It enables users to interact with the platform's ecosystem by facilitating transactions for purchasing LAND, goods, and services. With its limited supply and wide availability on cryptocurrency exchanges, MANA plays a vital role in the growth and development of Decentraland.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Do Kwon, the Creator of the Terra Ecosystem, Is Now Facing Federal Charges of Fraud
- 2025-03-19 13:51:00
- EOS Network to Rebrand as Vaulta as It Pivots to 'Web3 Banking'
- 2025-03-19 13:51:00
- Hesitate, and You Might Miss the Next Meme Coin That Turns a Small Bag Into a Moon-Bound Fortune
- 2025-03-19 13:51:00
- Xapo Bank Introduces Bitcoin-Backed Loans, Revolutionizing the Crypto Credit Market
- 2025-03-19 13:45:59
- BlockDAG's $203.5M Run Accelerates with SpaceDev Deal While ETH & HBAR Struggle
- 2025-03-19 13:30:59
- Today's market presents a general recovery trend.
- 2025-03-19 13:26:00
Related knowledge
What are the trading platforms of NFT?
Mar 19,2025 at 04:00am
Key Points:NFTs are traded on various platforms, each with unique features and strengths.Choosing the right platform depends on factors like the NFT type, desired features, fees, and community.Popular platforms offer diverse functionalities including auctions, fixed-price sales, and marketplace browsing.Security and legitimacy are crucial considerations...
In what aspects is the collection value of NFT reflected?
Mar 16,2025 at 03:01am
Key Points:Rarity and Scarcity: NFT value is intrinsically tied to its limited supply. Unique attributes or extremely low mintage numbers significantly boost value.Artistic Merit and Utility: The aesthetic appeal and practical functionality of an NFT directly impact its desirability and, consequently, its collectible value.Community and Brand Recognitio...
What is the trading process of NFT?
Mar 16,2025 at 11:15am
Key Points:NFTs are traded on various marketplaces, each with its own process.The process generally involves listing, bidding, buying, and transferring ownership.Secure storage of NFTs via wallets is crucial throughout the process.Understanding gas fees and blockchain transaction times is essential.Different marketplaces offer different functionalities ...
How is NFT stored on the blockchain?
Mar 17,2025 at 08:35am
Key Points:NFTs are not stored directly on the blockchain in their entirety. Instead, only metadata pointing to the NFT's location is stored.This metadata includes a link to the actual file (image, video, etc.) stored off-chain, usually on a decentralized storage network or a centralized server.The blockchain acts as a verifiable ledger of ownership and...
How is NFT different from cryptocurrency?
Mar 18,2025 at 02:36am
Key Points:NFTs represent unique, non-fungible assets, unlike cryptocurrencies which are fungible.NFTs are stored on a blockchain, but their value and use cases differ significantly from cryptocurrencies.Cryptocurrencies are primarily used as a medium of exchange or store of value, while NFTs represent ownership of digital or physical assets.The underly...
Does the transaction of NFT depend on a specific cryptocurrency?
Mar 15,2025 at 09:35pm
Key Points:NFTs, while often associated with Ethereum, aren't tied to a single cryptocurrency.Various blockchains support NFT transactions, each with its own cryptocurrency.The choice of cryptocurrency depends on the blockchain hosting the NFT.Transaction fees (gas fees) vary significantly across different blockchains.Understanding the blockchain and it...
What are the trading platforms of NFT?
Mar 19,2025 at 04:00am
Key Points:NFTs are traded on various platforms, each with unique features and strengths.Choosing the right platform depends on factors like the NFT type, desired features, fees, and community.Popular platforms offer diverse functionalities including auctions, fixed-price sales, and marketplace browsing.Security and legitimacy are crucial considerations...
In what aspects is the collection value of NFT reflected?
Mar 16,2025 at 03:01am
Key Points:Rarity and Scarcity: NFT value is intrinsically tied to its limited supply. Unique attributes or extremely low mintage numbers significantly boost value.Artistic Merit and Utility: The aesthetic appeal and practical functionality of an NFT directly impact its desirability and, consequently, its collectible value.Community and Brand Recognitio...
What is the trading process of NFT?
Mar 16,2025 at 11:15am
Key Points:NFTs are traded on various marketplaces, each with its own process.The process generally involves listing, bidding, buying, and transferring ownership.Secure storage of NFTs via wallets is crucial throughout the process.Understanding gas fees and blockchain transaction times is essential.Different marketplaces offer different functionalities ...
How is NFT stored on the blockchain?
Mar 17,2025 at 08:35am
Key Points:NFTs are not stored directly on the blockchain in their entirety. Instead, only metadata pointing to the NFT's location is stored.This metadata includes a link to the actual file (image, video, etc.) stored off-chain, usually on a decentralized storage network or a centralized server.The blockchain acts as a verifiable ledger of ownership and...
How is NFT different from cryptocurrency?
Mar 18,2025 at 02:36am
Key Points:NFTs represent unique, non-fungible assets, unlike cryptocurrencies which are fungible.NFTs are stored on a blockchain, but their value and use cases differ significantly from cryptocurrencies.Cryptocurrencies are primarily used as a medium of exchange or store of value, while NFTs represent ownership of digital or physical assets.The underly...
Does the transaction of NFT depend on a specific cryptocurrency?
Mar 15,2025 at 09:35pm
Key Points:NFTs, while often associated with Ethereum, aren't tied to a single cryptocurrency.Various blockchains support NFT transactions, each with its own cryptocurrency.The choice of cryptocurrency depends on the blockchain hosting the NFT.Transaction fees (gas fees) vary significantly across different blockchains.Understanding the blockchain and it...
See all articles
