| Full Currency Name | /MANA |
| Currency Code | MANA |
| Coin Intro | "MANA is the platform token for Decentraland, launched on September 18, 2017, with a total supply of 2,644,403,343 MANA.
Decentraland is a blockchain-based virtual world platform designed to address the issue of intermediaries profiting from platform fees in decentralized open-source projects, enabling a low-cost payment model between content creators and gamers; it uses blockchain technology for acquiring and transferring virtual property, allowing users to permanently own these properties and even generate profits from their own content; the absence of intermediary fees is Decentralands most significant feature.
Decentraland’s economic system:
1. Land and MANA Tokens
With the advent of the Iron Age, two digital assets were introduced: land (divisible but non-fungible within this virtual world) and MANA tokens (ERC20 tokens that can be burned to acquire land and purchase goods and services).
The utility of land is based on its proximity to attention centers, ability to support applications, and its function as an identity verification mechanism. Due to developers and other content creators’ demand for land, they build applications on it, reaching targeted users. Although all unclaimed land can be purchased at the same exchange rate (1000 MANA = 1 parcel of land), there are significant differences between parcels. The price of land on secondary markets varies greatly due to differences in distance from attention centers and traffic.
On the other hand, MANA tokens serve as a medium for acquiring new land. Moreover, MANA tokens can be used to purchase goods and services, creating practical value for the token.
2. Building the Network
Ownership of land requires the acquisition of the ERC20 token MANA. MANA brings value into the Decentraland network and enables the purchase of new land. MANA can also be used to buy goods and services within the Decentraland world.
To jumpstart the network, developers and content creators receive incentives for setting up shops in Decentraland. The foundation organizes competitions to create art, games, applications, and experiences, awarding prizes based on achievements. Additionally, new users receive stipends, enabling them to participate in the economy immediately. These economic incentives help establish the practical value of the Decentraland network until it can attract users and developers independently.
The project token MANA can be used to purchase land in the game, as well as virtual game items and services. Users can use MANA tokens to buy land, with 1000 MANA tokens purchasing one parcel. Users can resell land, with prices varying based on location and development level.
MANA Founding Team and Background:
Project Lead: Ari Meilich, co-founder of Benchrise.
Founder and Technical Lead: Esteban Ordano, founder of Smart Contract Solutions and software engineer at BitPay.
The current price of MANA is $0.26685, with a 24-hour trading volume of $57,357,000. MANA has decreased by 13.51% in the past 24 hours. It currently ranks 72nd on BeeChecker with a market cap of $509,229,000. Its circulating supply is 190,831 million MANA, and the total supply is 219,317 million MANA." |
| Issue Date | 1505692800000 |
| All-Time High | $5.9105193 |
| All-Time Low | $0.00788306 |
| Total Supply | 2193179327.3201 |
| Circulating Supply | 1908319865.3916 |
| Circulating Supply Percentage | 0.8701157454932895 |
| Market Cap | 1971339288404.0002 |
| Fully Diluted Market Cap | $1.2167139124280694e-10 |
| Mkt Cap (Float) | $509229775 |
| Circulating Market Cap % of Global Total | 0.0002583166571048626 |
| Listed on Exchanges | 50 |
| Official Link | https://decentraland.org/ |
| Whitepaper | https://decentraland.org/whitepaper-cn.pdf |
| Blockchain Explorer |
"https://etherscan.io/token/decentraland",
"https://ethplorer.io/address/0x0f5d2fb29fb7d3cfee444a200298f468908cc942"
|
| Telegram |
"https://t.me/dcl_market"
|
| Github | https://github.com/decentraland/editor |
| Twitter | https://twitter.com/decentraland |
| FaceBook | https://www.facebook.com/decentraland |
| Reddit | https://www.reddit.com/r/decentraland |
