Decentraland (MANA) defines itself as a virtual reality platform supported by the Ethereum blockchain, allowing users to create content and applications, experience them, and earn money from these activities.
What is Decentraland (MANA)?
Decentraland was launched following a $24 million ICO in 2017. The platform initiated its beta version in 2019 and opened to the public in February 2020. Since then, users have created a wide range of experiences among themselves: interactive games, expanding 3D scenes, and various other interactive experiences.
On the other hand, Decentraland uses two tokens: MANA and LAND. MANA is an ERC-20 token that needs to be burned to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also be used to pay for various avatars, wearable devices, names, and more in the Decentraland marketplace.
In addition, Decentraland is designed for content creators, businesses, and individuals seeking a new artistic environment, business opportunity, or source of entertainment.
In total, the decentralized gaming world, called the “Metaverse,” is divided into 90,601 LAND parcels, each represented by a non-fungible ERC-721 token. Each LAND is precisely 100 square meters and can be found at a specific coordinate in the Metaverse.
While LAND owners are free to develop their plots as they wish, much of the Metaverse is divided into various regions, each with a different size and theme. These regions were created through individual crowd sales of MANA tokens, and the LAND parcels in these regions are non-transferable.
Additionally, Decentraland was co-founded by Ariel Meilich and Esteban Ordano. Over time, both have stepped down from the main positions in the project but continue to work with Decentraland as advisors.
Although Ariel and Esteban no longer lead the project, the development of Decentraland continues, and efforts are managed by the newly established Decentraland Foundation.
According to CoinMarketCap data at the time this article was prepared, Decentraland Coin is trading at $0.2060. With a trading volume of 58,191,753 USD, it ranks 399th in market cap, trading against BTC at 0.000003718 BTC.
In addition, MANA Coin, with a 24-hour trading volume of 13,360,751 dollars, has a circulating supply of 282,467,921 MANA Coins. It is also noted that the total supply of MANA Coins is 1,000,000,000.
Where to Buy MANA Coin?
MANA Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform by trading volume.
To buy MANA Coin, one must first register with Binance and then send fiat money. After sending a fiat currency like Turkish Lira or dollars, one can buy Bitcoin (BTC), Tether (USDT), BUSD, and Ethereum (ETH) and perform a purchase in the MANA trading pair.
In addition, at Binance, users can not only buy at market value but can also place a purchase order at a lower price. For this, using the Limit tab and entering the amount and price you want to buy will be sufficient.
