MANA Price Live Data
The stay Decentraland charge these days is $4.41 USD with a 24-hour buying and selling extent of $1,689,511,733 USD. We replace our MANA to USD fee in real-time. Decentraland is down 8.12% in the ultimate 24 hours. The present day CoinMarketCap rating is #25, with a stay market cap of $8,038,543,967 USD. It has a circulating provide of 1,824,608,135 MANA cash and the max. grant is now not available.
If you would like to comprehend the place to purchase Decentraland, the pinnacle cryptocurrency exchanges for buying and selling in Decentraland inventory are presently Binance, Mandala Exchange, OKEx, CoinTiger, and FTX. You can locate others listed on our crypto exchanges page.
What Is Decentraland (MANA)?
Decentraland (MANA) defines itself as a digital actuality platform powered with the aid of the Ethereum blockchain that permits customers to create, experience, and monetize content material and applications.
In this digital world, customers buy plots of land that they can later navigate, construct upon and monetize.
Decentraland was once launched following a $24 million preliminary coin presenting (ICO) that used to be carried out in 2017. The digital world launched its closed beta in 2019 and opened to the public in February 2020. Since then, customers have created a broad vary of experiences on their parcels of LAND, inclusive of interactive games, sprawling 3D scenes and a range of different interactive experiences.
Decentraland makes use of two tokens: MANA and LAND. MANA is an ERC-20 token that have to be burned to collect non-fungible ERC-721 LAND tokens. MANA tokens can additionally be used to pay for a vary of avatars, wearables, names, and greater on the Decentraland marketplace.
Who Are the Founders of Decentraland?
Decentraland was once co-founded by way of Ariel Meilich and Esteban Ordano — each of whom have stepped down from important positions at the project, however nonetheless work alongside Decentraland as advisors.
Ariel Meilich before held the position of task lead at Decentraland between 2017 and 2020, and is a serial entrepreneur that has situated quite a few different startups, together with an on-line translation company and a CRM platform. He additionally labored as an analyst at Charles River Ventures, a distinguished Silicon Valley challenge fund.
On the different hand, Esteban Ordano is Decentraland's former tech lead and has a lengthy and different records in the cryptocurrency house working as a software program engineer at BitPay, Inc., an consultant to Matic Network and temporarily operated his very own clever contract improvement association recognized as Smart Contract Solutions.
Esteban is additionally credited with co-founding Zeppelin Solutions, an hooked up blockchain technological know-how infrastructure company.
Although Ariel and Estaban are no longer main the project, the improvement of Decentraland is nevertheless ongoing, with efforts being directed by way of the currently mounted Decentraland Foundation.
What Makes Decentraland Unique?
Decentraland is constructed for content material creators, groups and humans that are searching for a new inventive medium, commercial enterprise opportunity, or supply of entertainment.
In total, the Decentraland gameworld — termed the “Metaverse” — is divided into 90,601 person parcels of LAND, every of which is represented by using an ERC-721 non-fungible token. Each LAND is precisely 16m x 16m (256 rectangular meters) and can be observed at a unique coordinate in the Metaverse.
Though LAND holders are free to strengthen their plot into some thing they choose, a great deal of the Metaverse is largely divided into quite a few districts, every of which has a exceptional measurement and theme. These districts have been generated via man or woman crowdsales for MANA tokens, and parcels of LAND in these districts can't be traded.
As of January 2021, the cyberpunk-themed Aetheria is the biggest district — comprising a whole of 8,008 LAND.
Decentraland is additionally one of the developing quantity of tasks to use a decentralized self sufficient corporation (DAO) shape for governance decisions. As a result, MANA toker holders are in manage of how the Decentraland world behaves, with the aid of proposing and vote casting on coverage updates, the specifics of upcoming LAND auctions and the kinds of content material that are allowed with the Metaverse.
Besides being a innovative outlet, many Decentraland customers presently monetize their LAND via leasing, advertising and marketing and paid experiences. Likewise, different customers generate an profits by way of developing and promoting objects on the Decentraland market for MANA tokens.
How Many Decentraland (MANA) Coins Are There in Circulation?
As of January 2021, simply north of 1.49 billion MANA tokens have been in circulation. This is equal to round 68% of the contemporary whole grant of 2.19 billion MANA.
The authentic whole provide used to be set at 2.8 billion MANA, however has been decreased as greater than 600 million MANA have been burned as a end result of LAND auctions.
There is additionally a vary of in addition burn mechanisms in area to similarly decrease the circulating provide of MANA, together with a 2.5% MANA burn on Decentraland market transactions.
MANA was once in the beginning designed to inflate at eight percentage in the first year, reducing steadily over time to decrease the price of inflation. But inflation is presently disabled. As per the Decentraland glossary, there are no plans to provoke this inflation "until necessary".
In total, 40% of the MANA provide was once bought at some point of the 2017 preliminary coin presenting (ICO). In addition, 20% was once reserved to incentivize the community, 20% went to the improvement group and different early contributors, and the ultimate 20% was once held by means of Decentraland. Project lead tokens are no longer vested.
How Is the Decentraland Network Secured?
MANA is an ERC-20 token. This potential it is based totally on the Ethereum blockchain.
Ethereum is secured by using a big decentralized community of miners, which work collectively with lots of nodes to make sure the Ethereum blockchain—and consequently the MANA tokens—is blanketed towards attacks.
As one of the most battle-tested blockchains in modern usage, Ethereum is presently the most famous community for crypto tokens that don’t have their personal native blockchain.
Where Can You Buy Decentraland (MANA)?
The MANA token presently advantages from magnificent liquidity and can be purchased, traded or bought on round one hundred specific change platforms. As of January 2021, Binance, OKEx and Coinbase Pro are amongst the most liquid exchanges for MANA tokens. A full listing of on hand markets can be observed in the “Markets” section.
MANA can presently be traded in opposition to Bitcoin (BTC), Tether (USDT), and Ethereum (ETH) — and can be bought with a vary of fiat currencies, includin
Decentraland Overview
Coin Name | Decentraland |
Coin Symbol | MANA |
USD Price | $ 4.29 |
Marketcap | $ 7,821,897,390 |
24h Volume | $ 1,307,392,616 |
Total Supply | 2,193,971,027 |