- Blockchain: Ethereum
- Game(s): Decentraland
- Whitepaper:
$MANA is Decentraland’s cryptocurrency. Its purpose is to allow users of Decentraland to purchase and sell land, goods and services from and to other users. It is a fungible, Ethereum-based, ERC20 token limited to a total original supply of 2,805,886,393.
$MANA is also a governance token which, along with LAND and NAME tokens, grants users the right to join the DAO and vote on key policies (e.g. land policies and auctions, clothing/moderation policies, grants), based on the size of their holding.
$MANA can either be purchased directly or earned by selling digital goods and services in the game’s dedicated marketplace. $MANA also runs on the Polygon sidechain so that users can claim, buy, sell, and trade wearables with no transaction fees.
What are $MANA tokens used for?
- Claiming LAND: MANA is burned to acquire LAND parcels.
- In-World Purchases: Used to buy virtual goods and services.
- Marketplace Transactions: Facilitates the trade of items and experiences.
- Economic Incentives: Rewards developers and content creators.
- Secondary Market Value: Provides liquidity and value in a secondary market for LAND based on location and traffic.
How to acquire $MANA tokens?
- Community Events: Developers, creators and users may earn MANA through community events including contests held by the Decentraland Foundation.
- In-Game Rewards: MANA may be earned in some of the Decentraland’s games (e.g. <a href=”https://wondermine.wonderzone.io/”>WonderMine</a>)
- In-World Sales: MANA can be earned by selling virtual goods, services, or LAND in the Decentraland marketplace.
- Initial Distribution: Some MANA may be distributed to new users as allowances to stimulate the economy.
- Purchase on Exchanges: MANA can be bought on cryptocurrency exchanges.