Buy Decentraland MANA
MANA is the primary cryptocurrency of Decentraland, a decentralized virtual world built on the Ethereum blockchain. It is used to purchase virtual goods such as land and wearables within the Decentraland marketplace. The platform operates with two tokens: MANA and LAND. While MANA is an ERC-20 token for transactions and governance, LAND tokens are non-fungible, representing unique parcels of virtual land in the world. MANA holders can also participate in governance, making decisions on content moderation, token economics, and in-game rules, giving users control over the future direction of the platform
What is MANA?
MANA is the native cryptocurrency of Decentraland, a virtual reality platform built on the Ethereum blockchain. It serves as the primary currency for purchasing virtual land (LAND), goods, and services within the Decentraland metaverse.
How does MANA work?
MANA operates as an ERC-20 token on the Ethereum blockchain. It is used to buy virtual assets and engage in Decentraland’s decentralized governance through its DAO (Decentralized Autonomous Organization). Since MANA is Ethereum-based, it uses Ethereum's Proof of Stake consensus mechanism after Ethereum's recent transition.
What are the potential use cases for MANA?
MANA is used for purchasing virtual land, avatars, wearables, and other digital assets in Decentraland. It also plays a role in governance decisions through Decentraland’s DAO. MANA has broader applications in digital real estate, gaming, social networking, and virtual events within the metaverse.
What is the history of MANA?
Decentraland has grown rapidly since its inception, increasing its user base by over 3,300% in the past year. Its evolution has transformed it into a fully decentralized virtual world where users own and control their digital assets. MANA has seen significant adoption as Decentraland has partnered with well-known brands like Netflix and Samsung for interactive experiences.
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Frequently Asked Questions (FAQs)
What is the current price of Decentraland (MANA)?
The Decentraland price is $0.61183879 AUD, representing a -2.51% from the day prior.
Where is the best place to buy Decentraland (MANA) in Australia?
The best place to buy Decentraland (MANA) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Decentraland (MANA) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Decentraland (MANA)?
The trading volume of Decentraland (MANA) is $159.3M AUD in the last 24hrs, representing a -2.51% from the day prior.
How can I buy Decentraland (MANA)?
Decentraland (MANA) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Decentraland (MANA)?
The current market cap of Decentraland (MANA) is $1.1B AUD.
Can I convert Decentraland (MANA) to cash?
Yes - With Coinstash you can convert your Decentraland (MANA) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Decentraland (MANA) are there?
The current circulating supply of Decentraland (MANA) is 1.9B.
Is Coinstash a safe place to buy Decentraland (MANA) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Decentraland (MANA) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.