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The issuance price and total issuance of MANA coins are understood in one article
MANA's issuance price was $0.02 in its 2017 ICO, and its finite supply of 1 billion coins has been allocated for different purposes, including sales to the public and reserves for the team and partners.
Oct 08, 2024 at 11:06 pm
Understanding the Issuance Price and Total Issuance of MANA Coins
1. Issuance Price
- The initial issuance price of MANA was $0.02 during its initial coin offering (ICO) in 2017.
2. Total Issuance
- There is a finite supply of MANA coins, with a total maximum issuance of 1 billion (1,000,000,000) MANA.
3. Allocation of Total Issuance
The total issuance of MANA coins has been allocated as follows:
- Sale to the public (ICO): 40% (400,000,000 MANA)
- Reserved for the team and company: 40% (400,000,000 MANA)
- Partner and strategic reserve: 20% (200,000,000 MANA)
4. Burn Mechanism
- MANA employs a burn mechanism called the "MANA Burn," which reduces the total supply of MANA coins.
- A portion of the transaction fees collected on the Decentraland platform are burned, effectively removing them from circulation.
5. Current Market Cap
- As of [date], the market capitalization of MANA is [current market cap].
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