What is the issue volume of MANA coins? One article to introduce the application scenarios of MANA coins

MANA coin is a decentralized virtual currency utilized within the virtual reality platform Decentraland, empowering users to purchase virtual land, assets, and pay for services within its metaverse.

Oct 09, 2024 at 02:42 am

1. What is MANA coin?

MANA is a decentralized virtual currency used in the decentralized virtual reality platform Decentraland. Decentraland is a virtual world built on the Ethereum blockchain, where users can create and explore virtual spaces and interact with other users using MANA.

2. What is the application scenario of MANA coin?

MANA coins have the following application scenarios:

• Purchase virtual land and assets: MANA can be used to purchase virtual land in Decentraland, build structures on that land, and purchase various virtual assets such as avatars, clothing, and other in-game items.
• Pay for goods and services: MANA can be used to pay for goods and services within Decentraland, such as virtual tours, experiences, and other interactive content created by other users.
• Reward creators: MANA can be used to reward creators for their contributions to the Decentraland platform, such as designing and developing new experiences and content.
• Governance: MANA holders can participate in the governance of Decentraland by voting on proposals that affect the future development of the platform.

3. What is the issuance volume of MANA coins?

The total issuance of MANA coins is 1 billion. The initial distribution of MANA coins was as follows:

• 40% distributed to an early investor
• 20% distributed to the Decentraland team
• 20% distributed to advisors
• 20% distributed through an initial coin offering (ICO)