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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
- 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.
- 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.
- 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)
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