What is MANA coin? Learn what MANA coin is in one minute

MANA Coin is the digital currency of Decentraland, a virtual reality platform where users can buy and sell virtual real estate and assets, and participate in governance through staking and voting.

Oct 07, 2024 at 09:12 am

What is MANA Coin?

Definition: MANA is the native cryptocurrency of the Decentraland virtual reality platform. It is an ERC-20 token that runs on the Ethereum blockchain.
Purpose: MANA is used primarily to purchase LAND, the digital real estate parcels within Decentraland. It can also be used to buy and sell goods and services, participate in governance, and stake for rewards.
Use Case: MANA is used to facilitate economic activity within Decentraland. It allows users to:
- Acquire LAND to create and experience immersive virtual worlds.
- Trade and invest in LAND and other virtual assets.
- Purchase items and services from creators within the platform.
Governance: MANA plays a crucial role in Decentraland's decentralized governance. Holders can participate in the Decentraland DAO (Decentralized Autonomous Organization) by staking their MANA. This enables them to vote on platform policies, distribute grants, and shape the future of the ecosystem.
Value Proposition: The value of MANA is derived from its utility within the Decentraland platform. As the platform attracts more users and businesses, the demand for LAND and other assets within it increases, leading to a potential appreciation in the value of MANA.

Additional Information:

MANA was created in 2017 during Decentraland's initial coin offering (ICO).
The total supply of MANA is 2.2 billion tokens.
MANA is listed on major cryptocurrency exchanges, including Binance, Coinbase, and Kraken.
The value of MANA is volatile and fluctuates based on supply and demand, as well as general market conditions.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

RAIN

$0.007852

113.00%

Trade Now
PIPPIN

$0.06097

51.96%

Trade Now
PARTI

$0.1396

42.04%

Trade Now
WAVES

$0.9141

41.69%

Trade Now
ARC

$0.04302

35.73%

Trade Now
HONEY

$0.01029

21.80%

Trade Now

Latest Crypto News

Work Dogs Unleashes TGE Launch, Sets Sights on Mid-2026 Listing & Ambitious $25 Token Target
2026-01-31 15:50:02
WD Coin's TGE Launch Ignites Excitement: A Billion Tokens Set to Hit the Market
2026-01-31 16:10:02
Royal Mint Launches Interactive £5 Coin for a Thrilling Code-Breaker Challenge
2026-01-31 16:10:02
Crypto, AI, and Gains: Navigating the Next Wave of Digital Assets
2026-01-31 15:50:02
Coin Nerds Forges Trust in the Digital Asset Trading Platform Landscape Amidst Evolving Market
2026-01-31 16:05:01
Blockchains, Crypto Tokens, Launching: Enterprise Solutions & Real Utility Steal the Spotlight
2026-01-31 12:30:02

Related knowledge

How to understand gas wars and set priority fees? (Minting strategy)

Jan 29,2026 at 11:00am

Understanding Gas Wars in the Context of NFT Minting1. Gas wars occur when multiple users compete to have their transactions confirmed first on Ethere...

How to buy real estate using NFTs? (RWA tokenization)

Jan 29,2026 at 07:19am

Understanding Real Estate NFTs1. Real estate NFTs represent ownership stakes in physical properties through blockchain-based tokens. 2. Each NFT is mi...

How to participate in NFT raffles and giveaways? (Premint guide)

Jan 29,2026 at 11:39pm

Understanding NFT Raffle Mechanics1. NFT raffles operate as on-chain lotteries where participants submit entries during a defined window, often by con...

How to set up an NFT gallery in a virtual world? (OnCyber tutorial)

Jan 28,2026 at 07:19am

Understanding Virtual World Infrastructure1. Virtual worlds like Decentraland, Somnium Space, and OnCyber rely on blockchain-based land ownership, whe...

How to bridge NFTs across different blockchains? (Wormhole guide)

Jan 29,2026 at 05:20am

Understanding Cross-Chain NFT Bridging1. NFTs are inherently tied to the blockchain where they are minted, making them non-transferable by default acr...

How to spot wash trading in NFT collections? (Volume analysis)

Jan 30,2026 at 09:20am

Volume Distribution Patterns1. A small number of wallets consistently account for over 70% of total trading volume across multiple floor price transac...