What is MANA coin? What can MANA coins do? How to store MANA coins?

As the native cryptocurrency of Decentraland, MANA empowers users to purchase land, govern platform development, and earn rewards within the captivating metaverse experience.

Oct 07, 2024 at 11:18 am

1. What is MANA Coin?

MANA is the native cryptocurrency of the Decentraland metaverse, a virtual world where users can create, experience, and monetize digital content and experiences. MANA coins are ERC-20 tokens built on the Ethereum blockchain.

2. What can MANA Coins Do?

MANA coins serve several functions within Decentraland:

Purchasing Land and Assets: Users can use MANA to purchase land parcels, buildings, and other digital assets within the metaverse.
Governance: MANA holders can participate in Decentraland's governance processes by voting on proposals that shape the platform's development.
Rewards and Incentives: Content creators and participants in the Decentraland ecosystem can earn MANA coins as rewards for their contributions.

3. How to Store MANA Coins?

MANA coins can be stored in a variety of cryptocurrency wallets, including:

Hardware Wallets: Ledger Nano X, Trezor Model T
Software Wallets: MetaMask, Coinbase Wallet
Exchange Wallets: Binance, Coinbase, FTX

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