What is MANA?
MANA is the native cryptocurrency of Decentraland, a 3D virtual world or metaverse based on blockchain. It is an ERC-20 token built on the Ethereum network.
What is MANA used for?
MANA has two main functions in Decentraland:
1. Medium of exchange: It is used to buy and sell:
· Virtual lands (LAND): Parcels of digital land.
· Goods and services: Clothing for avatars, objects, experiences, names, etc.
· Events: Tickets to concerts, exhibitions, and other virtual events.
2. Governance: MANA holders can participate in decision-making regarding the future of Decentraland through a decentralized governance system (DAO).
Key features
· Decentralization: It is not controlled by any central company.
· Real ownership: What you buy (lands, objects) is truly yours through NFTs.
· Open economy: Anyone can create and monetize content.
· Interoperability: Assets can be exchanged outside of the platform.
How does it differ from other cryptocurrencies?
Unlike Bitcoin or Ethereum, which are general-purpose currencies, MANA is specifically designed to function within the Decentraland ecosystem, although it can be bought and sold on exchanges like any other cryptocurrency.
Where can MANA be purchased?
You can acquire MANA on popular exchanges such as:
· Binance
· Coinbase
· Kraken
· Huobi
In summary: MANA is the "money" and governance tool of the Decentraland metaverse, allowing users to participate in its virtual economy and make decisions about its development.
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