Decentraland MANA

On 2024-11-24 the current Decentraland price/exchange rate is 0.5396 EUR.

Decentraland is an internet platform, i.e. a metaverse based on Ethereum's blockchain, which offers users participation in a 3D virtual world.

Decentraland users can buy and sell digital assets, explore the virtual world, communicate with each other and play games.

Decentraland also has its own native MANA token, which is the main means of payment within the Decentraland world.

It is an ERC20 token that is used for all transactions within the virtual world, and when buying land, MANA tokens are either spent or "burned", which contributes to their scarcity, thereby increasing the value of that token in the Decentraland ecosystem.

In addition to the MANA token, Decentraland also has its own individual LAND NFTs to define the ownership of individual digital land.

Transactions are validated by the Ethereum LAND smart contract that tracks all changes in the status of digital lands, such as content changes or ownership transfers.

These changes are recorded and confirmed by the Ethereum blockchain.

At the time of writing, there are 1.9 billion MANA tokens in circulation.

The maximum number of MANA tokens that can be found in circulation is around 2.19 billions.

MANA primarily facilitates transactions within the Decentraland, including the purchase of virtual goods, services, and experiences, thereby stimulating economic growth within the virtual ecosystem.

Since MANA tokens are spent or burned when buying virtual lands, there are fewer tokens in circulation, and thus the value of the token itself increases.

Decentraland works on the Ethereum blockchain, so users can count on complete decentralization, security and transparency of transactions.

MANA cannot be “classically” mined, like Bitcoin, for example.

However, users can earn MANA tokens in various ways within Decentraland's ecosystem.

In addition to the classic trading of virtual goods, users can create and sell their own digital content within Decentraland, such as virtual experiences, games or art.

In addition, MANA can be earned by participating and winning various virtual events organized by Decentraland.

Esteban Ordano and Ariel Meilich are the founders of Decentraland, which is also the name of the foundation responsible for the software's development.

Decentraland was founded in 2015, while the ICO (Initial Coin Offering) was held in 2017, which raised about 86,000 Ether (then worth $26 million) for the founders to further fund the project.

On the Bitcoin Store platform, you can easily buy Decentraland and more than 170 cryptocurrencies at the real-time exchange rate with the lowest fees.

First, you need to create and verify your account on the Bitcoin Store cryptocurrency trading platform to get full access.

After successful verification, you can deposit (EUR) to your Bitcoin Store Wallet.

Supported payment methods for deposit are:

Once we receive your payment, funds to purchase cryptocurrencies will be available on your Bitcoin Store Wallet, and you can start purchasing cryptocurrencies.

On the Bitcoin Store platform, you can easily sell more than 170 cryptocurrencies from our offer at the current exchange rate.

You can instantly sell cryptocurrencies that are stored on your Bitcoin Store Wallet.

Cryptocurrency stored on personal wallets such as Exodus, Trust Wallet, Ledger, Treasury, etc., or various trading platforms and must be transferred to your Bitcoin Store Wallet before selling.

Once the transfer is successful, you can sell your cryptocurrency. 

You can withdraw the funds directly to your bank account or keep them on your Bitcoin Store Wallet and use them for future cryptocurrency purchases.

You can buy and sell cryptocurrencies for cash in Bitcoin Store exchange offices in Zagreb, Rijeka, Osijek, and Split.

Verifying your identity via ID card is not required for all transactions up to 1000,00 EUR.

You can deposit cash directly to your Bitcoin Store account in the exchange office. 

The deposit amount will be visible immediately and ready for your next cryptocurrency purchase.

You can store Decentraland in your digital wallet. 

When it comes to cryptocurrencies, digital wallets can be divided into 2 groups - Hot Wallets and Cold Wallets.

Hot wallets include:

Cold Wallets include:

You can also store MANA on your own Bitcoin Store Wallet. 

The access and storage of cryptocurrency are free for all users who register on the Bitcoin Store Platform.

On Bitcoin Store Wallet you can: