Through the course of this article, we will understand all about the Decentraland MANA token and its price prediction going into the future.
Given the recent high volatility in the crypto space, especially in 2021, it is no surprise that many crypto tokens have seen both high growth and significant dips in price and percentage in the coin market.
Decentraland is another major token in the crypto world that has seen significant growth in the crypto space, being termed as one of investors and holders favorite in the coin market today.
In this article, interested investors and crypto users will understand all about the Decentraland coin and what makes it unique and significant in the coin market today and all the more reason why the predictions show higher prices soon for the Decentraland.
It is also vital for investors to do their basic research on this token and other tokens before investing their funds and time into it. This will help them make the best decision and get maximum profits from their investment.
What is Decentraland MANA?
For interested investors and crypto users who would like to invest in this project, it is essential to understand everything about this coin and its meaning in the crypto market.
Here is some basic information about the Decentaland MANA:
- Decentraland is a unique cryptocurrency platform that uses the virtual reality world to enable users to create and put value on their products and materials in the platform.
- The platform is an Ethereum powered platform. This simply means it is an ERC-20 token that runs on the Ethereum Network.
- The platform works in a very simple and straightforward way – users purchase a virtual lad and then build and develop the land to a point where they can monetize it.
- The token was launched in 2019 and was opened to the general public by February of 2020. Since then, users have created various fun and innovative things on their land, from 3D materials to interactive games and other fun things.
- It is important to note that the Decentraland platform uses two tokens, namely MANA and LAND.
What Makes the Decentraland Project Unique?
The Decentraland project creates an enabling platform for crypto users and investors; this makes an ideal project for content creators, virtual business owners, and other individuals involved in innovative and creative works.
Also, with its Decentralized Autonomous Organization DAO, the Decentraland project becomes one of the leading projects to use the DAO to handle its vital decisions and governance decisions.
Many users of the Decentraland project currently maximize profits through advertising, leasing, and other paid experiences.
Decentraland Contract Address and Market Cap
Interested investors and crypto users need to understand the tokenomics and white paper of a token before investing their funds into any of these tokens. This also determines the success of tokens in the coin market to some extent.
Here are the tokenomics of the Decentralnad project:
- There is a total of 2.8 Billion MANA in supply in the coin market.
- 40% of the whole supply was sold during the initial coin offering of the coin in 2017.
- 20% of the entire coin is allocated to the community as a reward to holders and investors.
- Another 20% also went to the founders and team of developers of the Decentraland project and its early investors.
- The Decentraland just holds the last 20% of the total supply.
Price and Contract Address
As of writing this article, the Decentraland token has seen a significant increase in its price over time. The price of the token is – $3.92.
The contract address of the token is – 0x0f5d2fb29fb7d3cfee444a200298f468908cc942.
How to Buy the Decentraland Token
Since its launch, the Decentraland MANA has been listed on many major trading platforms. Even during the early parts of this year, others like Binance, OKEX, and even Coinbase Pro listed the Decentralnd token, making it a substantial token in the crypto space.
Here is a simple step-by-step guide on how to buy the Decentraland MANA token:
- Sign up on major exchanges, including Binance, Coinbase, and others.
- Verify your account and confirm your email.
- Once done, purchase the Tether USDT, which is a stable coin of dollar equivalence as this is the token that will be used for the transaction to buy the Decentraland MANA.
- Select the Decentraland MANA from the list of tokens, and click buy as this will take you to the page where the user can purchase this with the USDT.
- On the next page, exchange the USDT for the Decentraland MANA. This will easily buy and store the Decentraland MANA in the investor’s wallet.
This is a simple way for users and investors to buy and store the Decentraland MANA token in their wallets with ease and no hassles.
Is Decentraland MANA a Good Investment?
Given its strong presence and dominance in the crypto space and coin market, the Decentraland MANA has become an investors’ favorite. This reflects on the price and number of holders of this particular token.
Many holders and investors see quite a great potential in this crypto and have since made it a major token for investment to maximize daily profits and gains in the crypto market.
It is still very advisable for crypto users and investors to do their basic research before investing and putting their funds into any crypto token and coin to avoid running into any scam tokens in the crypto space. There are many scams and illegitimate tokens in it the crypto market.
Since many tokens recently have been found out to be scam tokens from Squid Game token, which was a major one that scammed individuals of their hard-earned funds after sky-rocketing to a price of more than $2000 but users cannot convert the token using the pancakeswap exchange platform.
This is just one of the major scams which the crypto space has seen recently; this is clearly why crypto users and investors must know all about a particular token or coin before investing in this token.
What are your thoughts and view on the Decentraland MANA token and its price prediction going into the future? Share your opinion in the comment section.