In this article, we will understand all about the Decentraland MANA coin and its price prediction going into the future.
Crypto tokens have seen significant growth in the number of users and investors over time, even though the volatility in the crypto market has gotten stronger over time, and this is all part of the crypto market dips and rise.
Decentraland MANA is another token that has seen significant growth in the crypto space given its growth in price and the number of holders and investors, given the coin’s new price.The Decentraland MANA, built on a strong network and decentralized system like other strong cryptos in the coin market, aims to establish itself as a go-to token for transactions and exchanges in the crypto space today.
Crypto investors need to understand all about any token or coin they choose to invest in. This will enable them to avoid scam tokens and not lose their funds to fraud crypto creators who invariably are present in the crypto market.
Below is the vital information about the Decentraland crypto important for investors to understand before investment.
What is Decentraland MANA?
Interested investors of the Decentraland MANA need to understand or have some basic knowledge of the coin before investing their funds into it.
Here is some basic information about the Decentraland MANA coin:
- The Decentraland platform focuses on using the virtual reality platform as a foundation for its users to earn through their content in the virtual reality world.
- The platform works easily where users purchase a virtual LAND on the platform and develop this already purchased land to a point where they can sell it and make maximum gains.
- The Decentraland MANA token runs on the Ethereum network, making it an ERC-20 token and a solid token in the world of cryptocurrency.
- Since its launch in 2019, users have created various exciting and fun content on their virtual land, including interactive games and others like 3D content.
- Investors need to understand a vital point that Decentaland uses two tokens in the crypto space, namely the MANA and the LAND.
Contract Address and Market Cap of the Decentraland MANA
It is very important for investors to also understand all about the tokenomics of the Decentraland MANA token as this will help them make an informed decision on the coin whenever they choose to invest in this.
Here are the tokenomics of the Decentralnd MANA:
- The coin has a total supply of 2.8 Billion MANA in the coin market.
- The Initial Coin Offering ICO of the token saw 40% of the entire supply sold.
- Another 20% is left for the community; this will be used as a reward to investors and holders of the token.
- There is another 20% that goes the way of early investors and holders and the team of developers and founders of the token.
- Decentraland holds 20% of the total supply of the whole coin.
- The Decentraland MANA price as at the time of writing this article is $5.25 and its contract address is 0x0f5d2fb29fb7d3cfee444a200298f468908cc942.
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How to Buy the Decentraland Token in Major Exchanges
The Decentraland coin can be purchased through simple steps that investors can take to store it in their wallet.
Here is a simple step-by-step guide on how to purchase the Decentraland MANA:
- Sign up on any major crypto exchange platform, including Binance or Coinbase.
- Verify the sent email and confirm your account on the platform to continue.
- Once done, purchase Tether USDT with fiat currency, depending on your country of residence.
- Select the Decentraland MANA coin from the list of cryptos present on the exchange platform and click on “Buy,” this will take you to an interface where you can simply buy the Decentraland MANA coin with the already purchased USDT.
- Once done, the USDT will be stored in the crypto user’s wallet.
Is Decentraland MANA a Good Investment?
Since its launch into the crypto space, the Decentraland MANA coin has seen steady growth in price and number of holders on its platform as many interested investors make use of this particular crypto token.
Many crypto users see an outstanding potential on this coin and are determined to hold the Decentralnd MANA for a long time.
It is still vital for crypto users and investors to do their research before investing their funds into any crypto token, as this will help them avoid losing their money and funds to scam tokens in the coin market.
What is your opinion on the Decentraland MANA token and its price prediction in the coming years? Share your views and thoughts in the comment section.