Coins Wiki: Decentraland ($MANA)

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MANA

Token name	MANA
Ticker	MANA
Website	Decentraland
Whitepaper	Decentraland Whitepaper
Network	Ethereum
Game Style	Open-World; Virtual-Reality; Simulation; Metaverse; Mini-Games; Build-to-Earn
Summary of Token	Decentraland is a 3D virtual world browser-based platform where users can create, explore, and trade, it is the first-ever virtual world built by users and owned by its users.
Overview of Token	Decentraland allows users to explore LANDs owned by others users to experience incredible scenes and structures, from a space adventure to a medieval dungeon maze to entire villages crafted from the minds of community members. Decentraland tests the limits of your imagination, allowing you to create scenes, artworks, challenges, and more, by using the simple Builder Tool to take part in events and win prizes. For experienced creators, the SDK provides the tools to fill the world with social games and applications. You can trade LAND, Estates, Avatar wearables, and names in the Decentraland Marketplace: stocking the very best digital goods and paraphernalia backed by the Ethereum blockchain. Creators Determine the future of the virtual world in the first fully decentralized world. Decentraland is controlled via the DAO, which owns the most important smart contracts and assets of the game. Via DAO, you decide and vote on how the world in Decentraland works.
Audit	Certik
VCs & Investors	Animoca Brands, Boost VC, Fundamental Labs, Genesis One Capital, Kosmos Ventures, INBlockchain, Fabric Ventures, Digital Currency Group
Total Funding	US$25,000,000. 4 Rounds of Fund Raising
Advisors & Partners	Lee Lin Liew (Epiphany); Jake Brukhman (CoinFund); Xiaolai Li (INBlockchain); Diego Doval (Ning Interactive); Justin Waldron (Zynga); Luis Cuende (Aragon); Giotto De Filippi (Jur)
Private Investors	Adam Draper (Boost VC), George Burke (Founderpool)
Circulating Supply	1,815,795,180
Contract Address	0x0f5d2fb29fb7d3cfee444a200298f468908cc942
Max Supply	2,193,441,827
Number of Holders	273,103*
Blockchain	ETH
Consensus Mechanism	Decentralized Storage System
Year in-corporated	2017
Governance Token	$MANA
Fun Facts	Many huge worldwide names like Adidas, Pricewaterhouse Coopers, and Snoop Dogg own LAND in Decentraland.Someone paid $450,000 to be neighbours with Snoop Dogg!
Where to Buy & Sell	Trade MANA on CoinsPro or Coins.ph, a BSP-regulated licensed crypto wallet in The Philippines
Token Use Cases	In Decentraland, users can create in-game items which are NFTs or purchase land to build services that users can subscribe to for staking or even gaming. The token $MANA is the in-game currency that can be used to claim Land Parcels which is the in-game LAND. As part of the tokenomics, $MANA will be burnt every time the token is used to claim LAND, the in-game real estate.
Utility Token	$wMANA
Utility Token Use Case	To vote on proposals for the game or changes in the protocol, users must keep their tokens and NFTs “wrapped”. Each wMANA (wrapped mana) gives you one unit of voting power, while each parcel of Land and each Estate gives you 2,000 units of voting power. In Decentraland, “wrapping” or “encapsulating” MANA refers to locking (or staking) it into the DAO, for a certain period of time. When you wrap your MANA, you can no longer spend or transfer, until it’s unlocked or unwrapped. To use LAND and Estate tokens in voting, you must register them with DAO, but this does not block them - you can still use them normally when registered.
	^{*as of writing}

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