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Good afternoon, dear visitors. In this article you will learn that the cryptocurrency MANA is the base currency of the virtual world Decentraland, as well as about its features and advantages.
You probably realize that the future is virtual reality and digital currency, which includes MANA cryptocurrency. It will be great when you are fully immersed in the game, and will feel like in the real world. And I think a lot of people will disappear and be immersed in this alternate reality. But that’s not what we’re talking about right now, right now we’re talking about the Decentraland project.
Decentraland itself is a VR platform where players can purchase a virtual plot of land for themselves. For example, right now 1 plot(1 LAND) can be purchased for 1000 MANA. Here is a little bit of information about the MANA rate as of today.
On this chart we see a good rise in the price of the currency and its stability.
Information taken from the analytical portal
Cryptocurrency MANA. Decentraland project
Now let’s talk more about the Decentraland project itself. Decentraland creates a VR platform where you will be the owner, creator and player. In fact, it can easily be called a second life.
The project, in its essence, is also aimed at solving problems related to the centralization of platforms where games and other applications are placed. You probably know that the various platforms require a considerable amount of money for admission to their market. Decentraland is doing a very noble thing, thus changing the current situation, and inviting everyone to their platform.The concept is that this VR world is completely owned by the users, and content creation also depends on the users. MANA cryptocurrency is built on the Ethereum blockchain. Link to the official website of the project: Decantraland
Year of the project’s creation: 2015.
Market capitalization: 22. 252. 428 $.
Issue volume: 2. 805. 886. 393 coins.
Protection method: PoS and Raiden.
Project manager: AriMeilich (AriMeilich).
Technical Director: EstebanOrdano (Esteban Ordano).
Financial situation in Decentraland
Finally, about the financial situation in Decentraland. Earnings come from the valuation of MANA tokens and their consumption in the Decentraland VR world.
The more attention the Decentraland VR world receives, the higher the price of Decentraland’s currency gets. By doing so, Decentraland would have an active market to exchange Decentraland’a currency for land, etc. within this virtual reality world.
If DecentralandVR digital goods became valuable, this could have a positive impact on the value of the MANA token.
Decentraland has teamed up with the District0x collective to provide users with the ability to trade on the secondary market.
It is traded on exchanges:
Decentraland’s future plans
Decentraland has plans to create a new version, which in turn will be a social interaction platform with a built-in economy. Land ownership rights will be implemented, which will serve as identification. It will also implement a system of instant payments, P2P system for fast communication, as well as scripts to support content. You can as well as make your own applications, as well as get real earnings. The developers called it the Iron Age of Decentraland.
- User can create, analyze content and apps, and earn earnings.
- Interaction with land plots, or rather their purchase and sale is controlled by contracts.
- The ability to make profits by creating entire neighborhoods and cities.
- Ownership of land is an identification.
- Instant payments and transfers with minimal fees.
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