What is Decentraland? All information about Decentraland (MANA)

Decentraland (MANA) price, marketcap, chart, and fundamentals info

Decentraland (MANA coin) is a virtual reality (VR) platform powered by Ethereum. Decentraland allowing you to create a new economy based solely on tokens to own land in a world called virtual reality. You can create and build anything you want when you own a piece of land there. Alternatively, you can go to casino, attend seminars, watch water music, shop with friends, visit a resort, drive your dream drive, start a business and even more than all of that. you can imagine. With just a virtual reality headset or using a web browser, you can enjoy a 360-degree virtual world.

The process of formation and development of Decentraland

It can be said that Decentraland has gone through a very difficult process to gain a huge position as it is today. That process is divided into four phases:

– Stone Age

Officially released around early 2015, Decentraland with virtual reality platform create opportunities for users to make money even beyond their imagination. In June of that same year, Mana took her first steps by creating an algorithm for accepting Bitcoin (BTC).

– Bronze Age

March 2017, the lands at Decentraland virtual reality platform takes a new step thanks to the sketching of 3D space, under the connection and support of Blockchain technology.

– Iron Age

In Q4 2017, Token Mana with ERC20 technology allows users to receive parcels of LAND lands and interact with other lands. Thanks to that, it is extremely easy to market the land according to the user’s wishes.

– Silicon period

In 2018, Decetraland made a huge turning point in its development journey. 3D virtual world with VR glasses, the laws of physics are resonated, added to Blockchain, allowing all communication to be very simple.

Mechanism of action Decentraland

MANA is based on Blockchain technology. Therefore, this coin is entirely at the discretion of the user. Users have full control over the content of the land and property they own, and they also have the right to keep all the money they make from the value they generate from other users. Users are thereby allowed to benefit from the money they earn through the sale of their own land or from whatever businesses they invest in. Besides, Decentraland platform also supports a lot of interesting and useful applications.

Some cornerstone applications:

• Content security: The entire content, including all transaction information, is strictly confidential.
• Advertisement: Like real-life advertising, local ads can be inserted and placed in the right position to place ads.
• Social network links: Thanks to this platform, everyone using the service can chat with ease.

Decentraland project information

• Project name: Decentraland
• Token symbol: MANA
• Total Supply: 2,644,403,343 MANA
• Number of tokens in circulation: 1,050,141,509 MANA

Decentraland project development team is the essential factor determining the development of the project. It can be said that they are one of the people with extensive experience in the field of virtual reality technology and Blockchain.

Featured names in the MANA project development team:

• Ari Meilich: Project Founder Decentraland (MANA) attended the University of Buenos Aires.
• Esteban Ordano: Head of Engineering. Along with Arimeilich are the founders of Streamium and Bitcore

In addition, it is impossible not to mention a powerful team of advisors with big names who have certain positions in this field, including:

Xiaolai Li (Founder of INBlockchain), Jake Brukhman (Founder of CoinFund), Luis Cuende (Aragon Project Manager), Diego Doval, Giotto De Filipi …

On the side of MANA’s collaborations, most projects have been evaluated with extremely good quality of the community, typically DNT, Aragon, …

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Decentraland transaction information

To buy MANA Coin, you can go to any exchange that accepts this coin. Currently, the MANA Coin’s coin Decentraland available in 38 different global exchanges. Typically, some extremely reputable and popular exchanges: Binance, Bitfinex, Huobi, Gate.IO, OKEx, …

To store MANA Token, you can use wallets supporting ERC-20 Token such as MyEtherWallet, Metamask, Trezor, Ledger Wallet, …

Although, the price of this coin is still erratic sometimes. Accomplished, Decentraland’s potential is arguably highEven the Mana rate is predicted to continue to grow strongly in the near future.