Mana is the official cryptocurrency of the virtual world Decentraland. Mana is an ERC-20 token, used to buy, sell, and trade lands or other digital goods in Decentraland. Decentraland is a good example for Metaverse projects and it is one of the most famous 3D decentralized virtual worlds. Since Decentraland is decentralized, there is no big red button to shut down the virtual world. Active users are steadily growing. some digital lands with a key location inside the Decentraland are more pricey than a land lot in a major US city.
With a total market cap of over $774 million, Decentraland is the No. 97 cryptocurrency by market size. The currency symbol for Decentraland is MANA, it was launched in September 2017 and it originated in Argentina. There will only ever be 2.19 billion Decentraland tokens issued. So far 1.84 billion tokens (84.2% of the total supply) have been issued.
We found crypto protocols offering up to 16.6% APY on Decentraland deposits (3% APY CeFi, 16.6% APY DeFi) and loans as low as 6.9% APR against Decentraland used as collateral. Check out our Decentraland staking yields table and Decentraland loan rates table for further details.
The technical price analysis for Decentraland below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Decentraland.
AYes Decentraland is an NFT. NFT is an abbreviation of Non-Fungible Token, which is a special type of cryptographic token which represents something unique such as a unique piece of property. Wikipedia.
QWhat ecosystem is Decentraland part of?
ADecentraland is part of the Polygon ecosystem.
QIs it possible to stake Decentraland to generate passive income?
AYes, staking is available for Decentraland on a number of platforms. For a full list of Decentraland staking yields see our list of Decentraland staking yields.
QHow much can I earn staking Decentraland?
AYou can earn up to 16.6% APY by staking your Decentraland tokens. Check out our Decentraland staking yields table for further details.
QWhere is the best place to stake Decentraland?
ARight now the best staking rates are on Uniswap with an income rate of up to 16.6% APY.
QWhat is the difference between CeFi and DeFi staking rates for Decentraland?
AThe best CeFi staking rate that we could find for Decentraland is on YouHodler with an income rate of up to 3% APY and the best DeFi staking rate is on Uniswap with an income rate of up to 16.6% APY.
QIs it a good time to buy Decentraland?
AYou can check the technical indicators for Decentraland on the Decentraland Price Trend tab. These indicators are based on the analysis of multiple trading signals for Decentraland.
QWhere is the best place to buy Decentraland?
AYou can find the cheapest exchange on which to buy Decentraland on the Decentraland Buy tab.
QCan you get a Decentraland loan without collateral?
AAlmost all Decentraland loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is Decentraland flash loans which allow you to borrow uncollateralised Decentraland for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all Decentraland loans on the Decentraland Loans tab.
QWhich venture capital firms have invested in Decentraland?
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