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    Cryptocurrencies Genesis Mana
    USD
    $0.410394 $ 0.410394
    +¥5204,24 0% 1D
    1D 1M 1Y ALL
    Updated:
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    Market Cap (USD)
    --
    24H Volume
    6.02K
    Circulating Supply
    --
    Max Supply
    --
    All Time High
    1703.12
    Rank
    --

    About

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    • About Genesis Mana (MANA)

      Decentraland is a decentralized 3D virtual reality platform based on Ethereum blockchain; It was opened to the public in February 2020 and supervised by the non-profit Decentraland Foundation.

      Decentraland was founded by Argentine Ari Meilich ICH and Esteban Ordano. It raised $26 million during the initial coin offering (ICO) in 2017.


      How does Decentraland (MANA) Work?

      Decentraland is not controlled by a centralized organization, so it is named Decentraland, which may be the suitcase of a "decentralized land". In this virtual world, landowners can publish any content or application at will - leaving the platform uncensored.

      In addition, content creators can profit by placing advertisements or directly selling their creations.

      The land parcel in Decentraland is represented by LAND token, which is a non-fungible ERC-721 token and can be obtained in the primary market using MANA token.

      MANA is the cryptocurrency of games and a fungible ERC-20 token. When Decentraland was first released in 2017, approximately 260 million MANA tokens were cast. However, during LAND primary market sales, MANA tokens were burnt when exchanged with LAND. Currently, the MANA in active circulation is 169 million.

      In the secondary market, LAND can be traded in peer-to-peer transactions using MANA. In this case, MANA will not be burnt. After purchase, the digital identity of the new owner will be registered on the Ethereum blockchain as the legal owner of the specific part of LAND.


      What is Decentraland (MANA)?

      Decentraland is a decentralized virtual reality platform driven by Ethereum blockchain. Within the Decentraland platform, users can create, experience and benefit from their content and applications.

      The limited and traversable 3D virtual space in Decentraland is called land, which is a non-fungible digital asset maintained in the Ethereum smart contract. The LAND is divided into parcels identified by Cartesian coordinates (x, y). These plots are permanently owned by community members and purchased using Decentraland's cryptocurrency token MANA. This gives users complete control over the environments and applications they create, ranging from static 3D scenes to more interactive applications or games.

      Some plots are further organized into thematic communities or areas. By organizing parcels into areas, communities can create shared spaces with common interests and uses. You can find a list of original regional proposals on GitHub. The content that constitutes Decentraland is stored and distributed through a decentralized network, and the ownership and transaction are verified on the Ethereum blockchain.


      Decentraland (MANA) Crypto Wallet

      In addition to placing MANA in the Gate.io exchange to facilitate trading, MANA can also be placed in a crypto wallet.

      Decentraland is a decentralized public platform controlled by the community. MANA is the platform's native token. Decentraland is an ERC20 token running on the Ethereum blockchain, which can be stored in wallets of various hardware and software. We will introduce some MANA wallets highly recommended by traders and investors.

      One of the best places to store Decentraland (MANA) is in a crypto hardware wallet made by Ledger or Trezor. A hardware wallet uses extremely high-end encryption technology to protect your funds from complex network attacks and even simple phishing scams that users may encounter when they deposit their funds in software or website wallets. Hardware wallets even allow users to recover money through mnemonic phrases to prevent the wallet from being stolen, damaged or otherwise damaged.

      Trust Wallet is one of the most popular wallets among traders and investors. It is a good place to store Decentraland (MANA). If you are just starting to use cryptocurrency, or just want to store your MANA on a secure device, mobile wallets may be appropriate because they provide convenience, security and backup options.

      Decentraland (MANA) can be stored in Atomic Wallet, which is a wallet that supports Android, IOS and multiple desktop versions. Atomic Wallet supports more than 300 cryptocurrencies, including MANA and all other ERC20 and BEP2 tokens. Atomic Wallet also provides Atomic Swaps and a built-in Exchange, which users can use to exchange back and forth among all supported assets, including Decentraland.

      You can also store Decentraland (MANA) in one of the most trusted and proven wallets: MyEtherWallet. All ERC20 tokens including Decentraland (MANA) can be stored on the Ethereum blockchain using MyEtherWallet without downloading any client or software.
      Expand
    • Genesis Mana Market

      Currency Price 24H Change Action
      Genesis Mana
      MANA /USDT
      3X Margin
      $0.410394 +0% Trade
      Genesis Mana
      MANA /USDT
      Futures
      $0.4063 -0.54% Trade
      Genesis Mana
      MANA /USDT
      Spot
      $0.410394 +0% Trade

    Genesis Mana FAQs

    • 1. What determines the price of Genesis Mana?
      There are two schools of thought in determining the price of Genesis Mana.

      By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Genesis Mana, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Genesis Mana from a long term perspective.

      By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Genesis Mana on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Genesis Mana as well.

      HODLers tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Genesis Mana and the cryptocurrency market as a whole.
    • 2. What is the highest price of Genesis Mana in history?
      Genesis Mana achieved the all-time high of $1703.12 in 2021-10-17, and is currently trading at $0.41.
    • 3. What is the lowest price of Genesis Mana in history?
      In 2022-10-13, Genesis Mana reached the all-time low of $0.36.
    • 4. Should I buy Genesis Mana now?
      It is important to remember that Genesis Mana, like all other cryptocurrencies, are subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, cryptocurrencies fluctuate greatly and it is important to manage your own risk level. Users are advised to do your own research when making investment decisions in the crypto market.

    Genesis Mana News

    News
    Announcements
    After FTX, Investors Are Choosing an Exchange with a Long Track Record of Best Practices in Liquidity and Risk Management

    After FTX, Investors Are Choosing an Exchange with a Long Track Record of Best Practices in Liquidity and Risk Management

    FTX's recent implosion sent shockwaves throughout the crypto world as retail and institutional investors saw billions of dollars of investments wiped out. Many investors became aware of the issue at once, triggering a widespread withdrawal that led to FTX's insolvency. Industry-wide discussions rega...
    Source: Gate.blog Posted: 2022-12-01
    What are the reliable risk management strategies?

    What are the reliable risk management strategies?

    TL: DR 1. Risk is the possibility of unfavourable outcomes in trade, which is intrinsic in all types of investment, including crypto, stocks and real estate. 2. Cryptocurrency risk management identifies, assesses, and manages the risks associated with this class of assets...
    Source: Gate.blog Posted: 2022-11-25
    How to Manage Trading Risks using Stop Losses and Take profit

    How to Manage Trading Risks using Stop Losses and Take profit

    [TL; DR] Stop loss and take profit orders are tools to manage trading risks. Stop loss and take profit help traders to avoid using emotions when making trading decisions. Traders can use moving average, average true range as well as support and resistance levels...
    Source: Gate.blog Posted: 2022-11-25
    Managing Trading Risks Using Risk-reward ratio

    Managing Trading Risks Using Risk-reward ratio

    [TL; DR] The risk-reward ratio helps traders to minimize trading losses and maximize profits. Most experienced crypto traders use the 1:1 risk-reward ratio. A stop loss is a trading tool that automates a trade exit once a price of an asset reaches a set point during a tradin...
    Source: Gate.blog Posted: 2022-11-22
    Daily News | BTC, ETH Diverge From TradFi, BofA Survey Reveals Fund Managers’ Investment Strategies

    Daily News | BTC, ETH Diverge From TradFi, BofA Survey Reveals Fund Managers’ Investment Strategies

    Fundamental & Technical Outlook 👓 Macro On Tuesday, upbeat company results, cheaper valuations and UK policy reversals have helped buoy risk sentiment which sent TradFi higher, with the DJIA (+1.14%), S&P 500 (+1.12%) and Nasdaq (+0.9%) all on a positive trajec...
    Source: Gate.blog Posted: 2022-10-19
    Optimism Released an Article to Recall the Course of the Project, Maybe Will Airdrop Management Tokens

    Optimism Released an Article to Recall the Course of the Project, Maybe Will Airdrop Management Tokens

    1. On April 19, Optimism, Ethereum layer 2 project, released an article to recall the development process of the project, suggesting that it may launch governance tokens and even carry out community airdrops. 2. An important contribution made by Optimism is the establishment of OVM. Ethereum virt...
    Source: Gate.blog Posted: 2022-04-26
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