Learning The Basics - Decentraland MANA

Decentraland Cryptocurrency

Official Currency: Decentraland MANA Token (info)

MANA token is the native currency of Decentraland. It is a cryptocurrency (ERC 20) and can be used to buy an avatar, wearables, Land and in-game goods and services. It also plays an important role in community votes when addressing important decisions.

The MANA contract originally stipulated there would be an inflation rate of 8% per year, however, this was reduced to 0% after a vote by the community.

The total MANA supply following the token sale was 2,644,403,343.

The current official MANA supply can be found here: MANA Dashboard

Following a community vote, this is now an ever reducing supply (deflationary), due to a 2.5% MANA marketplace fee (which is burned and removed from supply) every time a parcel of LAND, avatar or wearable is sold.

Read more about MANA burning, and the associated rates here.

MANA tokens (ERC-20) can be purchased in 4 ways:

1) Buy with USD ($) on most of the popular crypto exchanges, such as Bittrex or Binance
2) Buy with Ethereum on the official Decentraland Marketplace
3) Buy with Ethereum at Uniswap
4) Buy with USD ($) from a CoinCloud ATM (USA only)

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