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What currency is mana?

MANA coin is a platform token issued on the Decentraland platform on September 18, 2017, with a total issuance of 2.194 billion MANA. The Decentraland platform is a virtual world platform developed on the basis of blockchain. It was born as a decentralized open source project to solve the problem of some platform merchants making profits from intermediate platforms.

1. Decentraland is a distributed virtual sharing platform. On this platform, users can browse and discover content and interact with other people and entities. Users can also claim ownership of virtual territories through a blockchain-based land ledger. The territory is demarcated by rectangular coordinates (X, Y), and its owner can decide the content published on the territory, including static 3D scenes to interactive systems such as games.

Territories are irreplaceable, transferable and rare digital assets stored in Ethereum smart contracts and can be purchased with an ERC20 token called MANA. MANA can also be used to purchase digital goods and services in the virtual world.

2. Decentraland is a virtual world platform based on blockchain. It aims to solve the problem of platform operators earning intermediate platform profits for decentralized open source projects, thereby achieving a harmonious relationship between content creators and game players. A low-price payment model for a short period of time; the project uses blockchain technology to acquire and transfer virtual property rights, and allows users to hold these virtual property rights permanently, and even operate them to gain profits for their own content creation; there are no intermediary fees. , this is the biggest feature of Decentraland.

3. The biggest difference between the decentraland project and other virtual space VR projects is that Decentraland is a decentralized system, which proves that the space of Decentraland is uniquely owned by everyone and is hidden in the Internet world. It is a virtual space, rather than a space run by a company by running a server. There are no intermediary fees. This is the biggest feature of Decentraland. You don’t need anyone’s consent to use this space. As long as you run the program and connect to the network, you It can be used; secondly, the decentralized structure makes Decentraland more stable and less vulnerable to attacks; another point is that Decentraland uses the blockchain to record the ownership of users. Through an identity recognition system, users will be able to track them through encrypted signatures. and verify whether a piece of content has the consent of the original author. This is the first virtual world platform based on blockchain. You can have your own virtual space, and you can control your own virtual space and publish your own applications to create value, such as publishing your own knowledge on the virtual space platform. Property rights games, on the other hand, players can make low-cost payments directly on the virtual world platform.