How does MANA get burn? Any activity on the marketplace charges a 2.5% fee on the sale (payed by the seller). This means that the amount of MANA burned is directly tied to the activity of the platform .
Read moreIs Mana burned in Decentraland?
MANA is Decentraland’s fungible, ERC20 cryptocurrency token. MANA is burned, or spent , in exchange for LAND parcels. For a current summary of critical stats like total and circulating supply, please visit our MANA Token Information transparency dashboard.
Read moreDo Mana tokens get burned?
After the purchase of land with MANA tokens, the currency will be “burned” and a new entry in the LAND registry will be created.
Read moreIs Mana coin deflationary?
The total MANA supply following the token sale was 2,644,403,343. 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 moreHow much mana has been burned?
The original total supply was set at 2.8 billion MANA, but has been reduced as more than 600 million MANA have been burned as a result of LAND auctions.
Read moreHow much does land cost in Decentraland?
On popular metaverse platforms Sandbox and Decentraland, the smallest chunks of land are going for 3.7 ether and 3.46 eth, respectively, which translates to roughly $11,717 and $10,957 , according to a Fortune report, which cited data from Meta Metric Solutions.
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