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 moreDoes mana get burned?
In storylines, mana burn happens when a wizard holds mana and doesn’t use it to cast the spell . Such a wizard can seriously suffer from it, be killed, or even be burned to ash if the amount of mana was too big. Some victims of mana burn can also be turned into the Fallen.
Read moreHow much mana is burned?
Mana Burn will destroy 10% of the target’s mana . If the actual amount is greater than 20% of your maximum mana, it will destroy only an amount equal to 20% of your maximum mana.
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 moreDoes Mana coin get burned?
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 more