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Bitbuy | Buy Decentraland
Are you looking to dip your toes in the Metaverse? You’re in the right place! Decentraland is a metaverse and Web 3 project launched in 2017 that is widely considered as the first fully decentralized virtual reality. As its main cryptocurrency, MANA has caught the eye of investors looking to make an impact on this up-and-coming digital space.
Decentraland: A Primer
MANA is the native cryptocurrency of Decentraland, an open-source 3D virtual reality platform powered by Ethereum. Holders can use MANA to buy, develop, and experience products and services in the Decentraland space.
MANA is an ERC-20 token and it is fungible. This means that unlike LAND and Estate, the two other Decentraland tokens, MANA is exchangeable and can be used as currency.
Decentraland’s marketplace offers a variety of products and services all priced in MANA. Some examples of items that can be purchased with MANA in the Decentraland ecosystem include NFTs, virtual land parcels, games, and other digital artworks.
On top of being Decentraland’s currency, MANA gives holders voting power in the Decentraland DAO. DAOs (Decentralized Autonomous Organizations) are organizations that operate based on a set of rules enforced by smart contracts.
MANA can be converted into units of wrapped MANA (wMANA) which give holders the authority to create proposals in the Decentraland DAO and vote on proposals created by other users. Holding more MANA increases voting power on topics including policy changes, subsidies for new developments, and land auctions in Decentraland’s ecosystem.
How to Buy and Sell Decentraland with Bitbuy
Buying MANA on Bitbuy is easy and can be done in 3 quick steps.
- First, sign up for an account on Bitbuy.ca. You will need to provide your phone number and email address so we can verify your identity
- Once your identity has been verified, transfer funds to your account by e-transfer or bank wire, starting with as little as $50.
- Once your funds have been deposited, you can select and buy MANA along with other cryptocurrencies instantly! Use your Bitbuy account to buy, sell and trade all the cryptocurrencies on Bitbuy’s platform.
Making your place in the digital space
As the blockchain space continues to mature, the world is becoming increasingly digitized. Tokens like MANA are giving an opportunity for users globally to have a say in the development of new virtual realties. Are you looking to contribute to the future of the virtual space? If so, you may want to consider adding MANA to your portfolio. Happy trading!