What is Decentraland (MANA)?
Decentraland first showed itself in 2017, with a white paper published in March of that year. Essentially, it’s a blockchain-based virtual gaming platform where users can create avatars and co-exist in a virtual universe – or metaverse. Inside this metaverse, users can buy, build on and sell LAND. LAND is not real land of course but is a non-fungible token that represents a full ownership of land inside the Decentarland metaverse.
Every plot of LAND is 100% unique and users can decide what goes on that plot. It can be an interactive experience, a building to explore, it could even be a place to advertise their digital content. Since there is a limited amount of LAND inside Decentraland, the value of these plots will ideally increase over time, offering an investment opportunity for these virtual real estate developers.
What are the Benefits of Decentraland (MANA)?
Decentralized may seem like just a virtual reality game to some but it does have some benefits to this economy and for investors. For one example:
Global interaction: Decentraland is a shared, virtual world. It offers new opportunities for people all around the world to interact, share ideas and create content.
A new economy: Decentraland is creating a new economy where users can buy, sell and trade assets just as they would in real-world markets. It also offers new avenues for content creators to monetize their content and applications.
Decentralized: Unlike other popular virtual reality games like Second Life, Decentraland is not controlled by any centralized authority or company. It’s fully decentralized, owned, and operated by its uses.
Should I buy Decentraland (MANA)?
Decentraland is currently one of the leading decentralized metaverse concepts in the entire world. Its native token consistently ranks in the top 50 cryptocurrencies by market cap. If the project continues to grow in popularity and continues to improve, then surely, the price of MANA will grow with it. So if you're someone who believes in the future of the metaverse, and especially Decentraland, then buying MANA makes sense.
How to get an instant MANA loan
Don’t sell your MANA. Use it as collateral for an instant crypto loan and get up to 90% of your collateral’s value in a variety of currencies. We have MANA to USD loans, MANA to EUR loans, MANA to GBP loans, MANA to CHF loans, and stablecoin loans as well. Simply deposit MANA today, choose a loan plan – or create a custom one yourself – and you’ll receive up to 30,000 in a currency of your choice in seconds.
How to borrow Decentraland - How does it work?
With our Crypto-Backed Loan service, you can borrow BTC, USDT, USD, EUR, GBP, or CHF only. That means if you want to borrow MANA you first must convert one of the above to fiat and convert it to MANA using our exchange service.
Decentraland loan calculator
You can use our MANA loan calculator with different loan plans to find the best option for you. You can see all parameters on the form such as loan duration, price down limit, and loan repayment. If you want to loan Decentraland, please check the calculator first to see which plan works best for you.
Decentraland lending process
Decentraland lending is easy with YouHodler. Just open and verify your account, deposit your crypto to the wallet and use it as collateral for your future MANA loans.
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