MANA

MANA is the native cryptocurrency or digital token that serves as the primary medium of exchange and utility within Decentraland's ecosystem.
== Specifications ==
* Token Symbol: MANA
* Token Standard: ERC-20
* Total Supply: 2,193,179,327.32
* Contract: Ethereum, Polygon
* Decimals: 18
== Use Cases ==
=== Marketplace ===
One key functionality of MANA is its use in the acquisition of digital assets, LAND, Wearables, NAMEs, or Emotes using MANA as the primary currency on the official marketplace or 3rd party NFT platforms, such as OpenSea.
=== Payment ===
MANA can serve as a means of payment for various transactions, including the purchase of virtual goods, services, experiences, or as in-game currency.
=== Governance And Growth ===
MANA plays a pivotal role in supporting the broader development and governance of Decentraland. Participants can use MANA for voting on  proposals and contributing to decision-making processes via the DAO, that shape the future and direction of Decentraland. Additionally, it incentives content creators and developers to contribute to the growth and enrichment of Decentraland and its ecosystem. By offering rewards and incentives in MANA, the platform encourages the creation of engaging and innovative virtual experiences, accelerating the development of diverse content that attracts and retains users.
== How Can I Earn MANA? ==
Obtaining MANA presents a multitude of possibilities, with the key factors being the time invested and the individual's skill set.
=== Contests ===
--> Main Article: ContestsThere is a wide range of contests that are spread randomly throughout a year. From photo contests to Game Jams, they will reward participation with MANA or other digital assets. The main article can share a brief overview on aspects into this direction.
=== Contributing To The Ecosystem ===
Users can earn MANA by actively contributing to the growth and development of Decentraland. This can involve open-source development, or engaging in activities that promote the overall sustainability and advancement of the platform. Visiting the DAO is a first step into this direction. In particular the grants section.
=== Creating Content ===
https://docs.decentraland.org/content-intro/
Buying and possessing virtual LAND or NAMEs grants users the autonomy to develop and monetize their virtual realm, which can range from art galleries and gaming spaces to social hubs, commercial establishments, or other creations that can be created in a 3D environment.
=== Creating Assets ===
https://docs.decentraland.org/creator/wearables/wearables-overview/
=== Events ===
Community or Decentraland Foundation run events can offer participation or claiming for rewards. The main source for upcoming and running events is the official events page: https://events.decentraland.org/. 
=== Games ===
Decentraland itself is hosting a wide variety of games, in particular so-called Play 2 Earn (P2E) games. In exchange of hours or work a user puts into the game, there are rewards that can be obtained, which then can be exchanged for digital assets or tokens.
=== Staking MANA ===
Can I stake MANA? Is a common question surrounding the currency. The simple answer is, no. As MANA is not a native staking currency and its supply is fixed. However, there are platforms that offer earning rewards. Locking up tokens is a common way to earn yield on holdings.
=== Trading ===
Buying and selling digital assets or MANA itself are a common aspect of making gains. However, it is important to note, that trading can result into losing tokens or value, hence only versed traders should engage in such activities. As markets can be unpredictable. 
== MANA ICO - Initial Coin Offering ==
* ICO Dates: 
* ICO Price: 
* Token Allocation:
== MANA Supply ==
=== Inflation Of MANA ===
The original Decentraland white paper suggested an annual inflation of 8% of the total MANA supply. However, the outstanding MANA balance was deemed sufficient to satisfy the needs of the users and to finance the future development of the platform.
In November 2018, the community was asked through an Agora pollDecentraland Agora - Would you like to see the inflation of MANA be removed? - 12. November 2018, if the option to adjust the supply expansion rate of MANA, a feature outlined in Decentraland’s original whitepaper but never put into action, should be removed.
With an 88.8% affirmative vote, the poll resulted in the contract being transferred to a self-destructed contract address on 20. January 2019.
Would you like to see the inflation of MANA be removed?
* 11,2% - No, DO NOT REMOVE inflation
* 88,8% - Yes, REMOVE inflation
 Effective January 20th, we will transfer ownership of the MANA contract to a self-destructed contract address, losing access to this functionality in a provable way.Decentraland Blog - Decentraland 2019 Project Update, Removing the potential for MANA inflation - 15. January 2019
=== Deflation Of MANA - Burning Of MANA ===
Up until January 2023, MANA was being burnt by various instances throughout its history. Since then, MANA is not getting burnt anymore, but fees are forwarded to fund the Decentraland DAO. Minting NAMEs was the last case of MANA being burnt, whereas Marketplace fees stopped being burnt in early 2021.
 Previously, a 2.5% fee for every transaction in the Marketplace was automatically burned (it was transferred to a null address, effectively removing it from circulation). Now, all of these transaction fees are collected and transferred to the DAO.Decentraland Blog - DAO Community Funding, The DAO’s MANA reserve - 28. January 2021
 
 
Listed below, the old MANA burn rates and activities that caused MANA being burnt:
LAND: Terraform Event
* The Terraform Event, better known for its LAND sales and District creations, resulted in all pledged MANA being burnt.
Maketplace: Fees
* Each sale on the Marketplace of Decentraland, came with a 2,5% MANA burn rate until early 2021, since then, these fees were solely forwarded to the DAO of Decentraland.
NAME: Minting
* Each NAME being minted, burnt 100 MANA until January 2023.
* 2022-11-28 - Poll: Should we stop burning MANA when a NAME is minted?
* 2023-01-13 - Draft: Redirect NAME minting fees to the DAO
* 2023-01-23 - Governance Proposal: Redirect NAME minting fees to the DAO
Wearables: Halloween 2019
* The Halloween 2019 Wearables Collection was the only collection to be sold directly by the Decentraland Foundation, after the initial event. All MANA from these sales was burnt.
== References ==