Decentraland
MANA
$0.33

Sector

Web 3.0

Exchange Debut

2017-09-18

Market Cap

622,125,170

Maxim Supply

2,193,179,327

Circulating Supply

1,864,082,342

Circ. Supply(%)

84.99%
mana

Decentraland

MANA

Price

$0.33

Market Cap

Sector

Exchange Debut

622,125,170
2017-09-18

Volume 24h

High 24h

Low 24h

8870165
0.336094250501
0.32679457753

Change 24h

Change 7d

Change 30d

1.5278
7.9397
-16.4644

Maxim supply

Circulating supply

Circulating supply(%)

2,193,179,327
1,864,082,342
84.99%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Decentraland-MANA cryptocurrency:

 

Decentraland (MANA) is a virtual reality platform built on the Ethereum blockchain that offers a unique ecosystem where users can create, navigate, and monetize virtual experiences. With a diverse set of utility options for its tokens, MANA and LAND, the project seems poised for continued growth. A comprehensive fundamental analysis of the Decentraland cryptocurrency has yielded an impressive overall score of 7.73 out of 10, showcasing its strong presence in various evaluation criteria.

SOCIAL & MASS MEDIA: Score 6.4 out of 1

While Decentraland excels in attracting followers on social media, its community activity leaves room for improvement. The project’s high visibility in the media and a moderate presence in chat groups also contribute positively. However, improving community engagement could potentially boost this score.

In the realm of audit and security, the project demonstrates good transparency and excellent liquidity on exchanges. However, the audit results could be stronger. A focus on tightening security measures could elevate the trust in this project, essential in the fundamental analysis of the Decentraland cryptocurrency.

TOKENOMICS: Score 8.05 out of 10

Decentraland’s token economy stands strong with a score of 8.05. It exhibits moderate inflation and decentralization, offering stability and potential for long-term growth. Enhancing these aspects could lead to even better sustainability and community trust.

ECOSYSTEM DEVELOPMENT: Score 8.3 out of 10

The ecosystem has been progressing well with a fairly high score, mostly due to the achievement of objectives and plans for future developments. However, a little more innovation and faster execution could add more value to the project, positively impacting the fundamental analysis of the Decentraland cryptocurrency.

EAM & DEVELOPERS: Score 7.84 out of 10

The team behind Decentraland has solid experience and a good number of software developers. Their skill set likely contributes to the project’s growth, but there is always room for bringing in more diverse talents to make the platform more robust.

PRODUCT & UTILITY: Score 8.2 out of 10

The product offers high utility, and the tokens are well-integrated into the ecosystem. The value proposition is clear, indicating that the project has been thoughtful about its role in the market. The utility of the product and the tokens is a strong asset in the fundamental analysis of the Decentraland cryptocurrency.

PARTNERS & INVESTORS: Score 7.9 out of 10

Decentraland enjoys a strong backing from investors and has quality partnerships. Strengthening collaborations and bringing in more strategic partners could further boost this score.

Fundamental analysis of the Decentraland-MANA cryptocurrency – The final conclusion

After a thorough review, it’s clear that Decentraland offers a compelling investment opportunity with a fairly low risk profile. It shines in tokenomics, ecosystem development, and product utility, making it a robust and promising venture. However, aspects like social engagement and audit results could be improved. If these areas are addressed, the project could achieve even higher potential. Therefore, the fundamental analysis of the Decentraland cryptocurrency reveals it to be a well-rounded project with opportunities for growth and investment.

Note: Keep in mind that all investments come with risks, and it’s crucial to do your own research before making any investment decisions.

What is Decentraland-MANA?

Decentraland: A Virtual World with Real Possibilities

Decentraland is a 3D virtual reality platform underpinned by the Ethereum blockchain, where users can own, create, and monetize digital real estate. Central to the platform are two unique tokens: MANA and LAND. MANA, an ERC-20 token, is the main currency used to purchase LAND, which are non-fungible ERC-721 tokens representing parcels of digital real estate. In this interactive landscape, the community holds significant sway through a decentralized autonomous organization (DAO), using MANA for voting on platform policies.

Financial Stake in a Virtual World

Through MANA, users also purchase avatars, wearables, and other virtual goods on the Decentraland marketplace. Moreover, this cryptocurrency can be converted to wrapped MANA or wMANA, enhancing its utility in governance decisions within the Decentraland DAO. As for LAND, it’s not just a digital asset but also a governance tool; one LAND equates to two thousand votes in the DAO.

Seamless Transactions and Governance

All transactions are conducted on the Ethereum blockchain, providing a secure and transparent process. This sets the stage for the fundamental analysis of the Decentraland-MANA cryptocurrency, which gains complexity due to the DAO structure and diverse applications of both MANA and LAND tokens. From in-game purchases to governance, MANA has become more than just a virtual currency.

Breaking Entry Barriers and NFTs

One challenge is the high entry barrier for newcomers interested in NFTs. Decentraland offers a vast market for NFTs, extending beyond LAND to include collectibles and virtual equipment. However, the platform makes it easier for users to get involved by simplifying transactions and interactions, which are all registered via smart contracts on the Ethereum blockchain.

In Summary

Founded by blockchain experts Ariel Meilich and Esteban Ordano, Decentraland has morphed from a 2D concept into a full-fledged 3D virtual world. It promises an exciting mix of gaming, financial investment, and decentralized governance, encapsulating the true essence of a metaverse owned and operated by its community.

Fundamental analysis of the Decentraland cryptocurrency

Decentraland - MANA performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Related projects

dKargo logo
SCORE: đŸ”’
RATING: No rating
SCORE: 7.07
RATING: Good
Oasis Network - logo
SCORE: 7.57
RATING: Good
SCORE: 8.05
RATING: Excellent
SCORE: 6.40
RATING: Good
SCORE: 2.96
RATING: Fragile