Bitaigen Research The total supply of MANA tokens is 2.6 billion, issued on September 18 2017 at an initial price of $0.024. According to the latest data, the current circulation rate is about 71.9 %, resulting in a market capitalization of roughly $1.078 billion.
Starting from the token’s issuance background, its circulation mechanism, and its role inside the Decentraland virtual world, we systematically outline MANA’s supply scale. By combining the latest market‑cap and circulation figures, we assess potential market risks and points of interest for investors. The full text will help readers gain a comprehensive understanding of the token’s fundamentals and make more rational judgments.
What is the total supply of MANA?
MANA has a total supply of 2.6 billion tokens, launched on September 18 2017 with an issuance price of $0.024. According to market data as of 11:15 UTC on August 3 2021, the circulating amount equals $15.78 billion, yielding a circulation rate of 71.9 % and a circulating market cap of $1.078 billion. This places MANA at rank 56 globally, indicating relatively active trading and distribution.
MANA is a utility token, similar to LAND, used within the Decentraland virtual world. The token can pay for parcels of land, avatars, items, collectibles, and entertainment activities (including gambling), and it incentivizes creators to produce high‑quality content. MANA follows the ERC‑20 standard, and holders can buy or trade it on most cryptocurrency exchanges (the common practice is to purchase USDT first and then swap to MANA). For users in the United States, trading should be conducted on Binance.US rather than the global Binance platform. The token employs a fixed‑supply model: when a user purchases LAND, the corresponding amount of MANA is burned, creating a deflationary effect. Note that crypto gains may be subject to taxation in your local jurisdiction, so consider consulting a tax professional.
Market risk analysis for MANA
While the project’s innovation is evident, Decentraland faces several key risks:
- Data transmission security risk
- Because the network relies on peer‑to‑peer (P2P) transmission, retrieving files from a Distributed Hash Table (DHT) or other decentralized storage systems can be slow.
- Content distribution and persistence are hard to guarantee; the project plans to use IPFS technology to improve this, but the game is not yet publicly released, so the actual impact remains uncertain.
- High entry barrier for VR content creation
- Although the price of VR hardware is decreasing and adoption is rising, professional capture equipment still carries a high cost.
- High‑quality VR experiences depend more on interactive logic design than on hardware alone.
- For software tools, ordinary users must overcome a learning curve before they can produce content.
- Homogenization and competition
- The closest competitor to Decentraland is Mark.Space, which also builds VR marketing scenarios on a blockchain but leans more toward commercial use and offers fewer gaming elements; it launched slightly later.
- CEEK only utilizes Ethereum smart contracts for ERC‑20 token transactions, while other VR‑plus‑blockchain projects are still in early development stages.
- Challenges of decentralized community content moderation
- Content is published on a decentralized network, and the platform does not perform censorship, making it difficult to control illicit material such as pornography or violence.
- Considering that the player base may include minors, content regulation becomes a critical challenge.
- The project’s proposed whitelist mechanism has not yet been implemented, so its effectiveness is still unproven.
The above provides a detailed breakdown of MANA’s total supply and its associated market risks. For further information, follow Bitaigen (比特根) and related专题 articles.
Related Reading
💡 Register on Binance with referral code B2345 for the maximum trading fee discount. See Binance complete guide.
