Topic: [ANN][MANA]Decentraland Tokenized VIrtual Reality with Open Standards - page 4. (Read 78787 times)

Quote from: Ferdo on June 29, 2019, 07:35:02 AM

Mana didn't quite pump as I expected during this bull run. Since I haven't found something better or similar in the decentralized world, I keep having high hopes on this. Although I'd prefer more advertisement and perhaps support from Binance on the platform. Not on price, but I beleive they should become active in decentraland as Bittrex already is.

I do like Decentraland as a project, but my own opinion is that the price of MANA is not necessarily coupled to the project success. I think that the main asset in Decentraland is (obviously) LAND instead. Even if the project is successful, why would MANA have to go to the moon? You need it to trade land, and projects built on top of Decentraland may use it as currency - but both won't necessarily mean that there has to be huge demand for MANA in the economy.

If I'm not mistaken you can buy LAND only with MANA. You can use other coins too but they are automatically converted to MANA. So the more LAND is sold more demand for MANA. Furthermore, a percentage of MANA is burned which results in reduced supply which should have a positive impact on the price

Sure, but if I have BTC and want to own LAND, then I can just buy MANA when I need it and there is no real reason to hold it. Of course, if LAND trading volume is massive, that creates a certain demand for MANA. But I (personally) think that holding LAND itself is definitely better as a bet on the project's future than holding MANA (although then you have to invest more time and money, obviously).

Is the supply of MANA actually capped? Last time I tried to check it, I only found "transparency pages" that listed the current supply, without any strong statements about a hard maximum supply. To me that sounded like there is none and the project can create MANA as they wish (probably with certain rules but still).

Not sure if MANA is capped. Although cmc states total supply is over 2bn. I agree that currently holding LAND is better bet. But for me this is closely correlated. If all MANA used for buying LAND is burned (not sure if all actually is burned, I think I read it somewhere), then eventually there will not be a lot of MANA available on the market and the price should rise. Imagine if in a decade only 1 million MANA is circulating. Then the price of 1 MANA could be huge. I could be dead wrong but this sound like one of the better tokenomics in crypto.

There was a vote by users of decentraland last November that stopped the inflation.
https://agora.decentraland.org/polls/44211cd6-fff5-4354-9c56-9a7c1378bb4c

I guess the max supply can only decrease now with a burn of mana used in a new auction.

Yep, and if I'm not mistaken with every purchase of LAND a 1% fee in MANA is burned

Sailor11

newbie

Activity: 17

Merit: 5

Quote from: domob on June 29, 2019, 03:50:36 AM

Quote from: domob on June 29, 2019, 03:50:36 AM

Mana didn't quite pump as I expected during this bull run. Since I haven't found something better or similar in the decentralized world, I keep having high hopes on this. Although I'd prefer more advertisement and perhaps support from Binance on the platform. Not on price, but I beleive they should become active in decentraland as Bittrex already is.

I do like Decentraland as a project, but my own opinion is that the price of MANA is not necessarily coupled to the project success. I think that the main asset in Decentraland is (obviously) LAND instead. Even if the project is successful, why would MANA have to go to the moon? You need it to trade land, and projects built on top of Decentraland may use it as currency - but both won't necessarily mean that there has to be huge demand for MANA in the economy.

If I'm not mistaken you can buy LAND only with MANA. You can use other coins too but they are automatically converted to MANA. So the more LAND is sold more demand for MANA. Furthermore, a percentage of MANA is burned which results in reduced supply which should have a positive impact on the price

Sure, but if I have BTC and want to own LAND, then I can just buy MANA when I need it and there is no real reason to hold it. Of course, if LAND trading volume is massive, that creates a certain demand for MANA. But I (personally) think that holding LAND itself is definitely better as a bet on the project's future than holding MANA (although then you have to invest more time and money, obviously).

Is the supply of MANA actually capped? Last time I tried to check it, I only found "transparency pages" that listed the current supply, without any strong statements about a hard maximum supply. To me that sounded like there is none and the project can create MANA as they wish (probably with certain rules but still).

Not sure if MANA is capped. Although cmc states total supply is over 2bn. I agree that currently holding LAND is better bet. But for me this is closely correlated. If all MANA used for buying LAND is burned (not sure if all actually is burned, I think I read it somewhere), then eventually there will not be a lot of MANA available on the market and the price should rise. Imagine if in a decade only 1 million MANA is circulating. Then the price of 1 MANA could be huge. I could be dead wrong but this sound like one of the better tokenomics in crypto.

There was a vote by users of decentraland last November that stopped the inflation.
https://agora.decentraland.org/polls/44211cd6-fff5-4354-9c56-9a7c1378bb4c

I guess the max supply can only decrease now with a burn of mana used in a new auction.

zerkalisz

member

Activity: 349

Merit: 10

Decentraland World Explorer's closed Beta and Next Steps
World Explorer is coming! Read about the infrastructure, challenges, and the invaluable help from our community that helped bring it to life. https://decentraland.org/blog/announcements/introducing-decentraland-beta/

Ferdo

member

Activity: 323

Merit: 19

Mana didn't quite pump as I expected during this bull run. Since I haven't found something better or similar in the decentralized world, I keep having high hopes on this. Although I'd prefer more advertisement and perhaps support from Binance on the platform. Not on price, but I beleive they should become active in decentraland as Bittrex already is.

I do like Decentraland as a project, but my own opinion is that the price of MANA is not necessarily coupled to the project success. I think that the main asset in Decentraland is (obviously) LAND instead. Even if the project is successful, why would MANA have to go to the moon? You need it to trade land, and projects built on top of Decentraland may use it as currency - but both won't necessarily mean that there has to be huge demand for MANA in the economy.

If I'm not mistaken you can buy LAND only with MANA. You can use other coins too but they are automatically converted to MANA. So the more LAND is sold more demand for MANA. Furthermore, a percentage of MANA is burned which results in reduced supply which should have a positive impact on the price

Sure, but if I have BTC and want to own LAND, then I can just buy MANA when I need it and there is no real reason to hold it. Of course, if LAND trading volume is massive, that creates a certain demand for MANA. But I (personally) think that holding LAND itself is definitely better as a bet on the project's future than holding MANA (although then you have to invest more time and money, obviously).

Is the supply of MANA actually capped? Last time I tried to check it, I only found "transparency pages" that listed the current supply, without any strong statements about a hard maximum supply. To me that sounded like there is none and the project can create MANA as they wish (probably with certain rules but still).

Not sure if MANA is capped. Although cmc states total supply is over 2bn. I agree that currently holding LAND is better bet. But for me this is closely correlated. If all MANA used for buying LAND is burned (not sure if all actually is burned, I think I read it somewhere), then eventually there will not be a lot of MANA available on the market and the price should rise. Imagine if in a decade only 1 million MANA is circulating. Then the price of 1 MANA could be huge. I could be dead wrong but this sound like one of the better tokenomics in crypto.

domob

legendary

Activity: 1135

Merit: 1166

Mana didn't quite pump as I expected during this bull run. Since I haven't found something better or similar in the decentralized world, I keep having high hopes on this. Although I'd prefer more advertisement and perhaps support from Binance on the platform. Not on price, but I beleive they should become active in decentraland as Bittrex already is.

I do like Decentraland as a project, but my own opinion is that the price of MANA is not necessarily coupled to the project success. I think that the main asset in Decentraland is (obviously) LAND instead. Even if the project is successful, why would MANA have to go to the moon? You need it to trade land, and projects built on top of Decentraland may use it as currency - but both won't necessarily mean that there has to be huge demand for MANA in the economy.

If I'm not mistaken you can buy LAND only with MANA. You can use other coins too but they are automatically converted to MANA. So the more LAND is sold more demand for MANA. Furthermore, a percentage of MANA is burned which results in reduced supply which should have a positive impact on the price

Sure, but if I have BTC and want to own LAND, then I can just buy MANA when I need it and there is no real reason to hold it. Of course, if LAND trading volume is massive, that creates a certain demand for MANA. But I (personally) think that holding LAND itself is definitely better as a bet on the project's future than holding MANA (although then you have to invest more time and money, obviously).

Is the supply of MANA actually capped? Last time I tried to check it, I only found "transparency pages" that listed the current supply, without any strong statements about a hard maximum supply. To me that sounded like there is none and the project can create MANA as they wish (probably with certain rules but still).

Ferdo

member

Activity: 323

Merit: 19

Mana didn't quite pump as I expected during this bull run. Since I haven't found something better or similar in the decentralized world, I keep having high hopes on this. Although I'd prefer more advertisement and perhaps support from Binance on the platform. Not on price, but I beleive they should become active in decentraland as Bittrex already is.

I do like Decentraland as a project, but my own opinion is that the price of MANA is not necessarily coupled to the project success. I think that the main asset in Decentraland is (obviously) LAND instead. Even if the project is successful, why would MANA have to go to the moon? You need it to trade land, and projects built on top of Decentraland may use it as currency - but both won't necessarily mean that there has to be huge demand for MANA in the economy.

If I'm not mistaken you can buy LAND only with MANA. You can use other coins too but they are automatically converted to MANA. So the more LAND is sold more demand for MANA. Furthermore, a percentage of MANA is burned which results in reduced supply which should have a positive impact on the price

domob

legendary

Activity: 1135

Merit: 1166