The Decentraland cryptocurrency is powered by the ERC-20 Ethereum network. Decentraland’s virtual world is similar to Second Life, it allows users to customise and monetize digital assets within the virtual digital world.
The MANA tokenized ecosystem is used to buy real estate, and other assets in the virtual world. Once these tokens are spent on the network, they are burnt, ultimately leading to a system in which the asset diminishes in supply over time.
The best place to buy Decentraland is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Decentraland and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
The price of Decentraland is determined by the forces of supply and demand in the market. Similar to other assets, the price of Decentraland is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Decentraland are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
Swyftx does not allow you to directly buy Decentraland with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy Decentraland instantly.
Disclaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.
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