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| Symbol | MANUSD |
| Name | Decentraland vs US Dollar |
| Quote Currency | USD |
| Trading Hours | 24/7 |
| Spread As Low as (Quote currency) | 0.0023 |
| Commission | No |
| Contract Size (Per Lot) | 10000 MAN |
| Minimum Contract Size (Lot) | 0.01 |
| Minimum Step Size (Lot) | 0.01 |
| Leverage Up To | 1:100 |
| Limit and Stop Level | 0 |
| Execution | Market |
| Trading Platform | MT5, Mobile App, WebTrader |
| Sector | Crypto |
ZERO Deposit Fees
Choose from multiple (15+) deposit options such as Skrill, Neteller, Visa/Mastercard, Crypto, Local Bank and others with zero fees.
Global Market Access
Trade CFD's (1000+) on a wide range of instruments including Forex, Shares, Commodities, Indices, Precious Metals, Cryptocurrency and Energy.
Sub 30ms Latency Trading
Trades are executed through liquidity engines in LD4 and access servers in Asia, Europe and Africa.
Supports Proprietary Trading
Get access up to $2 million in funded trading for qualified profitable traders on MT5.
Choose from multiple trading options based on your preference of order types, indicators, charting tools, style of trading and operating environment.
The frontier of digital real estate is intriguing, and at its forefront stands Decentraland, a virtual realm where users can create, experience, and monetize content and applications. Its native token, MANA, operates as the backbone of its economic structure. In a world increasingly merging the lines between virtual and real, Decentraland’s concept and the dynamics of MANA have piqued the interest of CFD traders. This piece will uncover the facets of Decentraland, offering insights into its foundations and relevance in the Contract for Difference (CFD) trading domain.
Initiated in 2017, Decentraland’s vision was audacious — a decentralized platform where users have complete control over parcels of land represented by non-fungible tokens (NFTs).
These parcels, called LAND tokens, can be purchased, developed, and sold, much like real-world real estate.
Virtual Real Estate
Users can buy plots of virtual land, develop them using 3D interactive content, and monetize through games, applications, or digital services.
Decentralized Governance
Decentraland is governed by its community. Proposals ranging from content updates to platform developments are voted upon by MANA token holders.
Economic Structure
While LAND tokens represent the parcels of real estate, MANA serves as the currency to acquire land, pay for in-game services, or participate in governance.
NFT Marketplaces
Decentraland is integrated with various NFT marketplaces, allowing users to trade virtual assets, including clothing, accessories, and artworks.
The unique essence of Decentraland, coupled with the fluctuations in MANA, has drawn attention within the CFD trading circles who watch these:
Virtual Economy Dynamics: The ebb and flow of Decentraland’s virtual economy, from land sales to in-game services, can have a palpable impact on MANA’s value.
Mainstream Adoption: As more users join the Decentraland universe and its concepts gain mainstream traction, the demand for MANA can witness variations, influencing its price in the CFD market.
NFT and DeFi Synergy: As Decentraland intertwines with the NFT space and decentralized finance platforms, any significant events or collaborations in these sectors can sway MANA’s market dynamics.
Decentraland, with its groundbreaking approach to digital ownership, brings forth a new dimension of online experiences. In a world where virtual realities intertwine with daily lives, Decentraland’s metaverse stands as a testament to technological evolution. For CFD traders, MANA offers a unique narrative, rooted in a blend of digital real estate, NFTs, and decentralized governance, making it a fascinating asset to observe and engage with.
Start trading MAN/USD (MANA) crypto CFD now!
CFDs allow traders to capitalize on price movements without owning the asset. This means you won’t need a cryptocurrency wallet, and there’s potential to profit from both rising and falling markets.
To start trading, you’ll need to open an account with a broker that offers cryptocurrency CFDs, such as Baxsia Markets. After you make a deposit, choose MAN/USD as your desired trading pair to start trading.
Yes, CFDs allow you to take positions on both rising and falling markets. So, you can choose to ‘sell’ if you predict MANA’s price will drop against the US Dollar.
Yes, like all cryptocurrency trading, there’s inherent risk due to the market’s volatility. It’s essential to be informed and perhaps use risk management tools like stop-loss orders.
While the cryptocurrency market operates 24/7, CFD trading hours may vary broker to broker. Here at Baxia Markets, we provide our customers access to trade MAN/USD 24/7 at their convenience.
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Risk Warning: Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Baxia Markets, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing the entirety of your initial investment). You must assess and consider them carefully before making any decision about using our products or services.
Baxia Global Limited is a company registered in Seychelles with registration number: 8426970-1, and is regulated by the Financial Services Authority of Seychelles with License number: SD104.
Baxia Limited is a company registered in The Bahamas with registration number: 177330 B, and is licensed and regulated by The Securities Commission of The Bahamas (SCB), (SIA-F234).
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