Convert
Israeli New Shekel (ILS) to Decentraland (MANA) Instantly
Purchase Decentraland (MANA) with Israeli New Shekel (ILS) easily at Switchere and benefit from fast, secure transactions.
About
Decentraland (MANA)
Decentraland (MANA) is a pioneering decentralized virtual world platform built on the Ethereum blockchain, empowering users to create, experience, and monetize content and applications within a user-owned digital realm. Its primary purpose is to establish a persistent, shared, and open virtual environment where digital real estate (LAND NFTs) and in-world assets are verifiably owned and controlled by participants, not a central entity. The core technology leverages smart contracts for LAND ownership (ERC-721 tokens) and its native currency, MANA (an ERC-20 utility token), fostering a robust on-chain economy and a truly decentralized network for its metaverse.
The MANA token is integral to the Decentraland ecosystem. It serves as the medium of exchange for acquiring LAND parcels, virtual goods, wearables for avatars, and accessing various in-world services and experiences. Beyond its transactional utility, MANA also functions as a governance token, granting holders voting rights within the Decentraland DAO (Decentralized Autonomous Organization). This allows the community to influence key decisions regarding platform policies, development grants, and the allocation of resources. As a foundational Web3 infrastructure project, Decentraland is a key player in the burgeoning creator economy and the evolution of immersive social gaming and virtual reality experiences, all secured by blockchain technology and cryptographic security.
How to Buy Decentraland (MANA)
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Frequently asked questions
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What are the common methods to buy Decentraland (MANA) with Israeli Shekel (ILS)?
To buy the ERC-20 token MANA with ILS, you typically need to use a cryptocurrency exchange that serves the Israeli market. The process involves creating an account, completing KYC/AML compliance, and then using a fiat on-ramp. Common payment methods include Israeli bank transfers, credit/debit card purchases, or services like Sherut Bit. Once your ILS is deposited, you can execute a trade on the ILS/MANA order book or use an instant buy feature to acquire the digital asset for the Decentraland metaverse. -
What is the strategic importance of the ILS to MANA trading pair?
The ILS/MANA pair provides a direct fiat gateway for the Israeli market to participate in the Decentraland ecosystem. This is significant as it allows local creators, investors, and users to directly convert Israeli Shekels into MANA, the utility token required for purchasing LAND NFTs, wearables, and participating in DAO governance within one of the leading Ethereum-based virtual worlds. It bridges a traditional economy with the burgeoning digital creator economy. -
Are there specific fees to consider when funding a MANA purchase with ILS?
Yes, several potential fees exist. First, the cryptocurrency exchange will charge a trading fee, either a flat rate or a percentage of the transaction value. Second, there may be a deposit fee for funding your account with ILS, especially for credit card purchases. Finally, since MANA is an ERC-20 token on the Ethereum blockchain, withdrawing your MANA to a personal digital wallet will incur a network 'gas fee,' which is paid to miners and fluctuates based on network congestion. Always review the fee schedule of your chosen trading platform. -
After buying MANA with ILS, how can I securely store it?
For optimal security, it is highly recommended to move your MANA tokens from the exchange to a personal digital wallet where you control the private keys. Since MANA is an ERC-20 token, you can use any Ethereum-compatible wallet. Options include software wallets like MetaMask or Trust Wallet, or for greater security against online threats, a hardware wallet from a reputable brand like Ledger or Trezor. Never share your private keys or seed phrase with anyone. -
What specific functions does the MANA token have within the Decentraland metaverse?
MANA serves as the native ERC-20 utility token of Decentraland. Its primary function is to serve as the platform's currency. Users spend MANA to purchase parcels of virtual land (LAND NFTs), buy unique digital wearables for their avatars, and pay for in-world goods and services offered by other users. Additionally, holding MANA grants voting power in the Decentraland DAO (Decentralized Autonomous Organization), allowing token holders to influence platform governance and future development.
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