Decentraland (MANA) is an innovative virtual world that operates on the Ethereum Blockchain. In this article, we will provide answers to two commonly asked questions: What is Decentraland (MANA), and how can you purchase Decentraland (MANA) using TRY?
Contents
1. What is Decentraland (MANA)?
2. How to Buy Decentraland (MANA) with TRY?
3. How to Open an Account on Binance TR?
4. How to Verify an Account on Binance TR?
5. How to Deposit TL on Binance TR?
6. How to Buy MANA Coin with TL on Binance TR?
7. What is Binance TR?
What is Decentraland (MANA)?
Decentraland is a revolutionary virtual world that is supported by Ethereum’s Blockchain. Within this virtual world, users have the ability to buy, sell, and interact with digital real estate and virtual goods. Decentraland provides opportunities for exploration, gaming, social interaction, and creative expression by fostering a global community of users who contribute to its shared virtual ecosystem. Stay updated with the latest technology news by visiting NEWSLINKER.
Decentraland consists of two primary network assets: LAND and MANA coins. LAND coins are non-fungible tokens (NFTs) that represent ownership of digital real estate parcels within the virtual world. MANA coins, on the other hand, are cryptocurrencies that are used to purchase virtual goods and services within Decentraland’s ecosystem, alongside LAND coins.
Decentraland utilizes Ethereum’s Blockchain to track the ownership of digital land parcels, ensuring transparency and security. To participate in Decentraland’s ecosystem, users must hold MANA coins in an Ethereum wallet. These coins can be used for various activities such as buying, selling, and interacting within the virtual world.
The architecture of Decentraland is composed of layered components built on Ethereum’s smart contracts. The consensus layer maintains a ledger that tracks land parcel ownership, while the content layer controls the visual and interactive elements on each parcel. Furthermore, the real-time layer enables social interactions between users, including voice chat and messaging.
Decentraland provides a marketplace where users can manage and trade LAND coins with prices denominated in MANA. Owners can transact parcels and other in-game items such as wearables and unique names using Ethereum wallets, ensuring security and transparency. Additionally, Decentraland offers builder tools that enable users to create interactive scenes within LAND parcels through drag-and-drop editors and customization libraries.
Beyond its gaming environment, Decentraland fosters a vibrant virtual community by offering innovative features such as peer-to-peer interactions, voice chat, and messaging. Its open and decentralized structure encourages creativity and experimentation, allowing developers to push the boundaries of what is possible within the virtual world.
How to Buy Decentraland (MANA) with TRY?
For investors in Turkey who wish to purchase Decentraland (MANA), Binance TR is the most suitable cryptocurrency exchange. On Binance TR, you can quickly create an account and trade over 100 cryptocurrencies, including MANA. Follow the steps below to buy Decentraland (MANA) with TRY on Binance TR.
How to Open an Account on Binance TR?
Opening an account on Binance TR is a straightforward process. Visit trbinance.com and proceed to the “Create Account” step. In the first step, you will need to provide basic information such as your email address, phone number, name, date of birth, nationality, and T.C. identification number.
After entering all the necessary information accurately, a verification email or SMS will be sent to confirm and verify your details. Once this process is completed, you will move on to the second step, which is identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification is a crucial security procedure that must be completed before engaging in cryptocurrency trading and during the account creation process on Binance TR. You can perform the verification process either through your phone or on Binance TR’s official website. Please note that you will need your mobile phone to perform identity verification on the website.
On the Binance TR website, hover over the “Profile” option at the top right corner, click on “Identity Verification and Limits” from the drop-down menu, and then select “Verify.” After this step, you will be prompted to scan the QR code displayed using your mobile phone’s camera and continue the process on your phone. If you are unable to scan the QR code, you can click on the “Copy URL” option to receive the identity verification address via SMS on your mobile phone.
Upon entering the address on your mobile phone or scanning the QR code, a screen similar to the one below will appear. From here, tap on the “Identity” option to proceed.
Next, a screen like the one below will appear. To continue with the verification process, select the appropriate document type for you and continue.
After selecting the document type, tap on the “Upload front side” option to continue the verification process. Take a clear photo of the front side of your document according to the document type you selected. Then, tap on the “Upload back side” option and take a photo of the back side of your document, ensuring that the information is legible.
Following the document upload, tap on the “Selfie” option. Your mobile phone’s front camera will open, and you will need to scan your face. Make sure your face fills the camera area as much as possible.
Once you have accurately and completely completed all these steps, your identity verification process will be finalized shortly.
How to Deposit TL on Binance TR?
Depositing TL into your Binance TR account is a simple process that can be done from any bank. You can deposit TL 24/7 and carry out uninterrupted transactions from banks such as Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans. Deposits from other banks can also be made 24/7 up to 50,000 TL using FAST. Deposits exceeding 50,000 TL from other banks will be processed during EFT hours.
To deposit money into your Binance TR account, visit trbinance.com, hover over the “Wallet” option at the top left of the main page, and click on the “Deposit” option from the drop-down menu.
Next, a page similar to the one below will appear, and you can proceed with the deposit process by selecting your preferred bank. If your bank is not integrated with Binance TR, click on the “Other Banks” option.
In this example, we will continue with Vakıfbank, but the process is the same for all other banks. When you select Vakıfbank, you will see an account name and IBAN address where you can make transfers, EFTs, or FAST transfers. Simply use the provided information to transfer the desired amount from your preferred bank to your Binance TR account via transfer, EFT, or FAST.
Once your bank completes the transfer process, the funds will automatically appear in your wallet within your Binance TR account.
How to Buy MANA Coin with TL on Binance TR?
After completing the deposit process, you can proceed to purchase MANA coins with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
Upon clicking on this option, the page below will open. To access the MANA/TRY purchase page, type “MANA” in the search section on the right side of the page and select the MANA/TRY option from the results.
Now, the MANA trading page will appear. In the area marked with a red box, enter the desired price at which you want to buy MANA in the first box, and specify the number of MANA coins you wish to purchase in the second box. Once you have entered the details, click on the “Buy MANA” button to complete your purchase.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange in terms of trading volume, officially launched its platform Binance TR in 2020 for cryptocurrency investors in Turkey. The Istanbul-based cryptocurrency exchange can be accessed at trbinance.com.
Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services, leveraging Binance’s technology, security measures, and liquidity provided through Binance Cloud infrastructure. Users in Turkey can easily deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users benefit from Binance’s core functions, gaining access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.
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Disclaimer:
The information provided in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks; therefore, they should conduct their own research.