vEmpire — Decentraland (MANA)
Land leasing, maintenance and purchasing of DAO
A Democratic Decentralised Autonomous Organisation & The Front Line Against Centralisation
MANA is the digital asset token used to pay for goods and services in Decentraland. It is built on Ethereum in accordance with the ERC20 standard for tokens. MANA can be bought and sold for fiat currency or other digital currencies. MANA is Decentraland’s native cryptocurrency. It not only functions as a digital currency but also provides each MANA holder with voting power in the Decentraland DAO.
To take part in the DAO’s governance, users convert their MANA into wrapped MANA (wMANA) and lock it in the DAO. Each wMANA represents one vote in governance proposals. You can get MANA on exchanges or by selling collectible items on the Decentraland Marketplace. The DAO also has its own MANA treasury to fund its decisions and operations.
MANA plays a vital role in Decentraland’s virtual world and can be used for transactions within the ecosystem and to participate in the management of its software.
For example, owning MANA also allows users to interact with the platform by customizing their avatars, interacting with other users and exploring its metaverse.
Further, owning MANA gives users the ability to vote on policy updates, LAND auctions and subsidies to improve the platform. When LAND is auctioned, the MANA tokens used to purchase the parcels are burned, or removed from circulation, making the supply of MANA deflationary. This could put pressure on the token value as the platform grows with new users.
LAND is a non-fungible token that represents the plots of land owned by players in the community. Similar to MANA, it also provides voting power as part of Decentraland’s governance protocol.
However, LAND doesn’t need to be locked up in the DAO and provides two thousand votes per LAND token. Players with numerous plots can tie them together into a single Estate token, with voting power equal to the plots contained.
Each parcel of LAND is unique and owners get to choose what content they want to publish on their portion land, which can range from a simple, static scene to an interactive game. Users can purchase LAND as well as all other goods and services in Decentraland with MANA, a fungible ERC-20 token.
LAND Leasing, maintenance and purchasing of DDAO
Initial income streams and multiples of DDAOs are shown below. In addition to MANA, the VEMP staking platform (xVEMP) will act as collateral to borrow from AAVE and others to invest tokens in off-platform strategies that will yield higher returns than ‘APY is paid from borrowed funds. Profits earned will be donated to DDAO & xVEMP shares. DDAO will also decide if a percentage is converted into MANA to buy more LAND for the Empire.
We will also lease LAND properties to property and property owners for a fixed term, facilitating fair and equal income streams for both the Decentraland population, MANA owners, and owners privately owned by Decentralands.
This land will be monetized and profits will be shared, of which 50% is redistributed to xVEMP holders and the remaining 50% is converted to MANA and used to buy more LAND.
The vEmpire serves to invade and remind these projects that stakeholders share equal value to token owners. Moreover, decentralisations lack of regulation can, and has, shown to lead to monopolies when unchallenged by the community. This is especially prevalent where voting rights, coins, and/or NFTs are centred around a small percentage of high token wallets.
vEmpire cannot allow the gaming community to be forced, again, (but now in the virtual world) into the hands of these gaming giants.
23rd of September, vEmpire announced the completion of their staking pool Alongside this, players will be able to access numerous staking pools, including AXS, STARL, SAND, MANA, and ETH. Where by offer the players can hold and generate their revenue in form of VEMP