MANA Risk

MANA (MANA)
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DESCRIPTION

MANA is the native cryptocurrency of the Decentraland platform. It serves as the medium of exchange within the Decentraland ecosystem, allowing users to buy, sell, and trade virtual land, digital assets, and other goods and services. MANA is an ERC-20 token built on the Ethereum blockchain, ensuring interoperability and compatibility with other Ethereum-based platforms and wallets.

MANA plays a vital role in the virtual economy of Decentraland, allowing users to engage in virtual land ownership, trade virtual assets, and participate in the platform's ecosystem. It represents a key component in facilitating the decentralized and user-driven economy within Decentraland, where users can monetize their creations and engage in economic transactions within the virtual world.

MANA (MANA) : https://decentraland.org/whitepaper.pdf
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RISKS OF MANA

Any investment in cryptocurrency and digital assets, such as MANA, can include the following general risks:(i) volatility risk and liquidity risk(ii) short history risk(iii) demand risk(iv) forking risk(v) code defect risk(vi) regulatory risk(vii) electronic trading risk(viii) cyber security risk

For additional information of risks associated with cryptocurrency and digital assets, you may refer to the Satstreet Inc Services Risk Statement. In terms of specific risks, as MANA is one of the longest-standing crypto assets and its community base is widely decentralized, there is no central working group or authority to disclose material information to the public regarding MANA. Please note that these risks and the associated summaries or overviews provided for each herein are not intended to be a complete overview of all such risks and, in addition, there may be other risks that come with exposure to MANA. We encourage all users to perform their own due diligence to assess the risks associated with MANA and to determine whether this level of risk is acceptable to them. Neither MANA nor Satstreet guarantees the value of MANA, and holders of MANA will not have any recourse to MANA or Satstreet if the value of MANA declines for any reason whatsoever.

SATSTREET EVALUATION OF MANA

Satstreet Inc. has reviewed and assessed MANA prior to making it available through our services and has concluded that MANA is not a security or derivative under Canadian securities legislation; however, there is a risk that this conclusion could change in the future and that, in such event, Satstreet will be required to halt, suspend, and then remove MANA from its platform as described in the Satstreet Inc. Services Risk Statement.

Further, as indicated above, no Canadian securities regulatory authority has expressed an opinion about MANA, including an opinion that MANA is not itself a security and/or derivative. Based on publicly available information Satstreet has reviewed MANA, including, but not limited to, a review of the following: The creation, governance, usage, and design of MANA, including the source code, security, and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that created MANA. The supply, demand, maturity, utility, and liquidity of MANA. Material technical risks associated with MANA, including any code defects, security breaches and other threats concerning MANA and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them. Legal and regulatory risks associated with MANA, including (i) any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of MANA, and (ii) statements made by any securities regulatory authorities in Canada, other regulators in IOSCO-member jurisdictions, or the regulator with the most significant connection to MANA about whether MANA, or generally about whether the type of crypto asset, is a security and/or derivative.

Last Updated: June 2023

Risk Statements

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