Manna MANNA Price

What is Manna (MANNA)?

Manna (MANNA) is a cryptocurrency designed to facilitate a decentralized economy that focuses on providing basic income and promoting financial inclusion. Launched in 2017, Manna operates on the Ethereum blockchain and is often referred to as a "Universal Basic Income" (UBI) project. The primary goal of Manna is to distribute wealth more equitably by allowing users to earn MANNA tokens through various activities, including social engagement and community contributions. As of 2024, Manna has established itself as a community-driven initiative, with a focus on enabling economic participation for individuals regardless of their financial background.

Who are the Founders of Manna?

Manna was co-founded by a group of individuals passionate about social equity and technology. The key figures include:

• Robert K. (Bob) McElroy: An advocate for universal basic income and social justice, Bob played a pivotal role in the conceptualization of Manna.
• Jared McElroy: Co-founder and a crucial contributor to the project, focusing on technical development and community outreach.
• Additional Contributors: The project has attracted various developers and volunteers who share a vision of creating a more equitable economic system.

How does Manna Work?

Manna functions through a decentralized platform that rewards users in MANNA tokens for participating in the ecosystem. Here’s how it works:

• Token Distribution: Manna tokens are distributed to users based on their participation in community activities, such as helping others, creating content, or engaging in educational programs.
• Decentralized Governance: The Manna project is governed by its community, where token holders can propose and vote on changes to the ecosystem, ensuring that decisions reflect the interests of its users.
• Blockchain Technology: Built on the Ethereum blockchain, Manna transactions are secure and transparent, allowing users to track their earnings and contributions effortlessly.
• Spending and Utilization: Users can utilize their MANNA tokens for various purposes, including purchasing goods and services from partner merchants, trading on exchanges, or participating in community projects.

Top Use Cases of Manna

Manna has several practical applications, which include:

• Universal Basic Income: Manna aims to provide a basic income to individuals, helping to alleviate poverty and improve financial stability.
• Community Building: Through rewarding community engagement, Manna fosters collaboration and social interaction among users, enhancing social cohesion.
• Microtransactions: Manna can facilitate microtransactions for digital goods and services, making it easier for small businesses and creators to monetize their offerings.
• Charitable Donations: Manna tokens can be used to support charitable initiatives, allowing users to contribute to causes they care about directly.
• Incentivizing Education: Users can earn tokens by participating in educational programs or workshops, promoting knowledge-sharing and skill development.

How to Keep your Manna Safe?

Keeping your Manna tokens secure involves several best practices:

• Use a Hardware Wallet: Storing your MANNA tokens in a hardware wallet provides an extra layer of security against hacks and online threats.
• Enable Two-Factor Authentication (2FA): If you store your tokens on an exchange, ensure that you enable 2FA to protect your account from unauthorized access.
• Be Wary of Phishing Attacks: Always verify the authenticity of websites and communications claiming to be associated with Manna, as phishing scams are common in the crypto space.
• Keep Your Private Keys Secure: Never share your private keys or recovery phrases with anyone, as these are crucial for accessing your funds.
• Regularly Update Software: Keeping your wallet software and devices updated helps protect against vulnerabilities and security threats.