A new sustainable crypto could be the next to explode, as the SEC has declared Decentraland’s MANA a security and it is expected to drop to zero. Here’s how the new crypto works.

Experts are warning that the value of Decentraland’s $MANA token could drop to zero after the US Security and Exchange Commission (SEC) classified it as an unregistered security.

Last week, the regulatory agency announced dual lawsuits against Coinbase and Binance, and labeled $MANA as an unregistered security, causing its price to plummet.

Currently, $MANA’s value is around mid-$0.34 per token, which is down 25% for the month and more than 94% compared to its high of $4.95 in 2021.

$MANA is the token that supports Decentraland’s decentralized metaverse economy.

The value of $MANA is directly linked to the use and adoption of Decentraland’s metaverse.

However, there are negative indicators. Only 2,650 unique wallets interacted with Decentraland’s smart contracts (i.e. transacted on the platform) in the last 30 days, according to DappRadar.

The SEC’s classification of $MANA as a security could further decrease activity in the metaverse, as potential users and investors fear that their activities will be disrupted by future high levels of regulation.

If people stop using the platform, then $MANA could become worthless.

Is Decentraland’s $MANA a Security?

To fund the development of its platform, Decentraland conducted a token presale in 2017 that raised $25.5 million through the sale of $MANA tokens.

The SEC is likely to refer to this early $MANA token distribution as an unregistered sale of securities.

That is because the tokens were distributed to investors who expected a profit based on the Decentraland team’s efforts to deliver on their project roadmap.

Early investors made a profit, according to cryptorank.com. Those who invested in the presale at $0.028 are still up more than 12 times, despite the cryptocurrency’s sharp decline since its 2021 highs.

Ecoterra’s Presale is Flying

On the other hand, a new green crypto project called Ecoterra is doing much better.

Ecoterra is building an all-in-one $ECOTERRA-powered web3 ecosystem that is designed to encourage recycling through its Recycle-to-Earn (R2E) system, facilitate trade in recycled materials, and encourage individuals and businesses to offset their carbon footprint.

The presale of its native $ECOTERRA token has now surpassed $5 million, which is a strong vote of confidence in the project’s vision from the crypto investing community.

Observers expect the pace of the presale to increase now that the project is accepting invitations for users to try out a demo version of the flagship R2E application.

Nascent green web3 projects like Ecoterra are expected to play an increasingly important role in global efforts to address climate change in the decades ahead as crypto’s broader adoption increases.

Therefore, the crypto presale that Ecoterra is currently running to fund the development of its platform has been a resounding success.

Visit Ecoterra Here

Ecoterra’s Revolutionary Platform Explained?

When harnessed correctly, blockchain technology has an unparalleled ability to promote environmentally friendly behaviors by rewarding recycling, making it easier to offset carbon emissions, and tracking environmental impact using the transparency of the blockchain.

Ecoterra is building an all-in-one application that does all three of these things and more.

Ecoterra rewards users with the platform’s native $ECOTERRA crypto token every time they recycle.

The green web3 start-up’s R2E app is supported in any country that uses Reverse Vending Machines (RVMs), meaning a huge potential market.

The platform features a carbon offset marketplace to make it easier for individuals and businesses to offset their carbon footprint.

Ecoterra offers a marketplace for recycled materials, making it more convenient for businesses to buy recycled items using $ECOTERRA or other cryptocurrencies. Additionally, thanks to the transparency provided by blockchain technology, individuals and businesses can track their environmentally friendly practices by using an Impact Trackable Profile on the platform.

This feature is expected to be very popular among environmentally-conscious businesses, as it can help to enhance their brand image and increase customer loyalty.

Click here to learn more.