What is MahaDAO?
MahaDAO (MAHA) is a community-driven token that operates on Binance Smart Chain (BSC), Ethereum, and Polygon. The platform aims to fight depreciation and preserve financial independence for its token holders. In addition, MahaDAO seeks to introduce ARTH coin, which is a new kind of currency that maintains individuals' purchasing power.
MahaDAO is a decentralized autonomous organization (DAO) that aspires to be one of the first value coins to preserve purchasing power. The platform is built on Layer 2 protocols and utilizes non-depreciating algorithms. Non-depreciating algorithms are assets that do not lose value and follow a set of rules for calculations. The MahaDAO protocol aims to derive its value from a basket of uncorrelated assets, and their relative weights are automatically adjusted by trading in response to changes in prices.
MahaDAO operates with two tokens, MAHA and ARTH coins. MAHA is the governance token built on the Ethereum ERC-20 token type standards. It is also a utility token that regulates ARTH coins. MAHA token holders influence ARTH in various scenarios, such as stability fees, protocol direction and strategy, and improved proposals that optimize the protocol.
Meanwhile, ARTH is the stablecoin minted by the MahaDAO protocol. ARTH is built on the Ethereum ERC-20 token type standards and aims to be relatively stable, not pegged to traditional currencies. This feature allows the coin to remain immune to inflation.
The MahaDAO protocol aims to be unique in several ways, including:
- MAHA is used as fuel to provide liquidity for ARTH.
- MAHA is used for paying stability fees for ARTH, as a greater number of collaterals are placed into the vault, resulting in the ability to mint more ARTH.
- MahaDAO platform is the key to the direction of ARTH, mainly because MAHA is a governance token.
- MAHA token purchasebacks the token and burns under the coin-burning mechanism to promote the growth of the ARTH coin.
MahaDAO's core team, including Steven Enamakel and Pranay Sanghavi, released the concept whitepaper in Quarter 1 of 2021. The team also includes Sagar Behara and Yash Agrawal, blockchain developers, and many others.
The tokenomics of MahaDAO suggest that the maximum total supply of MAHA tokens is 10 million, with 2% inflation after ten years, since December 17, 2020. On the other hand, the maximum total supply of ARTH coins is elastic, depending on the demand and supply of the token in the market.
In conclusion, MahaDAO (MAHA) is a decentralized autonomous organization (DAO) that aims to be one of the first value coins to preserve purchasing power. The platform operates with two tokens, MAHA and ARTH coins. MAHA is the governance token and a utility token that regulates ARTH coins, while ARTH is the stablecoin minted by the MahaDAO protocol. The MahaDAO protocol utilizes non-depreciating algorithms and aims to derive its value from a basket of uncorrelated assets. Finally, the tokenomics of MahaDAO suggest that the maximum total supply of MAHA tokens is 10 million, with 2% inflation after ten years, and the maximum total supply of ARTH coins is elastic, depending on the demand and supply of the token in the market.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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