MahaDAO is all set for its token offering in form of Initial DEX Offering (IDO) on 17th Dec 2020. MahaDAO is one of the anticipated low supply, community focused DeFi project of the year. Just like EasyFi, MahaDAO is also build on L2 Matic Network and have a total supply of 10M tokens. MahaDAO IDO will take place on the Polkastarter platform. Polkastarter is the latest platform enabling projects to raise capital on a decentralized, permissionless and interoperable environment and is backed by Polkadot. MahaDAO will be the second project listing on Polkastarter after its launch on 15th Dec. Also MahaDAO is the first project on Polkastarter to undergo whitelisting to avoid bots / bad actors and give its community members a fair chance to get hands on MAHA tokens. SpiderDAO was the first project listed on Polkastarter which got sold out within 30 seconds with over 10,000 participant trying to grab the SpiderDAO token.
ARTH VALUECOIN
MahaDAO is introducing ARTH Coin which is World’s first non-depreciating currency. ARTH is more than a stablecoin. No more erosion of hard-earned wealth due to inflation. ARTH protects and increases your purchasing power shielding your financial life from the effects of excessive money printing. Users can lock their cryptocurrency to mint ARTH.
MAHA TOKEN
MAHA is a governance token that empowers the token holders to vote on savings rates, stability fees, direction, strategy and future course of action for the ARTH coin.
MAHADAO IDO
To take part in MAHA IDO, users first need to whitelist ETH address by clicking Here. Whitelist form closing soon. Visit Polkastarter on 17th Dec 3PM GMT, connect wallet and buy MAHA token from the available Pool. For more detail check Here.
- Token Ticker: MAHA
- IDO On: Polkastarter
- Date: 17 Dec 2020
- Time: 3PM GMT
- Contribution: ETH only
- Public Pool: $75K
- Pool For POLS Holders: $50K (Hold Min. 1000 POLS)
- Min – Max Allocation: To Be Announced
- IDO Price: TBA – Updating Soon
- Total Raising: $750K
- Private Sale Price: $0.5 ($625K Raised)
- Seed Sale Price: $0.25 ($125K Raised)
- Uniswap Listing: Soon after IDO
- Initial Uniswap Liquidity: $300K
- Total Supply: 10,000,000 MAHA
- Supply On TGE: 500,000 MAHA
- Marketcap On TGE: $250K
MAHA TOKEN ALLOCATION
- Total Supply: 10,000,000 MAHA
- Community: 70%
- Private Sale: 15%
- Seed Sale: 5%
- Team & Future Employees 7%
- Advisors: 3%
TOKEN UNLOCK
MAHA tokens sold in IDO are 100% unlocked. Token sold in private sale are 20% unlocked at TGE and rest monthly over 1 year.
PARTNERSHIP
MahaDAO has strong partnership with Moonrock Capital, X21 Ventures, Ferrum Network, Polkastarter, EasyFi, AcchaLabs, Amesten Asset, Matic Network and more.
ROADMAP
Q4 2020: Governance Portal Launch
Q1 2021: ARTH Phase 2 Launch, ARTH CDP Portal Launch, Community Governance, dApp Integrations
Q2 2021: Cross Chain Liquidity, Adoption By DeFi Platforms & DEXs, Gasless Wallet
STAKING
Post the IDO, the MAHA token will be immediately listed on Uniswap and the MAHA staking programs will go live immediately. MahaDAO will be also launching two staking programs with Ferrum Network, MAHA Gold Staking Program and Uniswap Liquidity Staking Program. Both programs will lock up tokens for 90 days with early withdrawal of 45 days.
CONCLUSION
MahaDAO picks up where previous decentralised autonomous organizations left off, introducing the concept of a valuecoin, as opposed to a stablecoin. Unlike stablecoins which are backed by the US dollar, the ARTH valuecoin is backed by a basket of uncorrelated assets in the ARTH vault, and maintains (and even appreciates) its purchasing power regardless of wider market movements.
*This post is for informative purposes only.
