What Is MahaDAO (MAHA)?
MahaDAO (MAHA) is a decentralized community-driven token built on Binance Smart Chain (BSC), Ethereum, and Polygon. The MAHA platform aims to fight depreciation and help the token holders never lose their financial independence. Besides this, MahaDAO seeks to introduce ARTH coin, i.e., a new kind of currency that helps maintain the individuals' purchasing power.
MahaDAO, a decentralized autonomous organization (DAO), aims to be one of the first value coins to preserve purchasing power. The platform is a non-depreciating algorithmic token built on Layer 2 protocols. Non-depreciating algorithms are the 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 automatically adjusted by trading in response to the change in prices.
MahaDAO uses two tokens: MAHA and ARTH coins. MAHA is the ticker name for the MahaDAO protocol. MAHA is a governance token built on the Ethereum ERC-20 token type standards. Besides this, MAHA is also a utility token that regulates ARTH coins. Apart from this, MAHA token holders influence ARTH in scenarios like stability fees, protocol direction and strategy, and improved proposals that optimize the protocol.
Meanwhile, ARTH is the ticker name for ARTH coins minted by the MahaDAO protocol. ARTH is a stablecoin that follows the standards of the ERC-20 type built on Ethereum. Moreover, ARTH coins aim to be relatively stable and not be pegged to traditional currencies. The feature of being stable seeks to help the coin remain immune from inflation.
According to the MAHA whitepaper, the key fundamentals that aim to make the MahaDAO protocol unique are:
MAHA is used as a fuel to liquidity ARTH.
MAHA is used for paying stability fees for ARTH because as a greater number of collaterals are placed into the vault, the greater number of ARTH can be minted.
MahaDAO platform is a key for the direction of ARTH, mainly due to MAHA being a governance token.
MAHA token purchasebacks the token and burn under the coin burning mechanism for growth of the ARTH coin.
History of MahaDAO (MAHA)
According to the roadmap of MahaDAO, the concept whitepaper was released in Quarter 1 of 2021. The release of the concept whitepaper was led by the core team, including Steven Enamakel and Pranay Sanghavi, the creator and cocreator, respectively; Sagar Behara and Yash Agrawal, the blockchain developer; and many others.
Tokenomics of the MahaDAO suggests that the maximum total supply of MAHA tokens from December 17, 2020, seeks to be 10 million with 2% inflation after ten years. In contrast, the maximum total supply of ARTH coins aims to be elastic, i.e., it depends on the demand and supply of the token in the market.
