What is MahaDAO? - https://mahadao.com/
MahaDAO is a DeFi protocol built on Layer with a novel concept. We as a community are working on creating the world's first valuecoin. Simply put, a valuecoin is a currency that is stable not in price but in value. The MahaDAO ecosystem features 2 coins: $ARTH & $MAHA
- ARTH is the value coin. ARTH is generated every time users stake their volatile collaterals in a CDP. ARTH is an absolute unit of measure that maintains the buying power of the token holder, irrespective of which direction the market moves and is backed by anti-correlated volatile/stable assets.
- MAHA is the governance token(much like MAKER in MakerDAO) used by the community to ensure ARTH stays value-stable.
With ARTH coin, MahaDAO is striving to fight a never-ending problem of fiat money & stablecoins - DEPRECIATION. All currencies are de facto inflationary & thus lose value over time. ARTH on the other hand promises to stay stable in its value, rather than price.
The MAHA Community & Alpha/Beta Testing
One of the key aspects of MahaDAO has to be its community. The community is & will be at the helm of all decision making, with the use of the Maha tokens. To ensure true decentralization, 70% of the total token supply is allocated to MahaDAO community members, i.e. 7,000,000 MAHA.
The community allocation of 70% tokens of the supply will be distributed through various programs like: Liquidity Farming, Contributor Grants, Merchant Grants, Influencers & Media, Alpha/Beta Testing Giveaways.
At this stage, we are looking for genuine participants to test the ARTH platform. Members who believe in the potential of the project & are willing to explore a possibly ground-breaking phenomenon that can change how we see money. As alpha testers, you should be willing to provide interesting insights & spot bugs/issues. Moreover, just tell us what breaks, and we would be happy to reward appropriately.
For taking part in Alpha testing, we will be giving $MAHA tokens as rewards. The steps to follow will be shared with all selected testers via a Medium post. Note: only test tokens will be used in the Alpha testing phase. We will also be doing a beta phase & gamma phase, which would involve more rewards & actual collaterals.
If you are interested to become an Alpha tester, fill out this form https://mahadao.typeform.com/to/axGQ7vCP to let us know of your interest.
It's a journey. Let's explore it together!