$ARTH Genesis Distribution Plan

Today, MahaDAO is excited to share with the community that the historic $ARTH, the world’s first-ever valuecoin, is ready for the world. At the genesis event on 16 January 2021 3pm GMT, the initial distribution for ARTH will commence. The event will last for 5 days.

Please read through the entire article to understand the working of the ARTH valuecoin & how you can participate in the community pools.

As shared in one of the previous articles, $ARTH follows an elastic supply model to maintain its value stability. The elastic supply model gives ARTH an opportunity of scaling faster than other stablecoins that are backed by underlying assets. Because of the elastic model, the protocol can create more ARTH to match an increase in demand.

How will the initial distribution of $ARTH be given out?

At the start of the protocol, the initial distribution of $ARTH will be given out proportionately and evenly to those who stake into the various smart contracts.

The protocol will start distributing the genesis $ARTH at 3 pm GMT on Jan 16th, 2021. The ARTH will also go live on Uniswap with liquidity worth 1 ARTH + 1 DAI.

Note: There will be no team pre-mine and this will completely be a community-focused launch.

Launch Plan — Genesis Distribution Plan

The first 500,000 ARTH genesis tokens (worth $500,000 at the start) will be distributed to the following community pools:

To keep the distribution fair and simple, all pools (except the MahaDAO pools) will be given the same number of ARTH across a period of 5 days.

Moreover for those providing liquidity to the ARTH-DAI pairs will be able to stake their tokens further to receive MAHA rewards across a period of 30 days.

To participate in these pools, please go to the Genesis Distribution section on arthcoin.com

What happens when ARTH trades above its target price?

When $ARTH is trading above its target price (ARTH target price is pegged to the Global Measurement Unit which is set at $1 during the Genesis period), new coins will get minted and get added back into the circulation as a way of decreasing the coin’s price.

The distribution of these newly minted coins is a very important factor to ensure that coins are distributed without causing too much volatility in the price whilst at the same time focusing on the longevity of the token.

The minting of ARTH happens in three phases.

• First, 2% of minted ARTH is deposited to the ecosystem fund that’ll be used purely for ecosystem development. (Exchange listings, Community Growth etc..)
• Second, the remaining 90% of the newly minted ARTH will be allocated to pay back bond token holders (ARTHB).
• Any remainder that is left out is given to token holders who have bonded in the following distribution pools.

1. Uniswap LP Bonding; ARTH-DAI and MAHA-ETH

Liquidity is one of the most important aspects of any stablecoin, hence the protocol gives more priority to those who provide liquidity to the ARTH-DAI pair on Uniswap &/or any other AMMs in the future.

ARTH-DAI LP stakers will receive 60% of all the allocated seigniorage and MAHA-ETH LP stakers will receive 10% of all allocated seigniorage.

Bonded Liqduity pool tokens are unlocked after 1 day of vesting.

2. $ARTH Bonding

To encourage ARTH holders to become passive stakers, the protocol has decided to allocate 30% of all allocated seigniorage to ARTH stakers.

There is however another category of tokens that’ll receive seigniorage called “Community tokens”. These will be tokens (decided by the MAHA Governance) that’ll constantly receive 2% of all newly minted seigniorage. The community tokens are meant to attract token holders from various communities (like YFI, Comp, Aave, etc..) to the ARTH ecosystem.

Bonded ARTH tokens are unlocked after 5 days of vesting.

How will these parameters change?

MahaDAO believes that these parameters can (and should) be changed over the course of the next few weeks to find the right values that’d encourage more stability for the protocol.

This includes things like understanding which tokens will go into the community pools or what percentage of the allocation should change or for how long these tokens will have to be bonded etc…

Conclusion: Moving towards a more stable future

These are measures taken to ensure that the ARTH protocol will be able to bring in a lot of new crypto (and we believe non-crypto) users to the MahaDAO community.

The primary goal of the ARTH protocol is to achieve (value) stability. Stability will result in more confidence amongst token holders and hence more utility for the ARTH valuecoin.

Hence, the roadmap for the ARTH valuecoin is to start off with a fully elastic stablecoin model, but then to quickly evolve to a hybrid model with collaterals plus an integrated elastic supply.

The elastic stablecoin space is evolving very rapidly and we ourselves are excited to contribute to this space by innovating and also sharing ideas and working towards a common goal. We will soon be sharing an extended article to this focusing on how ARTH is different from other elastic coins & stablecoins.

About MahaDAO

MahaDAO is a community-focused decentralized autonomous organization that is on a mission to create the world’s first valuecoin, ARTH.

Join us on our journey. ARTH. Purchase. Power.

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Please note: Participants/inhabitants from China, South Korea, Singapore, Japan, Canada, USA, Puerto Rico, Brazil, France, Malaysia, Nigeria, Philippines, Russia, UK, US Virgin Islands, & any other possessions of the United States are not permitted to participate in any kind of sale conducted by MahaDAO because of restrictions enacted in the said regions. Moreover, this is not to be construed as financial advice.