ARTH Genesis Live AMA, NFT Reveal, and FAQs
With less than 2 days for the Genesis, we reveal some awesome NFTs, and answer some of the most frequently asked questions by the MahaDAO community.
Live AMA! 🔥
To answer questions that many of our community members will be having around the Genesis launch, the MahaDAO team will be conducting two live AMAs to interact and engage with the community.
For those who’d like to ask questions to us live on YouTube, the AMA will be hosted on the Crypto Tonight show, with renowned community member and YouTuber, Darko at 1 pm GMT, Monday, June 21st, 2021.
More AMAs 🔥
The MahaDAO team have also planned an AMA with CryptoDaku, one of the most prominent crypto influencers at 4 pm GMT, Monday, June 21st, 2021.
Another community AMA is planned for our official Telegram community. For those who’d like to participate in our Telegram AMA, you can join us at https://t.me/mahadao at 2:00 pm GMT, Tuesday, June 22nd, 2021.
NFT Reveal!
So to make things interesting, We’d like to give the community a sneak peek at one of the 5 NFTs that will be made available during the Genesis event. The remaining 4 NFTs will be revealed during the live YouTube AMA with Crypto Tonight on Monday.
Introducing! The MAHA Lambo
The MAHA Lambo is one of the most famous and one of the first NFTs within the MAHA community. It was created by renowned community member Roland R and requires users to hold at least 10 lottery tickets to be eligible for this NFT.
Timeline
- Monday, June 21st, 2021 — ARTH v2 Airdrop and Community Live AMAs and NFT Reveals
- Tuesday, June 22nd, 2021 — Genesis is live, users can collect their ARTHX tokens (frozen)
- Tuesday, June 29th 2021 — Genesis finishes, ARTHX is unfrozen and farming for LP tokens begins. A rebase is done in case the genesis does not raise enough collateral.
FAQs about the Genesis Launch
In this section, we answer some of the most frequently asked questions by our community members.
Will I be able to participate in the Genesis on the Ethereum network?
Yes.
While the protocol is deployed on the Matic/Polygon network, users can still participate in the Genesis by depositing collateral on the Ethereum network as well.
(To do this, the MahaDAO team will collect funds from the Ethereum chain and migrate it to the Polygon chain after the Genesis is over keeping all the collateral within the Polygon chain. The dev team will constantly keep the progress of the Genesis on both chains up to date)
When will we get the ARTH v2 tokens airdropped into our wallets?
ARTH v2 tokens will be airdropped to all new users on Monday, June 21st, 2021 at 8 pm GMT.
Users can see the final snapshot details and calculate how much ARTH they will be getting by visiting the snapshot spreadsheet linked below.
For any discrepancies, please feel free to contact the MahaDAO team on our telegram and discord.
What should I do with ARTH v2 tokens at Genesis? Should I swap or hold?
Once, you have been airdropped ARTH v2 tokens, you have the option to either hold them or swap them for ARTHX at Genesis.
We encourage ARTH holders to swap their ARTH tokens for ARTHX. This will help achieve full collateralization of ARTH and will give users new ARTHX tokens which are deflationary in nature.
If I’m an ARTH holder? How can I avoid a rebase?
A rebase is decided based on how much collateral is raised by the Genesis event.
For example, If the protocol meets its target of 22mn$ worth of collateral, then there will be no need for a rebase. If the Genesis event only raises 50% worth of collateral, then a rebase of 50% will be executed.
Overall, it really depends on how the ARTH community & its holders behave and the actions they take in order to avoid a rebase. If ARTH holders help the protocol by swapping their ARTH for ARTHX, then the total raise for the genesis decreases decreasing the chance for a rebase to occur.
Is there a discount on ARTHX for those who swap ARTH vs those who commit collateral?
Swapping ARTH to ARTHX happens at a fixed rate of 1 ARTH = 100 ARTHX. A discount is given to those who commit collateral because committing collateral is more important to the protocol than swapping ARTH for ARTHX.
Keeping in mind that the collateral that has been committed is used to give the backing for the ARTH tokens.
Do I get lottery tickets for swapping ARTH? How can I win NFT rewards?
No. Lottery tickets are allotted to users who commit collateral. For each $1,000 committed, the user will receive 1 lottery ticket.
If the user commits $5,000, he/she is eligible for 5 lottery tickets. These lottery tickets can win you 5 exclusive NFT rewards after the Genesis is concluded on 29th June.
The more lottery tickets you hold, the more your odds of winning the NFT.
If you’d like to increase your chance of winning NFT rewards; commit collateral, collect lottery tickets, and wait for the Genesis to finish.
Will I get lottery tickets if I commit less than $1,000?
No. A minimum bar of $1,000 is set for collecting your first lottery ticket.
Will I get penalized by the ARTHX transaction fees for providing liquidity?
ARTHX is a deflationary token that charges a 5–10% fee on every transfer made. Whilst, this model helps in creating a design that is deflationary in nature and encourages long-term holding, it heavily penalizes users who would like to either buy ARTH from DEXs or add liquidity to DEXs.
To temporarily avoid this, the team will be whitelisting DEXs on which ARTHX is traded so that there will be no fees for buying, selling or adding liquidity on these DEXs.
I have some collateral (ETH, DAI, MAHA) locked up in some of the old distribution contracts. When can I get those back?
The DAI tokens have been refunded to all LPs and the only thing that remains is for the team to refund the ETH & MAHA to their respective holders.
This will be our top priority to work on once the Genesis event is over and we apologize for any inconvenience caused by the long wait.
Awaiting tomorrow…
Load your wallets — arthcoin.com is launching! 💥💥💥
We’re all set and excited, aren’t we? 🍻
About MahaDAO
MahaDAO is a community-powered, decentralized autonomous organization on a mission to empower billions to preserve their purchasing power through the world’s first valuecoin, ARTH.
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