MahaDAO Community Catchup #4 — February 2021
We started writing the community catchup series in November 2020. In December 2020, we conducted one of the most historic IDO on Polkastarter. This is our fourth instalment of the community catchup series, & it already shows how much we have accomplished. Such has been the speed at which development has taken place at MahaDAO.
In the fourth article of our community catchup series, let’s catchup with the action that happened in the month of February.
ARTH retains GMU peg through MahaSwap
One of the major highlights of February month was the launch of MahaSwap & ARTH’s price reaching back to its target price. This in no way is a small feat for the MahaDAO community, given the struggle seen by various other algo coins.
Here is a quick highlight of how things unfolded:
- MahaDAO introduced a new pool with incentives/rewards for ARTH traders — February 3rd, 2021
- Launch of MahaSwap — February 9th, 2021
- After a successful launch of MahaSwap, ARTH was able to achieve its target peg in the days to follow. Before that, all ARTH Bond holders were also able to redeem their Bonds.
- ARTH officially entered its first expansion phase after contracting on February 24th, 2021.
- For any project to succeed, liquidity is one of the most important aspects. Since MahaSwap’s launch, ARTH’s liquidity has seen a hockey-like trajectory. The current Liquidity stands at a whopping 3.6 million dollars.
Partnerships
MahaDAO found 2 crucial partners for Oracle Feeds & Dual Farming respectively. The magnitude of these partnerships mean a lot to the MahaDAO ecosystem & will unlock benefits to its users in the coming month.
- Securing a community-driven price oracle feed for ARTH GMU with Umbrella Network — February 16th, 2021
- Announcing a Dual Farming Program with DAOventures(for $MAHA & $DVG tokens) — February 25th, 2021
Listings
- Listing of $MAHA & $ARTH on Bitmax — February 15th, 2021
- Listing of $ARTH valuecoin on Bitmart — February 25th, 2021
- Listing of $ARTH valuecoin on Biki — upcoming
Governance & Community
The discussion forum & governance portal are helping MahaDAO reach to a stage of total decentralization. This was more evident than ever before as we saw a very meaningful & healthy contribution from MahaDAO’s community members.
4 unique proposals were passed in the month of February & MahaDAO would like to show appreciation by rewarding the 3 most contributing members of the MahaDAO community in MAHA tokens.
Warren: 600 MAHA
Rob Mac: 600 MAHA
Michael: 600 MAHA
(The awards will be vested over few months and the members shall be privately informed about the same)
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As per strong recommendations from our advisors, our VCs, investors and our core team members, MahaDAO has gone ahead with implementing the proposal bearing an adjustment to the existing seed & private sale unlock to a per block emission schedule, spread across 365 days. This will help us substantially in getting buy-ins from Tier1 exchanges we are speaking with, as they have the assurance that there are no negative events ahead.
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Another achievement to cherish for the community is having crossed the 25,000-follower mark on Twitter.
Exclusive Access for MAHA holders
Looking forward to March 2021!
MahaDAO is still in infancy and what’s coming next is a push towards accessibility, usability and adoption. For the next leg in our journey, there are so many exciting things in the works:
- MahaDAO going cross-chain
- Unveiling of the incubation project for MAHA holders
- Official MahaDAO Hackathon (more on this in the coming weeks)
About MahaDAO
MahaDAO is a community-powered, decentralized autonomous organisation on a mission to empower billions to preserve their purchasing power through the world’s first valuecoin, ARTH.
MahaDAO Official Links
Telegram | Twitter | Discord | Github| Website | Governance Portal | Discussion Forum | Gitbook | Product
