MahaDAO Community Catchup #8 — June 2021
Hello MahaDAO Community.
June, fair to say, has been one of the most incredible and jam-packed months for the MahaDAO team. We saw a highly engaged community over this month, a lot of new faces joining the MahaDAO ecosystem, and many people helping each other.
A lot has happened over the last few weeks, that it’s time we recapped all the events that took place and shared with the community what happened in the month of June.
Product Genesis Launch, NFT launches, PR Coverage, and more!
Starting with the most obvious — The launch of the innovative, improved and vastly upgraded ARTH v2. MahaDAO conducted two detailed rounds of testing — Beta and Gamma. Gamma round concluded with 0 critical bugs.
Post which, on 22nd June we launched arthcoin.com on the Polygon chain. The protocol went fully live on July 4th 2021.
The protocol continues to grow in terms of liquidity and the peg is still being maintained.
Partnerships/Integrations
MahaDAO integrated with Cryption Network will open options for ARTH holders to join a triple farming pool with rewards in ARTHX, MAHA & CNT tokens.
Polygon, one of the top 20 crypto projects, welcomed ARTH with open hands on its chain. Hence, giving the Polygon chain a fractional reserve currency that is 110% collateralized.
Now that the protocol has finally launched and we start to see some scale, the team will further expand on the partnerships & business-development activities to increase adoption for MahaDAO’s products.
Press Releases Regarding the Launch
Leading up to the launch, the team had posted press releases on various publications including crypto and non-crypto sources, two weeks prior to the launch,
iHODL | ZyCrypto | Investing.com | Blockonomi | BTCManageThe PRs were further covered extensively by various other influencers within the crypto space, including a mention by Bitboy Crypto.
Launch of the GMU at 2$
To further cement our fight against inflation, we also announced to the community in a surprise announcement that ARTH is going to start off at 2$.
According to our simulations of the model depicted in the ARTH Whitepaper, Arth Global Measurement Unit (GMU) value, since our beta launch in Jan, is coming to $1.8.
As per the advice of our economists, researchers, and professors, post the last version launch, they strongly suggested to the MahaDAO team that to combat inflation, as per the vision of MahaDAO, ARTH Global Measurement Unit (GMU) should be pegged to $2
The biggest rise in Github Activity & Community Engagement
This month also saw the highest rise in our Github in terms of commits and requests being made. With the public beta, Genesis event, and launch of ARTH v2 we saw a lot of activity amongst the MahaDAO devs and with community members.
Further, the Genesis launch saw peak users joining our Telegram, Discord and Twitter channels, with Twitter growing the most, adding over 33%+ new followers by the month-end.
As MahaDAO continues to build more products, we hope that this growth continues to spiral to unimaginable limits.
The community had the strongest growth this month
We left the most amazing highlight for the last. The MAHA community came out and created a strong example for DAO’s and decentralized communities.
The MAHA team awarded $25,000 in MAHA tokens to one of the most active and inspiring community members, Ultra and we hope to encourage more community members to join the MahaDAO bandwagon and help contribute to the growth of the DAO.
At various moments during Genesis, the community came together to ideate, share ideas and contribute towards the growth of the protocol. It is fair to say that the month of June is what helped the community identify a lot of new long-term members into the project.
Besides an increase in activity on Telegram, Twitter, and Discord, we also saw the largest turnaround for the latest governance vote (AIP16) that took place. More than 25% of the MAHA supply voted for the AIP16 governance vote which was the largest ever participation by the MAHA community.
If there ever was a historic month for the MAHA community, it’d have to be the month of June 2021.
So what’s next for the community?
Going forwards, into the month of July, the MAHA team will actively start expanding the community onto other platforms as well (Discord and Reddit). We believe that community is one of the strongest factors that will help fuel the growth for MahaDAO.
The MAHA team will continue to progress more into a decentralized fashion and scale our community activities soon.
Conclusion: What’s next for MahaDAO?
As mentioned in previous announcements, MahaDAO has a very strong roadmap in place. The fact that we were able to launch, showcases that we can now continue to meet other milestones in place.
Our goal is nothing short of a 1 billion TVL target for ARTH, positioning MahaDAO pretty soon as one of the most innovative and pioneering projects amidst the inflation narrative.
In the coming few days, we will be sharing a new roadmap for the community members, given that a lot has changed over the past 6 months. So stay tuned for that!
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.
MahaDAO Official Links
Telegram | Twitter | Discord | Github| Website | Governance Portal | Discussion Forum | Gitbook | Product
