MahaDAO launches IDO for non-depreciating cryptocurrency- ARTH

MahaDAO launches IDO for non-depreciating cryptocurrency- ARTH

MahaDAO, a decentralized autonomous organization (DAO) that is governed by the MAHA Community, has reportedly introduced an Initial DEX Offering or IDO for their governance token- MAHA, a governance and utility solution that monitors ARTH, the world’s first cryptocurrency that is non-depreciating.

In a statement by Mr. Pranay Sanghavi, Business Co-Founder of MahaDAO, with the rapidly changing economic environment globally, the MAHA community aimed at developing an asset that helps protect the buying power of the holders. MahaDAO is working towards buildings the world’s first value stable coin – ARTH, which will help sustain the wealth of the people and also help them pay less for more, he further added.

Sanghavi further states that the Initial DEX Offering worth USD 125,000 will provide organizations with resources that will help protect billions from inflation and depreciation of FIAT currencies. Additionally, the sale will provide early adopters and investors access to the ARTH platform. By taking part in the IDO, the public will benefit from a limited time fixed price offered by MahaDAO.

It is worth mentioning that, as opposed to the table coins that are backed by the U.S. dollar, the ARTH value coin is backed by a series of uncorrelated assets in its vault and monitors its purchasing power regardless of widening market movements. These include 80% global flat currencies, 15% gold, and 5% Bitcoin.

For the record, the mechanism of the protocol is designed such that, if the value of an asset depreciates in terms of buying power, the other will automatically appreciate, stabilizing the buying power of the coin.

In the digital payment space, MahaDAO has gained considerable recognition ever since the development of Bitcoin, as it is aimed at returning the global monetary landscape to a secure, transparent, and established unit of purchasing power, that has not been witnessed since the prevalence of gold standard.

Source Credit: https://techgraph.co/crypto-currency/mahadao-launches-initial-dex-offering-for-maha-governance-token/