What is MahaDAO?
MahaDAO is a decentralized community-driven project that is built on Binance Smart Chain (BSC), Ethereum, and Polygon.
The MahaDAO crypto platform has the goal of preventing asset depreciation and ensuring that token holders never lose their ability to make their own financial decisions. The main highlight of the project is the ARTH token, which is a decentralized non-depreciating algorithmic token. This means that the ARTH token does not decrease in value and is governed by a predetermined set of guidelines for computation.
However, apart from the ARTH token, the platform also has the MAHA token, which is a utility and governance asset. Check out the current MahaDAO price chart above to see the current MAHA price.
Use Cases of MAHA Tokens
One of the main uses of the MahaDAO token is the governance of the MahaDAO ecosystem. MAHA holders have the right to vote on various decisions that influence the further development of the project.
Also, MAHA tokens are used to supply liquidity to ARTH tokens through the liquidity farming tool built into the platform.
Moreover, MahaDAO token holders can earn rewards by staking their tokens and providing liquidity to ARTH.
Lastly, MAHA token holders can use their tokens to pay for platform fees as well.
Interested in MahaDAO coins? If you are, make sure to check the MahaDAO price chart above. It will help you to make a thorough MAHA price analysis.
Who Founded MahaDAO?
Steven Enamakel and Pranay Sanghavi are the co-founders of MahaDAO. Steven is a computer scientist, economist, and mathematician, while Pranay is an advisor and investor in various Web3 projects.
Tokenomics of MAHA
The max supply of MAHA tokens is 10 million. However, to keep the token supply more scarce and stabilize the MAHA price, the platform utilizes a buyback-and-burn mechanism. This means that a certain portion of generated fees is used to buy MAHA coins from the market just to burn them immediately, this way reducing the circulating supply.