MahaDAO IDO on the 17th Dec with Polkastarter: Exclusive Details
By: Steven Enamakel
Tags: Partnerships, Initial Coin Offering, Mahadao, Polka, Token Sale

In this post, we are making public information regarding MahaDAO‘s upcoming IDO public sale which will happen on December 17th on Polkastarter.

We’re excited about this because we believe that giving an opportunity to the public has always been one of our foremost goals in creating the most innovative stable coin.

(Please note that this article will be continuously updated as the IDO date reaches closer).

IDO on Polkastarter and Uniswap Listing

We’re excited to announce that MahaDAO will be amongst the first three projects that’ll do its Initial DEX Offering on Polkastarter.

We strongly believe that Polkastarter is the right platform for us to conduct the launch in a fair and easy manner without much manipulation by bots.

Post the closure of the IDO, the $MAHA token will be immediately listed on Uniswap and the staking programs will go live.

Initial DEX Offering Details

The $MAHA token will be sold on Polkastarter at a fixed-price sale. Contributions are accepted in ETH only.

The sale will last for 4 hours. Before the IDO token are released to the public, the token will be listed on Uniswap.

MahaDAO is raising 125,000$ worth in ETH, out of which 50,000$ will be made exclusive to POLS token holders only.

The MahaDAO IDO landing page will be published on Polkastarter website on 15th December with a countdown timer of 48 hours leading up to the monumental IDO event on December 17.

The IDO price is set at 0.6$, which gives the $MAHA token a fully diluted valuation of 6 million USD.

Seed and Private sale information

Seed sale: Raised $125k at a seed sale price of 0.25$ per token at a fully diluted market cap of $2.5M USD. The initial circulating supply on TGE is $20.83k.

Private sale: Raised $625k at a price of 0.5$ per token at a fully diluted market cap of $5M USD. The initial circulating supply on TGE is $62.5k.

Uniswap listing: It will happen 3 hours post the IDO launch.

Initial Uniswap Liquidity: 200–300k USD

$MAHA is a low-cap, low-supply token

For the MahaDAO project to successfully see a lifetime longer than most crypto projects out there, the token distribution plan is set to a 10-year plan and the initial valuation is kept low.

On TGE less than 5% of the supply (worth $250k at private sale price) will be in circulation with the remaining supply distributed over the next 10 years.

This ensures that the $MAHA token is not centralized to a few parties long-term but also has short term scarcity.

Important IDO Update!

In order to make sure that every person gets an equal & unbiased opportunity to buy in the upcoming $MAHA IDO, we have created a simple form for you to whitelist your address for the IDO. This shall prevent bots from entering into the sale and solve other issues to provide a fair sale environment to the community.

It’s necessary for each and every person interested in the IDO to fill this form — https://bit.ly/3qVfY02

In the form, you will only have to share with us:

- Your Twitter handle

- Your ERC20 address

- A Tweet link (A simple tweet (https://form.typeform.com/to/pVEIqHeN) to acknowledge that you are not a bot)

Our goal is to give as many community members the opportunity to hold $MAHA and join our mission to create the next biggest stablecoin.

$MAHA Fundamentals

In this section, we share some of the key fundamentals that make the $MAHA unique from other projects and showcase why we’re here for the long run.

1. $MAHA is used to fuel the liquidity for $ARTH

The MahaDAO stablecoin platform is amongst the first of it’s kind to have liquidity farming built directly into the protocol, creating the world’s first incentivized stablecoin. Those providing liquidity to create $ARTH will be earning $MAHA tokens as rewards.

2. $MAHA is used to pay the stability fees for $ARTH

As more and more collateral is deposited into a vault to mint $ARTH; A fee is paid by the vault owner if he/she wishes to.

3. $MAHA is used to make key decisions to the direction of $ARTH

As a governance token, $MAHA token holders will get the ability to vote on various parameters that’ll govern $ARTH such as the stability fee, risk parameters of various collaterals, reward distributions, etc.

4. $MAHA is bought-back and burnt as $ARTH adoption grows

As the adoption of $ARTH grows more and more, $MAHA is bought back and burnt off to reduce the supply of $MAHA tokens and pay an indirect dividend to all existing $MAHA token holders.

Post-IDO: $MAHA Staking & Uniswap liquidity staking Programs

Post the IDO, the $MAHA token will be immediately listed on Uniswap and the $MAHA staking programs will go live immediately. After a 2–3 week period, the Uniswap liquidity staking programs will go live.

There are three staking programs with MahaDAO. One for the $MAHA token itself and two for the Uniswap liquidity providers.

Details for the various staking programs can be found in this article where we announce our partnership with Ferrum network.

APYs will be revealed closer to the IDO date.

About Polkastarter

Polkastarter is a permissionless DEX built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot.

With Polkastarter, decentralized projects will be able to raise and exchange capital cheap and fast. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20 standard.

About MahaDAO

MahaDAO is a community-focused decentralized autonomous organization that is on an explorative journey to create the world’s first valuecoin, ARTH.

MahaDAO Official Links

Telegram | Telegram ANN Channel | Twitter | Discord | Github| Website

Please note: Participants/inhabitants from China, South Korea, Singapore, Japan, Canada, USA, Puerto Rico, Brazil, France, Malaysia, Nigeria, Philippines, Russia, UK, US Virgin Islands, & any other possessions of the United States are not permitted to participate in any kind of sale conducted by MahaDAO because of restrictions enacted in the said regions.