DeFi

Introducing MahaChain, The DAO-Powered Blockchain by MahaDAO

MahaDAO, a decentralized autonomous organization, recently announced the launch of MahaChain, a revolutionary blockchain with built-in robust economic policies powered by smart contracts.

Bearing a resemblance with policies issued by a Central Bank, MahaChain implements different economic policies, such as quantitative easing, buybacks, interest rates to promote and boost the growth of dApps within the MahaChain ecosystem in a decentralized environment.

MahaDAO is a name synonymous with decentralization that takes a community-centered approach to pave the way for a new and better financial world with a fair, non-concentrated reserve of wealth. The launch of MahaChain will further the vision of MahaDAO and create a scalable, secure, and decentralized blockchain network.

MahaChain – The DAO-Powered Blockchain with built-in Economic Policies

The MahaChain is set for launch in the first quarter of 2022, with the testnet launch set in January 2021. Moreover, the economic policies will be coded into MahaChain in early 2022 in a whitepaper written jointly by Steven Enamakel (MahaDAO Creator) and Suhas Kulkarni (Economist). The introduction of economic policies will help MahaDAO effectively create and govern a fully decentralized economy.

MahaChain is an EVM-fork that uses a Proof-of-Stake consensus algorithm initially conceptualized by the POSDAO. Moreover, the blockchain will initially support 100 validator nodes elected through a decentralized voting mechanism involving the $MAHA token holders. With this dual-token design, the role of $MAHA will increase further as a Proof-of-Stake token used to govern and secure $ARTH.

Following the launch of MahaChain, MahaDAO will open its gate to the world of DeFi, NFTm Gaming, and dApp builders. Users can now deploy their dApps on MahaChain and receive MAHA tokens as economic rewards. However, the primary focus of the blockchain remains on the high inflation countries like Venezuela, Argentina, Turkey, etc. Residents of these countries can interact with an inflation-proof stable currency and simultaneously invest and interact with projects built on MahaChain.

MahaChain is unique and takes a different approach than other layer-1 EVM chains in the industry. It will support interoperability on the day zero itself with several bridgers to help users interact with dApps and tap onto the liquidity on the other blockchains such as Ethereum, Polygon, BSC Chain, from MahaChain.

About MahaDAO

MahaDAO is a community-powered DAO that aims to empower the world by preserving its purchasing power using ARTH, the world’s first Valuecoin. $ARTH tackles US Dollar inflation and is resistant to the financial crisis and low volatility.

Another token, the $MAHA token, plays a crucial role in the ecosystem as it is the governance token for ARTH valuecoin. It makes sure that the system remains decentralized and free from manipulation by any single entity. To learn more about MahaDAO, visit https://mahadao.com/.

Social Links 

Website | App | Telegram Chat | TG ANN | Twitter | Discord | Reddit | Github

Contacts

Creator

  • Steven Enamakel
  • MahaDao
  • Info@mahadao.com

Scallop Preparing for IBO and KuCoin Listing

Scallop is a cutting-edge fintech ecosystem that aims to provide community members and users with a more convenient, secure, and effective way to manage their crypto and fiat assets in one place. 

It has launched the world’s first-ever Initial Blockchain Offering on MahaStarter, MahaDAO’s incubator platform. The Scallop community will gain early access to this IBO, which will come with a number of benefits. The whitelisting process for IBO has already started, and the following are the IBO’s details:

Also, the IBO will be followed by the KuCoin listing, which is on October 28, 2021, the day after the  IBO.

Scallop is an inclusive DeFi platform that integrates the best of the DeFi and the blockchain world in a single space. Apart from the DeFi products, Scallop also has an NFT marketplace built with the DeFi capabilities of the platform. It is the first NFT marketplace where users can trade digital assets with fiat assets directly. 

NFTs are roaring in the blockchain space and have been propelling the mass adoption of cryptocurrencies in different communities. Scallop resonates with this aim and offers an NFT marketplace where users can buy, sell and leverage digital content. Moreover, the NFT marketplace can be synced with DeFi accounts and is protected using an extra layer of security to ensure peace of mind for users. 

Scallop with the IBO and KuCoin listing will add more utility to the platform and move forward on its aim to bridge the gap between centralized and decentralized finance.