Mahadao founders buy $ 100,000 Maha back at an average price of $ 3.4

tortola, BVI, December 16, 2021,

The founders of Mahadao, Steven Enamakel and Pranay Sanghavi recently bought a large part of Maha back from various private sales investors in an OTC large transaction. The deal was directed by Simon Dedic by Moonrock Capital, which made it possible for the founders to have a stronger interest in the project.

The deal marks a new beginning for Mahadao, since the project with the introduction of its Valuecoin Arth, a stable cryptocurrency that affects inflation in high-inflation countries such as Venezuela, Argentina and Turkey via their open source mobile app, reaches new heights.

Since the introduction of the Maha token in December 2020, Mahadao has been a high inflation rate of 2% of the MAHA offer per month. However, this inflation rate is reduced to 0.6% per month from December 2021, since private sales investors no longer receive token activation, which makes the Maha token scarce.

Due to the high trade volume, which is about 3% of the circulating Maha offer, the Mahadao team will be able to protect the government of DAO from malicious whales.

"We are incredibly grateful to Simon Dedic and the Moonrock team that they made it possible for us to get more into what we build. As founders, we have a long-term perspective for the project and this deal ensures that we can protect Mahadao's governance in the long term. We are grateful that VCS like Simon also share a long-term vision for Mahao." - Steven Enamakel, Mahadao

"We have been working with the Mahadao team for more than a year and believe firmly in their skills to implement their vision. Since it is of crucial importance for their DAO, we have decided to return a large part of our MAHA stocks to the team in order to be more involved in their success, while we continue to have a significant commitment. become." -Simon Dedic, Moonrock capital

About Mahadao

mahadao is the defi project behind the algorithmic valuecoin arth. Valuecoin gives the owners financial freedom without volatility, since it is stable and is controlled by its community via a separate governance token, whereby the owners can vote on savings rates, stability fees, direction, strategy and future developments for Arth token.

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