MahaDAO/Wrapped Ether seems undervalued 22/02/2021MahaDAO, which is releasing ARTH, a decentralized non-depreciating algorithmic token, which derives its value from a basket of uncorrelated assets, the relative weights of which are automatically adjusted by automatic buying and selling in response to changes in the price of each individual asset relative to the others.
MAHA is a governance and utility token that will regulate ARTH value coins — the world’s first non-depreciating crypto token.
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.
The live MahaDAO price today is $9.57 USD with a 24-hour trading volume of $2,912,617 USD. MahaDAO is down 3.33% in the last 24 hours. live market cap of $5,861,850 USD. It has a circulating supply of 612,451 MAHA coins and a max. supply of 10,000,000 MAHA coins.
The top exchanges for trading in MahaDAO are currently BKEX, Uniswap (V2), Hoo, Gate.io, and Bilaxy.
technical:
as we can see there are 2 TPs above the ATH which we have defined them with Fibonacci expansions.
