In accordance with the press release shared recently, Polygon (MATIC) will be hosting value coin introduced by MahaDAO, ARTH. The team behind MahaDAO is planning to release its spearheading product value coin on the fast-growing smart contract environment. MahaDAO Introducing ARTH, to be Released on Polygon (MATIC) MahaDAO has recently made an announcement regarding the introduction of its very first value coin on top of the Polygon Network which was previously known as Matic. As revealed in the announcement, the ARTH value coin is all set to be released on Polygon while other versions that are going to be based on Ethereum and BSC will be released in the near future. Talking further about the value coin, it is an asset that has got its backing from uncorrelated assets such as Bitcoin, Gold, and Fiat in a share of 5%, 15%, and 80% respectively. Hence, it has already been made clear that the price of ARTH will not get exposure to the movements that are driven by inflation. Moving further toward the regulatory details, the ordinance model of the new product is planned to be decentralized and the holders of MAHA, the core governance asst of MahaDAO will be made available to redisperse the non-correlated portfolio of assets of ARTH. MahaDAO’s Yield Farming Launch to be Introduced MahaDAO will be launching yield farming along with MAHA and ARTHX tokens as rewards, beginning from June 22 of this month. ARTHX can be considered as another token given by MahaDAO that is developed completely to make sure that there is stability in the ARTH token. It does so by absorbing the lucidity in the asset. In addition to this, it was revealed that the early supporters of the event that is scheduled for June 22 will be made eligible for participation in a lottery and the winners will be receiving NFTs by MahaDAO.
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