We are excited to announce that ARTH 2.0 will be launching on Polygon. MahaDao is expanding its journey with Polygon by launching V2 of its decentralized algorithmic currency over-collateralized fractional reserve currency, ARTH 2.o on Polygon to enable low-cost transactions and fast finality for ARTH holders.
ARTH 2.0 Mainnet Launch
After the migration of ARTH tokens to V2 users can connect to the Polygon bridge.
The ARTHX token and the ARTHX Genesis will launch exclusively on Polygon. Using Polygon bridge, users can convert ARTH & MAHA tokens into a 1:1 ratio.
Starting June 22, the ARTHX Genesis Distribution will be carried out for 7 days till June 29. Users will be able to utilize different assets as collateral such as MATIC, USDC, and USDT to get their hands on ARTH.
After the Genesis distribution, an additional 5% ARTHX will be minted and distributed to MAHA holders on Polygon.
ARTH 2.0 platform is set to go live on the 29th of this month on Polygon. MahaDAO is excited to launch on Polygon with its vision of going cross-chain.
ARTH v2 to address problems with current decentralized stable coin cryptocurrencies
MahaDAO understands the need for over-collateralization and to address problems with current decentralized stable coin cryptocurrencies, ARTH v2 will be improving on all fronts. MahaDAO is set to unveil the new avatar of their version of what a stable currency should be — Stable. Valuable. Secure.
About MahaDAO
MahaDAO is a community-powered, decentralized autonomous organization on a mission to empower billions to preserve their purchasing power through the world’s first value coin, ARTH.
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zk Rollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption + Dapps, ~380M txns, and ~1.7M+ unique users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
Source : blog.polygon
