MAHA.xyz

Halal Rating :
Comfortable
Last Price $0.68 Last updated:
Rank 1670
1D Change 3.36 %
Market Cap $2.97m
Circulating supply 4,391,496
Maximum supply 10,000,000
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • Ethereum Ecosystem
  • Polkastarter
  • Polygon Ecosystem
  • Optimism Ecosystem
  • Base Ecosystem
  • Linea Ecosystem
  • Blast Ecosystem
  • Scroll Ecosystem
  • X Layer Ecosystem

Overview

MAHA is the governance token of MahaDAO, a decentralized autonomous organization (DAO) that aims to create and manage stable cryptocurrencies. The project's main product is ARTH, which is designed to be a valuecoin that maintains its purchasing power regardless of market volatility.

Purpose and Utility

The primary utility of MAHA tokens includes governance rights over the MahaDAO protocol, staking capabilities, and participation in the ecosystem's development. Token holders can vote on protocol parameters, propose changes, and participate in the management of the ARTH valuecoin system.

Business Model Analysis

The protocol's business model focuses on maintaining a stable cryptocurrency ecosystem through algorithmic mechanisms and community governance. The core functions do not involve inherent riba (interest) or gambling mechanisms. The protocol's stability mechanism relies on market forces and algorithmic adjustments rather than interest-bearing instruments.

Development and Adoption

MahaDAO maintains active development, with regular updates to their protocol and documentation. The project has implemented multiple versions of their ARTH valuecoin and continues to evolve their ecosystem. While adoption remains limited, this is not a concern from a Sharia compliance perspective.

Token Distribution

The token distribution includes allocations for the team, development fund, and community. While there is a significant allocation to the team and early supporters, these tokens are subject to vesting periods, indicating a long-term commitment to the project.

Crypto Impact

To assign a comfort level investing in MAHA.xyz from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to MAHA.xyz.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

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