Pranay Singhavi and Steven Enamakel, founders of MahaDAO, have purchased large amounts $MAHA from several private sellers in an OTC bulk transaction. Moonrock Capital’s Simon Dedic led the deal, giving the founders a greater stake in the project.

MahaDAO’s new deal represents a great start to their project. With the launch of its valuecoin, ARTH (OTC), the project has a brand new platform that allows for stable cryptocurrency and beats inflation in high-inflation countries like Venezuela and Argentina.

MahaDAO saw a strong inflation rate of 2.2% per month since the December 2020 launch of MAHA tokens. This inflation rate decreases to 0.6% per mois from December 2021 because private-sale investors no longer receive token unlocks. Making the MAHA token less scarce, however,

Because of the large volume of trade, which amounts to approximately 3% of MAHA’s circulating supply, MahaDAO will be in a position to guard the DAO governance against any malign whales.

“We are incredibly grateful to Simon Dedic and the Moonrock team for allowing us to become more vested in what we are building. As founders, we have a long-term outlook for the project and this deal ensures that we can protect MahaDAO’s governance for the long term. It is a great thing that Simon and other VCs share a long-term vision for MahaDAO.
– Steven Enamakel, MahaDAO

“We have worked with the MahaDAO team for more than a year now and fully believe in their capabilities to execute on their vision. It is crucial that the DAO becomes as decentralised and efficient as possible. We sold a large portion of our MAHA holdings to the team to increase our ownership but still have significant exposure. We will continue to support the project to become one of the leading DeFi projects in this space.”
– Simon Dedic, Moonrock Capital

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