With the same mantra, they launched MahaStarter, a platform to launch high-quality, long-term projects that will create a positive impact on the world with their products & services.
To clear the MahaStarter due diligence process is no walk in the park. A project goes through strenuous tests, both qualitative & quantitative. The MahaDAO team conducts multiple calls with the project, understands the project’s unique value proposition, target market, and go-to-market strategy before giving it a green signal.
Only 1 out of 50+ projects could make it in the last month — FORWARD PROTOCOL
Forward Protocol uses an easy-to-use WordPress-like model to facilitate a no-code environment that users can use to deploy their Blockchain applications without technical knowledge.
Forward Protocol also has elements of NFT, DeFi, Gamification, AI, ML and Social Tokens inbuilt that connect with the value-driven economy. Applications from Forward Protocol can be deployed on any EVM compatible chains in a single click. It is also keen on using ARTH as a stablecoin in its ecosystem.
In this article, we’d also like to share with the community more details on the FORWARD IBO & aim to offer a seamless experience. At the end of this article, they answer important FAQs before the launch on Dec 14th, 3 pm UTC.
Pools
*Please note: Please stay tuned to our announcements channel on Telegram for deets marked as TBA (To Be Announced).
1. FORWARD Public Pool
> Pool size: $40,000
> Max Allocation: TBA
> Eligibility: All
> Type: FCFS
2. FORWARD MAHAX Tier 1
> Pool Size: $20,000
> Max Allocation: TBA
> Eligibility: TBA
> Type: Guaranteed
3. FORWARD MAHAX Tier 2
> Pool Size: $30,000
> Max Allocation: TBA
> Eligibility: TBA
> Type: Guaranteed
4. FORWARD SquareUp Pool
> Pool Size: $10,000
> Max allocation: TBA
> Eligibility: Users with failed transactions during SCLP sale
> Type: FCFS
For the FORWARD SquareUp Pool (4), we’d like you to fill out this small form to verify your eligibility — https://docs.google.com/forms/d/e/1FAIpQLSfFiAv8CnunWAhgjkWCyQWRtOM9PP2bpykqO2gj0eOOV3Jziw/viewform?usp=sf_link
FAQs
What is the max allocation per user for all the pools?
The max allocation for all 4 pools is undefined as of now. The same will be announced post the whitelist results are declared. Stay Tuned to MahaDAO’s announcements channel on Telegram.
When will the Forward IBO Whitelist start?
The Forward IBO Whitelist will be anonunced closer to the IBO date.
Are both the MAHAX Tier 1 & 2 pools guaranteed allocation?
Yes. Both MAHAX pools will be guaranteed allocation.
Will the eligibility & max allocation differ for both MAHAX pools?
Yes. The Tier 1 pool will cater to the top holders of MAHAX & will receive a higher max allocation, whereas the Tier 2 pool will cater to all the remaining MAHAX holders with a slightly low max allocation.
Do I need a KYC on MahaStarter?
Yes. You will be able to complete your KYC when the KYC window opens before the sale.
Do I need to KYC again if I did it before?
No. If you’ve done your KYC once on MahaStarter, you don’t have to do it again.
Can I participate in multiple pools at the same time?
No, you can only participate in one pool for any given token sale.
Is there a guidebook on how to participate in Mahastarter IBOs?
Yes, please refer to this article.
Does holding MAHA tokens on exchange make users eligible to participate through the MAHAX pool?
No. Users need to lock their MAHA for MAHAX. Please refer to the next question to learn how to get MAHAX.
How can I get MAHAX to participate in the MAHAX pool?
MAHAX cannot be bought. It can only be procured by locking MAHA (MahaDAO’s governance token). To get MAHAX, you need to lock MAHA on the Polygon network at the MahaDAO Governance site.
If your MAHA balance is on the ETH network, you will have to bridge your MAHA token to the Polygon Network. Please use the guide below for reference.
MAHA (Polygon Address): 0xedd6ca8a4202d4a36611e2fff109648c4863ae19
How to use the Polygon Bridge: https://medium.com/stakingbits/guide-to-using-the-matic-bridge-to-bridge-tokens-from-ethereum-to-polygon-c3e66cf3d334
Follow the simple steps on https://gov.mahadao.com/#/locker to lock your MAHA for MAHAX.
Please note: Participants/inhabitants from China, South Korea, Singapore, Japan, Canada, USA, Puerto Rico, Brazil, France, Malaysia, Nigeria, Philippines, Russia, UK, US Virgin Islands, & any other possessions of the United States are not permitted to participate in any kind of sale conducted by MahaDAO because of restrictions enacted in the said regions.
About MahaDAO
MahaDAO is a community-powered, decentralized autonomous organisation on a mission to empower billions to preserve their purchasing power through the world’s first valuecoin, ARTH.
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