Riding on the DeFi wave is yet another project dubbed Anatha, a vertically integrated DeFi ecosystem that feeds rewards directly back to the participants in the form of native tokens. In the latest developments, the price of Wrapped Anatha [wANATHA] has surged more than 470% since it was listed as the world’s largest DEX Uniswap on 1 October.
The project recently unveiled its community liquidity access event with a $4.5M value of Ether in Uniswap Liquidity, paired with 300 million wANATHA using a multi-sig solution for secured Liquidity injection into DEX on the 4th of October.
Shortly thereafter, Anatha went on to become the most successful initial liquidity offering fair launch event on Uniswap witnessing over 13,000 ETH raised in just 24-hours. Notably, during this time, there were 2,000 wallet holders with a $30 million transaction volume which drove the price of wANATHA to rally over 470%.
According to its official blog post, Anatha aims to build systems that are an alternative to fiat insider greed and systems that are inclusive. On the first day of its Wrapped Anatha [wANATHA] Uniswap listing, the project also launched Cosmos Tendermint powered network and the DeFi wallet solution.
Explaining how Anatha is different from other players in the market, CEO Edward Deleon Hickman stated,
“Unlike most projects we’ve actually built most of what we are describing before going to market. I think that’s a key indicator of the seriousness of our approach. That said, the key driver for both myself and my team is our ETHOS. We believe that the advent of non-national digital money opens up an entire universe of possibility, as value is multiplied in the newly emerging information age economy we must ask ourselves where that value should go.”
The total supply of ANATHA on Mainnet is fixed and is set to 7.7 billion. while the total amount of wANATHA for liquidity event as ERC-20 is set at 300 million. The inflation rate is 1% per annum and the new tokens will be minted daily at a rate of 0.0028% of the total supply. These tokens will be not be sold. Instead, it will be distributed such as
- 50% is allocated to the Network Validator Reward Pool [NVRP]
- 25% will be handed out to DeHRA Holders [$ANATHA Token holders who have registered their “screenname” on the network, such as “@human” “@samatha”]
- 12.5% will be allocated to the Developer Fund
- 12.5% will be distributed to the Security Token Holders
In related news, the platform’s Wrapped Anatha [wANATHA] ERC 20 contract for their Community Liquidity Event was audited by cybersecurity firm Halborn.