# Mahalo Coin ($MHC)

## $Mahalo Coin

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**What is Mahalo Coin?**\
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Mahalo Coin is a collateralized coin. Mahalo Coin yield is derived from the underlying asset and in certain circumstances the price appreciation of the currency demands.

New Mahalo Coin is created when new underlying assets are minted. For every $1 of USD deposited, the $MHC market cap expands by 100 ($1). For every $1 of $MHC that’s redeemed, the market cap contracts by $1. The price of $MHC is always tied to the number of $MHC in circulation being equal to the market cap of $MHC.\
\
The following reward will be offered in $Mahalo Coin, and the reward calculation is based on the points at 1.0 $ = 100 Mahalo Coin.

* Affiliate Commission
* Reward from Real Estate Revenue
* Airdrop

**How does it work?**\
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Aloha DAO issues Mahalo Coin. Mahalo Coin is allocated to support our DAO community as follows.

* To provide better money&#x20;
* To support ongoing DAO community operation
* To offer a sustainable ecosystem&#x20;

What does it mean by better money?\
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1\) A store of value (Against Japanese Yen and other currencies)

2\) A stable unit of account (Soft-pegged by real business revenue)

3\) A medium of exchange (P2P Liquidity)

**What is the utility?**

We will gradually increase Mahalo Coin's utility, e.g. you can buy Asset NFTs in $Mahalo Coin. We will be planning to buy $Mahalo Coin at some point.


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