What is Aragon?
The Aragon token or ANT is the utility token powering the Aragon project. The latter is a blockchain solution for developing and launching decentralized applications (dApps).
ANT is based on an ERC-20 token standard. This means that it can be stored on the majority of digital wallets that support tokens built on the ERC-20 standard.
The Aragon token mainly serves as a governance token. This means that ANT holders receive voting rights and, in turn, the power to determine the future of the Aragon crypto project.
Its token sale was hosted in mid-2017 during which Aragon managed to raise around 25,000,000 US Dollars in less than half an hour.
Anyone can acquire Aragon tokens via major supported exchanges. You can check our recommended exchanges in the section above.
There is no publicly available information regarding the max cap of Aragon tokens. ANT tokens have been allocated as follows:
- 70% - Private Sale and Public Sale;
- 15% - Aragon Foundation;
- 15% - Founding Team and Early Contributors.
Since ANT is a cryptocurrency, it can be high in volatility. In order to make an informed purchase decision, make sure to check out the Aragon price history or the current ANT price on the graph above.
What are the Main Features of Aragon?
As discussed in the What is Aragon section, Aragon is a dApp development platform deployed on the Ethereum blockchain. Its primary function is to facilitate the creation of Ethereum-powered decentralized autonomous organizations also known as DAOs.
In addition to helping users in launching a custom DAO, Aragon provides all of the tools needed to manage it. Some of its core features include an identity management system, access control, crowdfunding, shareholder voting integration, and many others.
To put it simply, Aragon has all of the crucial elements (governance, identity, and accounting) that go into any type of company.
Aragon is an open-source project. This means that its codebase is publicly available for anyone to review.
An in-house blockchain is currently in development by the Aragon team. The key role of this blockchain is to introduce a digital jurisdiction which is one of the primary goals of the project.
This digital jurisdiction could be considered the first-ever digital court of law.
Who Developed Aragon?
The idea behind the Aragon crypto project was born in late 2016 and it was officially launched in early 2017 by Aragon Foundation - a non-profit organization. The latter is a Switzerland-based blockchain platform co-founded by Jorge Izquierdo and Luis Cuende.
Jorge Izquierdo is a software developer who has been in the industry since his late teens. When he was only 15 years old, Izquierdo earned Apple’s WWDC scholarship as well as the Thiel Fellowship stipend. At Aragon, Jorge Izquierdo serves as a member of the Board of Directors. He’s also a CEO at Aragon One.
Luis Cuende is leading the Aragon project. He’s a software developer who was featured in Forbes 30 Under 30 Europe list. Cuende is also part of the Advisory Board at a Madrid-based blockchain company.
Aragon has also managed to bring together a solid advisory board that includes experts from some of the major players in the crypto industry like Brayton Williams from Boost VC and Jake Brukham from CoinFund.
Tim Draper is one of the core investors of the Aragon project. He has bought around 2.5% of the entire Aragon token supply.
In the future, Aragon Foundation hopes to step away from the project as Aragon aims to transform into a 100% community-driven DAO.
Interested? Don't forget to have a look at the Aragon price on the graph above.
