Aragon (ANT)

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What is Aragon (ANT)?

Aragon —— A Toolbox for Building Decentralized Organizations on Ethereum

Website Explorer Technical Documentation

The Aragon Network is a decentralized autonomous organization (DAO) whose goal is to act as a “digital jurisdiction” that aims to make it possible for organizations, entrepreneurs, and investors to do business without a legal nexus on Ethereum.
ANT is the native token of the Aragon Network. The primary use of ANT is as a mechanism for governance. ANT is also used to back such as ANJ and ARA for dedicated network services.
The Aragon network software has three main offerings:

Aragon client– a toolkit for developers to create customizable online organizations that aim for more transparent group participation.
Aragon network– an organization that supports the interactions between the platform’s community of DAOs.
Aragon Association– a non-profit that manages and allocates the funds raised from Aragon’s token sale.

Aragon Key Metrics

Recent Price	$9.33
Market Cap	$387,293,097.34
Circulating Supply	39.609.523 ANT
Total Supply	39.609.523 ANT

About Aragon

The Aragon network was created in 2016 by Luis Ivan Cuende and Jorge Izquierdo, who also launched the Aragon Association and Aragon One, a company building services for Aragon. It allows users to manage organizations using blockchain technology, with the goal of creating more efficient infrastructures.

Aragon is a DAO on the Ethereum blockchain that allows anyone to create and manage any organization (companies, open-source projects, NGOs, foundations, hedge funds...). It is a digital management organization controlled by tokens, focusing on creating the best conditions for economic growth aiming to act as a “digital jurisdiction” that aims to make it possible for organizations, entrepreneurs, and investors to do business without a legal nexus.

The on-chain organization of the Aragon Network will be built using Aragon Core, which is composed of a Solidity language decentralized autonomous organization (DAO) and a web-side decentralized application (dApp). At the beginning, Aragon Core will focus on capitalized corporate organizations, but its modular function is also sufficient to adapt to other types of organizations.

The Aragon network software has three main offerings:

Aragon client– a toolkit for developers to create customizable online organizations that aim for more transparent group participation.
Aragon network – an organization that supports the interactions between the platform’s community of DAOs.
Aragon Association– a non-profit that manages and allocates the funds raised from Aragon’s token sale.

ANT is the native token of the Aragon Network. The primary use of ANT is as a mechanism for governance. ANT is used to to influence voting power for legislation upgrades, smart contract upgrades or to change smart contract parameters relevant to governance of the Aragon Network. ANT can also be used to acquire secondary assets relevant to the Aragon Network such as ANJ, used for Aragon Court and ARA, used for Aragon Chain. Should a user wish to acquire ANJ or ARA, they would deposit their ANT into the relevant bonding curve.

Aragon Technology Overview

Aragon is based on Ethereum, which is a global public blockchain platform that never goes down. Secondly, it is built through Aragon Core, which is composed of DAO and DApp in the Solidity language. Aragon currently implements the basic functions of the shareholder roster, token transfer, voting, job appointment, financing, accounting, and other organizational structures. The behavior of organizations on the Aragon chain can be customized by modifying the rules. Finally, the Aragon organization can be extended by connecting third-party modules of smart contracts.

Aragon has an Aragon governance proposal (AGP). Each AGP describes in detail the changes required to manage, allocate, and use its network shared resources. All AGPs must be consistent with the goals and values of the community. The purpose of AGP is to provide a structured decision-making process for changes in Aragon network shared resources. For the adjustment of shared resources, DAO participants need to jointly decide to approve/reject access or approve/reject relevant proposals.

ANT represents the size of the token share of the user in the DAO where it is located. The members of the DAO can initiate proposals on the rules and governance of the organization, and then other members will vote according to the size of the token shares they hold to decide whether to accept the proposal. The sponsor of the proposal also needs to deposit a certain amount of ANT as collateral to encourage the proponent to initiate a beneficial proposal.