Within the cryptocurrency industry, the community plays a pivotal role in influencing the fate of projects based on their engagement levels. Central to this dynamic is the concept of decentralized autonomous organizations (DAOs), which have gained prominence as fundamental elements of crypto projects. Aragon acknowledges the significance of community empowerment, offering intuitive tools for creating DAOs efficiently. Its streamlined approach is a crucial building block for projects, simplifying a once intricate and time-intensive procedure.
What is Aragon
Aragon offers versatile and secure tools that empower the creation and management of decentralized autonomous organizations (DAOs) on the blockchain. By harnessing the potential of blockchain technology, Aragon delivers benefits such as decentralization, trustlessness, transparency, and permissionlessness. Aragon's network and tools create a collaborative environment for developing and improving DAOs, with user-friendly interfaces encouraging accessibility and adoption.
The Aragon team
Aragon was founded by Luis Ivan Cuende and Jorge Izquierdo. The pair also established the Aragon Association and Aragon One, an entity dedicated to developing services for the Aragon Network. The project was initiated in 2016, followed by a token sale in 2017. It was then officially launched on the Ethereum network in 2018.
How does Aragon work
Aragon's infrastructure empowers users to generate new DAOs using smart contracts. These contracts encapsulate critical organizational details, including stakeholder information, associated rights, and privileges. Developers are spared from intricate code setups; instead, they can effortlessly create and distribute tokens, authorize wallets for voting, and configure governance parameters. This streamlined approach ensures simplicity and accessibility for both technical and non-technical users.
Aragon’s native token: ANT token
At the heart of Aragon's ecosystem is the ANT token, launched on November 30, 2017. It has no maximum supply and the total supply of ANT tokens stands at 43.16 million.
ANT use cases
The ANT token serves multiple purposes within the Aragon ecosystem. Not only does it fuel the platform's smart contracts and token minting, but it also operates as a governance tool. Holders can vote on critical platform matters, reflecting a truly decentralized decision-making process.
ANT distribution
The distribution of ANT tokens is structured as follows:
- 70 percent sold through a public sale
- 15 percent allocated to Aragon's founders and contributors
- 15 percent designated for the Aragon Foundation
