Aragon (ANT) - a governance token for a decentralized platform, built on the Ethereum network, that offers a modular way to build and manage dApps, crypto protocols and decentralized autonomous organizations (DAOs).
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Description of Aragon (ANT)
Aragon is described as a technology stack for decentralized autonomous organizations or DAOs. Some of the more prominent DeFi projects, using Aragon technology, are AAVE, Curve and mStable. The protocol also provides the basis for a virtual trial, where participants must wager a certain amount of cryptocurrencies and submit to the decision of a decentralized jury.
To do this, a special Aragon Court token (ANJ) has been implemented in the Aragon ecosystem. The Court of Aragon considers subjective disputes that require the decision of real jurors - living people. To become a juror, it is enough to buy ANJ and stake them on the platform, which will allow you to participate in hearings and receive fees for the successful resolution of disputes.
Project uniqueness
The positive aspects for investing in the Aragon system include the development team itself. Firstly, their base is Luis Cuende and Jorge Izquierdo, not the last people in the world of information technology. I must say that both of them have already established themselves in the IT field and have tremendous experience in this field. In addition, the leader himself, co-founder of the project, Luis Cuende, is a hacker and a supporter of the movement for cultural freedom.
Platform advantages:
| Safety |
High level of security. Since all data in such organizations has a proven, reliable protection system, it is not possible to partially change or even hack this information. |
| Code |
The source code is available to everyone. Thanks to this, each of you has the opportunity to independently control and monitor each stage of the project development separately and the entire process as a whole. |
| Fee |
Commissions are very low, meaning that the amounts that users pay for conducting operations on the Aragon platform are extremely minimal. |
| Anonymity |
Due to the principles that underlie the resource, the identity of the user cannot be identified. |
| All emissions are limited |
The Aragon system differs from real money, the release of which is not limited, in that it has its own specific limits. Thanks to this, this coin has the opportunity not only to avoid inflation, but also to attract new investors. |
Any user can easily understand many, at first glance, complex and confusing functions without much effort, one of which is the creation of smart contracts. The platform also has its own mechanism for resolving litigation, disagreements and inconsistencies between the two parties.
Platform cryptocurrency
Aragon is reportedly exploring the possibility of launching the aragonOS platform to create smart contracts on the Polkadot protocol. If anything, the StakeFish validator group is already boldly listing the AragonOS project as part of the Polkadot ecosystem. The crowdsale of ANT coins was launched on May 17, despite the fact that the entire campaign as a whole was given approximately 30 days, all tokens, available for sale, were sold in the first quarter of an hour. In total, 275,000 ETH were bought, which is approximately $25 million. Such a hype gives the concept of a high level of trust in this platform. The best cryptocurrency exchanges to trade Aragon shares are:
- Binance;
- OKX;
- CoinTiger;
- Mandala Exchange;
- Bybit.
ANT coins provide all possibilities for an interaction. Namely, they make it possible to participate in decision-making regarding various services, accounting for investments, use of capital and much more. It must also be said that Aragon uses the Continuous Token Model, according to which coins are issued as needed. A limited number of ANTs will only be up to a certain point, namely, while the creators of the platform are developing the Aragon Network. In the future, the release of tokens will depend only on monetary policy and inflation.
