About Aragon (ANT)
Aragon is an open-source, decentralized software running on the Ethereum blockchain network. The Aragon project was established with a fundamental utility to provide developers with a network to develop decentralized autonomous organizations (DAOs). Since Aragon chose the smart contract-enabled Ethereum blockchain to build its decentralized protocol atop, DAOs established through the Aragon platform are integrated seamlessly with other assets and applications on Ethereum.
Developers can use AragonOS to build decentralized applications (dApps) with smart protocols and built-in features tailored for DAOs. Developers are allowed to create applications for profit using the protocol, although it is essentially designed for non-profit purposes.
The team envisions Aragon as an interconnected ecosystem with three distinct entities that combine to power business and operations associated with the platform. The Aragon Association is established as a non-profit organization that manages the Aragon network. The Aragon Association specifically allocates and maintains funds generated by token sales. The second entity, Aragon Client, is a toolkit for developers building DAOs on the network. At the same time, Aragon Network supports and enables communication between users and services within the blockchain-based platform.
The Aragon platform was founded in 2016 by internet entrepreneurs Luis Cuende and Jorge Izquierdo. The platform's development was said to be inspired by what the network refers to as a failure of democracy. According to published records, the Aragon cryptocurrency token sale went live in 2017, and the network successfully raised over $25 million. The project was launched in 2018.
The Aragon network cryptocurrency was deployed on the Ethereum blockchain and is, therefore, interchangeable with other ERC20-compatible tokens. ANT itself utilizes a Proof-of-Stake consensus mechanism.
Aragon is known by its token ticker $ANT. The live price of Aragon (ANT) is updated and available in real-time on Binance.