Aragon

What is Aragon (ANT)?

An open-source software, Aragon, is utilized specifically for the creation and maintenance of DAOs, aka decentralized autonomous organizations, particularly those looking to base their operations on Ethereum’s blockchain.

Origins and Mission

The Aragon Network saw its release way back in 2016, with Jorge Izquierdo and Luis Cuende as its founders. This duo also founded both the Aragon One and the Aragon Association. The former is responsible for the development of services for Aragon while simultaneously representing the firm behind the project.

The team behind it organized their first token sale, and then, in 2017, sold numerous ANT tokens, raising exactly 275,000 ETH, equal to approximately $25 million at that time. Following that, the project saw its official launch in 2018 on Ethereum.

The mission behind the project’s formation has always been to offer some of the most secure and flexible tools for managing and building decentralized organizations, enabling anyone willing to experiment with various governance models.

Core Components and Functionality

The Aragon network software has three core components to offer: the Aragon Client, the Aragon Network, and the Aragon Association.

The Aragon Client is a toolkit that developers may use to generate customizable online organizations aiming for better group participation, especially in terms of transparency.

The Aragon Network is an organization dedicated to supporting the various interactions that take place within its community of DAOs.

As for the association, it’s a non-profit entity that allocates or manages the funds that are raised from the token sale.

The Technology Powering Aragon

Within this section, we will discuss some of the technological underpinnings powering this entire network of DAOs that we know as Aragon.

Ethereum-based Blockchain Technology

Since Aragon is based on Ethereum, this implies that its native token is an ERC-20 token, and it thus is inclusive of any technological elements associated with such tokens. Moreover, it is likely to benefit even more from the other projects based on Ethereum, such as Polygon, for instance.

Smart Contract Capabilities

Aragon offers Web3 users a set of tools, known as a software stack, that may be used to create a platform or solution.

The base layer is known as Aragon OSx and is comprised of two kinds of smart contracts. These are core contracts and framework contracts, each of which caters to distinct functionalities and capabilities.

Aragon Network Token (ANT)

Here, we will look at its native token, ANT, going over some of the various roles it plays within its ecosystem, along with its tokenomics.

Role and Utility of ANT

Through ANT, users may have a say in the ecosystem’s future, in that it plays an integral role in the governance of the protocol, where they can vote on proposals that leave ripple-like effects throughout the network. Moreover, these tokens can even be utilized to obtain ANJ tokens, which are needed for users to take part in the resolution services that the Aragon Court provides.

Tokenomics of ANT

As far as tokenomics are concerned, its price is valued at approximately $5, with a market capitalization of over $207 million, a fully diluted valuation of more than $224 million, and a daily trading volume of around $8 million. As for supply, the maximum supply sits at slightly over 45 million tokens, and the total supply at over 43 million tokens, with the circulating supply at over 40 million tokens.

Acquiring and Storing ANT

If you’re interested in buying its native token, ANT, then you may do that on Huobi, which we will discuss below, along with the best options to safely store the token.

Ways to Purchase ANT Tokens on Huobi (HTX)

There can be various ways to buy the ANT token on Huobi, but there will likely be a couple of steps that you will have to go through to eventually buy the token on the exchange. These will include registering for an account on it, going through KYC, making a deposit, selecting an option, like spot, futures, or swapping, with which to buy the tokens, and then finally withdrawing them. However, once you have withdrawn them, you can move on to storing them in a safe wallet.

To set up an account on Huobi, click the link below, which will take you to the registration page using a special Coin-Labs referral code.

Storing ANT: Best Practices

Considering the risky nature of the landscape in general, it is of utmost importance that one utilizes secure options for storing their tokens. Currently, cold wallets seem to be the best option, as they store your keys offline and you are responsible for their management.

Aragon’s Decentralized Autonomous Organizations (DAOs)

Within this section, we will be delving more into the DAOs themselves, going over their very concept and how they function within Aragon’s ecosystem.

The Concept of DAOs in Aragon

Aragon considers itself to be a sort of mother of every DAO, similar to what Bitcoin can be to cryptocurrency.

While it is a DAO in and of itself, with the community running it, it offers comprehensive support and templates that entrepreneurs may use to produce their own DAO projects. For instance, Decentraland’s and Aave’s DAOs have been built on Aragon.

How DAOs Operate Within the Aragon Platform

DAOs within Aragon operate just like any other standard DAO within the cryptocurrency space would, and Aragon provides all the functionalities required to create and maintain DAOs, which include incentive models for contributors, joining the community, and raising funds.

Creating and Managing a DAO on Aragon

Creating your own DAO on the Aragon network can be a straightforward procedure, although it takes several steps. Just head over to its website and select the Create Your DAO option. Following that, simply follow the steps that Aragon will outline, which there will be a couple of, to get done with setting up your DAO.

Decentralization and Governance in Aragon

Here, we will be looking at the role that decentralization plays within the governance of Aragon.

The Importance of Decentralized Governance

The whole point of a DAO is to function in a manner independent of intermediaries or centralized command, which prevents an undue level of control over the users, allowing for decision-making and management to be decentralized.

Aragon’s Mechanisms for Enabling Decentralized Decision-Making

Aragon simply provides the tools with which to create DAOs, the governance of which is left to the projects themselves.

So, the level of decentralization within the DAOs built through it may differ depending on the projects. As for Aragon’s decentralization, that may be in question in light of a recent event, which we will discuss later on.

Aragon Court: Dispute Resolution on the Blockchain

Let’s now delve into the Aragon Court for a bit and see what role it plays within the overall ecosystem.

The Role of Aragon Court

The Aragon Court happens to be a service where users may settle their disputes within the organizations that Aragon hosts that may not be solvable through your standard smart contracts. Through such software, other users referred to as jurors, are responsible for reviewing arguments regarding certain disputes and casting votes that convey their stances on such matters.

Participating in Aragon Court

The Court has its own native token, called ANJ.

This is essentially what’s needed to activate jurors or to take part in the Aragon Court in general.

Investing in Aragon (ANT)

Here, we will be looking at things more from an investment angle, namely how ANT performs as an investment.

Analyzing ANT as a Crypto Asset

ANT is a utility token in that it plays an important role in the powering of Aragon or its functionality. However, it isn’t a stablecoin, and therefore, like other similar tokens, it may hold some potential as a vehicle for investment, which we will discuss below.

Market Trends and Considerations for Investors

Although the token is down significantly from its all-time high of approximately $14, it should be noted that overall, the token appears to be gaining some momentum lately, and it may even be headed toward a full recovery.

Understanding Risks Associated with ANT

While the token has appeared to gain some momentum lately, it should be mentioned that, concerning how volatile the landscape can be, it can all be lost within a few moments or less. So, exercising caution and carefulness while treading in this space cannot be overstated.

The Aragon Community and Ecosystem

Although, on the surface, the ecosystem underlying this project is solid in what it sets out to do, the question of community comes into play, and it appears that it still has a long way to go before garnering a strong and larger community, especially considering the low network participation rates among ANT holders.

Security and Trust in Aragon

In terms of security, Aragon has gone through rigorous audits that Halborn, an auditing firm, conducted. However, as far as trust is concerned, there was an incident this year where some investors had acquired enough ANT to exert their influence, which compelled Aragon to remove any plans it had for handing over control of its treasury to the community.

Although it did launch a newer version later on, i.e., Aragon OSx, the incident still sparked discussions concerning how decentralized the governance really can be here.

Future Enhancements and Features in Aragon

From what we have gathered, Aragon has several upcoming developments that will be of note to its users, including features focused on the Aragon Court, delegation, staking, proposals, and even plans to launch a fundraising platform.

Conclusion

Aragon can be a particularly worthwhile project to look into within the cryptocurrency market due to how it allows anyone to create their own DAO within minutes, which reduces the need for complicated procedures with regard to DAO creation. And its native token, ANT, serves as the backbone of the network, integral to its governance, and more.

We Coin-Labs.com provides only objective information about Aragon.
Therefore, we are not responsible for the investment decision in Aragon and the resulting loss.

Aragon Basics

Here are some factors that investors should consider before investing in Aragon.

Cryptocurrency Features	Aragon (ANT)
Publisher or Developers	Jorge Izquierdo, Luis Cuende
Headquarters (Registration Number)	Germany
Symbol	ANT
Platform	Ethereum
Published Date (CMC Registration)	2024-02-23
Max Supply	No limit

Reliability Score of Aragon in 2024

These are indexes mesuring the investment reliability of Aragon conducted by Coin-Labs.com.

Investment Reliability Rating Items	Scores and Current Status
Company Activation Rate	/ 10.0 CAR
Communication Rate	/ 10.0 CR
Technology Transparency Rate	/ 10.0 TTR
Development Participation Rate	/ 10.0 DPR
Listing Status on the World's Top 10 Exchanges	Listed on 8 Exchanges
Number of Available Pairs Worldwide	170 Pairs
Market Cap of the Cryptocurrency	253,535,170 USD (Rank #176)

The table above shows the result of investment suitability evaluation for Aragon.
Check out how we evaluate cryptocurrencies on the crypto rating description page.

Aragon Price

Here are the price and recent trading volume of Aragon. (Data of 2024-02-23 14:33:00)

Price Items	Price and Trading Volume of Aragon
Aragon Price	7.477 USD
Price Change 24h	0.48%
Price Change 7d	3.51%
Trading Volume 24h	6,433,916 USD
Trading Volume Change 24h	-18.20%

Cryptocurrency Metadata

You can check the development status and social media information of Aragon through the links in the table below.

Metadata Source	URL
🌎 Official Website	https://aragon.org/
📖 White Paper	https://wiki.aragon.org/documentation/whitepaper/
🛰️ Source Code (GitHub)
🐦 Twitter	https://twitter.com/AragonProject
🤖 Reddit
🎺 Message Board	https://blog.aragon.org/

Where to Buy Aragon

Here are the top ten world crypto exchanges where traders can buy Aragon in 2024.

Top10 Exchanges	Listed Status	Page URL
Binance	Listed	https://www.binance.com/en/trade/ANT_BTC
Coinbase	Listed	https://pro.coinbase.com/trade/ANT-USD
Kraken	Listed	https://pro.kraken.com/app/trade/ant-usd
KuCoin	Not listed
Bitfinex	Not listed
OKX	Listed	https://www.okx.com/trade-spot/ant-usdt
Huobi	Listed	https://www.htx.com/en-us/trade/ant_usdt?type=spot
Bitstamp	Listed	https://www.bitstamp.net/markets/ant/usd/
Bybit	Listed	https://www.bybit.com/trade/usdt/ANTUSDT
Gate.io	Listed	https://www.gate.io/trade/ANT_USDT

Frequently Asked Questions