Decentralized autonomous organizations (DAOs) have long been an important element in blockchain and DeFi projects. From here, many platforms have been born to support users or projects to create DAOs easily, notably Aragon.
Let’s learn about the Aragon project with AZCoin through the article below!
What is Aragon?
Aragon is a platform that allows users or projects to easily create and manage their own DAOs from pre-programmed toolkits.
DAOs built on Aragon are highly scalable and customizable. As of writing, there are over 5,000 DAOs built in Aragon and their services are currently being used by prominent names in the crypto market such as Aave, Lido, Decentraland,…
Outstanding features of Aragon
Security and transparency
Aragon provides security tools and ensures the safety of DAO operations. In addition, Aragon provides tools to monitor and track DAO operations to ensure transparency in the decisions and operations of that DAO.
Easy to use
Aragon has a friendly and easy-to-use interface that allows users to create and manage DAOs simply.
Highly customizable
Aragon provides tools for users to easily customize their DAO features using smart contracts on the platform.
Aragon products
Aragon App
Aragon App is an application designed to create KNIFEnew generation with toolkits such as smart contracts, SDK (Software Development Kit) and Design System (Interface and data design system). Users or projects can create DAOs through the Aragon App at this.
Aragon Client
Aragon Client is a tool that helps users or projects create customizable DAO features such as fundraising, contributions, or proposal/change voting, etc. Aragon Client is designed to provide a transparent, easy-to-navigate smart contract framework that does not require users to have prior knowledge of blockchain technology to create a DAO.
AragonOS
AragonOS is a smart contract framework for users or projects to create DAOs. Modules available through AragonOS allow DAO creators to fundraise, incentivize contributors to join the community, and make decisions with the DAO.
Aragon Voice
Aragon Voice is a DAO voting solution that does not require administrators to pay gas fees. This product was introduced by the project with the purpose of creating, managing, and proposing DAOs. In addition, Aragon Voice also helps users save costs and ensure security.
Aragon Network
Aragon Network is a synthetic DAO network that enables DAOs built on Aragon to interact with each other.
Aragon Court
Aragon Court is a service that allows users to resolve disputes in DAOs created on Aragon that cannot be resolved by smart contracts. With this service, users (called jurors) are tasked with reviewing arguments for specific disputes and voting based on their stance on the issues that arise.
To become a jury, Aragon users need to exchange ANT tokens for ANJ tokens, which they must stake or lock in smart contracts on the platform. The more ANJ tokens a user stakes, the more likely they are to be selected as a jury. Once a dispute is resolved, the jury receives a reward in ANT tokens.
Basic information about ANT token
- Token Name: Aragon Network Token (ANT)
- Blockchain: Ethereum
- Token Standard: ERC-20
- Token Utility: Utilities, Administration
- Smart Contract Address: 0xa117000000f279d81a1d3cc75430faa017fa5a2e
- Maximum Supply: 45,094,973 ANT
- Current Circulation: 40,029,852 ANT
What is ANT token used for?
ANT is utilized in the following scenarios:
- Holders of ANT can lock their tokens for managing the Aragon DAO.
- It can be used as collateral to mint ANJ.
- It plays a significant role in the advancement of the protocol.
Where can investors trade ANT tokens?
Currently, investors can trade ANT tokens at:
- CEX Floor: Binance, Kraken, Coinbase,…
- DEX: Uniswap v2, Balancer.
Popular trading pairs are ANT/USDT, ANT/USDC, ANT/WETH.
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ANT token storage wallet
ANT is a token of ERC-20 standard, so investors can store it in wallets such as Metamask, Trust Wallet, Coin98 Wallet,… For convenience in trading, investors can also store ANT in the wallets of exchanges that list this token.
Aragon Development Team
Aragon’s development team is made up of people with many years of experience in the blockchain field, including:
- Luis Cuende: He is currently a Co-Founder and used to be CEO at Aragon. However, he has since given up the CEO position to Jorge Izquierdo and is now the person behind the project as a Core Contributor.
- Jorge Izquierdo: He is currently Co-Founder and CEO of Aragon. He was CTO of Aragon and Unpatent.
- Brett Sun: He is currently serving as CTO at Aragon. He was a founding member and developer at BigchainDB (now Ocean Protocol).
Investors
Aragon is backed by investment funds such as CoinFund, ZBS Capital, Boost VC and many other individual investors such as Tim Drapper, Jame Sowers,…
Partner
Some of Aragon’s main partners are blockchain and DeFi platforms such as Polygon, Aave, Curve, Decentraland, etc. Besides, there are leading crypto market enterprises such as Boost VC, CoinFund and COO (Dai Foundation).
Summary
With the adoption of blockchain at the enterprise level, protocols like Aragon play a key role in simplifying the process of setting up DAOs. Furthermore, Aragon is built on Ethereum, making DAOs highly secure and very difficult to attack.
Through this article, you have probably grasped some basic information about the Aragon project to make your own investment decisions. According to the indemnity section, AZCoin holds no responsibility for any financial decisions you make. We wish you all the best and hope you benefit from this profitable market.
I am Tony Vu, living in California, USA. I am currently the co-founder of AZCoin company, with many years of experience in the cryptocurrency market, I hope to bring you useful information and knowledge about virtual currency investment.
Email: [email protected]
