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Aragon

Aragon: everything you need to know about ANT

Axel van den Boogaard

Axel has been immersing himself in the world of crypto and blockchain for quite some time, which he then translates into understandable articles.

Aragon facts

Abbreviation

ANT

Category

Smart contracts

Founder(s)

Luis Cuende, Jorge Izquierdo

Blockchain

Ethereum

Protocol

Proof of Stake

Launch date

May 2017

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What is Aragon?

Aragon (ANT) is a promising player in the world of decentralizing organizations. Aragon was developed to simplify and automate the creation and management of Decentralized Autonomous Organizations (DAOs). A DAO primarily consists of software running on a blockchain, providing users with a built-in model for the collective management of its code. 

The Aragon platform is built on the Ethereum blockchain and utilizes smart contracts to streamline and enhance processes. ANT, the native token of the Aragon network, is used for governance and to incentivize participation in the network. Aragon's goal is to provide a decentralized and fairer alternative to the traditional structure of digital organizations. 

How does Aragon work?

Aragon is designed to manage DAOs in a more democratic and transparent manner. This is achieved by fully decentralizing the platform and using smart contracts. The user-friendly interface makes it easy to create and manage a DAO. Additionally, Aragon offers a high degree of flexibility, allowing users to customize and tailor organizations to their specific needs. 

ANT, the cryptocurrency of Aragon, is used for governance matters and decision-making within the network. This allows users to influence the direction and policies of the DAO. 

The platform is also designed to integrate with other blockchain applications and platforms, providing users with the ability to expand its functionalities. 

The ANT token

The ANT token is used for governance and decision-making within the Aragon network. This empowers ANT holders to influence the direction and policies of the organization. 

In Aragon's token economy, there are two primary roles: users and shareholders. Users can use ANT tokens to make decisions about the direction and policies of the DAO, while shareholders hold ANT tokens as an investment in the platform's future development. 

Furthermore, there is a mechanism for token holders to stake ANT tokens in the Aragon Court, a decentralized dispute resolution system. This system is used to make decisions on disputes within the Aragon network. Token holders who stake ANT tokens via crypto staking gain voting rights. 

The Technology Behind ANT

Aragon is built on the Ethereum blockchain and uses smart contracts. Aragon's technology is designed to provide users with an accessible platform for setting up and managing decentralized organizations. 

Aragon employs a modular approach, allowing users to add and customize different modules to meet their specific needs. This makes the platform flexible and adaptable. 

The platform also has its own decentralized system called Aragon Court, powered by staking ANT tokens. Here, users can participate in resolving disputes within the network and have a say in the outcome. 

The Aragon ecosystem

The Aragon ecosystem is a network of organizations and applications built on the Aragon platform. The goal of the ecosystem is to provide users with the ability to manage DAOs in a decentralized and transparent manner. 

The ecosystem includes: 

  • Aragon Core: The foundational platform for creating and managing DAOs, offering a simple interface and smart contracts to facilitate decision-making and organization management. 
  • Aragon Court: A decentralized system for dispute resolution, powered by ANT tokens. 
  • Aragon Apps: Various applications for the Aragon platform to expand its functionalities, including financial applications and HR tools. 
  • Aragon Network: A decentralized organization responsible for developing and managing the Aragon ecosystem. 
  • ANT Token: The native token of Aragon, used for governance and decision-making within the network. Users can earn ANT tokens by contributing to dispute resolution within the Aragon Court. 

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Benefits of Aragon

Aragon is a revolutionary blockchain platform with its own set of advantages. Why do investors choose ANT? 

  • Lower Costs: Aragon eliminates costly intermediaries and enables direct user interactions, reducing costs and complexities. 
  • Increased Efficiency: Aragon streamlines the creation and management of DAOs, resulting in improved efficiency and productivity. 
  • Transparency: All transactions on the Aragon platform are open and transparent, providing users with a high level of visibility. 

Drawbacks of Aragon

Like any technology, Aragon also has its disadvantages. Here are some drawbacks of ANT to consider: 

  • Scalability: Aragon (ANT) is built on Ethereum, which has limited scalability (although Ethereum is actively working on addressing this). This can make it challenging to process large amounts of data or transactions. 
  • High Transaction Costs: Transaction costs on Aragon can become significant, especially during periods of high network traffic. 
  • Lack of Privacy: Aragon (ANT) offers users limited privacy features, which may be a concern for those who value their privacy. 
  • Complexity: Aragon is a complex system and can be challenging to understand and use. 

Who is the founder of Aragon?

The founders of Aragon (ANT) are Luis Cuende and Jorge Izquierdo. Both are well-known figures in the blockchain industry as the creators of Aragon. Luis Cuende is an award-winning technology entrepreneur who started developing software at a young age. Jorge Izquierdo is an experienced developer and architect focused on blockchain solutions. Together, they founded Aragon with the aim of creating a simpler and more accessible platform for the creation and management of DAOs. Aragon is known for its user-friendliness, flexibility, and transparency and is considered one of the most promising blockchain projects currently. 

Price forecasts

In 2026 experts expect a minimal price of €28.07 and a minimal price of €92.80 in 2031.

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