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Aragon

ANT

Trade Aragon on DEX

Aragon can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.

About Aragon

Aragon builds flexible and secure tools that enable anyone to launch and manage Decentralized Autonomous Organizations (DAOs). In 2016, Aragon built the first DAO framework, which has since powered the creation of over 5000 DAOs and secured over 12B in value for leading projects like Lido, Decentraland, API3, Aavegotchi and NFTX. Aragon recently deployed the new modular Aragon OSx protocol and no-code Aragon App on Ethereum and Polygon. Driven by the mission to enable everyone to experiment with governance at the speed of software, Aragon aims to build a hyperstructure for governance.

Aragon is a distinctive project in the cryptocurrency realm that concentrates on offering the tools and framework for creating Decentralized Autonomous Organizations (DAOs). It is motivated by the mission to empower everyone to experiment with governance at the speed of software. Aragon's platform is designed with flexibility in mind, enabling anyone to launch and manage DAOs. The Aragon Project is governed by the holders of the Aragon Network Token (ANT) within the Aragon DAO. The project has recently deployed the new modular Aragon OSx protocol and no-code Aragon App on Ethereum and Polygon, further enhancing its capabilities.

Aragon operates by providing a platform where users can create and manage DAOs without the need for extensive coding knowledge. It achieves this through the Aragon App, a no-code platform, and the Aragon OSx, a smart contract framework. These tools allow users to set up DAOs, distribute tokens, authorize wallets for voting, and set governance parameters. Aragon's system is designed with adaptability in mind, allowing for the creation of custom DAOs with plugins that extend the governance logic. This adaptability enables Aragon to cater to a wide range of use cases and organizational structures.

Aragon's primary use case is the creation and management of DAOs. These are organizations that operate on blockchain technology, allowing for decentralized decision-making and operations. Aragon's tools can be used to set up these organizations, distribute tokens to members, and establish governance structures. Additionally, Aragon's modular protocol and smart contract framework aim to be used by developers to build custom DAOs, extending the potential use cases of the platform. This could include anything from decentralized finance (DeFi) projects to community governance systems.

Aragon was founded in 2016 by Luis Cuende and Jorge Izquierdo with the aim of addressing societal crises and failures of democracy through technological innovation. In 2017, the Aragon Network Token (ANT) sale raised 275,000 ETH in just 26 minutes, marking it as the 4th largest crowdfunding event in history at the time. The project has since launched the Aragon OSx and Aragon App, and has helped thousands of DAOs secure and govern over $6B in value. Aragon continues to evolve and adapt, with the intention to provide the tools necessary for the digital organizations of the future.

Aragon provides tools that could be used in the creation and management of Decentralized Autonomous Organizations (DAOs), which are organizations run by smart contracts on a public blockchain. Aragon's platform provides features that could be used for governance, payroll, and accounting, among others. It provides a digital judicial court system to resolve disputes between DAOs. Aragon's native token, ANT, provides governance mechanisms and operates on a variation of the Work Token Model, where users must stake ANT to provide services and have claims to non-financial benefits. This model is designed with the intention of facilitating a decentralized and democratic decision-making process within organizations. Aragon aims to build open-source technology that enables the creation and management of decentralized organizations, experimenting with new governance models that align with their values.

Aragon's Decentralized Autonomous Organization (DAO) framework is designed with the intention of facilitating the creation and management of decentralized organizations. This framework is a piece of software on the blockchain that manages permissions to other contracts and actors. The framework operates under a self-governing principle, where management is undertaken directly by its members, as individuals or holders of assets, on the actions the organization takes. These actions occur on-chain, meaning they are executed and recorded on the blockchain. Some actions include managing funds, holding votes, or changing the DAO's governance parameters itself. Aragon's DAO framework is built on the Ethereum blockchain, which is decentralized and maintained by a network of computers spread across the world. The framework operates autonomously, with management of permissions and automatic execution of actions being key features. The operation of the organization relies on the smart contracts that form its core, as opposed to human actors. The organization part of the DAO refers to actors coordinating to reach shared objectives. These actors can be humans or, potentially, intelligent non-human actors such as AI.

Aragon provides a suite of tools and services that aim to make the process of setting up a DAO straightforward and accessible. Aragon's core features include customizable governance, token management, finance, and app integration. Users can define membership, set governance parameters, create proposals, cast votes, manage the DAO's treasury, and onboard new members. Aragon's smart contract framework, Aragon OSx, is designed with the intention of facilitating the building of custom DAOs. The platform also provides a no-code solution, the Aragon App, which is intended for launching and managing DAOs. Aragon's DAO framework, aragonOS, is designed to manage permissions and aims to automatically execute specific actions when certain parameters are met. This aims to reduce the need for human intervention in the decision-making process, potentially enhancing the efficiency and transparency of DAO operations.

The Aragon Network Token (ANT) is the native digital asset of the Aragon network. This network, which is built on the Ethereum blockchain, aims to provide a structure for the creation and management of decentralized autonomous organizations (DAOs). ANT's primary function within the Aragon Network is for governance. Those who hold ANT have the opportunity to participate in Aragon Governance by voting on proposals, which could influence the organization's direction and policies. While ANT was once used for staking in Aragon Court, a decentralized arbitration protocol within the Aragon Network, this function is no longer active. The issuance policy and inflation rate of ANT are determined by the decisions made by ANT holders through the governance process within the Aragon Network.

Aragon DAOs (Decentralized Autonomous Organizations) are designed to oversee a wide range of decisions and processes, all facilitated by smart contracts on a public blockchain. These decisions and processes are primarily governed by the DAO's members, who can be individuals or holders of assets. Some of the key actions that an Aragon DAO can manage include overseeing asset allocation, holding votes, and altering the DAO's governance parameters. These actions occur on-chain, meaning they are executed and recorded on the blockchain. The smart contracts within the DAO framework facilitate, execute, and enforce these actions with minimal human intervention. For instance, the smart contracts can dictate the conditions for reallocating assets, such as passing a vote with a minimum quorum and level of support. If these conditions are met, the smart contract will automatically execute the asset reallocation. The actions a smart contract can take are determined upfront by the actors who deploy the DAO and are subject to modification, following the initial conditions and parameters.

Aragon aims to address scalability and user adoption concerns by focusing on product development and user experience. Aragon is working on a digital judicial court system to resolve disputes between DAOs. To enhance user adoption, Aragon is focusing on improving the user experience of its network. Aragon has released an update named "Bella", which includes an Aragon Mobile browser with notifications for AGP votes, Identity V1 offering identity features at the local level, and an App Center V1 enabling users and DAO developers to perform on-chain operations. Aragon's ANT token is utilized in governance mechanisms and operates on a variation of the Work Token Model where users may stake ANT to participate in services. Aragon's approach to scalability involves the development of a layer 2 voting aggregation protocol, support for Ethereum's Serenity upgrade, and research into Aragon Chain, an AragonOS optimized for DAO activity on the Polkadot Network.

Aragon is well-suited for organizations or projects seeking to establish community-driven projects, open-source development, or decentralized governance of communities or protocols. It may be particularly beneficial for those who want to eliminate traditional hierarchies, give direct control to shareholders, and function outside the influence of central governments. Aragon's transparency and immutability features make it a suitable choice for non-profit sectors, where managing donations and allowing donors to vote on where their contributions go aims to enhance current practices.

Aragon's dispute resolution mechanism within Decentralized Autonomous Organizations (DAOs) is known as the Aragon Network Jurisdiction. This system is designed to handle disputes that arise within DAOs, which are entities that operate without a central authority, through rules encoded in smart contracts. The Aragon Network Jurisdiction operates as a decentralized court, where disputes are arbitrated by a set of contracts. The initial terms of these contracts are determined through a participatory process involving Aragon Network token holders. When a dispute arises, an individual can open a case and provide a guarantee. The arbitration process involves randomly selecting five judges from a pool of volunteers who review the rules and materials provided by the parties involved in the case. If the applicant is unsatisfied with the ruling, they can elevate the issue to the next level by providing a larger guarantee. This process can continue up to the Supreme Court of the Aragon Network Jurisdiction, where the final judgement is intended to be made. This mechanism strives to provide a transparent, systematic, and fair way to resolve disagreements in a decentralized context.

Aragon uses the Aragon Network Token (ANT), a utility token that provides holders with voting rights within the Aragon network. Aragon's tokenomics model is structured with a focus on decentralization and democratic principles. ANT token holders can vote on various aspects, such as changes to the network's settings and dispute resolution. This approach is designed to facilitate coordination among creators, developers, and investors. Aragon indicates that creating a distinct brand identity is a part of defining your purpose, which is key to developing your community. Aragon also allows members to vote based on the number of tokens they hold or via their crypto wallets. Tokens are used to implement weighted voting, and the weight of a member's vote is proportional to the number of tokens they hold. Wallet-based voting, alternatively, assigns one vote per wallet, which is intended to limit the influence of token quantity on voting power.

Market

Market stats

Market cap

$341.8M

Volume (24h)

$4.5M

Circulating supply

43.2M ANT

Typical hold time

Not enough data

Popularity

#186

All time high

$14.79

Price change (1h)

+0.05%

Price change (24h)

-1.03%

Price change (7d)

-2.79%

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Social

Some highlights about Aragon on social media

32 unique individuals are talking about Aragon and it is ranked #752 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Aragon has an average sentiment score of 3.3 out of 5. Finally, Aragon is becoming more newsworthy, with 0 news articles published about Aragon. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Aragon. There were 51.56% of tweets with bullish sentiment compared to 6.25% of tweets with a bearish sentiment about Aragon. 42.19% of tweets were neutral about Aragon. These sentiments are based on 64 tweets.

On Reddit, Aragon was mentioned in 5 Reddit posts and there were 11 comments about Aragon. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

32 people

Volume rank

#752

Average Sentiment

3.3 out of 5

Twitter

Reddit

Comments

11

Post Score

69

Comment Score

74

Coinbase Bytes

Coinbase Bytes

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Aragon is on the decline this week.

The price of Aragon has increased by 0.05% in the last hour and decreased by 1.03% in the past 24 hours. Aragon’s price has also fallen by 2.79% in the past week. The current price is $7.87 per ANT with a 24-hour trading volume of $4.55M. Currently, Aragon is valued at 46.78% below its all time high of $14.79. This all-time high was the highest price paid for Aragon since its launch.

The current circulating supply of Aragon is 43,179,657.13 ANT which means that Aragon has as total market cap of 43,179,657.13.

FAQ

What is the current price of Aragon?

We update our Aragon to USD currency in real-time. Get the live price of Aragon on Coinbase.

What is the market cap of Aragon?

The current market cap of Aragon is $341.82M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Aragon?

The all-time high of Aragon is $14.79. This all-time high is highest price paid for Aragon since it was launched.

What is the 24 hour trading volume of Aragon?

Over the last 24 hours, the trading volume of Aragon is $4.55M.

What other assets are similar to Aragon?

Assets that have a similar market cap to Aragon include Echelon Prime, OriginTrail, NEM, and many others. To see a full list, see our comparable market cap assets.

How many Aragon are there?

The current circulating supply of Aragon is 43 million.

What is the relative popularity of Aragon?

Aragon ranks 281 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Aragon?

Currently, 71% of Coinbase users are buying Aragon. In other words, 71% of Coinbase customers have increased their net position in Aragon over the past 24 hours through trading.

Can I buy Aragon on Coinbase?

Yes, Aragon is currently available on Coinbase web3 wallet. For more detailed instructions, check out our helpful how to buy Aragon guide.

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