Blockchain technology has started a revolution in which decentralized autonomous organizations (DAOs) have the power to grow without one centralized controlling entity. Aragon is looking to empower people around the world to build DAOs on there own, with features such as governance structures, fundraising, accounting, human resource management, and more. Doing so on the Ethereum blockchain, which is permissionless and unable to be censored, removes any fears of government intervention or third-party attacks.
The further reaching goal of Aragon is to become a decentralized platform on which token holders can trade DAO tokens, creating a market for entrepreneurs, investors, employees, and consumers to come together. The ANT token is utilized as a way to settle disputes for DAOs operating on the Aragon platform and to power the platform’s functionality.
- To date, over 2,000 companies have tested the Aragon network;
- The Aragon ICO raised $25 million in 26 minutes during its ICO on May 17, 2017;
- Aragon was founded by Luis Cuende, who is listed on the Forbes 30 Under 30 list;
- The price of ANT rose 115% from $1.69 to $3.64 during the period May 18, 2017 to December 31, 2017.