#Aragon Association to Dissolve, Holders need to Redeem All $ANT for $ETH

The Aragon Association has decided to dissolve itself and allow users to exchange its native token, $ANT, for $ETH. The Association will liquidate its treasury, enabling users to swap each $ANT token for 0.0025376 ETH. Users have until November 2, 2024, to complete this exchange.

Upon redemption, all #ANT tokens will be permanently removed from circulation and burned. A statement from the Aragon Association emphasized that "from this moment forward, there is no purpose in continuing to hold ANT."

Disagreements regarding the #ETH treasury and transparency prompted Aragon #DAO members to contemplate legal action against the Aragon Association. The Association had previously committed to subjecting the treasury to a voting process but failed to follow through on this promise.