Decentralized Autonomous Organizations (DAOs) have long been a key element of blockchain and DeFi projects. From here, many platforms emerged to help users or projects easily create DAOs, with Aragon being one of the notable tools. Let’s learn about the Aragon project through the following article!
Aragon Project Overview
What is Aragon?
Aragon is a platform that allows users or projects to easily create and manage their own DAOs using a pre-programmed toolkit.
DAOs created on Aragon are highly scalable and customizable. As of now, more than 5,000 DAOs have been built on Aragon, and their services are currently used by well-known projects in the crypto market such as Aave, Lido, Decentraland, etc.
Aragon's Products
Aragon App
Aragon App is an application designed to create a new generation of DAOs through toolkits such as smart contracts, SDKs (software development kits), and design system interfaces and data designs. Users or projects can create DAOs here through Aragon App.
Aragon Client
Aragon Client is a tool that helps users or projects create customizable DAO functions such as fundraising, contributions, or voting on proposals/changes. Aragon Client aims to provide a smart contract framework that is transparent, easy to navigate, and 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. Through the modules provided by AragonOS, DAO creators can provide financial support for fundraising activities, incentivize contributors to join the community, and make decisions with the DAO.
Aragon Voice
Aragon Voice is a voting solution for DAOs that does not require administrators to pay for gas. The product was introduced by the project to create, manage, and recommend DAOs. In addition, Aragon Voice also helps users save costs and ensures safety in terms of security.
Aragon Network
Aragon Network is a rolled-up 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 through smart contracts. Through this service, users (called jurors) are responsible for reviewing the arguments of a particular dispute and voting on their positions on the issues involved.
To become a jury, Aragon users need to exchange ANT tokens for ANJ tokens and must stake or lock them on the platform. The more ANJ tokens a user stakes, the greater the chance of being selected as a jury. After the dispute is resolved, the juror will receive ANT tokens as a reward.
Unique Features of Aragon
Confidentiality and transparency
Aragon provides tools to safeguard and ensure the security of DAO operations. In addition, Aragon provides tools to monitor and track the activities of DAOs to ensure transparency in their decisions and activities.
Easy to use
Aragon has a friendly and easy-to-use interface that enables users to simply create and manage DAOs.
Highly customizable
Aragon provides tools that allow users to easily customize the functionality of their DAOs using smart contracts on the platform.
Token Distribution Plan
Currently, the project has not announced specific plans for the distribution of ANT tokens. Coin68 will update once the latest information is available.
What is the purpose of ANT tokens?
ANT tokens are used in the following situations:
ANT holders can lock up tokens to govern the Aragon DAO.
Used as collateral to mint ANJ.
Plays an important role in protocol development.
Where can investors trade ANT tokens?
Currently, investors can trade ANT tokens on the following exchanges:
Centralized exchanges: Binance, Kraken, Coinbase, etc.
Decentralized exchanges: Uniswap v2, Balancer.
Common trading pairs include ANT/USDT, ANT/USDC, and ANT/WETH.
ANT token storage wallet
ANT is a token that complies with the ERC-20 standard, so investors can store it in wallets such as Metamask, Trust Wallet, Coin98 Wallet, etc. For easy trading, investors can also store ANT in exchange wallets that support the token.
Development Roadmap
Currently, Aragon has not mentioned specifically a development roadmap.
development team
Aragon's development team has many years of experience in the blockchain field, such as:
Luis Cuende: You are currently the co-founder of Aragon and previously held the position of CEO of Aragon. However, he has ceded the CEO position to Jorge Izquierdo and has supported the project as a core contributor.
Jorge Izquierdo: He is currently the co-founder of Aragon and serves as the CEO of Aragon. He was previously the CTO of Aragon and Unpatent.
Brett Sun: You are currently the CTO of Aragon. He is the CEO of BigchainDB (now Ocean
Founding member and programmer of the .
investor
Aragon is supported by investment funds such as CoinFund, ZBS Capital, Boost VC, as well as some individual investors such as Tim Drapper, James Sowers, etc.
Partner
Aragon's main partners include blockchain and DeFi platforms such as Polygon, Aave, Curve, Decentraland, etc. In addition, there are leading crypto market participants such as Boost VC, CoinFund and COO (Dai Foundation).
Summarize
In the context of enterprise-level blockchain adoption, protocols like Aragon play an important role in simplifying the process of setting up DAOs. In addition, Aragon is built on Ethereum, so DAOs are highly secure and difficult to attack.
Through this article, you should have some basic information about the Aragon project so that you can make your own investment decisions.
