Today we will talk about a recent monster stock. The market has plummeted, but it can still rise. It has almost increased five times from the low in May to now. He is ANT (Aragon), with a current market value of US$500 million and a market value ranking of around 140+. Let’s take a look at it today.
Introduction to ANT (Aragon)
Aragon Network was founded in 2016 by Luis Ivan Cuende and Jorge Izquierdo and is dedicated to supporting decentralized governance. This project provides templates to launch a DAO (Decentralized Autonomous Organization) in minutes, while using modular applications for further customization. Various products in the Aragon network support the launch, maintenance and optimization of the voting process of DAO. Currently, Aragon supports projects including Decentraland, DAppNode, API3, NFTX, brightID and other well-known projects.
Now, Aragon has become one of the largest platforms for establishing DAOs in the world, with more than 1,800 DAOs currently jointly managed. As a free and open source technology, Aragon aims to promote the application of DAO and make the creation and management of decentralized organizations easier. Using Aragon's technology, companies, cooperatives, non-profit organizations or open source projects can quickly build their own DAO.
The on-chain organization of Aragon Network will be built using Aragon Core, which is composed of a Solidity language decentralized autonomous organization (DAO) and a web-side decentralized application (dApp). Initially, Aragon Core will focus on capitalized corporate organizations, but its functionality is modular enough to accommodate other types of organizations. Aragon Token (ANT) is the native token of Aragon Network and is mainly used to manage the Aragon Network and mortgage the Aragon Network member agreement. Aragon currently implements basic organizational functions such as shareholder rosters, token transfers, voting, job appointments, financing, and accounting. The behavior of organizations on the Aragon chain can be customized by modifying the charter. Finally, the Aragon organization is extensible through third-party modules that connect smart contracts.
In 2017, Aragon held an initial coin offering (ICO), raising 275,000 ETH (approximately $25 million at the time) by selling ANT tokens, also known as tokens. Aragon was publicly released on the Ethereum mainnet in 2018.
Aragon is liquid, democratic, and governed through the Aragon Network. Aragon has Aragon governance proposals (AGPs). Each AGP details changes to be made to the management, allocation, and use of Aragon network shared resources. All AGPs must be consistent with the goals and values of the community. The purpose of AGP is to provide a structured decision-making process for changes to Aragon network shared resources. For adjustments to shared resources, DAO participants need to jointly decide to agree/deny access, or approve/reject relevant proposals.
The native token on the Aragon network is called the Aragon network-work token (ANT for short). ANT represents the size of the user’s token share in the DAO where he or she is located. Members in the DAO can initiate proposals on the rules and governance of the organization, and then other members vote based on the size of their token shares to decide whether to accept the proposal. It should be pointed out that the initiator of the proposal also needs to pre-deposit a certain amount of ANT as collateral to encourage the proposer to initiate beneficial proposals.
Aragon project features
Create and operate decentralized organizations on the blockchain.
The value realized by innovation: Compared with traditional organizations, decentralized organizations operate extremely efficiently.
Scale of usage scenarios: Applicable to companies (corporate organizations focusing on capitalization in the early stage), open source projects, NGO organizations, foundations, hedge funds, etc. Users do not need a professional technical background and can operate through a humanized graphical interface .
Application scenarios
1. Out-of-the-box features:
Out of the box, Aragon offers a variety of core features. It has a module for identity management and closely related modules for ownership and access control. Other modules include shareholder voting, raising funds through token generation, HR onboarding and payroll, and accounts payable/receivable. In summary, Aragon's core functionality covers the key aspects of accounting, governance and identity that make modern companies function.
2. Modular custom functions:
Aragon's modular design doesn't stop with standard core modules. Just as companies can edit existing modules, they are also free to develop entirely new models. They can also develop the data and structures of existing models to enable extended functionality.
The modular nature of Aragon combined with its open source ethos means we could see an entire ecosystem of free-to-use modules that can expand the capabilities of the Aragon organization.
3. Digital Jurisdiction:
Aragon’s clear goal is to establish digital jurisdiction. Just as states have jurisdiction over their citizens in courts, Aragon wants to create the first digital court that does not operate according to state borders and enforces digital contracts between organizations on the Aragon platform.
ecology
There are currently 40+ applications,
Token distribution
First issued on 2017-05-17, crowdfunding price $0.9015, maximum supply 40,029,852 ANT, circulation rate 100.00%. The current currency price is around 4.3 US dollars. In May of 2023, it was only 1 US dollar. On June 20, it reached 5 US dollars, so it has increased five times in the past month. The momentum is very strong. Then the team’s currency holding ratio is not very high. The current currency holdings are also relatively scattered, and there are not many giant whales.
Finally, we summarized that this project is quite interesting. It specializes in making DAO for others, just like the organization in web3 that helps others to start a company. Isn’t it quite interesting? This is the first time I have seen such a project. Then what? The DAO organization is currently a very process-based architecture of web3, and it is also the organization method that is deeply rooted in the hearts of the people. Because the blockchain is about decentralization, it is very incompatible with the nature of the company to build a centralized one, and DAO is very consistent. Tonality of web3. The recent surge in the project also shows that its fundamentals are definitely OK. There will be more and more DAO organizations in the future. Of course, there are not many applications for this project at present, just dozens. It still depends on With the development of the project, the currency price has increased too much in the short term. It is definitely not recommended to buy it. We will decide the specific time to buy it in the planet.