When was Aragon coin issued?

Aragon Coin (ANT), the native cryptocurrency of the Aragon Network, enables decentralized governance, transaction fee payment, and rewards for community contributions within the Aragon ecosystem.

Nov 16, 2024 at 02:08 pm

Aragon Coin: A Comprehensive Guide

Introduction

Aragon Network, a decentralized autonomous organization (DAO) platform, has issued its native cryptocurrency, Aragon Coin (ANT). This ERC-20 token powers the Aragon ecosystem and enables various functions within its governance and operation.

Key Facts and Figures

• Symbol: ANT
• Blockchain: Ethereum
• Total Supply: 40,000,000 ANT
• Circulating Supply: 29,836,962 ANT
• Initial Issue Date: March 6, 2017

Utility of Aragon Coin (ANT)

Within the Aragon Network, ANT serves several critical functions:

• Governance: ANT holders participate in the decentralized governance of Aragon Network, making critical decisions by voting on proposals related to platform development and operations.
• Staking: Users can stake ANT to gain voting power, participate in protocol security, and potentially receive rewards through the Acropolis platform.
• Transaction Fees: ANT is used to pay transaction fees on the Aragon Network, ensuring the smooth operation and sustainability of the platform.
• Community Incentives: ANT rewards are distributed to active participants in the Aragon community, encouraging user engagement and contributions.

Roadmap and Future Development

The Aragon Network team is actively working on developing and enhancing the platform. Several notable milestones have been achieved, and the roadmap includes plans for further advancements:

• Q1 2021: Launch of Aragon v2, a major platform upgrade with improved governance mechanisms and a more user-friendly interface.
• Q2 2021: Integration with the Ethereum Name Service (ENS), enabling users to create and manage human-readable domain names for their DAOs.
• Q3 2021: Release of the Aragon Project Fund, providing grants and resources to support the development of innovative applications and initiatives within the Aragon ecosystem.
• Q4 2021: Expansion to additional blockchain networks, allowing for cross-chain interoperability and broader adoption of Aragon.

Where to Buy, Store, and Trade ANT

ANT is widely available on several cryptocurrency exchanges, including Binance, Coinbase Pro, and Kraken. To securely store ANT, users can use compatible cryptocurrency wallets such as MetaMask, MyEtherWallet, or the official Aragon wallet.

Conclusion

The Aragon Coin (ANT) plays a pivotal role within the Aragon Network, empowering the community through governance participation, transaction fee payment, and community incentive mechanisms. With ongoing development and partnerships, Aragon aims to drive the adoption and implementation of decentralized governance solutions across various industries and applications.