Ethereum-based distributed network platform Aragon has announced a partnership with leading global exchange ShapeShift in advance of their upcoming token sale. Set to launch May ...
Ethereum-based distributed network platform Aragon has announced a partnership with leading global exchange ShapeShift in advance of their upcoming token sale. Set to launch May 17th, Aragon counts ICONOMI and CoinFund among its pre-sale buyers.
Thanks to the partnership with ShapeShift, users will be able to purchase Aragon Network Tokens (ANT) using the variety of tokens on the ShapeShift platform such as Bitcoin, Ether, or Litecoin.
Aragon, founded by Luis Cuende and Jorge Izquierdo, is the first management tool built utilizing blockchain to help with the creation and management of companies around the world. As blockchain continues to revolutionize corporate governance and process management, the Aragon team sought to provide users with the next generation of organizational tools. Using the Ethereum blockchain, Aragon will have fundamental features including cap table management, governance, fundraising, payroll, and accounting.
Thanks to the power and flexibility of the Ethereum network, minimally-specified organizations will be able to exist using Aragon Core, with a module system in place to expand functionality on top of the immutable blockchain protocol. Fully decentralized organizations can exist on the Aragon Network, the first decentralized autonomous organization set up as a digital jurisdiction and designed for ease of operation by end-users.
This ease of operation has proven to be successful, with the number of organizations on the Aragon testnet growing from 770 to over 2,500 at the time of writing and an online community of over 2,100 within the digital communications platform Slack.
As Aragon moves into the next phase of its growth, the upcoming token sale will comprise of an uncapped number of tokens for a one month period beginning tomorrow, May 17, 2017. The funds, released in the form of ANT, will be used to continue the development of Aragon Core and the Aragon Network.
Co-Founder and Project Lead at Aragon Luis Cuende further stated:
[T]he Aragon token sale will be one of the first to restrict Founder and early contributor rewards with tokens which vest using smart contracts. We believe vesting should become a de-facto standard for all blockchain projects
ANT holders will be able to use the tokens to interact on the platform in a variety of ways, including changing subscription fees and minting rates, decide on services provided, vote on capital allocations and investments, network upgrades, and other governance decisions.
Featured image from Aragon.