AragonProject

What is Aragon (ANT)?

Aragon is a community-driven, open-source platform constructed on the Ethereum blockchain, aimed at establishing and administering decentralized autonomous organizations (DAOs). The initiative consists of three primary elements: the Aragon Association, Aragon Client, and Aragon Network. As a non-profit entity, the Aragon Association oversees the network by allocating and preserving funds acquired via token offerings. The Aragon Client offers a collection of tools that enable developers to build DAOs, whereas the Aragon Network encourages and streamlines interactions between users and services throughout the blockchain-centred environment.

Aragon network's inherent digital currency, known as ANT coin, enables users to engage in voting on suggestions and partake in the network's governance. The Aragon network hosts decentralized organizations that can communicate seamlessly using the Aragon Agent application and Ethereum smart contracts. Aragon is distinguished by its ability to support the infrastructure of decentralized organizations and link DAO users via the Ethereum blockchain.

What makes Aragon Unique?

Aragon enables developers to build and host decentralized applications (dApps) on the network, with creators potentially profiting from their applications' usage. Aragon offers the necessary functionality for creating and maintaining DAOs, including an incentive model for contributors, fundraising, and community engagement. To create a DAO, developers use AragonOS, a smart contract framework with built-in features for decentralized organizations.

You can also get the latest price on the ANT coin at Binance, OKX, Bybit, Bitrue, and CoinW.

Who founded Aragon?

Aragon was founded in 2016 by Luis Ivan Cuende and Jorge Izquierdo, who also established the Aragon Association and Aragon One. The project raised 275,000 ETH (equivalent to $25 million) in a 2017 token sale, officially launching on the Ethereum network in 2018.

Aragon (ANT) Pros and Cons

Pros:

• Open-source software for creating and managing DAOs.
• Built on the Ethereum blockchain.
• Enables easy creation and maintenance of decentralized organizations.
• ANT allows users to participate in network governance.

Cons:

• May face competition from other DAO-focused projects.
• The complexity of the project might limit its adoption.
• Reliant on the Ethereum network's performance and development.

Aragon (ANT) Review

Aragon offers a valuable and unique solution to the cryptocurrency market, simplifying the creation, maintenance, and management of decentralized autonomous organizations. The platform allows users and developers to create their own DAOs using AragonOS, contributing to the development of the blockchain economy and the DAO ecosystem.

However, Aragon may face competition from other DAO-focused projects and is reliant on the Ethereum network's ongoing development. The complexity of the project might also be a barrier to entry for new users or developers who are not familiar with these concepts.

It's also worth highlighting our security review of the project's risks. We've detected a mint function on its main smart contract. We also found an anti-whale function, a trade-pause function, and a function that allows the contract owner to edit anyone's balance as well as modify the anti-whale limit on another smart contract associated with the project.

While these features appear to be functioning properly and might be used to secure the project, they may introduce security issues down the line. Our goal is to keep you informed about their presence and let you assess your own level of risk that you are comfortable with.

Is Aragon Coin (ANT) a Scam?

There is no evidence to suggest that Aragon Coin (ANT) is a scam. Established in 2016 by founders Luis Ivan Cuende and Jorge Izquierdo, the project has given rise to the Aragon Association and Aragon One. With a primary goal of streamlining the process of forming and administering decentralized autonomous organizations, Aragon's integration with the Ethereum blockchain highlights its dedication to offering a useful service in the world of digital currencies.

As is in the case of any investment, it is imperative for potential users and investors to carry out their own research (DYOR). Analyze the project, the team, and their goals to discern and consider the risks before investing. Make sure to only invest money you can afford to lose, as scams are prevalent in the crypto space. By adhering to these guidelines, you can avoid making poor decisions and investments.

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