Max Supply --- 39,609,524 ANT
🏗️ Platform ------- Ethereum
Aragon (ANT) is a decentralized platform built on the Ethereum network that offers a modularized way to create and manage dApps, cryptoprotocols, and decentralized autonomous organizations (DAO). The ANT ERC-20 token will enable its holders to govern the Aragon Network.
The project is led by Luis Cuende, who was featured on the ‘Forbes 30 under 30’ category in ‘Technology’.
The Aragon Network is an Aragon organization that provides infrastructure and services to users of the Aragon platform, and is governed by ANT holders.
Proposal Agreement disputes rely on a decentralized oracle protocol referred to as the court where jurors stake the Aragon Network’s native asset ANT in order to earn the right to perform dispute resolution service and earn a portion of dispute resolution fees.
The Aragon Network is governed by Aragon Network Token (ANT) holders subject to AGP-1: The Aragon Governance Proposal Process. Through the governance process, ANT holders continually improve the functioning of the Network and allocate funds to support the development of the Network. The first vote ever held by the Aragon Network on the Ethereum mainnet was using the Survey app, and started on May 31, 2018. Later that year, ANT holders voted to approve AGP-1: The Aragon Governance Proposal Process.
In a world where Aragon entities become de facto standard for operating organizations, the following markets are disrupted:
- Law advise
- Other bureaucratic agents
The amount of value gathered by those entities is probably in the trillions of dollars, since the annual revenue for law firms in the US is about $275 billion.
The Aragon Network is effectively a new legal system. In that regard, the current market for legal security and property rights is… huge.
As an example, the US is expected to collect $3.643 trillion in taxes during 2020.