Ethereum Firm Aragon Launches Token Sale
Ethereum-based decentralized corporate management platform Aragon will begin a month-long digital token sale today. All funds raised from the initial sale of Aragon Network Tokens (ANT), will be used to continue the development of its platforms, Aragon Core and the Aragon Network.
Built on ethereum, Aragon is the first management tool using blockchain to help with the creation and management of companies around the world.
The company claims it is building the tools for a next generation of decentralized organizations without corporeal and geographic forms. Aragon’s platform will put into place some fundamental features, such as cap table management, governance, fundraising, payroll, and accounting, supporting all areas of company management.
By using 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.
Among the line-up of Aragon pre-sale buyers are ICONOMI and CoinFund. In addition, Aragon welcomes a number of individual pre-sale contributors including Ethlance director of operations Joe Urgo and Stampery co-founder Danielle Levi. Early contributors, presale partners, and advisors will acquire tokens which vest over time through smart contracts.
“The Aragon token sale will be one of the first to restrict founder and early contributor rewards with tokens which vest using smart contracts,” said Aragon co-founder and project lead Luis Cuende. “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.
Aragon also announced a partnership with digital asset exchange ShapeShift. The partnership will allow Aragon buyers to participate in the token sale with over 45 different cryptocurrencies on the ShapeShift platform, including bitcoin, ether, Dash, and Litecoin.
“ShapeShift is known throughout the crypto space as one of the best digital asset exchanges,” said Cuende. “Featuring many of the leading blockchain tokens, ShapeShift will provide Aragon buyers with a fast and simple way to participate in our sale with a multitude of different cryptocurrencies.”
“Aragon is pioneering the change in organizational structures, redefining how companies are managed worldwide,” said ShapeShift founder, and CEO Erik Voorhees. “At ShapeShift we strive to align ourselves with companies that further advance and broaden the usage of blockchain technology and are delighted to play a role in Aragon’s upcoming token sale.”
