Aragon
About Aragon
The price of Aragon (ANT) is $5.75 today, as of Sep 16 08:28 p.m., with a 24-hour trading volume of $197,222. Over the last 24 hours, the price has decreased by -3.03%. Aragon currently has a circulating supply of 40.04M and a market cap of $230.29M.
ANT is the native cryptocurrency of Aragon: a blockchain-based platform that allows users to build and manage their own decentralized autonomous organizations (DAOs).
A DAO lets people form groups that are governed by a defined set of computer codes, as opposed to a single leader. Users are required to hold ANT in order to vote on certain proposals related to a DAO, such as how to invest everyone’s pooled funds. They can also trade ANT for two other coins that exist in the Aragon ecosystem – ANJ and ARA.
The Aragon project runs on the Ethereum blockchain platform, relying on a globally distributed network of users to collectively manage its code.
ANT is an ERC-20 token – a type of fungible token created to be compatible with the Ethereum network. In May 2017, 70% of ANT tokens were sold to the public via an initial coin offering (ICO). The project raised 275,000 ETH (about $25 million at the time) in just 26 minutes. The remaining 30% of the supply was divided between the Aragon Association and its founders.
After the ICO, there were 39.6 million tokens, but the project stated new ANT tokens would continue to enter circulation until the Aragon network had officially launched. After that, control over the inflation rate would be passed to ANT holders. That transition happened two years later in 2020, when the Aragon network launched its version two platform.
ANT’s price reached an all-time high of $14.64 in April 2021, right around the time the project integrated Key Performance Indicator (KPI) options – a feature where people can bet on whether a DAO proposal will be completed. The idea is that if people bet that a KPI will be completed, they are more likely to make sure it succeeds, which ultimately benefits both themselves and the DAO.