{"id":8966,"date":"2023-11-03T06:25:14","date_gmt":"2023-11-03T06:25:14","guid":{"rendered":"https:\/\/infundpros.com\/markets\/crypto\/aragon-association-to-dissolve-distributing-155-million-in-eth-to-token-holders\/"},"modified":"2023-11-03T06:25:16","modified_gmt":"2023-11-03T06:25:16","slug":"aragon-association-to-dissolve-distributing-155-million-in-eth-to-token-holders","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=8966","title":{"rendered":"Aragon Association to Dissolve, Distributing $155 Million in ETH to Token Holders"},"content":{"rendered":"<div>\n<figure id=\"attachment_126592\" aria-describedby=\"caption-attachment-126592\" style=\"width: 1200px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-126592\" class=\"wp-caption-text\">Source: Adobe \/ photo_gonzo<\/figcaption><\/figure>\n<p>The Aragon Association, one of the biggest crypto projects building tools to support decentralized governance, has decided to dissolve, distributing most of its assets to tokenholders in the process.<\/p>\n<p>On November 2, the Aragon Association (AA) announced in a blog post that it would be dissolving and, in the process, would distribute most of its assets to tokenholders in a process that includes the distribution of 86,343 Ether (ETH), valued at approximately $155 million, to tokenholders from its Treasury.<\/p>\n<p>This decision comes as the AA grapples with internal challenges, including \u201cbureaucratic complexities, misaligned stakeholders, and failed attempts at modifying governance,\u201d which created tension. As a result, the AA opted for a total reset, aiming to safeguard and advance the project\u2019s mission under a new, more focused leadership.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We have an important update for all stakeholders of the <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/AragonProject?ref_src=twsrc%5Etfw\">@AragonProject<\/a>. We passed a resolution to:<\/p>\n<p>\u2013 Deploy most of the treasury to allow all ANT holders to redeem their ANT for ETH<br \/>\u2013 Dissolve the AA<br \/>\u2013 Continue the mission in a product-focused structurehttps:\/\/t.co\/S0GjRtzhZJ<\/p>\n<p>\u2014 Aragon Association (@AragonAssoc) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/AragonAssoc\/status\/1720109663491149935?ref_src=twsrc%5Etfw\">November 2, 2023<\/a><\/p>\n<\/blockquote>\n<p>It was also influenced by years of experimentation with different governance initiatives, along with the challenge of balancing the Treasury\u2019s growth and the token\u2019s market cap.\n<\/p>\n<h2><strong>The AA to Redeem ANT Tokens for ETH, Offering Fixed Rate Redemption<\/strong><\/h2>\n<p>\nThe AA is set to send 86,343 Ether (ETH), valued at approximately $155 million, to a redemption contract on the Ethereum network. This deployment allows all ANT token holders to redeem their tokens for ETH at a fixed rate of 0.0025376 ETH per ANT.<\/p>\n<p>The AA\u2019s objective is to redeem all outstanding circulating supplies. Token holders have until November 2, 2024, to participate in the redemption, after which this option will no longer be available.<\/p>\n<p>At the end of the redemption period, the redeemed ANT will be burned, and any remaining ETH will be directed to a new product-focused structure.\n<\/p>\n<h2><strong>Aragon Project To Adopt New Leadership and Product-Focused Structure to Advance Mission in Decentralized Organizations (DAOs)<\/strong><\/h2>\n<p>\nHowever, the Aragon project\u2019s mission, centered on creating flexible and secure tools for decentralized organizations (DAOs), will continue under new leadership and a leaner, product-focused structure.<\/p>\n<p>The new structure involves the formation of a Product Council consisting of industry experts who will guide the development and governance of Aragon\u2019s DAO framework. It will be seeded by representatives of the ASF and the Aragon OSx team. In addition, a company composed of the current Aragon OSx team will continue to develop products.<\/p>\n<p>This reorganization is designed to empower those most aligned with the project\u2019s mission\u2014users and partners\u2014to take the lead. The Product Council will advise on product development priorities, allocate funds, and oversee the governance of Aragon OSx.<\/p>\n<p>In 2017, Aragon conducted a successful ANT sale, raising 275,000 ETH (approximately $25 million) to fund its ambitious vision of creating a dispute resolution system within the Aragon Network, a new digital jurisdiction. The project\u2019s grants program, Aragon Nest, was initiated in 2018 and supported various projects within the Ethereum ecosystem.<\/p>\n<p>Earlier this year, the \u201cRisk-Free Value (RFV) Raiders\u201d made a concerted effort to seize control of the Aragon treasury by acquiring ANT tokens and using their voting power to overrule the AA. The AA labeled this daring maneuver as a \u201c51% attack.\u201d<\/p>\n<p>In response to this situation, the AA decided to pull plans to transfer governance power to tokenholders.<\/p>\n<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/aragon-association-to-dissolve-distributing-155-million-in-eth-to-token-holders.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Adobe \/ photo_gonzo The Aragon Association, one of the biggest crypto projects building tools to support decentralized governance, has decided to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":8967,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":{"0":"post-8966","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aragon Association to Dissolve, Distributing $155 Million in ETH to Token Holders | inFundPros<\/title>\n<meta name=\"description\" content=\"Source: Adobe \/ photo_gonzo The Aragon Association, one of the biggest crypto projects building tools to support decentralized governance, has decided to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=8966\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aragon Association to Dissolve, Distributing $155 Million in ETH to Token Holders | inFundPros\" \/>\n<meta property=\"og:description\" content=\"Source: Adobe \/ photo_gonzo The Aragon Association, one of the biggest crypto projects building tools to support decentralized governance, has decided to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infundpros.com\/?p=8966\" \/>\n<meta property=\"og:site_name\" content=\"inFundPros\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-03T06:25:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-03T06:25:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/11\/1698990730-adobestock-545773171-edit___media_library_original_1280_853-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/infundpros.com\/?p=8966#article\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/?p=8966\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\"},\"headline\":\"Aragon Association to Dissolve, Distributing $155 Million in ETH to Token Holders\",\"datePublished\":\"2023-11-03T06:25:14+00:00\",\"dateModified\":\"2023-11-03T06:25:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infundpros.com\/?p=8966\"},\"wordCount\":592,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/infundpros.com\/?p=8966#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infundpros.com\/?p=8966\",\"url\":\"https:\/\/infundpros.com\/?p=8966\",\"name\":\"Aragon Association to Dissolve, Distributing $155 Million in ETH to Token Holders | inFundPros\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/#website\"},\"datePublished\":\"2023-11-03T06:25:14+00:00\",\"dateModified\":\"2023-11-03T06:25:16+00:00\",\"description\":\"Source: Adobe \/ photo_gonzo The Aragon Association, one of the biggest crypto projects building tools to support decentralized governance, has decided to\",\"breadcrumb\":{\"@id\":\"https:\/\/infundpros.com\/?p=8966#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infundpros.com\/?p=8966\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infundpros.com\/?p=8966#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infundpros.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Aragon Association to Dissolve, Distributing $155 Million in ETH to Token Holders\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infundpros.com\/#website\",\"url\":\"https:\/\/infundpros.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infundpros.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/infundpros.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/infundpros.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/infundpros.com\"],\"url\":\"https:\/\/infundpros.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Aragon Association to Dissolve, Distributing $155 Million in ETH to Token Holders | inFundPros","description":"Source: Adobe \/ photo_gonzo The Aragon Association, one of the biggest crypto projects building tools to support decentralized governance, has decided to","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infundpros.com\/?p=8966","og_locale":"en_US","og_type":"article","og_title":"Aragon Association to Dissolve, Distributing $155 Million in ETH to Token Holders | inFundPros","og_description":"Source: Adobe \/ photo_gonzo The Aragon Association, one of the biggest crypto projects building tools to support decentralized governance, has decided to","og_url":"https:\/\/infundpros.com\/?p=8966","og_site_name":"inFundPros","article_published_time":"2023-11-03T06:25:14+00:00","article_modified_time":"2023-11-03T06:25:16+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/11\/1698990730-adobestock-545773171-edit___media_library_original_1280_853-1.jpeg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/infundpros.com\/?p=8966#article","isPartOf":{"@id":"https:\/\/infundpros.com\/?p=8966"},"author":{"name":"Press Room","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff"},"headline":"Aragon Association to Dissolve, Distributing $155 Million in ETH to Token Holders","datePublished":"2023-11-03T06:25:14+00:00","dateModified":"2023-11-03T06:25:16+00:00","mainEntityOfPage":{"@id":"https:\/\/infundpros.com\/?p=8966"},"wordCount":592,"commentCount":0,"publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/infundpros.com\/?p=8966#respond"]}]},{"@type":"WebPage","@id":"https:\/\/infundpros.com\/?p=8966","url":"https:\/\/infundpros.com\/?p=8966","name":"Aragon Association to Dissolve, Distributing $155 Million in ETH to Token Holders | inFundPros","isPartOf":{"@id":"https:\/\/infundpros.com\/#website"},"datePublished":"2023-11-03T06:25:14+00:00","dateModified":"2023-11-03T06:25:16+00:00","description":"Source: Adobe \/ photo_gonzo The Aragon Association, one of the biggest crypto projects building tools to support decentralized governance, has decided to","breadcrumb":{"@id":"https:\/\/infundpros.com\/?p=8966#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infundpros.com\/?p=8966"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infundpros.com\/?p=8966#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infundpros.com\/"},{"@type":"ListItem","position":2,"name":"Aragon Association to Dissolve, Distributing $155 Million in ETH to Token Holders"}]},{"@type":"WebSite","@id":"https:\/\/infundpros.com\/#website","url":"https:\/\/infundpros.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infundpros.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/infundpros.com\/#organization","name":"Fintech Advance","url":"https:\/\/infundpros.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/person\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/infundpros.com"],"url":"https:\/\/infundpros.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/8966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8966"}],"version-history":[{"count":1,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/8966\/revisions"}],"predecessor-version":[{"id":8968,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/8966\/revisions\/8968"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/media\/8967"}],"wp:attachment":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}