Aragon (Aragon Project)
The Aragon project contains the:
Aragon Association (Foundation),
which is managing the funds of the ANT token sale, to fund the Aragon Network. The Association will use its funds in its incentive program. The Aragon Association Board is approving or rejecting AGPs (Aragon Governance Proposals) during the V stage of The Aragon Governance Proposal Process.
AGP (Aragon Governance Proposal) Prozess,
which improve the functioning of the Aragon Network and allocate funds to support the development of the Network.
which contains services to run and manage digital organizations.
which funded the Aragon Project (ICO). ANTs main utility is voting on AGPs (Aragon Governance Proposals) during the last stage (VI) of The Aragon Governance Proposal Process. ANT tokens can also be used to participate in the Aragon Network ecosystem (Aragon Chain & Aragon Court).
Aragon Association (Foundation)
The Aragon Association was founded in 2018 and is responsible for managing the funds raised in the Aragon Network Token sale.
The Association is led by Executive Director Stefano Bernardi and overseen by a Board of Directors comprised of Aragon project co-founders Luis Cuende and Jorge Izquierdo. The Aragon Association board is not elected, it is comprised of the two founders (Luis and Jorge) and they selected themselves.
The role of the Aragon Association Board is to reject or approve AGPs (Aragon Governance Proposals) at stage V of the Aragon Governance Proposal Prozess.
Here you can see the Aragon Association Ethereum Funding Wallet: etherscan.io
Aragon Governance Proposal (AGP) Process
AGP stands for Aragon Governance Proposal, a document that proposes a change to the governance of the Aragon project. Community members create and review proposals following AGP-1: The Aragon Governance Proposal Process.
- Select AGP Track Before you spend time working on a proposal, make sure the proposal complies with AGP-1 and has a chance of passing review by the AGP Editors and your peers. see AGP1 >
- Pre-proposal During Stage II you should seek feedback on your AGP idea by sharing it with your peers in the Aragon community and soliciting their feedback. Be open-minded and respectful of all feedback you receive. Aragon Forum >
- Draft Proposal After you have asked the Aragon community whether an idea has any chance of support and have received sufficient feedback to feel confident going forward, you can create a draft AGP as a pull request to the AGP repo. Draft AGPs >
- Community Review All proposals must go through a mandatory one-week community review period before they are finalized, to ensure the community has an opportunity to give feedback and influence the final proposal language. Listen to community feedback and adjust the proposal as needed to increase its odds of being approved. AGP discussions >
- Final Proposal The Association board review session begins two weeks before the next Aragon vote cycle is scheduled to begin and ends one week before the next vote cycle is scheduled to begin. Board review >
- Aragon Network Vote All AGPs that have moved to Stage V since the last Aragon Network vote cycle and have been approved by the Association board are included on the ballot in the current vote cycle. Vote announcements >
The Aragon Network contains services to run and manage digital organizations. It is the world’s first digital jurisdiction, and is itself operated as a decentralized organization using Aragon to run and manage the Aragon Network. A digital jurisdiction is a parallel, global system of law that enables trustful interactions between individuals and organizations.
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 Aragon Network contains of:
- Aragon Client is the interface to create and manage digital organizations. Client >
- Aragon Chain is a proof of stake blockchain for the Aragon community Chain>
- Aragon Court handles subjective disputes that require the judgment of human jurors. These jurors stake a token called ANJ which allows them to be drafted into juries and earn fees for successfully adjudicating disputes. Court >
Aragon Network Token (ANT)
The Aragon Network Token (ticker symbol: ANT) is the native token of the Aragon Network.
At the 18th of May 2017 roughly 275,000 Ether ($25 million) were collected during the Aragon Network Token Sale (ANT ICO) within 26 minutes. (see blog post)
70% of the total of 39,609,523 ANT were sold in the ICO. 15% went to the Founders and early contributors and 15% went to the Foundation (Aragon Association) (see icorating.com)
Here you can see the ANT Holders: etherscan.io
ANT holders job is to vote on AGPs (Aragon Governance Proposals) at the last stage (VI) of the The Aragon Governance Proposal Process.
ANT is primarily used for the governance of the Aragon Network, although additional uses for accessing Aragon Network services have been proposed as well.
The first use of ANT is as a Sybil-resistant mechanism for governance. In the Aragon Governance Proposal (AGP) process, which was first approved by ANT holders on November 17, 2018, one ANT equals one vote. This means that anyone can vote on AGPs, even while remaining pseudonymous, by acquiring and holding ANT at the time of the Aragon Network vote they want to participate in. ANT can also be used to vote on proposals in the Community Funding DAO, which was first proposed in AGP-10, approved in Aragon Network Vote #1, and deployed on March 18, 2019.
With the launch of the Aragon Network and the Aragon Court, the current plan is for it to be possible to deposit ANT in a bonding curve to mint Aragon Network Juror (ANJ) tokens, which will be required to stake and become a juror in the Aragon Court. More information about the use of ANT and ANJ in the Aragon Court can be found in the Aragon Network whitepaper.
In a blog post announcing Aragon Chain, a Proof-of-Stake blockchain built for the Aragon community, the Aragon One team has proposed that ANT could be deposited into a bonding curve to mint Aragon Chain (ARA) tokens. These tokens would be required to stake and become a validator for the Aragon Chain. With AGP-106 approved in Aragon Network Vote #4, the blockchain development company ChainSafe is now the team responsible for putting the Aragon Chain plan into action.