Aragon (ANT) is a decentralized platform built on the Ethereum network, offering a divided path to create and manage dApps, crypto protocols, and decentralized autonomous organizations (DAOs). The ANT ERC-20 token allows its holders to govern the Aragon Network.
What is ANT Coin?
Thanks to the Aragon platform, users have the opportunity to collaborate with people from all over the world and work towards common goals. Thus, users can unite towards the same aim, irrespective of borders. At the same time, the platform offers a transparent and secure experience. How funds are used within the community and within accepted limits can be easily tracked.
On the other hand, the existence of communities where everyone shares a common interest and participates in the group decision-making process is also highlighted as a prominent feature of the platform.
In addition, ANT is the native token of the Aragon Network. ANT is used to support work tokens for specialized network services and is also a governance token to manage the general network. Work tokens allow access to certain economic protocols. The ANT token is designed to align incentives properly and provide opportunities to provide income or other economic benefits to its owner.
Furthermore, the Aragon Network benefits from the success of the services it develops by linking the service demand to ANT. ANT holders can have a direct say in the network’s development by participating in governance.
ANT also supports work tokens used to access Aragon Network services, such as ANJ and ARA. There are benefits to using multiple work tokens instead of a single network token as follows:
- Risks can be easily tracked: Each network service can be assessed according to its own risk profile.
- Incentives can be better aligned: Binding smart contracts link the success of each protocol to the success of the respective work tokens.
- More focused communities: Work token holders provide specific valuable services for protocol users.
Review of ANT Coin
Chris Burniske from Placeholder comments on the ANT token, saying, “Aragon, the leader in entirely software-based jurisdictions, is onto something good.” In addition, the famous billionaire Tim Draper announced at the beginning of 2020 that he had bought 1 million ANT coins, which was interpreted as Draper’s confidence in ANT coin.
On the other hand, we see that the ANT token receives quite positive reviews even just because of the name behind it. The project is managed by Luis Cuende, who is on Forbes’ “30 Under 30” list in the technology field.
ANT Coin Chart
At the time this article was prepared for publication, Aragon coin was trading at $5.34. It is worth noting that ANT token, with a market value of 175,925,944 USD and ranked 69th in terms of market value, has a 24-hour trading volume of 31,901,427 USD.
In addition, Aragon Coin saw its peak on August 13, 2020, at $11.45, and its lowest level on November 25, 2018, at $0.28.54. It is also stated that there are currently 32,924,120 ANT tokens in circulation, out of a total of 39,609,524 ANT.
How to Buy ANT Coin?
The cryptocurrency ANT token, backed by a strong name, can be easily purchased through the world’s most reliable and fastest cryptocurrency transaction platform Binance.
