Aragon Association announces dissolution, ANT holders can exchange tokens for ETH

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Cointime2023/11/02 17:06

By:Cointime

DAO management platform Aragon announced the dissolution of its subsidiary, the Aragon Association. ANT holders can exchange their ANT for ETH at a fixed rate of 0.0025376 ETH/ANT. To facilitate this, the Aragon Association is deploying 86,343 ETH to the redemption contract on the Ethereum mainnet. Due to legal restrictions, particularly regulatory risks arising from token speculation and market manipulation, this decision cannot be subject to public voting. In the future, the Aragon Association will continue to fulfill its mission within a product-centric structure and use the remaining funds for product development.

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