Photo: Avi Mizrahi
Did the blockchain development community learned enough in the time that passed from the DAO debacle to make sure the idea could be implemented successfully? One team seems to think so. Aragon, a Spanish blockchain startup developing a decentralized management platform for organizations, has announced a token sale commencing May 17, 2017.
Co-Founder and Project Lead at Aragon, Luis Cuende, said: “After the dot-com revolution and the rise of cloud computing, a new type of company has begun to emerge: businesses without traditional corporeal and geographic forms. The catalyst has been blockchain technology changing the incentive structure for companies. Aragon is building the tools for this next generation of decentralized organizations.”
Based on the Ethereum blockchain, Aragon implements basic features such as cap table management, governance, fundraising, payroll, and accounting.
“With Aragon Core, a minimally-specified organization will be able to run on the Ethereum network. A Module system will then be implemented so further functionality can be built on top. Fully decentralized organizations will also be able to take advantage of the Aragon Network, a token-governed digital jurisdiction, to resolve core governance issues and increase efficiency,” added Cuende.
“In 2016 we saw the rise in token sales and already in 2017 we are seeing that this trend is very much continuing. As a team we are dedicated and committed to the long term success of the project. Therefore, the Aragon token sale will be one of the first to restrict Founder and early contributor rewards with token which vest using smart contracts,” concluded Cuende.
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