Aragon Token Sale: A platform for creating and managing DAOs

Aragon will be a platform, built on Ethereum, for creating and managing DAOs.

Update 05/11/17: The Aragon team recently released their project code on Github.

Project Description

Aragon will be a platform, built on Ethereum, for creating and managing DAOs. Aragon DAO management software is currently running a live alpha on the Ethereum testnet. There is a downloadable desktop app available in their github as well as a web version.  Smith + Crown took the desktop version on a test run and used it to:

  • Set up a DAO entity,
  • Issue shares,
  • Set member identities, roles, and permissions,
  • Vote on the adoption of certain bylaws, and
  • Maintain accounting records of company shares.

The alpha version of the Aragon app does not allow for the creation of fully customizeable DAOs, but it does provide enough flexibility and usability to create functioning blockchain organizations that can be used to manage voting, share issuance, and member roles. Currently, Aragon is limited to managing actions that take place on-chain and are machine decidable.

Eventually the Aragon network, a DAO itself, will be developed to arbitrate human decision making processes. The Aragon network will launch with a minimalist constitution. The constitution will be amended and added to through a liquid democracy; Aragon Network Token (ANT) holders will be able to cast a vote to change the constitution as well as adjust protocol details such as token issuance.

Project Details

Incorporation status: Aragon Institution, 2017, Estonia
Team openness: Links to external accounts, public acknowledgement of involvement.
Blockchain Developer: Jorge Izquierdo
Technical White Paper:       Yes
Available Project Code: Code available on Github
Prototype: Alpha available to download on github.

Token Details

Role of token: Voting Rights and Access Rights
Token supply: Proportional to token sale participation
Distributed in ICO:       70 percent
Emission rate: Decided by token holders
Blockchain: Ethereum
Consensus method: Proof of Work

Sale Details

Sale period: May 17th, 2017 to June 14th, 2017
First price: 0.01 ETH
Accepted currencies: ETH
Investment Round: First public offering
Token distribution date: Distributed immediately
Min investment goal: None
Max investment cap: Hidden + hard cap
How are funds held: Sale contract
Minimum Viable Product:      Unclear

Official Resources