Aragon helped Lido, Curve form DAOs — now it's dissolving
The Aragon Association, which emerged from one of the earliest ICOs of 2017, is dissolving itself. The token has lost two-thirds of its value since its all-time high in April 2021, and the Association, which once controlled Aragon ’s treasury, will disburse most of its remaining funds to token holders. Aragon was founded in 2016 and conducted its ICO on May 17, 2017. It provided tooling for some of the world’s most popular DAOs, including Curve and Lido. It failed at its various other pursuits, however, and acknowledged lengthy, final regrets. Specifically, the Aragon Association plans to use 86,343 ETH to buy back ANT at a rate of 0.0025376 ETH per ANT. ANT token holders must manually request the redemption. Unclaimed funds will be used to finish Aragon’s limited product roadmap. Over the weekend and throughout time of writing, the price of ANT tracked that ratio impeccably: 1 ANT per 0.0025 ETH. In other words, speculators apparently see no further value in ANT above its redemp...