How To Buy Aragon (ANT)?

A common question you often see on social media from crypto beginners is “Where can I buy Aragon?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports Aragon (ANT)

First, you will need to open an account on a cryptocurrency exchange that supports Aragon (ANT).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Aragon (ANT) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Aragon (ANT)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Aragon (ANT) or Aragon (ANT) trading pairs. Look for the section that will allow you to buy Aragon (ANT), and enter the amount of the cryptocurrency that you want to spend for Aragon (ANT) or the amount of fiat currency that you want to spend towards buying Aragon (ANT). The exchange will then calculate the equivalent amount of Aragon (ANT) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Aragon (ANT) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is Aragon (ANT)?

The Aragon network was founded by Luis Iván Cuende and Jorge Izquierdo in 2016. It’s a new-generation software that allows enterprises to create and manage DAOs on the Ethereum blockchain. Users of the Aragon protocol can create fully functional autonomous organizations. The DAOs created on Aragon offer plug-and-play solutions as all of its business functionalities, such as payment protocols and governance systems, are deployed during the creation process. 

DAOs on the Aragon protocol are extremely scalable and customizable. As of this writing, close to 1,800 DAOs have been built on Aragon, and their services are currently being used by giants in the crypto space, such as Curve Finance and Decentraland. 

The Aragon ecosystem comprises five main components: Aragon Client, Aragon Network, Aragon Association, Aragon Court and the protocol’s native cryptocurrency, ANT. 

Aragon Client is a tool for enterprises to create and manage their DAOs, whereas Aragon Network is a wider DAO that enables interactions between the platform’s network of DAOs. The Aragon Association is a nonprofit organization which manages and distributes the funds raised from Aragon’s token sale. The most innovative aspect of this protocol is Aragon Court, a dispute resolution service that settles any critical disputes among DAOs hosted by the Aragon Network which can’t be solved by smart contracts.

What is the ANT token?

As mentioned, ANT is the native utility token of the Aragon network. It’s an ERC20 token built on the Ethereum platform. As part of a protocol which offers DAO development services, ANT is critical to the Aragon Network’s function. The token was launched in the last quarter of 2018 and had an impressive historic price action, especially in the last two years.

The primary use case of the ANT token is in the dispute resolution process undertaken by the Aragon Court. The process of dispute resolution is as follows: A group of users (aka, jurors) assess the background of the dispute and make informed decisions by analyzing all of the facts presented by both parties. For contributing their time and energy to solve complex disputes, these jurors are incentivized in the form of ANT tokens. 

Thus, jurors solve disputes and earn rewards. To become a juror, you first need to exchange your ANT tokens for ANJ tokens. Then, you stake your ANJ tokens on the Aragon platform to become a juror and earn more rewards in the form of ANT.

ANT token holders also get to participate in the community governance of the Aragon Network. As a holder, you have the right to vote on many critical decisions, upgrades and proposals relating to the network. 

How Does Aragon Work?

Developers get to create, build and manage their own DAOs on the Aragon Network. ANT is cleverly integrated into this process. Since the Aragon protocol is built on the Ethereum network, developers can deploy any Ethereum DApp integrations, which can in turn benefit other network participants. Creators of these DApps can earn income, depending on their application usage. 

The Aragon protocol uses advanced smart contracts which can auto-fulfill and enforce transactions automatically. They use an escrow system to make payments autonomously once the conditions in the agreement are met. Aragon’s protocol also uses oracles to translate real-world contracts into data that can be fed to the blockchain. 

As a platform that enables the creation of DAOs, it’s important to note that the Aragon Network itself is a DAO. Users of the platform participate in its governance, and a simple consensus settles any difference of opinions. As we’ve discussed, jurors solve network disputes which are beyond smart contract control. As with a legal court of law, both affected parties have the right to appeal. Any party dissatisfied by the jurors’ decision can escalate the case to a higher court on Aragon.

Aragon development updates in 2023

Aragon has had a dynamic year in 2023. Here’s an overview of the key developments:

• Token Buybacks Proposal by Co-founder Luis Cuende: In response to a governance crisis, Aragon co-founder Luis Cuende advocated for token buybacks as a solution. He proposed using a smart contract to buy back ANT tokens trading above the 30-day moving average, which was around $3.09 at the time of the proposal. This move aimed to stabilize the token’s market dynamics and reassure investors and stakeholders about the project’s commitment to sound financial and governance practices​​.

• ANT Redeemable for ETH: As of November 2, 2023, a major announcement concerning ANT’s future revealed that ANT tokens are currently redeemable for Ethereum (ETH) until November 2, 2024. This development signifies an important step in providing liquidity options for ANT holders and enhancing the token’s utility within the broader cryptocurrency ecosystem​​.

• Deployment of Aragon OSx Protocol and Aragon App: Aragon has recently deployed the new modular Aragon OSx protocol and a no-code Aragon App on Ethereum and Polygon networks. This deployment aligns with Aragon’s mission to enable fast and accessible experimentation with governance tools. It represents a significant technological advancement, making governance structures more flexible and accessible to a wider audience​​.

• Ecosystem and Community Growth: Despite facing challenges, Aragon continues to maintain an active community of developers and users. The platform has managed to attract attention and investment from several renowned funds, highlighting its potential in the decentralized governance space. This continued support and growth of the community are crucial for the platform’s ongoing development and adoption​​.

• Focus on Decentralized Governance and Organizational Management: Aragon’s core features, including DAO templates, a comprehensive governance framework, and user-friendly interfaces, have positioned it as a popular choice for managing decentralized organizations. The platform’s ability to bypass technical complexities has made it accessible for a wide range of users, from small community-driven projects to large-scale enterprises​​.

• Integration with Ethereum and Further Development Plans: Built on the Ethereum blockchain, Aragon benefits from Ethereum’s security and scalability. The platform is expected to continue integrating with other blockchains, improve its smart contracts and oracle systems, and refine its voting and suggestion mechanisms. These developments are aimed at enhancing the platform’s functionality and user experience​​.

Aragon has made significant strides in 2023, focusing on resolving governance issues, enhancing token utility, and improving its technological infrastructure. The project continues to show promise in the decentralized governance space, with ongoing community support and development efforts pointing towards a positive future trajectory.

Official website: https://aragon.org/

Best cryptocurrency wallet for Aragon (ANT)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Aragon (ANT)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).