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Aragon DAO votes to sue its founders after they unilaterally decided to dissolve its governing body and reallocate assets. The members of Aragon DAO, a platform that allows developers to create and scale DAOs without coding, have decided to initiate legal proceedings against its founders. This action comes in response
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A decentralized autonomous organization (DAO) is taking legal action against its founding team after a decision to dissolve its governing body and distribute most of its assets to tokenholders.On Nov. 2, the team behind Aragon announced that it would be dissolving the Aragon Association. The group said it’s deploying the organization’s
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Unlike most crypto traders who speculate on price action, RFV traders attempt to collect paydays from crypto projects whose native tokens have fallen below “book value,” or the value of its treasury — as Aragon’s ANT has. A common tactic is to lobby for token buybacks and, in some cases,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Swiss-based firm Aragon Association has abandoned plans to grant voting rights to native Aragon (ANT) token holders over various aspects of the organization’s operation, including its $200 million treasury. The latest development has significantly impacted the DAO-centric
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Aragon, an open-source framework designed to launch decentralized autonomous organizations (DAOs), has pulled plans for its native Aragon (ANT) token holders to be given voting rights over the future direction of the organization.The Aragon Association, a Switzerland-based organization that oversees the management of Aragon said in a May 9 tweet
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“The Aragon treasury was established with the explicit mission of supporting builders to advance decentralized governance infrastructure. Based on Swiss regulations that mandate the use of Aragon’s treasury for its stated social purpose, fiduciary duty compels Aragon Association to secure these funds from those seeking to access them for their
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The open letter escalated a fight already being waged between Aragon, a crypto governance project building tools for decentralized autonomous organizations (DAOs), and a tight-knit group of activist investors critical of project leadership and demanding they give disenchanted investors an exit ramp. Original Source
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A DAO, or decentralized autonomous organization, is a method of governance in which crypto investors vote over how a project is run. Aragon builds tools to help other DAOs operate and is itself partially governed by a DAO. This week it began moving its multi-million dollar treasury toward community control,
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Wismerhill said there are “zero similitudes between” Rook, a project whose product development has been stagnant for months, and Aragon, which is actively building and also has mechanisms to return value to its token holders. “Aragon is only interesting because they could do buybacks” of ANT tokens, he said. Original Source
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Aragon, an open-source framework designed to launch decentralized autonomous organizations (DAOs), has revealed that its infrastructure is now available on the Polygon network. The collaboration between Aragon and Polygon Labs will offer users a cost-effective and accessible solution for creating and managing DAOs. The partnership will enable users to now build
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