Aragon Association to dissolve, will disburse $155M in assets to token holders
The governing body for the aragonOS DAO-creation tool will wind down, transferring its assets to token holders. The governing body for the aragonOS software will dissolve, distributing most of its assets to token holders in the process, according to a Nov. 2 blog post. The body, called the Aragon Association (AA), will distribute 86,343 Ether (ETH), approximately $155 million at the current price, from its treasury to token holders as it unwinds. We have an important update for all stakeholders of the @AragonProject. We passed a resolution to: - Deploy most of the treasury to allow all ANT holders to redeem their ANT for ETH - Dissolve the AA - Continue the mission in a product-focused structurehttps://t.co/S0GjRtzhZJ — Aragon Association (@AragonAssoc) November 2, 2023 The funds will be distributed through a smart contract on the Ethereum network. Each Aragon (ANT) token holder will receive 0.0025376 ETH ($4.57 at the current price) per ANT they send into the redemption cont...