Aragon Association dissolves, tells holders to redeem ANT for ETH
The Aragon Association is the steward of the Aragon (ANT) treasury and assets. Token holders have until November 2, 2024 to redeem their ANT tokens for Ether (ETH). 86,343 ETH from the treasury has been deployed for the redemptions, with the rate at 0.0025376 ETH per ANT. Aragon (ANT) holders will have to redeem their tokens for Ethereum (ETH) for the next twelve months, the Aragon Association, a Swiss-based nonprofit supporting the project’s development, has announced. The association is also the legal steward of the ANT treasury and assets. What is happening with Aragon (ANT)? The Aragon Association revealed it was dissolving amid plans to continue the project’s development in a new “product-focused structure.” According to an update from the company, the pivot in focus means there’s no point for users to continue holding ANT. The association has deployed 86,343 ETH for the process, which accounts for 87% of the treasu...