Ethereum

Token

Aragon

Polygon

Safety

<ul> 
 <li><strong>Polygon communities can now establish DAOs in just 10 minutes without writing any code, courtesy of Aragon App.</strong></li> 
 <li><strong>Aragon App allows minting of governance tokens and migration of any ERC-20 token, including those from outdated standards.</strong></li> 
</ul>  
<p>In a game-changing move, the Aragon application now enables Polygon communities to set up Decentralized Autonomous Organizations (DAOs) in as little as 10 minutes, and without any coding involved. <a href="https://app.aragon.org">The latest Aragon</a> release has unlocked this zero-cost opportunity, thus revolutionizing the way communities and projects on the <a href="https://www.crypto-news-flash.com/exploring-new-worlds-with-tms-network-tmsn-polygon-matic-and-solana-sol-in-dark-ages-2/">Polygon network</a> can establish their on-chain organizations.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">The new feature on the <a href="https://twitter.com/AragonProject?ref_src=twsrc%5Etfw">@aragonproject</a> App means thousands of Polygon communities &amp; projects can launch their organizations on-chain without writing a single line of code, and at almost no cost <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>Learn how to import your tokens and start governing as a community in less than 10… <a href="https://t.co/Q0GO26u8Mt">https://t.co/Q0GO26u8Mt</a></p> 
 <p>— Polygon (Labs) (@0xPolygonLabs) <a href="https://twitter.com/0xPolygonLabs/status/1676531490602070016?ref_src=twsrc%5Etfw">July 5, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h4><strong>The Aragon App: DAO Creation Simplified</strong></h4> 
<p>Aragon’s application is a vital tool for any team possessing <a href="https://www.crypto-news-flash.com/new-erc-20-token-could-yield-massive-returns-on-ico-presale-investments-1000-roi-per-100-invested-in-golden-crypto/">ERC-20</a> tokens on the Ethereum and Polygon networks. The app simplifies the process of setting up DAOs and organizing governance referendums, requiring teams to merely import their tokens onto Aragon’s dashboard. In addition, the application supports tokens that adhere to older standards, thus opening up decentralized governance to a broader spectrum of tokens.</p> 
<p>The Aragon app has also introduced a minting feature for governance tokens. When users wrap their token in the Aragon app, a prefix “g” is appended to the token symbol, denoting ‘governance’. Unwrapping the token at any given point reverts it back to its original state. This pioneering feature enables the minting and movement of ERC-20 tokens to the Aragon dashboard, aiding the transition towards decentralized governance on various platforms including exchanges, <a href="https://www.crypto-news-flash.com/fbi-issues-security-warnings-for-defi-platforms-cites-several-vulnerabilities/">DeFi platforms</a>, and GameFi apps.</p> 
<h4><strong>SubDAOs and Token Safety</strong></h4> 
<p>Moreover, Aragon’s new release facilitates the creation of SubDAOs, allowing multiple <a href="https://www.crypto-news-flash.com/daos-experience-8x-growth-in-12-months-report/">DAOs</a> to be launched with a single governance asset. Ensuring the security of tokenomics against fraudulent activities, the original DAO alone retains the permission to mint additional tokens.</p> 
<p>The process to establish a DAO or SubDAO on the Aragon app is straightforward and user-friendly. Even with tokens that don’t comply with the ERC20Votes standard, the Aragon app guides users through the wrapping process to vest their tokens with voting capabilities.</p> 
<p>As the era of decentralized governance gains momentum, tools like the Aragon app, in synergy with the Polygon network, are paving the way for a coding-free, streamlined DAO setup process. This innovative approach places the power of decentralized organization in the hands of every <a href="https://www.crypto-news-flash.com/building-the-perfect-crypto-community-dogecoin-shiba-inu-and-caged-beasts-coin/">community</a>, ushering in a new phase of democratized, distributed governance.</p>

Polygon (MATIC) Communities Can Launch DAOs in 10 Minutes Without a Single Line of Code Using Aragon App

Crypto News Flash

Other articles published on Jul 6, 2023

Golteum (GLTM) Revolutionary Features Challenges Uniswap (UNI) and Cosmos (ATOM)

Best DeFi Coins of 2023 | Top DeFi Projects and Altcoins Guide

CFTC Investigators Find Celsius & Former CEO in Violation of US Regulations

TON Wallet Becomes an Encrypted Messenger

Binance Announces Retirement Of Deposit Addresses & Memos In Q3

MATIC Whale Transactions Skyrocket 2,930% as Price Approaches Critical Threshold

Join our free newsletter for daily crypto updates!