Ethereum

Aragon

Foundation

Shield

<p>The Aragon Foundation, a project-building tool for decentralized organizations, recently announced plans to dissolve and distribute remaining treasury funds to holders of its ANT token. This unexpected move will inject over $155 million into the ANT ecosystem.</p>
<p>Market intelligence platform <a href="https://twitter.com/santimentfeed/status/1721627276583006405" target="_blank" rel="noopener noreferrer nofollow">Santiment </a>shared this news and asked people to navigate the price action of ANT carefully.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="347" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-130-1024x347.png" alt="" class="wp-image-371556" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-130-1024x347.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-130-300x102.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-130-768x260.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-130-1536x520.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-130-2048x693.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-130-443x150.png 443w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-130-100x34.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-130-1034x350.png 1034w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-130-788x266.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em>Source: <strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Santiment" href="https://captainaltcoin.com/go/santiment/" data-shortcode="true">Santiment – Start using it today</a></strong></em></p>
<p>According to a November 2nd blog <a href="https://blog.aragon.org/a-new-chapter-for-the-aragon-project/" target="_blank" rel="noopener noreferrer nofollow">post</a>, the AA will distribute 86,343 Ether, worth approximately $155 million at current prices, to ANT token holders before unwinding operations. The funds will be distributed through a smart contract on the Ethereum network, with each ANT holder receiving 0.0025376 ETH (around $4.57) for each ANT they send to the redemption contract.</p>
<p>After all redemptions are complete, the AA will burn any remaining ANT in the contract and officially dissolve. The ANT token will cease to have utility at this point, as the announcement stated.</p>
<p>Of the treasury holdings, $11 million will be transferred to the newly formed Aragon Shield Foundation to cover outstanding obligations and mitigate regulatory risks. The core Aragon team will restructure as a private company and continue building out the Aragon platform. A new Product Council will also be created to help guide product development decisions.</p>
<p>The impending wind-down of Aragon raises questions around ANT’s future price trajectory. On the one hand, the token will lose all utility once the distribution is complete, which could lead to a sharp sell-off. The supply flood as users redeem ANT for ETH from the contract may also depress prices in the short-term.</p>
<p>However, the announcement also effectively transforms ANT into a highly liquid claim on Aragon’s treasury assets. Some investors may accumulate tokens as a pure play on the imminent ETH distribution, potentially propping up or even boosting the price over the next few weeks. Longer-term, ANT faces an existential crisis without a viable project behind it, making a prolonged collapse very likely after the initial payoff hype dies</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/aragon-foundation-to-distribute-155000000-to-holders-is-ants-price-set-to-plummet/" rel="noopener noreferrer nofollow">Aragon Foundation to Distribute $155,000,000 to Holders, Is ANT’s Price Set to Plummet?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Aragon Foundation to Distribute $155,000,000 to Holders, Is ANT’s Price Set to Plummet?

Table of Contents

CaptainAltcoin

Other articles published on Nov 7, 2023

First Digital USD: A Secure and Stablecoin Listed on Binance

Exploring the Buzz: Dogecoin, XRP, and Everlodge Capture Attention

VeChain (VET) Price Prediction: Mid-November 2023

Arc8 | Ready, Set, Game: Play for $120K in Rewards in Arc8 GameFest

Injective (INJ) Climbs Over 1% In 1H, Now Up 120% Since Last Month

Chinese Smartphone Makers Race Against Time to Outsmart Apple and Samsung with Generative AI

Join our free newsletter for daily crypto updates!