Aragon Affiliation to dissolve, will disburse $155M in property to token holders

The governing physique for the aragonOS software program will dissolve, distributing most of its property to token holders within the course of, in response to a Nov. 2 weblog publish. The physique, known as the Aragon Affiliation (AA), will distribute 86,343 Ether (ETH), roughly $155 million on the present worth, from its treasury to token holders because it unwinds.

The funds can be distributed via a wise contract on the community. Every Aragon (ANT) token holder will obtain 0.0025376 ETH ($4.57 on the present worth) per ANT they ship into the redemption contract. In any case redemptions have been made, the physique will burn all ANT held within the contract and dissolve. ANT will not have utility after this level, the publish acknowledged.

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