Aragon Association to dissolve, make 86K ETH redeemable

The Aragon Association (AA), a Switzerland-based non-profit founded to grow Aragon’s DAO platform, will dissolve.

As part of the process, ANT holders will be given one year to redeem their tokens. A total of 86,343 ether will be deployed into a redemption contract, and ANT holders can redeem these tokens at the price of 0.0025376 ether (ETH) per ANT. 

The Aragon project itself will continue to exist, consisting of a product council that will allocate resources and a business entity, made up of the current Aragon OSx team, to carry on development.

The decision to dissolve AA was a private decision made within the team due to legal constraints, the association wrote in a blog…

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