The Aragon Association, a Swiss-based non-profit organization, has decided to liquidate in order to pay back to its community.
The Aragon Association, which has been discussed for a long time by its community, has taken the final liquidation decision. In the official statement made by the Aragon team on November 2, $155 million worth 86,343 ETH It was stated that the treasury will be liquidated and this will be done so that users can earn returns from ANT tokens.
Under this liquidation plan, users ANT token 0.0025376 ETH They will be able to withdraw in return. According to the statement, to exchange users’ tokens November 2, 2024 They will have until . Once users complete their transactions, all ANT tokens will be permanently burned.
In the past period Aragon DAO against the Aragon Association over disputes regarding its members, ETH treasury, and transparency of the non-profit organization legal action He suggested starting it. This legal action process has not been initiated according to the latest information.
In the details of the statement made by the Aragon Association, it was stated that this is the most efficient repayment rate:
The Aragon Association achieved the best redemption rate it could achieve for all ANT holders by determining the most compliant and tax-efficient way to ensure the continuation and preservation of the project. This decision could not be put to a public vote due to legal restrictions, particularly regulatory risks triggered by token speculation and market manipulation.
According to CoinGecko data, with the influence of news flow %11th devalued ANT $4.93 from level for $4.38 declined. ANT, at the time of writing from $4.51 is being traded.