Is Aragon (ANT) a Good Investment?


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Imagine being able to simplify the creation and management of elements such as blockchain protocols, Dapps, and decentralized autonomous organizations (DAOs). If that sounds appealing to you, that’s what Aragon (ANT) aims to do.

With so many new crypto options emerging on the market, there’s a consistent question surrounding practicality in the real world.

Below is an incredibly comprehensive look at various elements of Aragon (ANT). The goal is to help you decide the extent to which the investment is worth it.

Aragon (ANT) Cryptocurrency Overview For 2022

While organizations are certainly starting to take more of a foothold where the crypto market is concerned, there are gaps in blockchain adoption.

Aragon aims to remediate that, even to the point where standard business functions can take advantage of the blockchain technology’s modular approach.

Eventually, the idea is to create a situation where Aragon acts as a digital jurisdiction, empowering corporations, investors, and entrepreneurs to conduct business activities without a legal nexus in the mix.

What is Aragon (ANT)

The best way to describe Aragon is as an open-source piece of software that capitalizes on the pillar of the Ethereum blockchain to create and maintain its DAOs.

This is probably a good time to explain the DAO concept to those who may be on the unfamiliar side of the fence. Essentially, it’s a piece of software that runs on blockchain technology.

The appeal of DAOs comes from the empowerment users get from collective management of their code via the built-in model that the DAO offers.

Aragon’s network offers the main elements, which are:

  • The network – The organization providing the interconnectivity between the community of DAOs on the platform
  • The association – A non-profit that provides management functionality over revenue raised from Aragon token sales. A part of this management includes allocation
  • The client – A toolkit created for developers to exercise their creative muscles by making customized online organizations. This element allows for transparency in group participation

The History of Aragon (ANT)

W founded in 2016. One of its most notable feats is the securing of an outstanding $24 million in only 15 minutes during its ICO in May 2017.

While the project had potential even before this, one could argue that this outstanding feat provided a launching pad for the kind of recognition Aragon would eventually get.

Initially, the project was run with Luis Cuende at the helm, who is known for some incredible work that led to his inclusion in Forbes’ well known 30 under 30 list.

How Does Aragon (ANT) Work?

Developers are required to use AragonOS to create a DAO. AragonOS is simply a smart contract framework that contains modules allowing for several key functionalities such as fundraising, group-based decision making, and incentivizing contributors to join the community.

Aragon DAOs are characterized by three pre-installed elements in all cases:

  • Tokens – These are the crypto assets that provide structure and membership within a DAO
  • Voting – If ever token holders wish to bring issues to light, vote, and review outcomes, this is the element that allows for that.
  • Finance – Provides resource management for a DAO. With it, participants are empowered to do transaction submissions, review transaction history, and even view what the DAO’s asset balance looks like.

Aragon (ANT) Price Prediction

This is a good time to make the disclaimer that market factors are going to be the ultimate indicator of what happens with a cryptocurrency’s price. Nevertheless, there’s value in reviewing what analysts predict, especially given that these predictions tend to come from a place of expertise.

DigitalCoinPrice has a bullish outlook on Aragon’s future. For 2022, ANT (the actual Aragon token) is expected to hit as much as $5.87, then $7.83 in five years, culminating in a 2030 value of $15.66

Next, there’s WalletInvestor, with yet another bullish prediction. This time, the 2022 outlook has ANT at $4.98, with it around $7.50 at the start of 2025, and a move to $11.00 in five years.

Finally, there’s Gov.capital, which has the most bullish predictions yet. Here, ANT is expected to break the $10 barrier in August 2023, going over the $20 by May 2025, and reaching an incredible $39.98 in five years.

Is Aragon (ANT) worth Buying?

Aragon is undoubtedly a very ambitious project, and it has certainly made notable progress since its inception. Additionally, there have been over 1,400 DAOs created.

Nevertheless, the kind of meaningful adoption that Aragon intended to have is yet to be seen.

With the development team it has behind it, there’s certainly a case to be made for purchasing it, especially given the expected outlook.

Remember that utility is one of the biggest factors, and Aragon has that in spades.

Aragon (ANT) Forecast 

Unlike other cryptocurrencies, Aragon does not necessarily have a fixed forecast. This is largely because of the community-centric design that the project opted for. Therefore, the community’s will largely decides what happens with the currency.

However, analysts do expect big developments, given the past has been characterized by areas of innovation, such as Aragon One, the Aragon Court, Aragon Agent, AraCred, etc.

Where to Buy Aragon (ANT)

Now comes the question that is likely at the fore of your mind if you’ve developed an interest in purchasing ANT. Where should you even look to buy it? Well, the recommended exchanges here consist of Binance, KuCoin, Gate.io, and Huobi Global.

Below is an overview of each of these, including the pros and cons you want to pay attention to. Furthermore, you get insights into how the process works on each exchange.



Binance

If you’ve had any conversation about cryptocurrency exchanges, the chances are that Binance has come up more than once. Considering the trading volume, it has been and continues to be one of the largest cryptocurrency exchanges globally.

While not available in the US, you can take advantage of the Binance.US partner site.

Pros

  • The fees for both instant buy and non-instant buy operations are quite attractive
  • Having been around as long as it has and having garnered so many experiences, the team has been able to allow support for an impressive coin variety, including popular and obscure coin types
  • There is a lot of added value in the form of additional services offered

Cons

  • The internal structure of Binance is not very transparent
  • Account verification is sometimes not a very smooth process

How to Buy Aragon (ANT) with Binance

Registration

You begin the process by setting up a free account on the Binance app or website. The registration process is incredibly straightforward, requiring nothing more than a couple of nuggets of basic personal information and running through the account verification process.

Fund Your Account

After selecting the “buy crypto” option located in the top left corner of the screen, you get a list of the currency types available. You want to select Aragon (ANT) here, which then prompts you to select a payment method.

Confirm Purchase

With payment method confirmation out of the way, you then select how much ANT you wish to purchase, after which you see the equivalent in your fiat currency or source crypto (depending on the payment method you choose).

Review your purchase details and confirm once you are satisfied.

KuCoin

KuCoin, having been launched in 2017, is a pretty well-known name in the cryptocurrency exchange world. Its appeal largely comes from its fee structure when compared to its competitors on the market.

Additionally, the inclusion of an appealing VIP program makes for an excellent selling point.

Pros

  • Trading fees are incredibly low, with an incredible 0.1% being the starting point
  • If you’re interested in trading futures, KuCoin offers support for that
  • The number of assets available to trade is quite vast
  • A very intuitive user experience was created here

Cons

  • Fiat/crypto trading pairs attract higher fees than other types

How to Buy Aragon (ANT) with KuCoin

Create Account

When you go to the KuCoin site, you may be misled into thinking you can buy crypto without creating an account since you can navigate to the purchase page. However, the moment you try, you’re going to be redirected to the login page.

So, you want to start by registering by providing the required information. After this, submit a copy of your government-issued ID to verify your identity

Choose Funding Source and ANT

Select “buy crypto” from the upper left corner and select one of the three available buying options, based on your desire to do a P2P purchase or not.

Next, select your funding source. Note that KuCoin supports over 70 options. Next, select the amount of ANT you want.

Confirm Purchase

Review your purchase parameters and confirm your order once you are satisfied with the purchase.

Gate.io

Gate.io has also been around for some time, considering that its inception dates back to 2013. There is quite a range of currencies available to choose from and it seems to continue to increase as time goes on.

The impressive trading volumes synonymous with the platform certainly make potential traders that much more confident in the platform.

Pros

  • There are allowances made for margin trading throughout the platform
  • The experience that the exchange has had led to tremendous developments
  • There are over 400 trading pairs to take advantage of

Cons

  • The platform is based in China and is not regulated
  • A less than straightforward user experience is presented

How to Buy Aragon (ANT) with Gate.io

Gate.io does not allow you to buy ANT directly, meaning you’re going to need to choose an intermediary currency first, which you then trade for ANT thereafter

Create Your Gate.io Account

The platform has an incredibly streamlined account creation process. Simply enter the brief personal details requested, followed by providing your government-issued identification for verification.

Fund Your Account with an Intermediary Currency

The best recommendation is to use a stablecoin such as USDT as your intermediary. To do this, you could either use your fiat currency to purchase the USDT on Gate.io, or you could deposit the USDT from your existing crypto wallet.

Trade for ANT

Head to the Gate.io trading area and choose the USDT/ANT trading pair. Select the amount of ANT you want, after which you are shown the USDT cost. Once, you’re comfortable, simply confirm your purchase to wrap things up.

Huobi Global

Huobi Global is the final potential exchange covered here for ANT purchases. Like Gate.io, it started based in China and was launched in 2013.

Though incredibly small at the onset, the growth has been tremendous, and the operation is now in several different countries. Note, however, that Huobi would become incorporated in Seychelles, moving away from China over time.

Pros

  • There are over 300 cryptocurrencies to choose from when trading on the platform
  • Customer support is always available to handle queries and concerns
  • Tremendous asset availability is present

Cons

  • The trading fees here are higher than the norm
  • Minimum deposit requirements may apply to transactions, and they can be non-transparent

How to Buy Aragon (ANT) with Huobi Global

Create Your Account

It is almost frightening how similar the Huobi Global interface is to the KuCoin interface. As always, you start with a brief registration process, since only site members are allowed to execute cryptocurrency purchases.

This is concluded with a security verification process, requiring a government-issued ID.

Select Your Desired Currency and Fund Your Account

Click on the “buy crypto” option in the upper left-hand corner of the screen and select “quick buy/sell.” With that, you are then taken to the purchase screen during which you select how much you want to pay and select ANT as your intended currency of purchase.

Choose your intended payment method to fund your account.

Buy Your ANT

Once you’re comfortable with the purchase details outlined, go ahead and click on the “buy ANT” button to confirm your purchase.

Buy Aragon (ANT) with PayPal

KuCoin is the exchange to be used here since it supports PayPal alongside many other payment options. Therefore, the process is going to be just about the same as the KuCoin ANT purchase process.

Create Account

Setup your KuCoin account as directed above in the KuCoin section.

Choose PayPal for your Funding Source

Select “buy crypto” from the upper left corner and select the “Quick buy” or “P2P” option.

Next, select your funding source. One of the options you’re going to notice listed is the “PayPal” option. Select it, after which you get a PayPal authentication popup.

Select your linked payment method from within the PayPal window and confirm. Next, select the amount of ANT you want

Confirm Purchase

Review your purchase parameters and confirm your order once you are satisfied with the purchase.

Buy Aragon (ANT) with Credit Card

Binance is going to be used here as it provides credit card purchase functionality.

Registration

Complete the Binance account registration process as directed above.

Fund Your Account with Your Credit Card

After selecting the “buy crypto” option located in the top left corner of the screen, select Aragon (ANT), which then prompts you to select a payment method. Click on the card option and provide your credit card details for confirmation.

Confirm Purchase

Select how much ANT you wish to purchase, after which you see the equivalent in your fiat currency. Review your purchase details and confirm once you are satisfied.

Buy Aragon (ANT) with Debit Card

Binance is going to be used here as it allows debit card purchases.

Registration

Complete the Binance account registration process as directed above.

Fund Your Account with Your Debit Card

After selecting the “buy crypto” option located in the top left corner of the screen, select Aragon (ANT), which then prompts you to select a payment method. Click on the card option and provide your debit card details for confirmation.

Confirm Purchase

Select how much ANT you wish to purchase, after which you see the equivalent in your fiat currency. Review your purchase details and confirm once you are satisfied.

Buy Aragon (ANT) with Bank Transfer

Binance allows bank transfers, so it’s used for this explanation.

Registration

Complete the Binance account registration process as directed above.

Fund Your Account with Your Bank Account Balance

After selecting the “buy crypto” option located in the top left corner of the screen, select Aragon (ANT), which then prompts you to select a payment method. Click on the bank account transfer option and provide your account details for confirmation.

Confirm Purchase

Select how much ANT you wish to purchase, after which you see the equivalent in your fiat currency. Review your purchase details and confirm once you are satisfied. The transaction time depends on your bank.

FAQs

This is achieved through public token sales during ICOs.

At the time of writing, there are 39,609,523 coins in circulation.

Aragon was founded in 2016 by Luis Cuende and Jorge Izquierdo.

Ant is an ERC-20 token.

Conclusion

There’s certainly much utility to derive from Aragon and many entities have already taken advantage of it. Provided more corporate use can be encouraged, the coin’s potential is theoretically limitless.

Risk Disclaimer

BWCEvent aspires to share balanced and credible details on cryptocurrency, finance, trading, and stocks. Yet, we refrain from giving financial suggestions, urging users to engage in personal research and meticulous verification.