The next two phases for decentralized organization tools provider Aragon are set to launch soon, the firm said in a release.The next Aragon phaseThe Aragon Network was scheduled with a three-phase roadmap after its launch. So far, two phases have been successfully completed, with the Phase 3 now underway. And to ensure this goes smoothly without any errors — the team has split the phase into two: Phoenix and Firebird.Per the release, “Phoenix” sees the Interim Governor Council pass the executive powers over Aragon Court to ANT holders. Post competition of this, the native decentralized autonomous organization (DAO), will be governed under a combination of objective and subjective rules.
“The Aragon Network will become unstoppable and financially sustainable. Firebird is the result of deep research into the areas of sufficient decentralization, community currencies, and fund allocation.”
It added that before Firebird, the community will be conducting many fund allocation experiments. Those will help us all in determining Firebird’s implementation.Aragon 101The Aragon team provides tools and products for DAOs to thrive. As of press time, and as noted in the report, Aragon DAOs have more than $350 million in total assets under management that helps govern an economy worth billions of dollars. Using Aragon’s blockchain tools, organizations can create Ethereum-based smart contracts and file-sharing for a building a fully decentralized, peer-to-peer operating system. But that’s not an endpoint: Aragon can also be used to create non-decentralized digital organizations as well.The project is fully open-source and led by the Aragon Foundation based in Switzerland. Its token also serves as a sort of a governance tool that allows holders to vote on its future and how the project must proceed.Demand for its token has increased in the past few weeks, on the back of a strong market for DeFi products. As CryptoSlate reported earlier, three top crypto exchanges listed ANT in a single day last week.
In less than *24 hrs* $ANT has been listed on 3 of the largest exchanges in the world⏱
Big thanks to the teams for their intense push in recent days to make $ANT more accessible for millions of people ?
The announcements ?
— Aragon ? (@AragonProject) August 13, 2020
In the race for DeFi applications, seems like Aragon got a much-needed boost.