The Aragon Association canceled plans for holders of its $ANT token to control its $200 million treasury, dealing a major blow to the DAO-focused Ethereum startup’s own transition to a decentralized autonomous organization. realDannyNelson reports
The Aragon Association on Tuesday canceled its plans for holders of its ANT token to wield broad voting powers over everything from strategic direction to a $200 million treasury, dealing a major blow to the DAO-focused Ethereum startup’s own transition to a decentralized autonomous organization.
“The Aragon treasury was established with the explicit mission of supporting builders to advance decentralized governance infrastructure. Based on Swiss regulations that mandate the use of Aragon’s treasury for its stated social purpose, fiduciary duty compels Aragon Association to secure these funds from those seeking to access them for their own financial gains. There is clear evidence that the entities involved in Aragon’s attack are pursuing that end.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Heavyweight Hedge Fund Arca Joins Activist Fight Against DAO Builder AragonCrypto investment firm Arca sent a letter demanding Aragon conduct buybacks of its $ANT token, amping up an activist investor fight. realDannyNelson reports
Leer más »
Andretti expects mid-July decision on planned new F1 teamMichael Andretti said on Sunday he expects to know in mid-July whether he can enter Formula One with a new American team from 2025.
Leer más »
The Problem with Planned ParenthoodMany abortion providers feel that the organization is too cautious and too corporate—forcing independent clinics to take the biggest risks.
Leer más »
Was a Giant Penis 'Drawn' Into Lawn Where a King Charles Coronation Party Was Planned?A clear-cut case of 'lawndalism.' We'll show ourselves out ...
Leer más »
EU cancels Israel reception to avoid far-right minister Ben Gvir | CNNThe European Union canceled a diplomatic reception to celebrate Europe Day in Tel Aviv due to take place on Tuesday to avoid giving a platform to Israel's far-right National Security Minister Itamar Ben Gvir, the EU delegation to Israel said Monday.
Leer más »