Aragon Network Hit with a Series of Resignations

January 8, 2021

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Twelve staff members associated with the Aragon Network have declared their resignations Thursday because of a clear absence of financial transparency. 

In a letter posted on GitHub and partook in the group’s Discord channel, AA administration lead John Light said he was leaving. I at this point don’t perceive the spot that I used to love to work, he composed. I trust it no longer mirrors my qualities, nor the estimations of the Aragon Manifesto. The light was with the AA for a very long time, as per his blog.

Aragon Network is a decentralized autonomous association (DAO) looking to assemble digital courts that make it feasible for associations, investors, and entrepreneurs to work together without a legitimate nexus, as per Messari. The task is supported by the Association and Aragon One, an undertaking subsidized by the Association. 

While Light declined to remark to CoinDesk, he implored in his letter for the AA to distribute all gathering minutes and financials for public audit going ahead. 

Light’s resignation was then trailed by 11 other public resignations of staff members of Aragon One, the revenue driven firm driving the protocol’s development. Pretty much every resignation post in the project’s Discord channel was connected to Light’s letter. The mass migration of Aragon developers was gone before by nearly 52,000 in ether from the project’s 2017 initial coin offering (ICO) moving onto different trades on Dec. 15 and Dec. 22. 

Probably a portion of that ETH, worth $63.9 million at the time of writing, was moved into different other cryptographic forms of money and tokens, especially the dollar-fixed tether or USDT stablecoin. It’s muddled if the mass exchange of assets was an impetus for the resignations. The AA holds responsibility for the group’s ICO assets, as indicated by the Aragon Manifesto, which was the fourth-biggest ICO at the hour of its completion.



Image Courtesy : Pixabay

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