Aragon partners with 0x
Making decentralized organizations go beyond Ether
Token sales are not just a new mechanism for fundraising — they're changing the rules of the game. By democratizing access to a new type of asset, token sales are truly aligning incentives for people and organizations around the world.
That's why we made issuing tokens one of Aragon's key features from the first release. With Aragon, organizations could start a private or public token sale and receive Ether in exchange for tokens — fundraising has never been easier for organizations.
However, there were some limitations to conducting token sales in Aragon. Organizations could only accept Ether and there was a limited set of parameters that could be customized in the sale. We realized that Aragon organizations needed more flexibility. For example, Aragon organizations should be able to accept the Dai Stablecoin, Golem Network Tokens, Digix Gold Token, or any other token in a token sale if desired.
So today, we're excited to announce that we're partnering with 0x to allow Aragon organizations to accept and operate with any token. 0x is a protocol for decentralized exchange on Ethereum allowing users to exchange tokens without a central broker — ending the many inefficiencies of centralization by enabling transparent token exchanges between contracts.
We believe in a world of many tokens. Imagine that you have tokens in an Aragon organization in the Company Registry. With 0x, you'll be able to transparently trade those tokens for any other token — including another Aragon organization's token.
Using 0x, we will provide absolute economic abstraction for Aragon organizations. Do you want to run your entire organization with a stable coin? Sure, you'll be able to. For us, this is a huge milestone and we look forward to continue working on it with the 0x team.
For more information about 0x, check out the 0x project blog on Medium and the 0x whitepaper.
To keep up with the progress of Aragon, follow us on Twitter and come chat with us at our Slack.