Aragon Q4 Transparency Report

Aragon Q4 Transparency Report

A recap of what has been going on with Aragon during Q4 2017

As per our Transparency Model, we do quarterly Transparency Reports of our use of funds and about the overall progress of the project.

Transparency Framework

This is our main transparency tool which shows our use of funds with human readable descriptions attached to each transaction.

All USD equivalents have been calculated by the price of ETH/ANT at the time of conversion.

Salaries in Q4:

October: 154.91 ETH, equivalent of about $43,994.44 and 1,224.76 ANT, equivalent of $1,861.64

November: 91.06 ETH, equivalent of $39,597.44 and 3,667.08 ANT, equivalent of $8,250.93 as well as 2.41 ETH, equivalent of $594 was paid to a contractor.

December: 84.63 ETH, equivalent of about $60,654.32 and 12,321.74 ANT, equivalent of about $5,753.38

Expenses in Q4:

259.30 ETH, equivalent of around $90,831.46 and 2,356.02 ANT equivalent of around $26,268.06

These include business expenses, payments to a PR agency, conducting an audit for aragon-core and aragon-apps, payments to accountants and payments to a video production team. Included are also things like work equipment to team members, new laptops, office equipment, etc., which are essential for us to work effectively since we're a fully distributed team, each working from a different location.

One of these expenses included us hosting an Aragon Meetup event in Helsinki. Henri from Streamr and Sami from TrueBit were there to present their projects as well, we had lots of fun and thanks to everyone who attended!

Aragon Meetup - Helsinki


We have a repository in our Github for Aragon Governance Proposals where team members and community members can start new governance proposals for the project. This quarter there were two new AGP's started by community member andriytyurnikov, thanks for contributing!


AGP7: Merge Aragon HQ and Community meetings


AGP6: Improved Bribery Resistance in Court Mechanism

AGP8: Adjustable liquid reserves (with reasonable delay)

AGP9: Exponential backoff quorum discovery


Defined in our Community Governance Model, we hold regular public meetings that are livestreamed and available afterwards as recordings in our YouTube channel.

We had monthly Aragon HQ Meetings, but wanted to reduce the amount of time spent in meetings. So they are now integrated into the Aragon Community Meetings as per AGP7: Merge Aragon HQ and Community meetings.

Aragon HQ Meeting 02

Streamed live on Oct 6, 2017

Aragon Community Meeting 04

Streamed live on Oct 13, 2017

Aragon HQ Meeting 03

Streamed live on Oct 27, 2017

Aragon Community Meeting 05

Streamed live on Nov 10, 2017

Aragon Community Meeting 06

Streamed live on Dec 1, 2017


You can find more details about the development progress in our Aragon Q4 Development Update blog post.

Aragon Q4 Development Update - Aragon
Progress of development from the last quarter of 2017

New website

We launched our new website at


New Team members

In Q4 of 2017, 5 new members joined the team! That doubled our team size to a total of 10.

Team Interviews: Luke, Aragon's Research Lead
Luke and I talked about how he got involved with Ethereum and Aragon as well as what he sees that the future holds for...

Team Interviews: Pierre, Aragon's Frontend Developer
I interviewed Pierre about how he came to work at Aragon, his thoughts on the future of Ethereum and tips for aspiring...

Team Interviews: John, Aragon's Community Lead
John joins the team as the new Community Lead

Team Interviews: Brett, Aragon's EVM Engineer
Brett is the most recent wizard to join the team

Team Interviews: Alexa, Aragon's Operations Assistant
Alexa took the leap into the blockchain world and isn't looking back

Aragon Nest

Introducing Aragon Nest
A grants program to support the development of the ecosystem

To help support the Aragon and Ethereum ecosystems flourish, we are introducing, together with Placeholder — lead by Joel Monegro and Chris Burniske — a grants program called Aragon Nest.

The goal of the program is to attract talent to research and build the necessary tooling for developing solutions around Aragon and Ethereum.

More details about the Nest program will be posted here at the Aragon blog soon.

Aragon Press Kit

Aragon Press Kit is now available in the Aragon Wiki for anyone interested!

Press Kit --- Aragon Wiki
Wiki for the Aragon Project

Token Buybacks

We began buying our tokens back a couple weeks after the token sale had closed. The Aragon Foundation has kept occasionally buying more tokens since then.

ANT is a great tool for us to incentivize contributors. Having a wide, varied community of contributors from different backgrounds is important.

More details and reasoning behind the decision to do these can be found in our Token Buyback Transparency Report.

1,600 ETH, equivalent of $504,944, done in two parts of 800 ETH

Ethereum Transaction 0x4e5b9f46780823096f0541c13bafd036546c3e61018a4fef0fec5e6610fd03de
The Ethereum BlockChain Explorer, API and Analytics

Ethereum Transaction 0x1f165c21a6db81285e6e3caacda379929a1adb91c3fbb86fe982e998b287785e
The Ethereum BlockChain Explorer, API and Analytics

800 ETH, equivalent of $264,256

Ethereum Transaction 0x30174392665044c73aa170ddad1791932cd37ad36c47a42a3bc73bd1a7c7c4b6
The Ethereum BlockChain Explorer, API and Analytics

1000 ETH, equivalent of $427,730

Ethereum Transaction 0xc5994de841c2b941ad64df892fc08f9a81c322dcfb6faba0df32b533b19e2d2f
The Ethereum BlockChain Explorer, API and Analytics

A total of 712,199 ANT was bought during this period.