altcoin marathon #5- Aragon (ANT)

ANT market cap ranks at ~100 and is currently worth ~19,000 Satoshi. The token cap is at 39,609,523 with approximately 33 million in circulation. The coin debuted in May 17 or 18, 2017 as an ICO and is first day is considered a big success. The token uses the ether smart contract and during the first day of the ICO 275,000 ethers were exchanged for ANT tokens. Therefore ANT is an ERC20 token.

ANT is used by organizations to construct their own accounting of everything a company requires through the blockchain and hence make everything transparent and organized. For example ANT's platform, which operates on Ethereum, will allow organizations to disclose their financial books within the blockchain. Trust is a very valuable element to have for an organization to be successful. Trust is very difficult to obtain but very easy to be lost.

ANT will also assist owners in organizing their company data to be complaint to local laws and requirements. It will also organize internal data such as meeting notes, fundraisers, and other documentation all on the blockchain. Basically allow a company to catalog their data on the blockchain. ANT is focus to simplfy this process for users hence allowing anyone to use its platform.

My understanding is in order to use the ANT platform one needs to exchange ANT tokens. So the higher the cost of ANT tokens the more value is the ANT platform. The current road map for the platform to be completed is in 2019. So full potential of ANT is still to come.