Kraken Cryptocurrency Exchange
- Buy ANT and 50+ cryptocurrencies
- Feature-rich exchange for new and advance users
- Strong security record and customer support
Finder may earn compensation from partners, but editorial opinions are our own. Advertiser Disclosure
How to buy Aragon (ANT)
A quick guide to buying Aragon tokens (ANT) and the real world applications they can be used for.
Aragon aims to tackle the issues faced by traditional, centralized organizations — such as a central point of weakness and the use of expensive intermediaries — by providing a decentralized management platform built on the Ethereum blockchain.
ANT is the native currency of the Aragon platform and will be used for governance as well as to pay for services on the network.
We will look at how to buy ANT, how it works and some of its real world use cases.
Disclaimer: This information is not financial advice or an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrencies are highly volatile and high risk. Do your own research and seek financial advice before buying. Please check with providers if their services are available in your state.
Where to buy, sell and trade ANT in the US
A step-by-step guide to buying ANT
Step 1. Open an account with an exchange that lists the ANT token.
There are a limited number of exchanges where you can buy ANT, including:
- Bittrex
- Changelly
- CoinSwitch
- EtherDelta
- Liqui
- LivecoinNovaexchange
- ShapeShift
- Stocks.Exchange
- YObit
Of these options, only Livecoin and Changelly will allow you to buy ANT directly with US dollars. All the others will require you to buy Ethereum (ETH) or bitcoin (BTC) first and then exchange that for ANT tokens.
Our beginners guide to buying ETH will walk you through the process of buying and holding ETH tokens. If you are thinking of purchasing different coins, note that Ethereum tokens can be used to buy most cryptocurrencies.
An exchange popular with beginners is Bittrex. It has an easy-to-follow user interface and simple two-factor authentication setup. If you are planning to withdraw more than 0.4BTC per day, make sure you enhance the verification of your account which will push the withdrawal limit up to 100BTC per day.
Step 2. Move your ETH or BTC to the cryptocurrency exchange.
Before you can start buying ANT, you will need to transfer the ETH or BTC that you purchased in the previous step to your account on the exchange.
Make direct transfers from your crypto wallet. All you need is the address of the exchange — essentially the account number — where you’ll be sending the funds. This address is the long line of letters and numbers, often found in the “Wallet” tab on exchanges.
Enter the address in your crypto wallet to start the transfer. Make sure you enter the correct address. One misplaced digit or letter will result in you sending the funds to the wrong place without the option of getting it back.
Step 3. Buy ANT
Once you have your ETH or BTC in your exchange account, you’re ready to buy ANTs.
You’ll have two markets, i.e. BTC or ETH. If you are using the Livecoin or Changelly exchange, you will also have a USD market. Go to the market of the token that you are holding, say ETH, and enter ANT in the search box to bring up the current exchange rate and availability of tokens.
Enter the amount of ANT you want to buy. Alternatively, you can specify the amount of ETH or BTC you want to spend and the exchange will do the conversion.
For security reasons, it’s good practice to move your purchased ANT from the exchange wallet to your personal crypto wallet.
Storing ANT coins
As ANT is an ERC20-compatible token, Ethereum wallets can be used to store your ANT coins.
Ethereum wallets come in five different formats, including desktop, web, smartphone, hardware and paper. Our useful wallet guide will help you choose the right format for you.
There are many Ethereum wallets on the market today, but below are some of the more popular options:
- MyEtherWallet
- Mist
- MetaMask
- ETHAddress
How ANT works
Aragon lets users manage their entire organization on a blockchain network. Its main aim is to make it as easy as possible for anyone to a run a business while at the same time eliminating unnecessary intermediaries and organizational bureaucracy.
These organizations will be in the form of a DAO, or Decentralized Autonomous organization, designed to support all the components of traditional businesses, such as accounting, payroll, fundraising, transfers, etc.
The protocol is open source, meaning anyone can develop applications on top of it, and easy to use, so you don’t necessarily have to be a coder to understand it. The ANT token itself has three functions on the network:
- Gives users access rights to the Aragon network
- Serves as a payment method for core services
- ANT will also be used for governance of the network, such as voting
Real world applications for ANT
Aragon states that its mission is to make it easy for people to run a business on the blockchain. To make this a reality, it lists a number of functional applications as part of the core protocol:
- Identity verification. This will help users establish the identity of entities before operating with them.
- Establish ownership. The number of digital tokens of a decentralized organization an investor holds will determine their level of ownership, like with traditional shares. Aragon enables organizations to distribute their own digital tokens.
- Company governance. ANT tokens can be used as a currency for voting on important organizational matters. The more ANT tokens a person holds, the more weight their vote has.
- Fundraising. Companies can issue their own tokens to raise capital on the Aragon network.
- Payment processor. The Aragon protocol provides users with the ability to make and receive payments over a secure network.
- Accounting. By utilizing blockchain technology, Aragon allows transactions and other information to be recorded on a ledger which they state is secure, transparent and immutable.
Key considerations when buying ANT
If you are interested in buying ANT, you should bear in mind that cryptocurrencies are volatile and unpredictable. In particular, some key factors to consider include:
- There’s no fixed supply of the ANT token. New tokens will be created over time as the network funds itself. This does mean that the tokens could be subject to inflation and decrease its buying power.
- Aragon claims to be everything you need to run your company on the blockchain but there are only a set number of functionalities. It’s a module system so further functionality can be built on top of it if needed, but the user will have to develop these functionalities themselves.
- ANT is a functional token with real world use cases. This is a good foundation for possible mainstream adoption and value increase.
- Aragon had the fourth highest token sale at the time of its initial coin offering (ICO), raising $25 million in under 15 minutes.
- The founder, Luis Cuende, is a tech prodigy with a number of accomplishments, including best underage European programmer, listed in Forbes 30 Under 30 and MIT TR35.
- Aragon formed a partnership with 0x (ZRX) to allow Aragon users to interact with any other token on the Ethereum blockchain and with Status.im to capture the multibillion-dollar smartphone market.
Frequently asked questions
What types of organizations can I build on the Aragon platform?
According to Aragon’s official documentation, the platform lets anyone create and manage many kinds of organizations like companies, open source projects, NGOs, foundations, hedge funds and more on the Ethereum blockchain.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
More guides on Finder
-
Binance NFT Marketplace Review and Guide
The Binance NFT Marketplace offers one of the safest NFT marketplaces for creating, buying and selling NFTs.
-
How to buy Ethereum (ETH) with a Credit Card
Credit cards are a popular way for buying Ethereum (ETH). Learn how you can do the same by reading this guide.
-
How to buy Solana (SOL) in 5 steps
Learn how to buy Solana (SOL) with this step-by-step guide and compare various supported cryptocurrency exchanges.
-
How to buy Solana (SOL) with Credit Card
Your step-by-step guide to buying Solana with a credit card.
-
How to buy Polkadot (DOT)
Learn more about the DOT cryptocurrency in this beginner’s and buyer’s guide.
-
How to sell Solana in 4 steps
Learn how to easily sell Solana (SOL) by following our step-by-step guide and compare 10+ crypto exchanges. Get started today.
-
A beginner’s guide to cryptocurrency ETFs
If you’re looking for ways to gain exposure to bitcoin and other digital currencies, cryptocurrency ETFs could be worth exploring. Find out what crypto ETFs are and how they work in this introductory guide.
-
How to buy Litecoin with PayPal in the US
Litecoin is one of four cryptocurrencies now offered by the global payments provider PayPal. Find out how to buy and sell Litecoin as well as the transaction fees involved when purchasing this cryptocurrency.
-
Ethereum is being dogged by high gas fees – here’s how it’s affecting price
Even though Ethereum has faced financial turbulence recently, it is still showcasing gains of +11% over the previous fortnight.
-
Cryptocurrency predictions, altcoins and events to watch in September
Cardano, Solana and Ethereum continue to compete for the crown of best smart contract platform.
Ask an Expert
