Aragon token sale raises $25 M in under 15 minutes

If you blinked, you missed it.

In less than 15 minutes, 2,403 buyers spent $25 million on Aragon tokens, making the decentralized company management platform owners of the fourth-highest funded crowdsale in history.

Aragon is built on Ethereum and is a management tool specifically developed to disintermediate the creation and maintenance of companies. Needing only the internet to operate, Aragon says it will offer a new, more efficient operation model.

“We are extremely delighted with the success of our token sale and are humbled that the community has placed this trust in Aragon. We now have the resources to hire the best talent and execute one of the most ambitious projects, one which has the potential to create a more equal and fair society,” Aragon cofounder and project lead Luis Cuende said.

Even though Aragon accepted more than 45 currencies through a partnership with digital asset exchange ShapeShift, the full token sale amount was invested into the platform in Ethereum due to the sale’s speed.

In a statement Aragon said:

“The Aragon Network will be the first decentralized autonomous organization whose goal is to act as a digital jurisdiction that makes it easy for organizations, entrepreneurs, and investors to operate. The mission of the network will be the development of the Aragon Core contracts, contract upgradability services for all Aragon Core contracts with a built-in bug bounty mechanism, and a decentralized court system.”

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