Want to jump straigh to the answer? You can buy ANT on Changelly.
Offering a suite of applications that allows users to organize around capital assets, tokens or currencies using a decentralized structure, the Aragon Network may provide an invaluable service moving forward in the realm of large-scale decentralized application introduction.
Our guide for beginners will help you learn a little more about the Aragon Network and invest in its token ANT.
What is Aragon?
Aragon is a decentralized application (dApp) that runs on the Ethereum network and allows users to create and manage their own decentralized organization. Decentralized organizations allow users to complete functions and execute commands within a network without incurring many of the budgetary needs associated with traditional network administration.
The Aragon team’s vision is to provide users with a frictionless experience developing and implementing their own decentralized organizations to cut costs and streamline contract executions.
The Aragon Network has a governance token called ANT, which trades on major cryptocurrency exchanges. ANT is an ERC-20 token, which means that holders can store their tokens using almost any wallet that’s compliant with Ethereum. Holding ANT provides users with proportional voting rights that they can eventually use to vote on future network developments.
Brief History of ANT
Developed in 2016, the ANT token entered the market in May 2017 at an initial price point of about $1.47 per token. In 2021, the price of each ANT token is about $12.11 per token, with prices peaking at a price of $13.56 on March 25, 2021.
Aragon currently has an overall market capitalization of about $480 million. It’s ranked as the 139th largest cryptocurrency project when measured by total market cap.
Step 1: Open an online account.
The easiest way to purchase Aragon’s token is to open an account with a broker that supports Aragon trading. A cryptocurrency broker is similar to a stockbroker — when you open your account, your broker will provide you with a trading platform that you can use to place buy and sell orders.
In exchange, your broker will usually take a small percentage of the crypto that you’re buying in the form of a commission. Commissions are typically deducted from the total crypto deposited into your exchange wallet after your transaction is complete.
Depending on where you live, you may have few options when it comes to opening an account with a broker that offers ANT trading. Some of the qualities you might want to look for when you compare brokers include:
- Funding methods: Some brokers offering ANT trading require that you fund your account with an existing cryptocurrency (like Bitcoin or Ethereum). If you’ve never invested in crypto before, you’ll want to search for a broker that allows you to invest using fiat currency.
- Type of trading platform: If you’re a beginner investor, you may want to search for a platform that offers a straightforward buying process. If you’ve traded before, you might want to search for a broker that offers more advanced charting and research tools.
- Availability of other coins and tokens: If you’re only interested in investing in ANT, you can open an account with any broker that supports ANT trading. However, if you’re looking to invest in a wider range of cryptocurrencies, you’ll want to search for a broker that can offer you a 1-stop-shop for investing. To do this, look at each broker’s list of “supported tokens” before you open an account.
Not sure where to start your search? Consider a few of our favorite brokers supporting ANT trading below.
Step 2: Buy a wallet (optional).
If you don’t plan on actively trading your ANT, it’s a good idea to store your tokens outside of your exchange wallet.
Storing your tokens in a private wallet helps keep your investments safer by…