There have been many initial coin offering (ICO) projects in recent months, and startup companies have raised hundreds of millions of dollars from Ethereum and Bitcoin, along with soaring cryptocurrency rates.
However, few of us really understand the opportunities offered by Blockchain technology
I met with Luis Cuende, co-founder of Aragon, recently called 25 million euros from the sale of ANT project token, he said Aragon's mission is:
"Efforts to build a globalized world, a place where there are no limits on people, businesses or organizations around the world."
It sounds great, but what does this really mean in the real world?
Luis says Aragon is ahead of its time as a platform for decentralizing transactions and explains that three major user groups will start using the platform when it is released in the fourth quarter of this year:
"The rst group to interact with Aragon is that Blockchain projects will use this platform to manage the product we are ready to apply to these projects."
"The second group will be open source projects." Everyone can contribute to open source projects and pay for project tokens to manage the product being built. The money from these projects is going to be dicult, and we hope to see more progress in the near future. "
The third group will be the distribution companies, for example, in the payment of employees with Etherex tokens.
No exaggeration - no bubbles
Aragon was built on the Ethereum platform , although there was incredible growth but Luis did not think Ethereum's price was high:
"I thought this platform was worth a million dollars a year ago before its value hit $ 13, but now when I see the potential for this technology, I have the opposite idea. I believe Ethereum will be worth $ 1,000 in a few years. "
Luis explained why cryptocurrency is not a bubble:
"Compared to the world economy, crypto is just a small drop in a large lake and this lake is just a small drop in the ocean. The crypto market capitalization of $ 100 billion is not worth anything in the macro economy. Second, crypto has not yet reached any promises. "
An Ant is worth 0.01 Ether , equivalent to 2.5 USD. When the network is operational in the late summer of 2017, it will determine how much ination will be.
There are about 3000 to 4000 individuals possessing Aragon Tokens.
Start with the bureaucracy .
Luis and co-founder Jorge Izquierdo have embarked on a project to combat unfair patent competition, which is extremely important for businesses:
"But we met the bureaucracy when trying to solve this problem. Then there was the event of England leaving the EU and Trump becoming president. "
According to Luis, Aragon's aim was not to remove or solve the rule of the state, but to nd a solution for those who wanted to get rid of the bureaucracy. Luis also believes that through the Blockchain platform such as Aragon, users can create more value, new business methods and more effective than the traditional way.
The inuence of investors
Aragon went through an auction in mid-May. Luis said the ICO should not be compared to the IPO because Aragon sells tokens rather than selling shares to investors.
However, there is a tendency for individuals to invest in these platforms in the same way as traditional Venture Capital.
But the founders of Aragon introduced investors to the project and they were quite interested. Luis said:
"They really believed in Aragon, even before we created this project so they agreed to convert their investment into ANT tokens during the token sale."
"We now have a team of over 10 teams and enough resources to operate in the next 100 years. When the tokens were on sale, we ranked 4th worldwide in this eld. "
Luis and Jorge Izquierdo have sold 70% of the tokens, 15% of the Aragon Foundation, and the rest are distributed among founders, mentors and employees.
But Aragon was not a Blockchain company that Luis was involved in. Along with Tommasi Prennushi and Daniele Levi, he co-founded Stampery, a Blockchain identication tool, to produce legally binding evidence for the likes of Draper Associates, Blockchain Capital, and Boost. VC.
"I often talk to Brayton Williams at Boost, they are very good and very knowledgeable about Blockchain technology."
Increased number of Blockchain developers
A Blockchain expert recently told me that there are more people in this space than there are really talented Blockchain developers in the world.
Luis thought that even less:
"Any of the Ethereal developers that I know also become millionaires. There is now a tendency for research on the coding language of money. "
After all, that is the coding language of money.
But, according to Luis, there are more motivating factors for Blockchain developers than money:
"There are many exciting things happening in the community Blockchain today. One of the most exciting things that are needed someone to build a stable currency tied to the currencies around the globe, and will be based on the price Treating the dollar or euro on the market. " "We are integrating these currencies and projects into Aragon later this year, hoping to eliminate the uctuations that Crypto is suffering."
They plan to use 10-12 full time employees by the end of 2017, everyone working scattered (obviously ..)
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