The Aragon Community has announced plans to wind down its operations by offering all Aragon (ANT) holders the opportunity to redeem their tokens for ETH at a fixed rate of 0.0025376 ETH per ANT.
Aragon (ANT) Holders to Receive ETH Refunds Amid Project Liquidation
In accordance with the termination process, Binance will facilitate the repurchase of ETH for ANT holders who have a balance on the platform after 02:59 on October 28, 2024.
- October 28, 2024, 02:59: ANT token balances will be removed from users' Binance accounts.
- November 9, 2024, 02:59: Users will receive the corresponding amount of ETH in exchange for their ANT assets.
Users who do not wish to participate in the refund must withdraw their ANT tokens before 02:59 on October 28, 2024. After this deadline, ANT will not be withdrawn and users will automatically enter the refund process.
- Deposits of ANT tokens are now disabled, meaning new deposits will not be credited to users' accounts.
- Only those with existing ANT balances after October 28th will be included in the refund process.
This redemption is part of the Aragon Association’s treasury allocation strategy as it winds down its operations and marks the end of the ANT token’s availability on Binance. Users are encouraged to take timely action to ensure a smooth transition throughout the process.
*This is not investment advice.
