Aragon Tokenized Court with Aragon Network Juror (ANJ) tokensJanuary 30, 2020
Aragon facilitates organizing and collaborating freely without any borders of intermediaries. Thus making it possible to create a global, yet bureaucracy-free organizations, communities, and companies.
Users will be able to assign tokens, create a new vote, check finance, and make a new payment.
Previously Aragon tweeted: “ANJ pre-activation is now live ahead of the full Aragon Court launch!”
Aragon retweeted: “Aragon Court’s pre-activation closes in 12 days, ending Phase 1 of Aragon Network’s launch On February 10, Aragon Court will heartbeat for the very first time, starting term #1 of the first digital jurisdiction, starting Phase 2.”
With Aragon, it is possible to create an organization in just 5 minutes without any paperwork. However, one size does not fit all, and it is possible to customize organizations by fitting them to needs.
Luis Cuende, Co-founder of Aragon Project, has ambitious plans for the project.
Sydney Ifergan, the Crypto Expert, tweeted: “Cockroaches survive the hype, the crypto winter and the long road to building something meaningful – I Liked the tweet from Luis Cuende.”
Aragon is truly sovereign, and they believe that the freedom to organize is a fundamental human right. The organizations around Aragon are censorship-resistant and sovereign. It is built on open-source software.
Aragon is global by default, as it makes it possible to collaborate with people from all over the world, eventually working towards shared goals. It makes it possible to organize with anyone from anywhere in the world. It is possible to send a vote as quickly as sending an email.
Aragon Starting Its Decentralized Court System
Aragon Court is scheduled to be launched on February 10, 2020. The first class of real jurors will be chosen to adjudicate the cases presented before the court. The court system facilitated by Aragon will deal with “subjective disputes that require the judgment of human jurors.”
To become a juror, one should possess 10,000 staked and activated ANJ tokens. Three jurors will be assigned per case and randomly. The more numbers of ANJ one holds, the better their chances of being chosen as a jury. ANJ stands for Aragon Network Juror (ANJ). The chances for selection will increase based on the size of the holding. Jurors will earn a token reward for ruling on a dispute.
Aragon Network Juror Conversion rate
The conversion rate for the Aragon network token will not be the same after the launch of the tokenized court. The price will change based on the numbers of ANJ tokens activated. If the numbers of activated tokens fall, the conversion rates will also fall.