Ad
News
Aragon One CEO resigns after a disagreement over governance decisions Aragon One CEO resigns after a disagreement over governance decisions
๐Ÿšจ This article is 4 years old...

Aragon One CEO resigns after a disagreement over governance decisions

Aragon One CEO resigns after a disagreement over governance decisions
Join Japan's Web3 Evolution Today

Itโ€™s new beginnings for Jorge Izquierdo, who would continue to be involved with Aragon albeit at a community level.

Aragon governance: Gone the other way

Jorge Izquierdo, the co-founder of the internet community and governance protocol Aragon, announced he was stepping down from the protocol he helped build to be worth over $132 million as of today.

Attributing the decision after being โ€œofflineโ€ for two weeks following a doctor’s recommendation, Izquierdo said that he was dissatisfied with the way certain community decisions were taken in his absence.

โ€œWhile I was off, a series of decisions were made in the Aragon Association (mainly wrt its governance) that I disagreed both with the decisions themselves and how they were taken,โ€ he said in a tweet.

Izquierdo added that there were several proposals put forward to fix the doing, but there was โ€œno willingness to revert or amend these decisions and actions.โ€ He stated, โ€œAs a result, no changes were made. This motivated the team to leave, and it is also the reason why I am resigning.โ€

But despite the departure, Izquierdo said he would continue to be an active member of the Aragon community, push for true decentralization, and try to move the project forward using โ€œany necessary means.โ€

Izquierdo attached a note heโ€™d sent the Association to continue to โ€œfight for freedom,โ€ adding that Aragonโ€™s work was larger than life and that it depended on no single entity or individual. โ€œEven today, I can’t wait to live in this future. Let’s make it happen,โ€ he signed off.

What is Aragon?

Founded in 2017, Aragon aims to provide creators and entrepreneurs with the tools to create a fully decentralized organization/business vertical โ€” using blockchain and its ANT token as a focus.

Using Aragonโ€™s blockchain tools, organizations can create Ethereum-based smart contracts and file-sharing for building a fully decentralized, peer-to-peer operating system. But thatโ€™s not an endpoint: Aragon can also be used to create non-decentralized digital organizations as well.

The project is fully open-source and led by the Aragon Foundation based in Switzerland. Its token also serves as a sort of a governance tool that allows holders to vote on Aragonโ€™s future and how the project must proceed.

Posted In: DeFi, Governance