The Aragon Association has announced plans to dissolve its operations, offering all Aragon (ANT) holders the opportunity to redeem their tokens for ETH at a fixed rate of 0.0025376 ETH per ANT.
In line with the dissolution process, Binance will facilitate the ETH redemption for ANT holders with balances on the platform after October 27, 2024, 23:59 (UTC).
Redemption Process Timeline
- October 27, 2024, 23:59 (UTC):
ANT token balances will be removed from users’ Binance accounts. - November 8, 2024, 23:59 (UTC):
Users will receive the corresponding ETH amounts in exchange for their ANT holdings.
Users unwilling to participate in the redemption must withdraw their ANT tokens before October 27, 2024, 23:59 (UTC). After this deadline, withdrawals of ANT will be unavailable, and users will automatically enter the redemption process.
Important Notes for Users
- Deposits of ANT tokens are now disabled, meaning new deposits will not be credited to users’ accounts.
- Only those with an existing balance of ANT after October 27 will be included in the redemption process.
This redemption is part of the Aragon Association’s treasury allocation strategy as it concludes its operations, marking the end of the ANT token’s availability on Binance. Users are encouraged to take timely action to ensure a smooth transition during the process.
