Aragon, a framework designed to facilitate the launch of decentralized autonomous organizations (DAOs), has shuttered plans to give ANT token holders voting rights.
The Switzerland-based organization alleged that investors, including hedge fund Arca, were launching a 51% attack.
Arca’s Open Letter
Aragon was already embroiled in a battle with a tight-knit group of activist investors. These activist investors were highly critical of the project leadership and demanded that disenchanted investors be given a smooth exit ramp. The problem between Aragon and these investors began last week when the protocol banned half a dozen Discord members. Aragon alleged that the banned individuals were not actual community members but rabble-rousers. The list of banned members also included Alex Woodard, a research analyst at Arca.
Woodard took particular issue with such a characterization and stated that all of his questions pertained to transparency regarding important matters such as the t
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