Looking to add ANT to your crypto portfolio? You can buy Aragon tokens on Kraken.
The Aragon Network offers applications for managing capital assets and currencies within a decentralized framework. This allows users to create and manage decentralized autonomous organizations (DAOs). This facilitates transparent and collaborative operations, reducing reliance on centralized authorities. As demand for decentralized applications (dApps) increases, Aragon's tools are essential for simplifying governance and securing asset management, making it a key player in the development of decentralized finance (DeFi) and innovative economic models.
Our guide for beginners will help you learn a little more about the Aragon Network and how to invest in its token ANT.
How to Buy Aragon (ANT)
Ready to dive in? Let’s explore how to purchase ANT and unlock its potential within your investment portfolio!
1. Open an online account
The easiest way to purchase Aragon’s token is to open an account with a cryptocurrency exchange or broker that supports Aragon trading. To create an account on a cryptocurrency exchange, visit the website or app, click "Sign Up," and provide your email and password. You'll need to verify your identity with personal information and documents.
2. Fund Your Account
Depending on where you’ve opened an account, you may be able to fund your account with a credit card, bank transfer or with an existing cryptocurrency wallet. Many trading platforms enable users to link their bank accounts for direct deposits or wire transfers. This makes transferring fiat currency such as USD or EUR straightforward. Alternatively, users can fund their accounts using credit cards or debit cards. However, this method may incur higher fees. Follow the instructions for your selected payment method. Enter the amount and confirm any transaction fees.
For cryptocurrency deposits, generate a wallet address from the exchange. Copy this address and send your funds from your personal crypto wallet. Always verify the address and amount before confirming the transaction to prevent any loss of funds.
3. Purchase Aragon (ANT)
After your account has been fully opened and funded, it’s time to place your order to buy ANT. Take a look at the current market price and select an entry point that fits your funding and budget. The cryptocurrency market is always open and operating, which means that prices can change on a minute-to-minute basis. After deciding how many ANT tokens you’re interested in purchasing, place a buy order. The type of buy order that you place will affect the price that you pay per token, and there are multiple types of buy orders that you can use. From here, your broker will carry out the order according to your specifications. If your broker is able to fill your order, you’ll see your tokens in your exchange wallet.
What Is Aragon?
Aragon is a decentralized application that runs on the Ethereum network and allows users to create and manage their own decentralized organization. Decentralized organizations allow users to complete functions and execute commands within a network without incurring many of the budgetary needs associated with traditional network administration.
The Aragon team’s vision is to provide users with a frictionless experience developing and implementing their own decentralized organizations to cut costs and streamline contract executions.
The Aragon Network has a governance token called ANT, which trades on major cryptocurrency exchanges. ANT is an ERC-20 token, which means that holders can store their tokens using almost any wallet that’s compliant with Ethereum. Holding ANT provides users with proportional voting rights that they can eventually use to vote on future network developments.
Brief History of ANT
Developed in 2016, the ANT token entered the market in May 2017 at an initial price point of about $1.47 per token. In 2021, the price of each ANT token is about $12.11 per token, with prices peaking at a price of $14.79 on Apr. 6, 2021.
Aragon currently has an overall market capitalization of about $266 million. It’s ranked as the 159th largest cryptocurrency project when measured by total market capitalization. As of Sept. 5, 2024, ANT is trading for around $6.16
Where to Buy Aragon (ANT)
Not sure where to start your search? You can buy ANT on popular crypto exchanges like Kraken. Alternatively, you can purchase Bitcoin or Ethereum on trusted trading platforms, transfer it to a crypto exchange, then swap it for ANT. Check out our recommended cryptocurrency brokers to begin your journey.
How to Store ANT Safely
If you don’t plan on actively trading your ANT, it’s a good idea to store your tokens outside of your exchange wallet. Storing your tokens in a private wallet helps keep your investments safer by ensuring that your account won’t be targeted in the event that your brokerage is hacked. Private wallets provide you with a personal set of keys that only you can access, which helps keep your investment safer. There are two major types of cryptocurrency wallets: hardware and software wallets: Hardware wallets are physical devices that store your crypto in offline storage. Software wallets are computer or phone programs that store your tokens using private online storage.
ANT is an ERC-20 token, which means it runs on the Ethereum network. This also means that you’ll have plenty of options when it comes to selecting how you want to store your investment. Get started by exploring our favorite hardware and software wallet options for ANT.
- Best Hardware Wallet: Trezor Model T
The Trezor Model T is a cryptocurrency hardware wallet that supports over 1,000 blockchain projects, including Bitcoin and ERC-20 tokens. It offers high-level security, allowing users to carry it anywhere, and makes transferring tokens easy with straightforward connection to a desktop computer for cold storage.
- Best Software Wallet: Coinbase Wallet
Coinbase has launched a software wallet for crypto investors, which supports various ERC-20 tokens, decentralized applications, and other blockchain projects. Coinbase Wallet allows users to easily make crypto payments to friends using usernames instead of long addresses.
Trade, Sell or Convert your ANT
Once your broker closes your order, your final decision that you’ll need to mask is how you want to store your tokens and earn an eventual return on your investment. Most investors take one of three strategies to see a return on their investment:
- Trading: If you believe in the long-term potential of ANT and your goals is to accumulate more tokens, you might want to become an active trader. Active investors invest in an initial selection of ANT tokens and convert them to backed stablecoins (like Tether) when the price of ANT rises. The investor may then take profits from this trade or convert their lot back to ANT with the goal of accumulating more tokens.
- Selling: Sellers take a long-term approach to ANT investing, storing their tokens in a private wallet until the price has risen to meet a specific price target. From here, the investor might sell them for a stablecoin or directly for fiat currency depending on the broker they’re using.
- Converting: If you’re searching for a minor crypto asset that isn’t available on major exchanges, you may want to use ANT as a transitory currency on a wider exchange like Uniswap. The currencies that you can convert to will depend on the exchange you open an account on.
Current Crypto Prices
Keeping track of cryptocurrency prices can help you decide when you want to place your buy order. Get an idea of how some of the top cryptos are moving today using our chart below.
Is Aragon a Good Investment?
If you’re an investor interested in an easy way to put money into the emergency decentralized application sphere, investing in ANT can offer both returns on your initial investment as well as future governance rights on the network. However, it’s important to remember that the currency suite of products is still in its infancy and may see a rocky road of price movements again. To ensure that your initial investment is protected, never invest more money than you can afford to lose in cryptocurrency assets.
About Sarah Horvath
Sarah Horvath is a prominent freelance senior copywriter renowned for her expertise in cryptocurrency. As one of the leading voices in the industry, Sarah’s insightful analysis and comprehensive understanding of cryptocurrency trends have made her a sought-after contributor to major finance sites. With a focus on providing clear, accessible information, Sarah empowers readers to navigate the complex world of cryptocurrency with confidence. Her dedication to delivering high-quality content has established her as a trusted source for cryptocurrency enthusiasts seeking valuable insights and guidance.