Sunday, January 24, 2021

Aragon One CEO Jorge Izkiardo resigns in protest of ‘governance’ decision – Kindesk

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Aragon One CEO Jorge Izkiardo resigns, becoming most profile Exit From a project of decentralized governance followed by a series of seemingly controversial decisions.

Izkiardo told Kindesk in a statement: “After a few busy months, I took the entire two weeks offline, following the doctor’s advice. “When I was in the Aragon Association (basically with respect to the administration) multiple decisions were made that I disagreed with both the decisions I made and how they were made.”

“There were a number of proposals to fix this, but there was no intention to withdraw or amend these decisions. As a result, no changes were made. It inspired me to leave the team and that is why I am resigning. ”

But Izquierdo plans to be a member of the Aragon community, including being on the board of the Aragon Association, he said.

Launched in 2016, Aragon seeks to create blockchain-based digital jurisdictions for online initiatives, especially for decentralized autonomous organizations (DAOs). The project raised 25 25 million in Ether (ETH) in the May 2017 Initial Currency Proposal (ICO) and about 8 850,000 as two private sales with Venture Farms Dropper Associates and Placeholder Ventures.

Until recently, Arakan One (A1) took part in half of the project. The firm was a recipient of a grant from the Aragon Association (AA).

This role has clearly been occupied following Acquisition Vocadoni, a decentralized voting project from Devot Labs for an undisclosed amount, announced a purchase on Monday.

Before bringing two new members to the board of AA team, AA executive director Dr. Joe Charlesworth And chief legal officer Jose Nuno. Charlesworth and Nuno were both added to the board, along with Izkiardo and Louis Quinn, co-founder of the Aragon Network.

Izkiardo said his resignation was “not related to the acquisition.” Rather, “with the current state of the association, I no longer think that Aragon One can deliver on its promises. I have tried my best to prevent changes in the association so that the team does not leave, but these efforts are felt in deaf ears,” he said.

Qundi Press did not return questions for comment by time.

Izkiardo added, “The biggest disagreement is with the administration of the association and especially with its board.”

As for project funding, the accounts are handled by a multi-sig wallet held jointly by both Izquierdo and Cuende, Izquierdo confirmed. AA recently converted about 52,000 ethers (ETH) (about মিল 50 million) into stable assets (mostly US dollars) to diversify its project portfolio.

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