Voters on Ethereum App Veto Proposal to Fund Polkadot Blockchain

Aragon token holders have voted to restrict the project's development funds from being used to support work on the blockchain interoperability platform Polkadot.

This past weekend, token holders of Aragon voted on a proposal to further diversify project funds into a new type of currency not yet publicly available for sale.

Aragon Governance Proposal 41 proposes that the Association buy up to $1.5 million worth of DOT tokens, which would be used to further the development of Polkadot.

The DOT token price was not disclosed in AGP 41 for "Legal reasons" according to Aragon One CEO Luis Cuende.

This time, along with AGP 41, a competing proposal was created by Ameen Soleimani, CEO of adult entertainment blockchain platform Spankchain, in a bid to block development of Aragon on any other network than ethereum.

As tweeted out on Saturday, Aragon token holders ultimately rejected both proposals.

Conversely, only 68.71 percent of votes on AGP 42 were against keeping Aragon development focused strictly on ethereum and not Polkadot.

While the Aragon Association will not invest in DOT tokens as a result of Saturday's vote results, individual board members of the Association like Cuende have expressed their intention to buy up DOTs at the privately disclosed price regardless.

Moving forward, Cuende highlighted that he hopes to see a different Aragon developer team that isn't Aragon One take on the initiative of exploring blockchain "Infrastructure" options for the Aragon project more deeply.

"We're working on for the next version of the Aragon client where you basically delegate tokens to another entity," explained Cuende.