RATE Group | Early Tesla and Bitcoin Investor Placing Huge Bet on Cryptocurrency That Surged 154% So …
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Early Tesla and Bitcoin Investor Placing Huge Bet on Cryptocurrency That Surged 154% So …

22 Feb Early Tesla and Bitcoin Investor Placing Huge Bet on Cryptocurrency That Surged 154% So …

Posted at 02:34h in Cryptocurrency News by

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A venture capitalist and early investor in Tesla, SpaceX, Twitter and Bitcoin (BTC) just invested $1 million in a crypto project designed to give anyone the ability to create and manage a decentralized organization.

Tim Draper says he’s purchased 1 million ANT tokens – the currency powering the Ethereum-based platform Aragon.

The team at Aragon says its goal is to simplify the process of running an organization on the blockchain.

The platform includes Aragon court, a borderless and secure dispute resolution protocol for the Internet era. According to Aragon, the platform is designed to handle subjective disputes that can’t be resolved by smart contracts. Human jurors, motivated by financial rewards, are drafted to review disputes. The system also issues penalties if the jurors do not perform and allows people to rule on proposal agreements that affect the future of an organization. No intermediaries are involved.

In a statement, Draper says…

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