Objection Of Governance Decision Forces Aragon One CEO To Step Down

Objection of governance decision forces Aragon One CEO to step down. Jorge Izquierdo has made the decision to step down, making this the highest-profile departure from the decentralized governance project after a series of suppossedly controversial decisions.

Izquierdo said in a statement “After some hectic months, I took two weeks completely offline following a doctor’s recommendation. While I was off, a series of decisions were made in the Aragon Association (mainly with respect to governance) that I disagreed both with the decisions themselves and how they were taken.”

The CEO added “There were several proposals to fix this put forward, but there was no willingness to revert or amend these decisions. As a result, no changes were made. This motivated the team to leave, and is also the reason I am resigning.”

However, Izquierdo plans on remaining a member of the Aragon community including staying on the Aragon Association’s board, he said.

Launched in 2016, Aragon’s purpose is to create blockchain-based digital jurisdictions for online enterprises, specifically decentralized autonomous organizations (DAOs). The project managed to successfully raise $25 million in ether (ETH, -3.09%) (ETH) in a May 2017 initial coin offering (ICO) and $850,000 in two private sales with venture firms Draper Associates and Placeholder Ventures.

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