Just like most other cryptocurrency projects, Auctus is currently managed in a centralized way by a strong team of developers and industry experts. Although we are trying to be as transparent as possible, decision making and certain information remain internal.

At Auctus we believe that our retirement platform should be from the community, for the community and ultimately be controlled and perhaps even be managed by the community to embrace the true values of decentralization. We believe that no stakeholder should have power over our retirement savers and thus decentralization and transparency are key.

Introducing Aragon

Aragon is a project that aims to disintermediate the creation and maintenance of companies by using blockchain technology. In other words, the ownership structure of a company would be fully transparent and registered on the blockchain, as well as voting rights, roles and even accounting. This means that companies are fully transparent, decision making recorded and financial reports immutable.

Integration between Aragon and Auctus

By deploying Auctus on the Aragon Network, it will be possible to protect Auctus and it’s community from any intermediary trying to abuse its power. Furthermore, it will avoid misunderstandings between agents, keeping full record of all decision making and financial decisions. It will also allow Auctus to become truly community driven, increasing the number of stakeholders, as well as decentralizing decision making and operational processes.

Auctus retirement solutions for Aragon driven companies

Aragon is providing the platform to manage organizations of the future. So far their services range from corporate governance to accounting. We believe that there is further potential for Aragon to expand its services, providing further tools to their clients. At Auctus we see strong potential for a solution on providing decentralized retirement solutions to all Aragon driven companies, closing the value chain of Aragon’s service offering.

Next Steps

We are currently creating an instance of Auctus on Aragon Testnet (outdated version currently, new and improved release coming soon) and will enter a testing phase soon. After having had regular contact with Aragon, we intend to further intensify collaboration with the team, giving the developers useful feedback and being part of the movement. We’re hoping to move to mainnet in the near future. If you have questions and feedback on how to make Auctus more decentralized, please get in touch or leave a comment, we look forward to hearing from you.

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