# Historical token sale

## The public token sale

ANT was initially created and distributed as a result of a [public token sale](https://blog.aragon.org/announcing-the-aragon-network-token-sale-fe83fe36902c) that took place on [May 17, 2017](https://blog.aragon.org/final-token-sale-recap-1ac64ab7cfcd) - starting at [**Ethereum block 3,723,000**](https://etherscan.io/block/3723000) to be exact. Less than 100 blocks later, 275,000 ETH worth of ANT were sold.

Added together with ANT sold in the pre-sale, ANT granted to the Aragon Institution (the Aragon Association) and ANT granted to founders and early contributors, the **total initial supply of ANT** after the token sale is **39,609,523.81 ANT**.

You can read more related information about the token sale here:

* [Aragon Network Token sale terms](https://blog.aragon.org/aragon-network-token-sale-terms-8998f63a3429)
* [Pre-sale transparency report](https://blog.aragon.org/pre-sale-transparency-report-333e310304c/)
* [The Aragon token sale: the numbers](https://blog.aragon.org/the-aragon-token-sale-the-numbers-12d03c8b97d3/)

## Initial supply breakdown

| Party                                 | Amount (ANT)               | % of initial supply |
| ------------------------------------- | -------------------------- | ------------------- |
| Public sale + Pre-sale grant          | 27,726,666.66666666668 ANT | 70%                 |
| Aragon Foundation grant               | 5,941,428.571428571431 ANT | 15%                 |
| Early contributors and founders grant | 5,941,428.571428571431 ANT | 15%                 |

**Initial Total supply**: 39,609,523.81 ANT

{% hint style="success" %}
*The total supply was constant only until the Aragon Network was deployed. From then on, the ANT's issuance policy and inflation rate going forward will be decided by the ANT holders participating in the Aragon Network governance.*
{% endhint %}

**Current Max Total supply**: 43,165,291\*\*.\*\*21 [ANT](https://etherscan.io/token/0xa117000000f279d81a1d3cc75430faa017fa5a2e#code)

## Historical contracts

The public token sale was conducted through a single `AragonTokenSale` contract and supported by multisig:

* Sale: [`0x0cEB0D54A7e87Dfa16dDF7656858cF7e29851fD7`](https://etherscan.io/address/0x0ceb0d54a7e87dfa16ddf7656858cf7e29851fd7#code)
* Community multisig: [`0xcafE1A77e84698c83CA8931F54A755176eF75f2C`](https://etherscan.io/address/0xcafe1a77e84698c83ca8931f54a755176ef75f2c)

For a comprehensive list of Ethereum smart contracts supporting the original token sale, please see [Developers - Historical deployments](https://legacy-docs.aragon.org/the-ant-token/developers/historical-deployments).