Hi, I am a new NXT holder. Couple of questions.
1: It has been said that Ardor is an evolution of the NXT software. Why would I keep holding NXT instead or ARDR? It seems counter intuitive to me that a fresh new and more prevalent platform can launch without eliminating its previous less advanced version. Won't the launch of ARDR dramatically devalue NXT? (like when a new version of the Iphone comes out)
2: What is IGNIS? I know it will be a childchain or Ardor. But why would I get 0.5 IGNIS per NXT that I hold? And will my NXT still be relevant?
3: Why would IGNIS be distributed to NXT holders rather than ARDR holders? since IGNIS is a child chain of Ardor and not NXT.
This all makes no sense to me. Will there be 3 different tokens all related to the same project? To me this is why NXT has such a hard time gaining value. This is all too confusing. Can't they just move all the NXT tokens to Ardor and just go with Ardor. Stick to one platform instead of 2 and a half.
1.- You are absolutely right. The main reason to keep NXT, and to award it 50% of IGNIS is for the amazingly greedy "team" -you know who they are, or you should- behind this project to award themselves millions of IGNIS on top of their already huge stake in ARDR (free of charge to them also). It is a scheme that they smartly invented about a year ago when they distributed 1x1 Ardor to NXT holders. They believe it worked in their favor, so why not do it again with IGNIS? Now, arguably, they -and NXT holders in general- would have profited much more if they would have just kept things the way they were, with a quick and timely transition to NXT 2.0, but they thought -and initially it worked that way- they would benefit much more this way, so there you are. Mind you, they have come up with yet another greedy scheme to try and get even more money, by having and ICO for the other 50% of IGNIS that also belong to "the team".
2.- The answer to that is very clear: They need you to keep the NXT network strong. And (practically) for free. Otherwise the whole enchilada comes down crashing like a house of cards. So they rather desperately need you to keep NXT until ARDR is fully implemented (and renders NXT obsolete). No, your NXT won't really be relevant at all -but they'll try to keep you tied to it while they themselves unload, which will be swift and quite brutal. Watch.
3.- Refer to #2.
If they would have been a bit honest and a bit less greedy, the NXT project, after the explosion of the last few months in alts, would have a valuation at least 10 times -and probably more- the current one of both NXT and ARDR put together. As it is, not only the valuation remains, by comparison, paltry, but probably going lower. With dozens of very promising projects, some of them realities already, available to investors, why would anyone bother with NXT defies any logic, really... except for the possible perception that it has not pumped yet, which would apply only to really, really dumb money. What a pity.