Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 100. (Read 395870 times)

I don't have enough Nxt but maybe I will just purchase Ignis on its ICO. Hopefully , after ignis, there will be an influx of childchains flooding ARDOR Platform and pattern its business model like Ethereum
where Ardor is needed as a fuel to transact smart contracts.

If the question is for me, NXT was a great project marred by the horrible distribution and overall greediness of the main holders/developers. Great tech never given a real chance because of those and other circumstances, such as the inability to make it simpler to understand and use and the inability to simply make it KNOWN.

ARDOR is supposed to be the natural evolution of NEXT and, as such, have many more and much improved features. They , the developers, have had over a year to bring this to fruition and so far have not produced anything except for untested pretenses (untested under stress conditions, that is). Even if those pretenses are close to reality when the product finally sees the light there will be in affect already and in very advances stages of development much more advances products by at least half a dozen projects, with many more in earlier stages.

IGNIS I don't even know what it is. It seems to me just another clone token/asset. A necessary part of the con that this entire project has become.

For those who are considering participating in this (con) ICO, so you know where you are throwing your money:

They want you to give them 25-35 million dollars (at current market prices) of which they will keep -through their private, for-profit company, Jelurida-, 3-4 million. The rest will be for promotion, development, bla, bla, bla... of IGNIS/ardor (they say they will contin ue developing NEXT but that's just another con to get rid of their hundreds of millions of NXT at decent prices. They even say that the only thing they will do is give to NEXT tha same features ARDOR will have, go figure. Their own words... So those tens of millions of dollars will be used among other things, to pay their salaries -they will set their own salaries, at their own will and discretion-, to hire developers and promoters and you name it, again at salaries that they approve and you have no say whatsoever in the whole thing. Oh and they will use it to travel around the world promoting the projects (namely private child chains that they will sell to private parties for profit upfront and whose traffic you will carry for peanuts fees (it is in their interest, to make the product they sell attractive, to keep those fees at the minimum). They can spend as much or as little as they choose. Of YOUR money. No explanations, no accountability of any kind. They may choose to work... or not. To hire (friends, relatives, friendly geeks...) or not. They may advance the project, or pretend they will advance it several years from now, or not. And you have no shit to say in the whole shebang. Not only that, they have been quite open and frank about it, so you won't even have the right to complain when you finally wake up.

But there's more: They own, at least the major part of the main 50 wallets -roughly 400 million NXT-. That means they got 400 million Ardor for free. Of course this is not provable but believe me, it is true. And that means they will get, ON TOP of that rain of millions already mentioned, another 200 million IGNIS, which at the price they suggested, will amount to another 12 million dollars... Are you keeping track? No need, really. If you have even a small bit of common sense, you will run away from this con job as fast as you possibly can.

And for the converts, the  ones that say "but this is the same with all other ICOs, you throw money at them with no guarantees... at least here we know who these guys are", well not that you can be convinced... or that I would try, but the truth is that when you participate in an ICO, usually, there's an idea, which is new, more advanced or complete than current projects and a known group of people behind it, with history and credentials (otherwise you are assuming too much risk) who WILL BE CONCENTRATING ALL THEIR EFFORTS on the success of that project of which they retain standard ownership of no more than 15%, so they are as motivated as you are, if not much more, to make the project a success. Here, if the whole child chains brouahaha is a total failure -as it will be-, they still keep the same amount of money you have already given them to do with it as they please. Completely. Without accountability. AND, if the childchains are successful, you still get basically shit (crumbs, if you forge) while they -not you- reap 10s of millions of dollars in profits.

This is the long and the short of the con. Up to you now.

Purchasing JLRDA tokens will require NXT, however users will be able to exchange other cryptocurrencies to NXT conveniently within the Nxt wallet using the integrated ShapeShift and Changelly third party exchanges, subject to availability.

For 1 JLRDA token the participants in the ICO will receive 1 IGNIS coin at the time of the Ardor Genesis Snapshot.

https://www.jelurida.com/ico

There is something I do not understand, is it better to take ARDOR because it will increase much in price in the future? About NXT?

Great project and time to invest because price is very low. With development and news coming Ardor should rise very soon.

Very interesting, I'll take a look - thanks for the information.

FYI, newcomers!
Did you know you can mine NXT (and buy Ardor with it on the Nxt Asset Exchange!) in the Lucky node project?
Computational and bandwidth requirements are very low - some users run it on a Raspberry Pi.
Run the node 24/7 or as often as you can while you work or play.
Join in with the over 100 nodes that are already in the project.

Thank you for your nice answer, I think i should lock down my ARDDR coins until September and hope it will bring me big profit.

https://www.jelurida.com/ico

The Jelurida team is now happy to announce that the legal, technical and organizational preparations for the IGNIS ICO are entering their final stage. The ICO will start on August 5, 2017.

The token sale itself will be conducted on the Nxt blockchain platform. A "controllable currency" called JLRDA will be issued and offered for sale in five consecutive rounds. The price of the JLRDA tokens will be denominated in NXT and will increase at each round. Each round will last one week and there will be at least a one week break between subsequent rounds. The dates, prices, and amounts of JLRDA tokens to be offered for sale will be as follows:

Ignis ICO Schedule
Dates                        JLRDA tokens for sale                  Price of 1 JLRDA in NXT
Aug 05 - Aug 12             60,000,000                                           0.40
Aug 26 - Sep 02                80,000,000                                           0.55
Sep 09 - Sep 16                    100,000,000                                           0.76
Sep 23 - Sep 30                    100,000,000                                           1.05
Oct 07 - Oct 14              up to 100,000,000                                           1.45

The last batch of 100 M JLRDA tokens will be reduced by up to 20 M tokens allocated by Jelurida for promotional and marketing use. Jelurida will keep as NXT 20% (but not more than 40 M NXT) of the NXT coins collected in the crowdsale. Jelurida will convert the rest of the collected NXT to fiat or BTC, but reserves the right to do so in portions, or at a later time depending on market conditions, and in general in a way that will maximize the amount of funding the company will eventually receive when converted to fiat currencies.

In case any batch is sold out before the end of the designated time frame, the next round will still start as scheduled and will not be moved earlier.

If any batch is not sold completely at the end of the designated time frame, the remaining unsold JLRDA tokens will be added to the next batch. If not all of the JLRDA tokens are sold by the end of the last batch, Jelurida reserves the right to decide what to do with the unsold amount depending on the outcome of the crowdsale.

ummmm interesting!!!

Don't miss the latest news from the NXT/Ardor platform (IGNIS, Bitswift, Adel, ebook and much more..)

https://www.nxter.org/nxt-news-july-2017-iii/

Just posted: https://www.jelurida.com/ico

there is no source for that information. Q3 is only what we know

Is there any source of this information, I just want to make sure the exact time when the Ardor platform will launch.  Thank you very much.

Bitcoin is self destructing as many of us have been predicting for years.  Ethereum might end up being the top dog for a while.  We need Ardor to be great competitor in the great crypto-verse.   God I love Crypto. 

Agree. Most likely seeing the low now although that could change depending on what Bitcoin does after 8/1. If that doesn't go well, it could reverberate through the entire ALT market. Even so, things will pick up in the long run, I'm sure of that at least.

I don't want to give out investment advice, but what I personally do when trading is double down when price drops.This is a potentially very risky strategy if you're trading on margin, but I bet most of us are not using borrowed funds (ie leverage) to buy ARDR (cause I don't think that's possible yet). Price movement has already pretty much destroyed all the previous gains and we're back to a price level that has been long standing ~0.05 to 0.08. I'm not sure it can or will go much lower than this unless the other major cryptos drag it down with them.

What do you think now you can buy or better wait for when it falls stronger?

Well it sucks that ARDR prices tanked but hey at least this could be a good buying opportunity.