https://www.jelurida.com/icoThe 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.
