Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake - page 103. (Read 395844 times)

IGNIS distribution

The total amount of IGNIS coins issued will be equal to half of the amount of NXT coins existing on the Nxt blockchain at the time of the Ardor Genesis Snapshot, plus 500 M (five hundred million).

As already promised, approximately half of the IGNIS coins will be reserved and distributed automatically to the NXT holders based on their account balances at the time of the Ardor Genesis Snapshot, at 1 NXT = 0.5 IGNIS ratio.

From the remaining 500 M (five hundred million) IGNIS, 420 M (four hundred and twenty million) will be offered to the general public in a crowdsale (ICO), and 80 M (eighty million) will be kept by Jelurida. The funds raised during the IGNIS token sale will be used for the further development, maintenance, advancement and world-wide promotion of the Nxt and Ardor blockchain platforms, as well as protecting the intellectual property of the code base.

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 near the end of July or early August 2017 (exact date and time to be disclosed at least two weeks in advance).

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 several consecutive rounds. The price of the JLRDA tokens will be denominated in NXT and will increase at each round. Each round will continue one week and there will be at least one week break between subsequent rounds. The first few rounds will be priced attractively compared to the 2:1 snapshot ratio, but the price will increase significantly for the later rounds.

https://www.jelurida.com/ico

God what a mess.

So I should sell my NXT/ARDOR asap?

I don't understand what is this ICO about and how it is related to NXT/ARDOR

No. Do you know what Ardor is meant to be? Read the thread title.

ARDR = main chain (supply: 1 billion)
IGNIS = first child chain. (supply: 1 billion)

I don't know why you are thinking that the supply will increase. That distribution (1 + 1 bn) was communicated from the beginning of the NXT2.0/Ardor plans.

The reason for the child chain model is scalability: Child chains can be almost completely pruned. And so the transaction capacity per kB of blockchain space will be MUCH higher (35 times higher with 100 tx/min, with more tx/min even less) than with Bitcoin. (See the original NXT 2.0 overview, although in this text you won't find the word "Ignis" because the name of the child chain wasn't decided at that moment).

I also have same question as CosaNostra. And what does Ardor have to do with Ignis ICO, how are they related? Sorry for noob question, I'm technologically retarded.

What does this mean for ARDR? Will it's supply increase because of the NXT change to ARDR, and thereby cutting the price of ARDR dramatically or ?? Kind of missing the "If you can't explain it simply, you don't understand it well enough."

The reason behind this all and the benefits that come from it are not easily to come by. 90 percent of the information out there is about the how but not about  the WHY.

If I am sounding like a dumbass you are probably right, but please explain the above to me.

Please

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 near the end of July or early August 2017 (exact date and time to be disclosed at least two weeks in advance).

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 several consecutive rounds. The price of the JLRDA tokens will be denominated in NXT and will increase at each round. Each round will continue one week and there will be at least one week break between subsequent rounds. The first few rounds will be priced attractively compared to the 2:1 snapshot ratio, but the price will increase significantly for the later rounds.

https://www.jelurida.com/ico

Read that launch is september. Is thia accurate?

Buy NXT, while the price has decreased

Anyone can make profits -and do- with the constant and growing influx of so called "dumb" money. But pretending that supply is "less of an issue" is, well just dumb.

Take a look at the most recent action in ETH. Do you think unlimited potential inflation/supply has anything to do with the steep correction? Well, seeing your opinion on this matter, you probably think it's been because of the weather...

https://nxtforum.org/general-discussion/price-speculation/msg233685/?topicseen#msg233685

https://nxtforum.org/core-development-announcements/ignis-ico/msg233682/?topicseen#msg233682

The date is not set yet, at least from my knowledge. I, more than anyone else, would like a date to be set. I get people asking me this everyday, even if it's not my decision to make.

Jelurida has announced more information now though:


We can infer some information from this because they also stated that the ICO will happen late July or early August and that there will be multiple rounds.

The ICO will start near the end of July or early August 2017 (exact date and time to be disclosed at least two weeks in advance).

https://www.jelurida.com/ico

Coin supply is NOT as important to market cap and overall price as you think it it is. As the market grows, supply becomes less and less of an issue. I've already made quite a bit of profit on this project/coin so there goes your argument. Please do some research before posting blanket statements such as this without a deep understanding of what you are talking about.

 

50% of the Ignis coin supply, the first child chain of the Ardor platform, will be sold in an ICO to be performed on the Nxt blockchain. Updated Ignis ICO announcement by Jelurida:

https://www.jelurida.com/ico

you must look at the possible grow of the marketcap
the total coin supply by itself mean nothing, as people with sound logic would guess this by them self. but if you need examples, you can look at ripple, nem or iota. they have very big coins supply, way bigger than ardor, and got enormous gains those last months.

ardor marketcap is still low and have big growth potential

let say it get to the marketcap of nem, 1 ardr would worth 1.4$
let say it get in the 10top coins, the price would be around 20000sat

good luck making any profits with NXT/ARDR/IGNIS with their billion coin supply...

It is not the matter of Ardor alone , it is the matter of all forks.  byteball airdrop  distribution is coming.  So, people sell to link  more coins  to get more free coins. After this the price will come back, IMHO

Yes once the IGNIS snapshot is over I expect an epic dump of NXT. This will only be good for Ardor since it will be given a fair chance to blossom.

Well, this is one of the reasons why the Nxt price has risen over the last weeks. It tripled in price what usually does not happen when a coin is facing a better successor named Ardor.
I assume that the price will skyrock as soon as the IGNIS snapshot date is released. Followed by a price collapse after the snapshot when most money flows back to Bitcoin or Ardor tokens.

I read about this too. The project is running up, a lot of updates in ardor platform. I'm holding since april. I don't have much, but what i have will bring a big profit for me.