Taken from the NXT FAQ... https://nxtwiki.org/wiki/FAQ#What_is_the_JLRDA_token.3F
6.2 What is the JLRDA token?
The JLRDA token is an NXT token of type "Controllable Currency" which represents the future IGNIS balances on the NXT blockchain. Being a Controllable Currency only the issuer of the currency i.e. Jelurida can sell it, and once sold it cannot be freely transferred between accounts.
and in capital letters at the bottom of the IGNIS page on the Ardor website.. https://www.ardorplatform.org/ignis%E2%80%94first-childchain
"JLRDA TOKENS ARE NOT TRADEABLE AND NOT TRANSFERABLE, ANY THIRD PARTIES TRYING TO SELL YOU JLRDA TOKENS ARE SELLING YOU FAKES."
Topic: IGNIS futures - price 100 times higher than real price - HOW? (Read 195 times)
You can't buy JLRDA post the ICO so the price you are looking at is probably for a fake token.
lol a fake token in the NXT plattform 
Of course you can trade Jelurida in the next plattform! Just click on your assets, where your JLRDA are stored.
Here you can trade them!
You can't buy JLRDA post the ICO so the price you are looking at is probably for a fake token.
IGNIS futures are currently rated at 2.35$
https://coinmarketcap.com/currencies/ignis/
But current price for 1 Jelurida (JLRDA), which will be 1 IGNIS after snapshot, is only 0.0145 NXT which is about 0.02$
This means futures are rated more than 100 times higher than the "real" rate.
How do they calculate the rate of those futures?
Let's imagine the rate of the futures is just fake, this would mean current NXT pump is only due to false expectations.
NXT rate soared to more than 1$.
Of course it still seems to be a good price, if you are expecting a future price of 2.35$, because you only pay 145 NXT for 10,000 IGNIS.
Rate always falls sharply after snapshot, but I guess here we will see a huge dump. Rate could be around 0.05$ within a few days after snapshot, because that's the rate of NXT only 1 month ago (before pump started).
What do you guys think?
https://coinmarketcap.com/currencies/ignis/
But current price for 1 Jelurida (JLRDA), which will be 1 IGNIS after snapshot, is only 0.0145 NXT which is about 0.02$
This means futures are rated more than 100 times higher than the "real" rate.
How do they calculate the rate of those futures?
Let's imagine the rate of the futures is just fake, this would mean current NXT pump is only due to false expectations.
NXT rate soared to more than 1$.
Of course it still seems to be a good price, if you are expecting a future price of 2.35$, because you only pay 145 NXT for 10,000 IGNIS.
Rate always falls sharply after snapshot, but I guess here we will see a huge dump. Rate could be around 0.05$ within a few days after snapshot, because that's the rate of NXT only 1 month ago (before pump started).
What do you guys think?
Jump to: