Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 65. (Read 941285 times)

Do u mean the ignis ICO? it is over.
check https://www.jelurida.com/ico

I've already seen some similar ICO, why are you different?

what happens with NXT, per day until the month coin NXT getting down?

How long ICO will run dev?

I lost lot money on litecoin too, we are not soo good in trade , trade is not easy like many people think , you have to get in on the right time to make profit.

nxt go to hell.. I lost money in this

Why don't you develop the initial coin NXT rather than creating so many assets ..

In this regard, isn't it an advantage for Ethereum that it is so big that projects choosing it to run their tokens on can be sure it will still exist in 2 years from now while NXT is somewhat declining?! Just would like to hear your opinion on it.

Of course you have enough to plan for the snapshot.
As it is said, the snapshot is expected on Christmas day, just make sure you are ready before that.

Ok thanks , so i download the NXT wallet version NRS: 1.11.9, i still have my nxt on bittrex and i am planning to sent all the nxt to my wallet ,  i am still on time for snapshot ? where i will get the ignis tokens to my nxt wallet? thanks for the info

This is not yet another ICO where some coin is launched, this is the turning point for one established platform to deliver another. And this new platform is, by definition, going to host eventually many different coins because it is a multi-blockchain platform.

NXT, that was born in 2013, is the platform where Ardor was designed and from which it was developed. And it also is used to set the initial distribution of tokens for the new platform.

ARDR will be the main chain token of the Ardor platform. And before it runs on its own blockchain (starting January 1st, with the launch and the Ardor genesis block) it has been initially distributed on, and traded on, the NXT platform as an NXT asset.

And IGNIS is the token for the first child chain (or sub-chain, or whatever you prefer to name it for clarity) that will be hard-coded in the Ardor platform at launch. While the main chain, and ARDR, will be only used to secure the whole platform and generate the new blocks in the chain, IGNIS can be used for all the other things that its predecessor, NXT, can do: issue assets and currencies, send messages, cast votes, define smart transactions, sell digital goods, etcetera. All these features will also be available for any additional child chains that Ardor might include in the future.

The only naming that may appear as unnecessarily confusing is the JLRDA token, a currency in the NXT blockchain that the developers are using for half of the distribution of the future IGNIS coin, the half sold in the ICO. It would have seemed easier for them to use the same name for the token, IGNIS. But I suspect that, if they did not do it this way, it was because the code name IGNIS was already used for a currency in the Nxt monetary system. Or squatted by someone who moved fast and wanted to exploit it. Since these token names cannot be duplicated, the developers had to go for a different token name for the sale.

I understand that this scenario is more complex than other ones you may have seen for other projects being born, but hopefully what I explained can help you to understand that there's reasons behind the apparent complexity.

So with the NXT Blockchain Toolkit, which was recently released, people can easily create assets and currencies that would kind of work like ERC20 tokens? Or would it be independent blockchains, i.e. NXT clones?

In this regard, isn't it an advantage for Ethereum that it is so big that projects choosing it to run their tokens on can be sure it will still exist in 2 years from now while NXT is somewhat declining?! Just would like to hear your opinion on it.

At Nxt block 1630000, expected on Christmas day, a snapshot will get for each account

1) The NXT balance, and will return 0.5 IGNIS / 1 NXT
2) The JLRDA coin balance (the token used in the ICO sale from Jelurida), and will return 1 IGNIS / 1 JLRDA
3) The ARDR asset balance, and will return 1 main chain Ardor token / 1 ARDR

All the supply will be distributed like this, so all the accounts with NXT will get IGNIS. What is important here is that you have the passphrase for the account where your NXT/JLRDA/ARDR are, because the same passphrase will unlock the account in Ardor main net where the new coins have been placed.

In principle everyone should have the passphrase for their Nxt accounts. One exception might be users of the myNXT web wallet, that in order to have the passphrase for the account they operate with myNXT they need to download a wallet backup. Since the myNXT web wallet closes at the end of 2017, all myNXT users who haven't downloaded a copy of their wallet should do it ASAP. This, or sending their NXT to an accout they hold the passphrase for.  

For any other details, see https://www.jelurida.com/ardor-release-timeline

Do we have to keep the nxt in the wallet to get ignes coin? thanks for the info look quite interesting to me

to help me understand there will be a snapshot of the nxt blockchain in dec and for every nxt you get 0.5 ignes?

Yes, they will support it for one year more, at least. They have announced to convert it into an easy to use ICO platform that would compete with Ethereum's ERC20 mechanism (it IS already an ICO platform, but a bit complicated to use).


Ardor price is doing well instead ... and NXT price is now approximately at the value of 1/4 of an ARDR I predicted some weeks ago   I for now have almost only ARDR and IGNIS (JLRIDA) and will look to get some Ignis more before the snapshot in December

nxt off in the near future

after ARDOR and IGnis being realeased, is NXT team still developing this NXT ?
because i see there is no improvement in NXT project after the team launch Ardor and Ignis until now

NXT is one of the oldest and great community, price is getting very low now and i decide to invest for the long term!