ARDOR Implements Game-Changing Features In New TESTNET RELEASE

Do you remember, back in the day, the first time you got your mind blown? I remember fondly how that happened to me with Nxt. That blockchain bastard repeatedly blew my mind – sometimes several times a week as it implemented feature upon feature at such a frantic pace. As such, I became a part of the embracing high-level community of Nxters and eventually surmounted the steep learning curve. It was totally worth it but afterward, I became hard to impress.

Released today, a brand new Ardor testnet finally made my brain cells feel a tiny bit explosive again, and it feels great! Not just a tiny bit, actually. The client that lands today is blockchain 2.0 evolution at its finest. Let the popular experts, and all the great blockchain visionaries do their talks. Jelurida just wrote it in code. Again. Let others continue to talk about TPS, ignoring scalability and security, we covered it already. And if you don’t know about Nxt, you should read up.

Ardor 2.0.4e

The Nxt and Ardor core dev team at Jelurida presents to you: New asset control features, multiphased smart transactions, a new API for creating regulated tokens on the decentralized Asset Exchange, and a transaction type that allows asset issuers to increase the number of asset shares in existence. All of this is an addition to all the existing core features and API.

This new Ardor testnet release resets the existing testnet and publishes a new Genesis block that tests the transition of data from Nxt to Ardor, based on a snapshot made of Nxt’s mainnet at block 1558000, shortly after the last JLRDA (IGNIS) exchange offer expired.

The testnet Genesis block timestamp has been set to 00:00 (midnight) UTC time
on Monday, Nov 6th, in order to allow time for users to setup nodes check their balances, and start forging.

From the Nxt blockchain has been transferred the following:

  • Accounts (public keys)
  • Account balances
    • IGNIS balances are based on NXT balances, divided by 2, plus JLRDA asset balances. Each of those has been additionally divided by 2, in order to allocate 50% of the testnet coins to developer accounts for testing purposes. There has been a 10% BITSWIFT asset sharedrop distributed proportionately to all IGNIS shareholders.
  • Account info (name and description)
  • Account properties
  • Account control settings for account control by whitelist with no minimum balance.
  • Account aliases transferred to the IGNIS child chain.
  • Janus, JanusXT, and ComJNSXT assets have been imported.
  • Monetary system currencies have been imported to the IGNIS child chain.
    • Only currency code and name. It will be up to each currency issuer to re-issue the currency with the appropriate properties and re-distribute it to users.

Lior Yaffe kindly asks all of us to check our accounts on Ardor and make sure everything has happened correctly:

If you are only interested in checking your balances head to the Jelurida public node , login using your existing NXT Mainnet account id (no need to login using passphrase) and check your ARDR, IGNIS and BitSwift balances. In addition, check your Janus asset balances, aliases, account properties, currencies, account control and all other entities migrated from the NXT Mainnet according to the changelog.

When you check, be aware that your IGNIS and ARDR holdings have been divided by 2 in this testnet release, so 50% of the tokens can be allocated to dev accounts for testing purposes.

Read all details here.

This was to be expected. Massive work, yes, all as promised and fair for a call to shift from one platform to the N(e)XT, Ardor. Pun intended. There are API changes too, and new API, coders please (you must!) check the change-log.

What made my brain cells begin to feel explosive again then?

New features

Yes, the new features. Nxters run. Run out there and share it with the world!

The change-log for Ardor 2.0.4e presents the following new transaction types – add to them all that the Nxt blockchain’s smart transactions and Ardor’s globally scalable, energy efficient child chain platform design can do, and you will see clearly the size of this gamechanger. This is what the release implements:

Asset control

Allows an asset issuer to control her assets. That’s right. As the issuer you decide who can buy and sell them; a small group of selected people, only KYC verified accounts, perhaps. Or you could send non-transferrable assets to a board of holders and give them voting rights over the asset. How about that. Read it again and let it sink in – with this release you, the issuer, will get complete asset control.

No, it’s not the end of a free market. Ignis is free. It is a new opening that allows all new as well as old running businesses to shift their old backend to Ardor and Ignis and receive all the benefits of the blockchain as a business backend, consumer front-end, and even get it cheaply.

Example:

  • Have an ICO/crowdfunding on Ignis
    Upload contracts and legal documents to the data cloud, time-stamped, hashed, let the KYC compliant accounts of your business partners or angels digitally sign the agreements, this will be documented on the blockchain as well.
  • Issue your asset tokens
  • Decide which rights you want to give to your asset holders, and to your market.
  • Distribute assets, each with the rights attached that you assigned to them. Watch them be traded.

Selected (or all) asset holders can have voting rights. You can pay dividends in any token on the platform; IGNIS, another child chain coin, an € pegged coin, that can be withdrawn with your VISA/Mastercard or just sit in your bank account. Or in other assets, representing bonus points, tickets, whatever fits your business plan. You could even create games with this. It is here.

We welcome this Java code, the Asset Control feature, as one of the best newest addition to the already existing API.

Composite Phasing

Introduces AND, OR, and NOT to Nxt’s Phased Transactions. This, combined with the new Asset Control feature, adds whitelist control over asset holder accounts, you can choose, for example, which asset holders should have the opportunity to vote or even control an account by vote. Even control the whitelist of new accounts. Do you see the better DAO coming?

It also allows for example combining the existing by hash or by transaction approval models with by whitelist, by balance, etc, approvals, which enables doing atomic coupling of transactions (including cross-blockchain) even for multisignature accounts, or with assets subject to Asset Control.

I couldn’t say it better.

The NOT operator allows for dead-man-switch type conditions, where a transaction is executed only if some condition (e.g. revealing a secret) is NOT satisfied.

Source

Asset share increase

With this new smart transaction type, asset issuers can increase the number of assets in existence. Print new money?!!

The new shares are allocated to the asset issuer account, but can then be distributed to shareholders using a separate dividend payment transaction. This allows corporate actions such as capital increases or stock splits to be performed.

Be careful, like we all learned in Economics 101, increasing the supply of money will decrease the value. Take care not to dilute your asset into nothingness.

By-Property phasing

First, if you don’t know Nxt’s feature “Account Properties”, I should fill you in: Account Properties is a Nxt feature that adds the ability to permanently ‘tag’ any account on the blockchain with a small amount of data, like meta-information. Tags can also be deleted by the tagger.

Let’s see what By-Property phasing is:

 

The new by-property approval model allows the transaction execution to be made conditional on the sender account or the recipient account having a specific account property set. If this property is set, the transaction will be executed immediately, else, a second check whether the property is set is performed at the finish height defined. This allows, for example, enforcing KYC by asset issuers, who can define in their Asset Control settings that only KYC-verified accounts, labelled with a predefined account property by a trusted authority (or the asset issuer itself), to perform transactions with their assets.

So with this feature, the blockchain market is regulated.

With this, you can, for example, in the near future, issue an asset on any Ardor child chain, trade it on any child chain, but enforce/be enforced to only let KYC approved accounts trade it on the market. Or choose by country. Or any group. With Ignis, asset issuers and traders can choose whether or not to trade on the regulated market, but we all know: Regulation will be. The new By-Property phasing API makes it not just possible but also easy and cost-effective to develop as a user-friendly service, and yeah, remember, the main purpose for Nxt 2.0, Ardor, was actually to make it globally scalable.

Where does this leave us? Accounts can be tagged by 3rd party KYC service providers or, even better, by governments, may they ever choose to set official ID on accounts and begin using the benefits of the blockchain. Don’t get me started. Secure us, our medical records, money, ID – let us be secured by cryptography. Jelurida’s code does it for them. Give us voting rounds that cannot be interfered with as the result is public, and votes have already been counted by code, see the graph. It’s on blockchain, but energy efficient, secured by nodes all over the world, and while we’re at it – possible. And see, Ardor has, as another first, a solution to the blockchain bloat problem running in production. The first and most tested globally scalable PoS Platform. It’s here, get started.

Sure I am excited. I’m a Nxter. Aren’t you?

Come on, try it!

For newcomers, it may seem weird that scammers and developers collect millions and millions of dollars worth of ETH or BTC in ICO’s, selling their whitepaper only, describing smart contracts they want to invent, code, test, execute, and need us to trust, when old Nxt Cryptocurrency 2.0 already has the functionality that most of them seek. It’s weird that what most of all of these devs and their investors are trying to achieve already exists on Nxt, that now gets further ahead with the scalable and even more beneficent and featureful public Ardor Platform. Yes, it IS weird, that Nxt has been under the radar and ignored by, for example, the larger Bitcoin-paid media for so many years.

The Nxt core devs, Jelurida, has split Nxt into IGNIS, the transactional token of Ignis, the first and unrestricted full featured child chain on Ardor; the mother blockchain that forges all Ignis’ transactions and will give birth to a lot more and take care of all her children (child chains), as well as make sure they keep communicating with each other. This is Ardor. With Nxt being a blockchain 2.0 platform, should Ardor be called blockchain 3.0? Nxt 4.0? Who cares. If you’re just a little familiar with Bitcoin, blockchains and smart transactions, you will realize that you want to test this release.

For those who want to setup an Ardor full node, install the software as usual and start forging, the first block will be generated tonight at 00:00 (midnight) UTC time on Monday, Nov 6th (about 14 hours from now)

If you are installing on top of a previous Ardor release delete first the nxt_test_db folder from C:\Users\<username>\AppData\Roaming\Ardor on Windows, ~/.ardor on Mac and the Ardor installation folder on Linux. If you don’t do that you’ll be left on a fork.

Follow the development closely and take part in the community. Even without the awesome potential that awaits us with this momentous release, it’s always mindblowing development.

 

Ignis ICO Report 8

BTC is on a bull run, to put it gently. Anyone watching crypto charts and price indexes these days see the value of BTC (Bitcoin) skyrocketing up up up; resulting in most altcoins declining in value when pegged against BTC. This story also applies to NXT and ARDR, yet ARDR does extremely well in terms of fiat price.

IGNIS ICO – Final Round

The first child chain of Ardor, Ignis (named JLRDA in the ICO) is still for sale. Less than two days are left in the fifth and final round and it is not too late to participate. Millions of tokens are still available.

Nxter Magazine has followed and covered the twists, turns and the evolution of this decentralized ICO taking place on the Nxt blockchain in our ICO Reports, as well as in our weekly newsletters. Now we take one last look at the state of Jelurida’s ICO.

1.45 NXT per IGNIS, last chance to buy is 04.11.2017.

Live data from the Nxt blockchain

Was the ICO a Success?

Yes, millions of Euros were raised demonstrating public interest. In the first four rounds Jelurida, the company controlling the IP behind Nxt / Ardor / Ignis sold ~260M JLRDA tokens to a very eager public. The crowdsale was very popular in the first batches and rounds, with huge whales buying most in the beginning. But JLRDA tokens are still left over from the fourth round and it looks like millions will be left over from the fifth too. Buy orders are still flowing in daily, though not in the same tempo as in the beginning.

Why?

1) The price ladder

If you do NOT look at the price of NXT, buying now would seem like a bad idea.
But the fact is that NXT is currently the reference currency for JLRDA. You cannot ignore the NXT price.

When NXT decreases in value, so too do the JLRDA tokens.

What investors invest NXT in is the transactional token of the first child chain of the Ardor platform. A featureful public chain with no restrictions, no regulation, fully decentralized, and with several new advantages added on top of the variety of smart transactions (inbuilt, tested and secure smart contracts) that Nxt already offers.

2) The IGNIS airdrop – you can have both NXT and IGNIS

At the Ardor Genesis snapshot, half of all IGNIS tokens will be distributed to investors that hold NXT – 0.5 IGNIS for free per 1 NXT they hold in their account. So, they will get to keep their NXT.

Why would anyone sit tight and hold NXT instead of exchanging it for JLRDA? If NXT is expected to get dumped massively after the snapshot of Nxt’s blockchain this Xmas, isn’t it too high a risk to take?

Well, who knows, maybe it will not get dumped. Nxt is, after all, still an awesome blockchain 2.0 platform.

Lior Yaffe, CEO of Jelurida, commented:

Why would Jelurida stop developing NXT, a stable and mature product with a huge potential? Rest assured, NXT has a bright future, it has been around for almost 4 years and will be around for a long time.

Source

We won’t be able to sell private blockchains unless we have a successful public chain. We all realize this. NXT promoted Jelurida and Jelurida will promote NXT. The challenge is to create a win/win situation and we need your support for this.

Source

And so, in Jelurida’s roadmap it reads:

  • Support for existing community tools and services
  • Develop Nxt as a simple and secure crowd funding solution for new ICOs
  • Nxt blockchain maintenance for at least 3 years after the IGNIS crowdsale
  • Merge features added to Ardor which do not rely on the parent/child chain architecture

JPL

It’s easy to clone Nxt. On Jelurida’s homepage, there is a tool to privately launch and test a Nxt blockchain. And in addition, a Nxt Creation Kit, which makes it a no-brainer to start a new public PoS blockchain that adheres to the JPL license. Wait, is this not open source? Yeah, it is, but as covered here, from Nxt NRS version 1.11.6 and forward, cloners must pay 10% of their new blockchain tokens to NXT holders. This is a defense against the devaluation of the NXT token.

And those that do not want to pay? Well, they can choose an earlier version, but it will not be upgraded.

The international bank, BNP Paribas, is known for using Nxt. After testing it they implemented it. And, for example, Accenture and the NSD (Russia’s National Settlement Depository) use Nxt for testing decentralized voting. And Jelurida will sell private blockchains. Will this devalue NXT? Is it bad? Imho no – it is another proof that Nxt is very, very, secure. For Nxters that use the public chain as well as for banks and the companies that will inevitably follow suit and implement a business solution based on distributed ledger technologies. As Lior said, “Nxt will be around for a long time.”

0.5 IGNIS per NXT, snapshot this Xmas season. The Genesis block is to be forged on Jan 1st, 2018.

That is Jelurida’s treat. On top of your valuable NXT, you will receive an airdrop of 0.5 IGNIS per NXT into your account for free. Like a second Xmas.

3) Ignis is just the 1st child chain.
Ardor is a child chain platform. Someone will issue IGNIS 2, 3, 4 etc.

No.

According to the roadmap, for at least the next year, all child chains will be issued through Jelurida. Yes, Jelurida, the same company that sells and holds a massive amount of IGNIS. The JLRDA tokens still in Jelurida’s account after the ICO will be kept by Jelurida and used as they see fit. And Jelurida has expressed no interest in devaluing them.

Actually, Lior Yaffe’s vision seems to be the opposite:

While the Ardor platform can have multiple child chains with similar features, only the Ignis child chain will be created with no restrictions.

Source: Page 26

Today’s blockchains are Jack of all trades, if you are interested in blockchain voting, your node will still process and store forever all the identity management, asset exchange, ico transactions, iot sensor data, social network messages and every other transaction ever submitted to the blockchain even if you don’t care about them. And this is the main problem that the industry needs to solve.

[Ardor’s] unique parent child chain architecture allows us to separate each application into it’s own child chain and only store the few transactions which are important to the POS consensus algorithm in the blockchain forever. All other transactions can be removed (pruned) and nodes will only track the recent state created by them.

Furthermore, in the future this architecture will allow nodes to focus on specific child chains. This way, we no longer have the requirement that each node process all transactions. Then like the Visa network does today, we can scale to global scale.

Source

So rather than being copied onto other child chains, Ignis will stay unique, at least for a long time. An original non-restricted blockchain with the same features as Nxt, including shuffling of coins, assets and Monetary System tokens for user privacy, a totally unregulated marketplace and Asset Exchange, where you can distribute dividends (even other child chain coins) to asset holders with one click, execute polls among your asset holders, use Phased Transaction to create a DAO, and do even more than with Nxt, as Ignis will interact with all other child chains on the Ardor network. In other words, a great live reference blockchain, and a demonstration of Jelurida’s vision, work and worth, until …

4) Confusion

Then there is Ardor.

We have three coins in play.

$NXT, $IGNIS, $ARDR – picking the right one to invest in IS complicated.

The good old proven, but still under-used NXT, a prime mover in its field: energy efficient, the first 100% PoS, featureful, a best fit for private blockchains and running in production with the international banking conglomerate BNP Paribas (money over borders), used by NSD and Accenture for blockchain based voting security. And cloned and seen on coinmarketcap under a few other names too.

Ignored by the crypto (Bitcoin) media for years, developed with no dev- or marketing-budget, Nxt is all this. And after the ICO has ended, Jelurida has collected the monies to breathe life into both marketing, further development, and new dev education. Should we trust them to do it? I think yes. Because 1) They can. And 2) They do hold a lot of NXT. 3) The more we build on Nxt’s public chain, the better a showcase for Jelurida.

Then we have IGNIS, dubbed Nxt 2.0; will it make Nxt obsolete? Buying IGNIS is buying into the evolution of the Nxt blockchain technology. Janus will move to IGNIS. Adel will. Gabriel Dusil is already doing a great job attending events and private business meetings, all documented here.

For those still asleep, Nxt is a full economical infrastructure on the blockchain. Ignis expands it and devs with just HTML, CSS and .js skills can easily build free as well as paid user-friendly decentralized applications on top of it and even access the whole Ardor ecosystem of child chains. All the inbuilt Nxt smart contracts have been tested in the wild and passed the test as unbreakable. But Ignis will be expanded further. Already when it launches on January 1st it will have lots of extra functionality. 

The forging chain

The Ardor Platform, ARDR the parent chain token. This is the token that will forge and secure all future child chains, the full Ardor ecosystem. Ardor will be able to run as a full node on phones, so the security of the network will be safe.

Bitswift will have its own child chain.

Ignis will, of course, run on Ardor and use ARDR.

Donau Universität will develop several projects on Ardor.

There has been announced BTC and fiat-pegged child chains.

CBT Nuggets is buying 50M ARDR so they can be offering it for validated learning to all of their existing customers at cbtnuggets.com and plans to give away the equivalent of 100ARDR with every download of their new client along with profile creation.

Ardor is well described in the ICO Whitepaper and here.

You can see a technical comparison between Ardor and its competitors here.

This is just the beginning. There is money to hire more world class developers and fund a far-reaching marketing campaign. Also, if someone is dissatisfied, the code is open source and can be cloned, well if the JPL license is followed. A license good for holders. On December 27 Ardor’s source code will be released under the same JPL license.

So should I buy NXT or JLRDA? Or ARDR?

That is a personal decision.

One may not be better than the other, and in some way, they are all deeply connected.

The JLRDA crowdsale ends tomorrow. It will be the last chance to support Jelurida in creating our future, as well as the future value of all coins in the core platform. Remember, regardless of whether or not you participated in the ICO, you will receive a late Xmas present at the New Year of free IGNIS tokens equal to half the balance of NXT you have in your wallet. We are not here to give investing advice, merely to highlight and showcase the many successes and use-cases of the three tokens.

Thanks for reading along. Feel free to spread the word.


 

IGNIS ICO Report 7

Today the 3rd batch of Round 3, with 25 M JLRDA tokens, became available for sale. At the time of writing, there were still JLRDA tokens available.

Finally – some would say – the IGNIS ICO hype calmed down a little. Finally, it is possible to attend the ICO and buy JLRDA without running a full node client, placing several buy-orders in advance, or having to figure out the most advantageous peer settings and transaction fees in order to get a chance to win the over-participated lottery for future IGNIS tokens on the Ardor Blockchain Platform.

ICO: Jelurida [ID 823491988455668070]

Live data from the Nxt blockchain

peter2615

As someone said on the forum in the ICO thread:
In round one 1 NXT = 4500 Sat. 1 JLRDA = 0.4 NXT = 1800 Sat.
In round [three] 1 NXT = 2000 Sat. 1 JLRDA = 0.76 NXT = 1520 Sat.

So, the guy who ran away with all the JLRDA in the first few rounds did not get such a great deal afterall …

Live data from the Nxt blockchain

Either the whale investors

  1. Gave up (as they attended on equal terms with everyone else)
  2. Believe that 1 IGNIS token will be worth less than 0.76 NXT at the current NXT price
    (0.76 NXT = 0.07 USD or 0.0000162252 BTC)
  3. Believe that the price of NXT will rise a lot in the future – keep in mind that by holding NXT you get 0.5 IGNIS per NXT that you own at the snapshot (Q4 2017) and you get to keep your NXT
  4. Decided to invest in ARDR instead of JLRDA
  5. Do not even know about Jelurida’s work and the IGNIS ICO

Let us take a look at the three tokens in play, and you can choose your path to success by choosing which one best suits your interests and needs.

NXT

Nxt launched in 2013 as the first 100% Proof-of-Stake (PoS) blockchain ever and has run stable ever since. Over the years Nxt was optimized with built-in smart contracts that anyone can use “as is” or use them to build their decentralized applications with – without risking their investors’ money or the security of the blockchain, as no 3rd party code is added to the blockchain. Nxt’s smart transactions are rigorously tested in production and can be accessed using the Nxt API, which supports over 200 request types. Nxt is coded in Java, the leading industry standard language for corporate applications. The Nxt platform is open source for its open and supportive community. Nxt is called the “Swiss army-knife” of crypto, undervalued in the markets, and technically ahead of the competition.

With the new JPL license, owners of NXT are entitled to receive 10% of tokens from clones of Nxt.

https://nxt.org
https://nxter.org/tutorials
https://nxter.org/newsletters

IGNIS

Ignis will be the first child chain on Ardor. Ignis will have all of the features of Nxt, except for forging – it will be secured instead by Ardor’s main chain. Users of Ignis get UNRESTRICTED ACCESS to all existing and future Ardor child chain features. Do not expect unrestricted access from any other child chain in the ecosystem, as their creators may restrict those. Ignis will constantly be pruned (no blockchain bloat – means: globally scalable) and will feature cross-chain transactions, e.g., token and asset trading, and access to custom features on any other child chain. JLRDA, the non-transferable token sold in the ICO, represents the monetary unit and transactional token of Ignis, IGNIS, 1:1. JLRDA tokens will convert to IGNIS automatically at the Ardor Genesis Snapshot.

https://jelurida.com/ico
https://www.nxter.org/tag/ignis-ico/
https://www.jelurida.com/ardor-nxt-feature-comparison

ARDOR

Ardor is Nxt 2.0 and is best described as a Blockchain-as-a-Service (BaaS) platform, currently running on testnet. Ardor is the main chain that will secure, bundle and forge all transactions on the network of child chains. Ardor will make the features of Ignis available to other child chain creators, but restrictions can be placed if certain features are not desired, such as shuffling of tokens, the unrestricted decentralized marketplace or the unregulated asset exchange. Child chains will have their own operational token so users will not have to buy “gateway tokens” such as NXT, ARDR or ETH to use them. Child chains will be prunable and will not have to be bootstrapped, as they are secured by Ardor. Child chains can be spawned and customised with help from Jelurida, but the ability to create new chains will eventually be integrated into the software as a DIY module. For those that like account and ID regulations and restrictions – Ardor is the place to be. For those that like to forge all child chain fees – Ardor is the place to be.

https://www.ardorplatform.org
https://nxter.org/ardor-blockchain
https://www.jelurida.com/sites/default/files/JeluridaWhitepaper.pdf


 

 

Live data from the Nxt blockchain

ARDOR introduction video

Q4 2017

  • Ardor mainnet launch
  • Migration of ARDR balances from the Nxt blockchain asset to the Ardor Genesis block
  • Spawn of the IGNIS child chain based on NXT and JLRDA balances
  • Spawn of Bitswift child chain with 10% share drop to IGNIS holders
  • Spawn of BTC, EUR, and USD pegged child chains backed by 3rd party business entities

ICO’s are hot right now, and the choice is hard if you have money to invest. The choice is entirely up to you – supporting any chain supports Jelurida, the company that owns the IP for the above tokens.

Right now, the JLRDA tokens are for sale on the Nxt blockchain and will be automatically swapped for IGNIS tokens on the Ignis child chain when Ardor and Ignis are launched together in Q4 2017.

#nofomo

You need NXT to buy JLRDA. The most secure and the recommended way to buy JLRDA is from the IGNIS Token Sale link in the NRS Client, currently running V1.11.9.

You can use Jelurida’s online Nxt node or download and run the client locally – as light (no blockchain download) or full node. You can also use Nxt OFFLINE to create cold storage accounts to buy IGNIS.

JLRDA tokens cannot be transferred or traded until Ardor is launched – do not fall for scams.

Stay tuned for more up-to-date coverage on the ICO. We will explain in more detail about Jelurida, Ignis, Ardor, and everything else that is pertinent to this ICO. We won’t give trading advice.

Follow us on Twitter for breaking updates. And please help us grow as we continue to provide our readers with excellent and focused coverage on the ever growing blockchain space by rewarding us for our efforts – Donation address: NXT-TK9J-MEKH-MUP9-HFCH2.

This article is for educational purposes only. It is advisable never to invest more than you can afford to lose.

IGNIS ICO Report 6

Round 3 of the IGNIS ICO is underway, and the first batch has already sold out. Interest is high in this ICO, and that is good news for Jelurida and the entire Nxt community. The third round of the crowdsale is divided up into four offers of 25 M JLRDA each, all priced at 1 JLRDA for 0.76 NXT.

JLRDA batches will be sold according to the following schedule:

Sat, Sep 9th between 06:45 - 07:15 UTC
Sun, Sep 10th between 18:45 - 19:15 UTC
Tue, Sep 12th between 06:45 - 07:15 UTC
Thu, Sep 14th between 18:45 - 19:15 UTC

The exact time within each 30-minute interval is randomly determined. Jelurida reserves the right to modify the above schedule in case of circumstances beyond its control.

The IGNIS ICO is, in essence, a barometer of the public's interest in the Nxt and Ardor Platforms. With Ardor due to launch in Q4 of this year, Jelurida needs to know how to split up their limited dev resources. The funding raised by Jelurida, which owns the IP for Nxt / Ardor / Ignis is directly going towards actively developing Nxt. So far Jelurida has procured enough funding to actively support Nxt for, at least, the next three years.

The ICO so Far

The highlights of Round 1 in early August were the whale "MAAC" eating up the entirety of the first couple of batches. He accomplished this through clever use of the Nxt blockchain protocols. Within 48 hours Jelurida senior developer, Lior Yaffe, released a patch to prevent similar occurrences: NRS client V1.11. 7. The Nxt platform now allowed for scheduling transactions up to 24 hours in advance.

Like the first round, Round 2 sold out in seconds. The current and most stable NRS client is V1.11.9.

So far every round of the ICO has sold out before the JLRDA sell offers had posted! Since the demand for the IGNIS ICO is still higher than the supply, the way to have a shot at getting JLRDA is to schedule your buy transaction in the NRS client 24 hours before the batch is officially for sale.

REMEMBER - Jelurida is the ONLY source of official information about the IGNIS ICO. All info here is directly provided by Jelurida. 


Ignis ICO Report 8

By apenzl | 03/11/2017

BTC is on a bull run, to put it gently. Anyone watching crypto charts and price indexes these days see the value of BTC (Bitcoin) skyrocketing up up up; resulting in most altcoins declining in value when pegged against BTC. This story also applies to NXT and ARDR, yet ARDR does extremely well in terms of … Read more

IGNIS ICO Report 7

By apenzl | 13/09/2017

Today the 3rd batch of Round 3, with 25 M JLRDA tokens, became available for sale. At the time of writing, there were still JLRDA tokens available. Finally – some would say – the IGNIS ICO hype calmed down a little. Finally, it is possible to attend the ICO and buy JLRDA without running a … Read more

IGNIS ICO Report 5

By apenzl | 30/08/2017

Is your bid order in place? Popcorn ready? Tomorrow, on Thursday, Aug 31st between 18:45 – 19:15 UTC, the last batch of Round 2 in the IGNIS ICO is offered. That’s the last of 4 batches, each counting 20M JLRDA tokens. The price is 0.55 NXT per JLRDA – the token that will swap 1:1 … Read more

IGNIS ICO Report 4

By apenzl | 24/08/2017

And so, the hunt for JLRDA is about to resume. Round 2 of the IGNIS ICO will kick off Aug 26 between 06:45 – 07:15 UTC The price will be 0.55 NXT per JLRDA, with 80M JLRDA tokens for sale in this round. Anyone who did their due diligence will know: Ignis will be launched with … Read more

IGNIS ICO Report 3

By apenzl | 10/08/2017

Only 1 batch left of Round 1! UPDATE: no JLRDA left from Round 1!  Round 2 will begin on August 26. And so, here’s a re-cap, as the hunt for cheap JLRDA continues… Early NXT investor ‘MAAC‘ has taken much of the limelight as he overruled “normal” participants by using the advanced features of the … Read more

IGNIS ICO Report 2

By apenzl | 07/08/2017

Did you hold your breath? Never mind, the second 5M batch of the IGNIS ICO got snatched by MAAC the Whale. And also most of the third. But look at this now: Live data from the Nxt blockchain 69 new buyers got their hands on JLRDA  – no ninja tricks, no bots, just by using … Read more

IGNIS ICO Report 1

By apenzl | 05/08/2017

The long awaited crowd sale of the IGNIS token has begun. For sale are 440,000,000 Jelurida tokens (JLRDA) out of 1,000,000,000 total. The Nxtchat.slack has been buzzing for weeks with anticipation and discussions of how to get your hands on these JLRDA tokens and this article contains some important information pertinent to your investing decisions. … Read more

Ardor is about to launch, and the revolutionary parent - child architecture will solve many blockchain problems. Follow us on Twitter for important breaking updates during the week as they happen. Learn more every Monday with the release of the weekly Nxter Newsletter. We explain in more detail about Jelurida, Ignis, Ardor, and everything else that is pertinent to this ICO. Stay tuned and stay informed, dear readers. See you back here next week!

Help us grow and help us continue to provide excellent and focused coverage on the ever growing blockchain space by rewarding us for our efforts. Donation address: NXT-TK9J-MEKH-MUP9-HFCH2.

NXT

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IGNIS ICO Report 5

Is your bid order in place? Popcorn ready?

Tomorrow, on Thursday, Aug 31st between 18:45 – 19:15 UTC, the last batch of Round 2 in the IGNIS ICO is offered. That’s the last of 4 batches, each counting 20M JLRDA tokens. The price is 0.55 NXT per JLRDA – the token that will swap 1:1 for IGNIS tokens when the Ardor Genesis block is created in November 2017. Each and every single batch until now has been sold out in 1 block.

For your reading pleasure, fellow Nxters, let’s quickly touch base with the nxtchat.slack Round 2 experience:

1st batch:

amsi [8:53 AM]
now !!!!!!!!!!!!!!!

martis [8:53 AM]
now!!!!!

gabriel [8:53 AM]
woooo

strophy [8:55 AM]
lol that went fast

josenxt [8:56 AM]
39,703.93 fee in that block? :scream:

lordcameltoe [8:57 AM]
how will I know if my transaction worked?

peter2615 [8:57 AM]
you wait… until next block, to see which offers got filled

As demand is a lot higher than the supply of JLRDA, and as the crowdsale is being held on a decentralized platform, executed under the rules of the blockchain, there were investors that didn’t get lucky. The rules are clear though and people’s different attempts to take advantage of them in the lottery, are transparent as well.

Logan summarizes:

You have to be in the same block, as the JLRDA TX. The capacity of one block is 255 TX. Higher fees are priorized to get in the block and the JLRDA TX will have a fee of 5 NXT. Thats the information you need to make a decision. But there is no right or wrong. Depends on what other people are doing.

riker [10:43 PM]

What happened in practice today was that one account NXT-GJE7-KWDJ-SFWJ-APQ6S tried to game the system by submitting many transactions with 5.2 NXT fee. I’m not sure what was his calculation. What it did is that it delayed the Jelurida transaction to the next block. But we anticipated this in advance and double checked that this does not provide any advantage to anyone.

bitcoinpaul [3:36 PM]

what can we learn from that?
dont bloat the chain with high fees, guys.

Riker

It’s a game theory problem; if everyone submits their transactions with 4 NXT fee, and a single guy with 6 NXT, this guy has an advantage. His transaction, the offer, and as many as can fit from the rest will fit in the block.

If everyone thinks this way and submits their offer with a fee of 6 NXT, all will lose, since their transactions will be included in a block before the sell offer.

forkedchain [5:33 PM]

For the latest JLRDA sell offer, there were 4 completely full blocks, each with 233 TXs, and an additional one with 58 TXs. There were 484 unique accounts that sent TXs in those 5 blocks.

2nd batch:

logan [9:01 PM]
dingdingdingding

vintash [9:08 PM]
yyyyeeees
im in!!!!

mroenne [9:08 PM]
Finally :sunglasses:

vintash [9:09 PM]
yeeeees

gabriel [9:09 PM]
YEAAAAAAH

marenkar [9:10 PM]
Whoa that’s a lot of people who got in this time.

peanut [9:12 PM]
Finally I’m in. I also noticed odd fee sizes, so I used one too just for good luck hehe

eu58 [9:14 PM]
I put 4 NXT for the fee and succeeded!

martis [9:18 PM]
I put 2 scheduled orders and both were filled. Fee was 4.9. No bot, no API, just used “Ignis token sale” link. Previous rounds were unsuccessful for me. As I reached my limit for buying Ignis, I will not participate in other rounds, so more chance for others.

forkedchain [9:53 PM]
I sacrificed a ton of ants just yesterday. ran over a huge ant bed with my mower while cutting grass, AND IT WORKED I GOT SOME JLRDA TODAY!!

logan [10:54 PM]

If i use a node with a comparatively bad connection and you use one which is a few milliseconds faster to publish the Offer TX, the chance that my orders will be filled is nearly zero, isnt it? or at least much worse compared to others

riker [10:55 PM]

Assuming you did everything else right, the more central and well connected your node is you’ll have better chance.

If you are the forger, even better, since then you have no latency.

forkedchain [11:47 PM]

well, it looks like some of my forging pool members were big winners today – all of a sudden my pools forging power has dropped by 5M.

My pool forged the golden block again. I wonder if some pool members had set up my pool as a well-known peer, and that’s why they won.

In lots of my previous attempts, my transaction was in the same block as the SELL, but at an earlier index position in the block. So I didn’t get anything. That means my latency to the forger was really good, but the forger’s latency to the p2p network (network as a whole) whereby that SELL transaction eventually found its way to the forger, was high – its all luck.

Batch 3:

jesus [8:54 AM]
woohhaaaa

thewiremaster [8:54 AM]
Go! https://nxtportal.org/monitor/

josenxt [8:55 AM]
269 unconfirmed transactions!

peter2615 [8:56 AM]
wow… NXT-3CJT-YF6A-VJ5D-DNSWR

gabriel [8:58 AM]
LOL, who was complaining about there not begin enough small transactions

mikevanegan [8:58 AM]
Booya worth getting up 2am. 295,000 JLRDA

peter2615 [8:58 AM]
lol @ NXT-GJE7-KWDJ-SFWJ-APQ6S

shugo [9:02 AM]
omg I finally got in, 4.9 fee
@all with no luck, dont give up (I almost did…)

vizanto [9:03 AM]
Your JLRDA balance 47,840 !!!!!!!!
this was my 3rd try

yelth [9:07 AM]
this was my 15th 🙁

winiusty [12:07 PM]
Hi guys, I bought while sleeping lol
strange feeling

gabriel [3:20 PM]
only problem is the people who couldn’t get in until now and are frustrated, which is totally understandable, but as time goes by, more and more of these people are getting their orders fulfilled, so it will eventually work out just fine, imo

yelth [3:22 PM]
Potentially, but I can just as easily see there as being huge problems with it later on.

potshot-rsa [3:45 PM]
I got my IGNIS at 2017/08/09 8:59:12. I’m in South Africa with a 4Mb/s ADSL connection.

jesus [3:23 PM]

@yelth, i stopped worrying about it. it´s what it is. every other setup would have been stretched to the limit as well. I can see the jelurida marketing machine start working, that´s my main concern. looking at my ARDR and NXT investment, the ICO is a good thing. if i can´t get in cheap, so be it.

And so…. 1 batch left of Round 2. Join nxtchat.slack to ask questions and take part in the discussion. And if you wonder what all the fuzz is about – oh man. The IGNIS whitepaper, and all ICO details can be found here.

These are the stats from the ICO so far:


Live data from the Nxt blockchain

Jelurida AMA on Cryptocopia

For those of you who do not know, a semi-private AMA (Ask Me Anything) session with Jelurida occurred on the Cryptocopia Slack last Wednesday, August 23rd at 22:00 CEST. Jelurida spoke at length with the community, answering many questions about the now-in-progress, IGNIS ICO, Nxt, the blockchain, and much more. Only registered members of the Cryptocopia community could participate, but since we are so well connected we have you covered!

Cryptocopia’s registration-page has been offline ever since they made the AMA announcement, but here we give you an abbreviated, “best of” version that has all the relevant information and highlights that you need to know.

myco [10:02 PM]

Hello, and welcome! The Jelurida AMA is starting now!

Our guests from the official Jelurida team are:

petko

Hi! My name is Petko Petkov. I am a software developer. I’m contributing to NXT since Jan 2015. Then participated in the design and the development of the Ardor platform.

tomi

I am also a software developer, with more than 15 years of experience. I survived the dot-com crash, worked for a few companies in the Silicon Valley, then for a small startup, then became interested in crypto and Nxt in particular a few years ago. Now I am a part of the core Nxt development team.

The other core developer, Lior Yaffe, unfortunately couldn’t attend this AMA tonight as he is not feeling well. Lior Yaffe is a very talented developer and also lately doing a big part of the project management.

kristina

I am not a developer and before becoming interested in cryptocurrencies and blockchain technology I have been working as a legal advisor. I have been following Nxt from its very beginning and when Jelurida was created last year I became an official part of the team because the developers were looking for somebody to take care of organizational, administrative and legal tasks. Now, with the company growing bigger and the upcoming launch of Ardor, I am fully occupied with work and 100% devoted to it.

What will happen with NXT?

Q

myco

I know that we’ve gone through several stages in the transition of NXT to IGNIS and ARDOR.

Could you explain at a high level what is happening with NXT for those who do not know much about it?

kristina

Ardor can be considered Nxt 2.0, because it is being built using proven Nxt technology. The Nxt public blockchain, and software, will continue to exist and be maintained by Jelurida.

There were quite a few technical reasons why Ardor had to be started as a separate platform, and it wasn’t possible to just upgrade Nxt to it.

petko

NXT is an open-source project and POS-based cryptocurrency. We are planning to continue maintaining it, but after all, its the NXT stakeholders who decide whether to use the software we develop. So, there is no actual transition – we had the idea about Ardor and decided to work on it. NXT will continue to exist one way or another. As @kristina explained, there are technical reasons that prevent us from upgrading NXT to Ardor. But we distributed the Ardor tokens to the NXT stakeholders at 1:1 ratio.

Q

dereje

With the development of ardor and jlrda, do you see nxt eventually dying out from lack of support and development?

tomi

We have promised to support Nxt for at least a year, or longer, depending on the funding level obtained in the ICO, and depending on the demand for it. We will also backport features from Ardor to Nxt, if we can hire enough developers to dedicate to that. We expect that Nxt will stay as the stable, well tested and reliable platform. And not all use cases need Ardor with its multiple child chains (which also brings complexity).

kristina

please remember that Nxt is a proven and stable blockchain with a large variety of features, a platform well suited for ICOs for example which is a functionality we plan to further enhance.

Jelurida

Q

myco

What is the development like for Jelurida?

Do you work remotely, or do you have an office where you meet?

tomi

We don’t have an office, working remotely all the time. We do plan to establish a physical office however, depending on the success level of our ICO.

Q

myco

What are the upcoming tasks that the Jelurida team is focusing on in the short term?

kristina

After our ICO is over the snapshot will follow and of course the launch of the Ardor platform.

Q

sanchopansa

How many people are working full-time on the project?

kristina

4 (3 developers and myself) + 2 part time developers.

Q

sanchopansa

How do you plan to generate revenue and when do you foresee to become profitable?

Kristina

We have several possible sources of revenue – licensing of the software for private blockchains, child chain creation, and revenue sharing with businesses that run child chains, consulting, custom wallet creation. Other minor revenue sources are listed in the whitepaper.

We aim to become profitable and self sustainable by the end of 2018.

Q

doubleqp

How much funds do you expect to need until the end of 2018 to survive?

kristina

what we have collected already is enough to survive until the end of 2018.

Q

doubleqp

So what’s your reason to collect even more money?

Kristina

For two reasons: we have a detailed plan how we can utilize the funds up to €50M.

And because we exist in a very fast growing field where our competitors raise/have raised millions which they are using for marketing and because we cannot allow a technology with such a great potential not to succeed.

marenkar

In section V3 of the white paper, (https://www.jelurida.com/sites/default/files/JeluridaWhitepaper.pdf) Jelurida goes over their plan with regards to the amount that they raise (starting on page 36). More funds raised generally means a larger team, more projects, and more business activity.

tomi

Jelurida was established last year as a corporate entity to manage the development of Nxt and later Ardor. Before that, Nxt was developed as a volunteer open source project, without a legal entity behind it. This was problematic when trying for example to license the Nxt software for commercial purposes, and when having to protect the IP behind it.

IGNIS ICO < > NXT ?

Q

myco

When will the IGNIS snapshot take place?

vanbreuk

From https://www.jelurida.com/ico, “The Ardor Genesis Snapshot will be performed at least two weeks after the end of the last JLRDA sale round”. But no exact date has been announced yet.

Q

myco

What happens to the NXT collected in the ICO for IGNIS?

tomi

We will be selling most of the NXT for BTC and fiat, because the purpose of collecting it is to provide funding for the company. We have been very clear about that in the whitepaper. Some amount of NXT, up to 40 M, will be kept by the company.

Q

myco

It seems like selling the NXT you receive in the ICO for BTC and fiat will make the NXT have a much lower value.

Who will be buying the NXT from you? people who want to hold for the IGNIS snapshot?

tomi

We have already sold most of the 24 M NXT collected in the first round, it didn’t crash the price. We expect people who want to participate in the next rounds, or didn’t have a chance to buy in the previous, to be buying this NXT. And at the end, indeed those who want to hold for the snapshot. But even after the snapshot, we believe NXT will continue to have value, and this value will probably become stable, as no major disruptions will happen to it anymore.

kristina

People believed that NXT will lose value after the Ardor asset was launched too, but it didn’t happen… It indeed dropped temporarily but after that it went back up again…

Q

myco

What new functionality is present in IGNIS that was not present in NXT?

tomi

We have a feature comparison table on the website, few things I can think of: asset dividend payments using other assets, or MS currencies, or other child chain coins; asset share increase transaction; smart phasing (a boolean composite of phasing conditions); asset control…

About Ardor

Q

myco

What is the current status of development on ARDOR? When will that be a useable technology in production?

tomi

It is running on testnet now. The multiple child chains framework is implemented and working, you can try it. We are planning a new testnet release some time before the snapshot, which will introduce some innovative features – smart phasing and asset control for example.

The pruning and snapshotting parts of the Ardor design are currently being worked on, and will not be part of the initial release, they will be ready later. See the roadmap on our website for all details.

Q

myco

What mechanisms would cause the rise in price of Ardor? What is Ardor used for?

tomi

Ardor will only be used to provide security for the whole system, it is the token used in the proof-of-stake algorithm. It intentionally has very limited other functionality, as Ardor transactions by design must remain in the blockchain (and cannot be pruned like child chain ones). Having significant Ardor stake will allow users to run forging nodes, and collect fees from all child chain transactions (converted from native tokens to ARDR by their bundlers).

myco

I can understand that value if you get native tokens from staking ardor… but why would I want to get more ardor for staking ardor if there is no additional utility to it besides getting more ardor? It seems circular. what am I missing?

petko

Ardor is like the mining hardware in bitcoin, minus all the wasted electricity

marenkar

For child chains to run, bundlers will need to exist to collect child chain tokens and then pay ARDR to the forgers to process the transactions. Any account can opt to be a bundler as long as they have ARDR and set the rate they want for accepting child chain coins relative to the ARDR paid out to forgers. Transaction fees paid out to forgers will be fixed based on the amount of data processed and/or the type of transaction and have a similar fee structure as that with Nxt ( `https://nxtwiki.org/wiki/Transaction_Fees` ).

In terms of value, assuming all other things held constant, the more child chains on Ardor and the more activity on the child chains on Ardor, the higher the demand for ARDR as the need for it increases to handle the increased demand for transaction processing.

Q

oojacoboo

So Jurlidia needs money to develop Ardor so it can try and sell sidechains to companies?  That the tldr; ?

tomi

Child chains can be useful not only for companies, but for the general public, even when there is a company behind a particular child chain. For example a pegged child chain, with token value fixed to fiat currency, maintained by a 3rd party business who charges commission on entry and exit from the system – but all users than can transact with this currency on the blockchain, denominating their transactions in it. And the Ignis child chain, for which the ICO is being conducted, will always remain decentralized and accessible to everyone.

kristina

not only creating child chains, but also private blockchains – it depends on the use case

and please note that the Ardor child chains are not side chains. The difference between them is explained in our Whitepaper.

Link to white paper – `https://www.jelurida.com/sites/default/files/JeluridaWhitepaper.pdf`

Link to page about side chains vs child chains – `https://www.jelurida.com/child-chains-and-side-chains`

Q

sanchopansa

What are the major industries/verticals that you are hoping would be using NXT?

tomi

Banking and financial sectors, asset issuance and trading, voting (including shareholder meeting voting), crowdfunding. We have been in talks to several banks that are testing internally our technology, but since this is under NDA I can’t mention names until it becomes publicly known.

Q

sanchopansa

Do you have any commercial partnerships/deals that you can talk about?

kristina

The ones not covered by NDAs – we have partnerships with companies/projects like TLVC, Beecrypt, Bitswift, Sigwo Technologies and quite a few others to be announced soon…

Q

sanchopansa

If I understand correctly, you’re in the blockchain-as-a-service space so that would make Stratis, Lisk, Ark and maybe to some extent Ripple your competitors. Why would any business use Ardor instead of these other options?

tomi

We believe that our parent – child chain architecture is currently unique in the blockchain space, and it opens the door for even more use cases and a greater interoperability between child chains. It also solves the blockchain bloat problem – which I don’t believe those other platforms have a solution for. Ardor is based on the tested and stable Nxt codebase, and has a very rich feature set which will be carried over to it from Nxt.

Price speculation

Q

myco

Why do you think that NXT has been left behind in price, relative to new coins coming out in the past year?

marenkar

There’s quite a lot of reasons because Nxt has existed for quite a long time, such as a lack of a proper team, which Jelurida now fills, a lack of funds, which this ICO now aims to address. Also it being the first Proof of Stake platform during a time when everyone wanted to mine held things back a bit. I made a long post about it if anyone’s interested – `https://www.reddit.com/r/NXT/comments/6m2tyd/why_did_nxt_never_catch_on/djyjxa6/`

Q

myco

What are you going to do differently with IGNIS to make a token that people want to hold?

Or will you focus on making money through corporate consulting use cases?

Petko

My personal opinion is that there is no need to do something special with IGNIS in order to differentiate it from the other child chain tokens. Same like NXT – everyone is free to clone NXT and start another blockchain and token (and there are many clones existing), but the NXT token only one

Q

oojacoboo

And why would I want to own any JLRDA tokens?  What value do they have, since this is a funding model for Ardor…

thewiremaster

The JLRDA MS tokens represent the IGNIS tokens you will get at Ardor launch.

vanbreuk

If a company is funded for developing the platform where your tokens are used, there is a much bigger chance that tokens will appreciate in value. I don’t understand the question.

kristina

Yes, we are selling tokens, that’s right. You may want to fund the development of Ardor because it will be a scalable PoS multi chain ecosystem – it will be the next big step in the blockchain industry

marenkar

Ignis will be the first child chain on Ardor. The Ardor main chain will not have substantial features as it is intended to secure the Ardor network and not be a regularly-used chain. Ignis provides an unrestricted way for users and organizations to utilize the features of Ardor, such as creating an asset or setting up a decentralized poll. Transaction fees to do these transactions will be in IGNIS not ARDR. Other child chains will also have these capabilities but they may set restrictions on them.

The JLRDA > IGNIS ICO

Q

myco

Where can we find the best instructions for how to participate in the ICO? The software used for the ICO is different than the BTC/ETH icos we’ve been participating in lately

tomi

Since we are running our ICO on our own blockchain, it is using the Nxt wallet. It may indeed look different from the BTC and ETH client, but shouldn’t take long to figure out, and especially for the purposes of the ICO we added a separate page – accessible from the Ignis Token Sale link in the header, which really makes it easy.

But do read the instructions on our jelurida.com/ico page, there is also a video showing how to do it, and we plan to post more instructions in a video or pdf too. And remember, only use the IGNIS Token Sale link from the header – do not buy any similarly named tokens/assets/marketplace goods, as unfortunately there have been scammers selling fake JLRDA or Ignis tokens.

Q

myco

What does it mean that IGNIS is “fully permissionless” compared to other child chains

kristina

It means that it is open for everybody to use freely. Other child chains will be associated with a specific use case, a company or an organization behind them. Some of them may want to implement restrictions such as KYC for example….

tomi

Permissioned blockchains is something our enterprise customers ask for, as they want to be able to control who can connect to the blockchain (read access), who can send transactions (write access), and who can give or take such permissions (admin access). Some of this functionality will also be added to child chains that may need it.

Q

lordcameltoe

How will the next IGNIS sale be handled to avoid having whales scoop up the majority of coins before everyone else?

tomi

Everyone has equal chance to participate in the Ignis sale, using our scheduled transaction feature which automatically submits their purchase transaction as soon as the sale offer is posted. And the batch will be split into 4 rounds of 20 M each, again to give users multiple chances to participate.

lordcameltoe

So the technique one person used last time to get most of the tokens has been patched?

vanbreuk

Rather than patched, the Nxt Client now allows for everyone to place a buy order in advance, before the next batch of tokens is effectively placed for sale. So the tactical advantage of that person in the first few batches is not there anymore, since anyone can do it from the client.

marenkar

I’m not 100% sure how it works but it ends up being a lottery of sorts. Some users couldn’t get in, others could. A few users were able to get in even without the scheduler though, but that was rare. Well, at least from what people claimed on Slack.

Thanks for tuning in, dear readers. That was an interesting and informative AMA from Jelurida. They clarified a lot of their plans and continued to bring attention to the IGNIS ICO.

For our ongoing coverage of the ICO, we have our special report series and a weekly Nxter Newsletter, that follows blockchain trends and reports on the last week in the ever growing world of the blockchain. Follow us on Twitter for important breaking updates as they occur. Stay informed and keep reading.

Help us grow and help us continue to provide excellent and focused coverage on the ever growing blockchain space by rewarding us for our efforts: Donation address NXT-TK9J-MEKH-MUP9-HFCH2.

NXT

IGNIS ICO Report 4

And so, the hunt for JLRDA is about to resume.

Round 2 of the IGNIS ICO will kick off Aug 26 between 06:45 – 07:15 UTC

The price will be 0.55 NXT per JLRDA, with 80M JLRDA tokens for sale in this round.

Anyone who did their due diligence will know:

Ignis will be launched with all of the features of Nxt, plus more, and it will be created with no restrictions. When Ardor launches, hopefully, November 2017, each JLRDA token on the Nxt blockchain will be swapped for one IGNIS coin in the Ignis Genesis block. 

First child chain, so what? Well, take notice that Ignis will be unrestricted. Ardor child chain creators may choose to disable certain features or set overall rules that not everyone may agree with, as well as possibly control the supply or future distribution of coins used on their child chain. Permissioned child chains can impose restrictions on their users such as KYC/ AML, personal data protection, time-limited data retention, local securities trading laws for asset issuers, etc. But the Ignis child chain will be permissionless, available to the general public, with no restrictions on who can transact with it.

Nxt’s features are described here.
The differences between Nxt and Ardor is available here.

Ignis holders will have easy access to other child chains and benefit from services they provide. Assets, for example, are global, so assets issued using the Ignis child chain can be traded on all other child chains and vice versa. IGNIS can also be traded for any other child chain coin or even ARDR using the inbuilt, decentralized Coin Exchange.

NXT > IGNIS

You need NXT to buy JLRDA, and the NXT price has taken a good beating since Round 1.

The bright side is that the current NXT price makes 0.55 NXT per JLRDA a mighty favorable buy, also compared to the price in Round 1. Not investment advice, just saying, if you’re eager to own JLRDA, now is not a bad time to get in. Long term investors may see every round as a bargain, but do your own due diligence, read the white paper, try Nxt in production, try IGNIS and Ardor on the testnet, and draw your own conclusions. We mean it – you should ask for testnet coins here.

NXT can be bought on exchanges with fiat or BTC or with most cryptocurrencies directly in the NRS Client, using Changelly or Shapeshift.

80M JLRDA in Round 2

In Round 2, 80M JLRDA will be released, divided into 4 batches.
The 4 sell offers will be placed randomly within these 30-minute time frames:

Sat, Aug 26th between 06:45 – 07:15 UTC
Sun, Aug 27th between 18:45 – 19:15 UTC
Tue, Aug 29th between 06:45 – 07:15 UTC
Thu, Aug 31st between 18:45 – 19:15 UTC

To get a fair shot at getting in, ICO participants are recommended to place their orders using Jelurida’s official ICO sales page in the latest client release, NRS 1.11.8. Install, wait for the blockchain to download, place your order and keep the client running until the sale is over. Run the client in full mode.

As many buyers missed out on getting tokens in Round 1, we foresee another battle for tokens coming up. If you miss out on a batch, try the next one. Due to much higher demand than supply, the ICO is set up to run like a lottery to give equal chances for all.

Here’s how to attend:

https://youtu.be/NsRs0vpeNHE

The NXT to invest

When should you get in? Jelurida cashes out their NXT on Bittrex, and also the late BTC rally has been too tempting for some traders to stay in NXT. If you want to crystal ball the NXT market movements, at least be aware of this >

https://nxtportal.org/accounts/9419511406156481100

That is Jelurida’s ICO account. 3M NXT only, out of the first 24M (from Round 1), is left at the time of writing, the rest has been liquidated.

gabriel [8:35 AM]

Jelurida sells the NXT that was raised to fund the future development of Ardor/Ignis/Nxt, so while there is a strong demand for NXT, it is partly offset by the sell pressure from the ICO itself.

This is however great news for the future of all 3 platforms since they will have strong funding.

Jelurida sells the collected funds in batches on the market, to avoid a big dump, which so far seems to work according to the plan.

Plus, as summarised by Riker in nxtchat.slack:

riker [8:54 AM]

Jelurida now has more than enough resources for PR and marketing and we chose Blonde 2.0 and TLVC as our partners since they have a lot of experience in promoting the crypto/crowdsale business.

In addition we are now running full scale marketing campaigns on CMC, Google, Facebook and with anyone who is willing to cooperate and market us. If marketing and PR was indeed our problem for all these years, this problem has been solved.

Afraid of whales?

Sure, the first batches of Round were eaten by MAAC The Whale and rightfully so, due to his study of the Nxt blockchain and tests done beforehand. That said – you should stop worrying.

In case it went over your head, Jelurida solved the problem within 24 hours and released a version of the NRS Client, which not only hacked the hacker but also allowed ICO participants to place their JLRDA orders in advance of the scheduled sales windows.

Use that to buy in, and you’re good. But still, be aware not to place your order more than 24 hrs ahead of time;

When running as a full node, the Nxt software allows you to schedule the JLRDA currency buy transaction in advance, before the JLRDA tokens are offered for sale.

Since transactions by default expire in 24 h, such scheduled transactions must be submitted not earlier than 24 h before the expected time of the offer. Scheduled transactions are kept in memory, therefore restarting the node will also clear them and will require you to re-schedule them again.

Good luck. We will keep you informed.

Want to share your IGNIS ICO experience with us? Leave or comment or email us! Stay tuned and happy hunting!

IGNIS ICO Report 3

Only 1 batch left of Round 1!

UPDATE: no JLRDA left from Round 1! 

Round 2 will begin on August 26.

And so, here’s a re-cap, as the hunt for cheap JLRDA continues…

Early NXT investor ‘MAAC‘ has taken much of the limelight as he overruled “normal” participants by using the advanced features of the Nxt Blockchain as well as his stake to get ahead of the competition from Day 1.

In what was supposed to be a fair and equal early-bird lottery, divided into 12 batches as a way to stop whales from buying up all the tokens in the early stage of the ICO (as they tend to do), the IGNIS ICO was meant to be different.

 

The Get-There-First Hackathon

The theory that MAAC had used a bot to pick up the first 2 batches of Round 1 got turned down by MAAC himself, but behind the scenes, intense coding WAS going on, and an investment bot with the aim to out-compete all other attempts to invest in the IGNIS ICO WAS underway.

Only the bot was coded by Jelurida.

Those not following us on Twitter, FB, or having signed up for Nxt email newsletters, we hope you did not miss the release of NRS 1.11.7.

NRS 1.11.7 is not a small bugfix release – you must run this client version if you want a chance to get JLRDA tokens from the ICO. Furthermore, with NRS 1.11.7 you will not have to get up early / stay up late for the 2 daily 30-minute release windows, you can just enter your bid in advance and check the result of the lottery later as it fits your schedule. Read more… 

Also see: https://nxtforum.org/general-discussion/i-just-want-to-say-what-a-big-deal-1-11-7-is/

 

Lior Yaffe (Riker) has uploaded this tutorial:

So, are we equal now?

Well… Anyone can place bids on even terms. But….

A public message from another whale that got his hands on most of Batch #7, soon kicked off discussions among new and veteran Nxt users.

 

Speculation and over-thinking

Coincidence? Will leasing your NXT stake to a forging pool optimize your chances of getting an early stake in IGNIS? Could it be that connecting to 500 peers instead of the client’s default helps? How about hallmarking your node, will that give extra chances? How much does the size of the fee matter?

Well, let me be straight: About as much as the color of the shirt I wear matters.

Private discussion groups have been forming in Slack and all kind of mods and optimization tricks have been pulled off and tested, but no matter how hard anyone tries, the facts are hard to ignore:

bidji [9:20 AM]

basically luck

Scor2k, developer of NxtBridge and NxtBridge-OFFLINE:

I tweaked nxt.properties to connect to many more nodes than default, and also set it to broadcast transactions to like 50 nodes instead of default 20.

# Maximum number of outbound connections.
nxt.maxNumberOfOutboundConnections=100

# Maintain active connections with at least that many peers.
nxt.maxNumberOfConnectedPublicPeers=75

apenzl [1:02 PM]

Were you forging or was your account balance leased to a forging account?

scor2k [1:03 PM]

No )))

The number of Nxt nodes is growing, Nxtwiki sees new visitors; driven by a monetary incentive crypto investors are learning about the Nxt technology, not just the coin, which will be the backbone of Ignis and the Ardor Platform. And so, they begin to understand Nxt’s features (mind you, most crypto ICO’s usually sell tickets to not-existing technology – Nxt has been running stable and been improved upon by world-class developers for almost 4 years).

This is good.

By learning about the NRS client and server they grasp the power of Nxt, Ignis, and Ardor.

IGNIS logo

forkedchain [9:39 PM]

it appears that MAAC was splitting his NXT into orders with 400.000 NXT in each

napdude [9:43 PM]

MAAC risked tons of nxt to get his fills in the last many rows

 

“This shit project will not exist next year”!

Oh yes, it will. We must emphasize something, though:

Nxt’s powerful ‘Smart Transactions’ (inbuilt smart contracts) are only as smart as the people using them! Some people get desperate or make transactions too fast without knowing what they do.

Then they get angry.

PLEASE DO NOT PLAY AROUND WITH FEATURES YOU DON’T UNDERSTAND!

A few ICO adventurers have tried to take shortcuts but ended up worse than they started.

Some have bought JLRDA look-a-like currencies from the Monetary Exchange, fake JLRDA assets on the Nxt AE or the Nxt Marketplace, despite all warnings. One new user managed to broadcast a phased transaction to himself, which has locked his NXT for 7 days, using advanced functionality in the client.

One new user managed to broadcast a phased transaction to himself, which has locked his NXT for 7 days, using advanced functionality in the client.

That’s “learning the hard way”. One can react sanely, or by simply crying “shit ICO you bad take my money”, frown publicly upon Nxt, Ignis, Ardor, Jelurida – and about everything from the 1 NXT transaction fees to – understandably – not being able to get in at this very early point of the ICO.

Most though has found the ICO setup ingenious.

The adrenaline!!!!

Yes, IGNIS will be traded on exchanges eventually, and ICO participants may or may not (well, we won’t give trading advice here) make a fortune from their early investment, but what Jelurida is selling are operational tokens, the access to the first child chain of the Ardor Blockchain Platform.

Don’t fall for scammers

An old scam trick on the Nxt blockchain is sending out teasers in the form of tokens, for example, an asset issued for 1000 NXT but worth a lot more if the scammer succeeds, so he sends it to NXT accounts, it’s like ads on blockchain, an airdrop of assets which he hopes will make Nxt users think: Wow. Is this what I’m looking for? I’ll buy more!

No you won’t. Delete the assets or just let them be.

scor2k [10:34 AM]

May the forge be with you (c)


NRS 1.11.7

Nxt Client (NRS) 1.11.7

Exe and dmg digital signature: "Stichting NXT"

.sh Sha256:dca642ffa8a2508c72af9246dc224af3f4e523427b77b1e7a026fe0ea57e05cd  nxt-client-1.11.7.sh

Release 1.11.7:
https://bitbucket.org/Jelurida/nxt/downloads/nxt-client-1.11.7.zip

1.11.7 .zip sha256:
bfed4c5c2df82e876f88885c1d0501810edf49fc4998d694e74852d6ab176d57  nxt-client-1.11.7.zip

NRS 1.11.7 release notes

This release adds the ability to submit a JLRDA purchase transaction from the IGNIS Token Sale page even before the sell offer has been published.

Such transactions are not broadcasted immediately, but held in memory and only sent out when the expected sell offer arrives in the unconfirmed transaction pool.

For this to work, you must keep the node running after submitting the purchase transaction, until the sell offer has been received and processed.

Note that after submitting a purchase transaction in advance of the sell offer, you will get a pop-up that your currency buy order has been submitted, but it will not show in the unconfirmed pool. This is normal as such advance orders are kept separately.

This functionality is currently available for full nodes only, i.e. those that have downloaded the full blockchain. Users of light clients can submit JLRDA purchase transactions only after the sell offer has been accepted in a block. To switch from a light client to full node, set nxt.isLightClient=false in conf/nxt.properties, and wait for the blockchain to download.

More IGNIS Token Sale UI bugfixes and improvements:

Add paging buttons to the exchange history table on the Ignis page.

Initialize the JLRDA units field to 0.

Fixed "calculate fee" when connecting to a remote node with remembered passphrase.

Implemented TransactionScheduler, added ScheduleCurrencyBuy and GetScheduledTransactions APIs.

ScheduleCurrencyBuy API accepts same parameters as CurrencyBuy API, and an additional offerIssuer parameter. Instead of broadcasting the prepared transaction immediately, it schedules it to be broadcast as soon as an unconfirmed currency exchange offer transaction from that issuer, for that currency and a sell rate not higher than the requested, arrives in the unconfirmed transaction pool. The broadcast parameter must be set to false. This API requires a full node (not a light client) and admin password unless running on localhost.

GetScheduledTransactions API returns a list of all scheduled transactions for a given account.

Note that these APIs were specifically added for the purpose of the IGNIS Token Sale, and may be removed or modified in the future.

Other fixes and improvements:

Allow blacklisting the real remote host, not the proxy, when running a public node behind a reverse proxy. Use the nxt.forwardedForHeader property to configure the header added by the proxy to the API http requests (normally X-Forwarded-For).

Fixed printing of paper wallet for passphrases containing special characters.

WARNING: If you printed out a paper wallet for an account passphrase which contains special characters using an earlier release, this passphrase may have been printed out incorrectly, with those characters missing, or truncated. In this case you are advised to print out a correct copy using this version. The QR codes were not affected by this bug, and neither were the standard account passphrases generated by the client.

Also note that some long passphrases may be cut off by your printer unless page size is adjusted to width.

ALWAYS VERIFY THAT THE PRINTED PASSPHRASE IS CORRECT BEFORE RELYING ON A PAPER WALLET AS YOUR ONLY BACKUP!

Source: https://nxtforum.org/nrs-releases/nrs-v1-11-7/

FAQ

The NRS (Nxt Reference Software) Client is the Nxt core developers’ official wallet release.

NRS is a locally hosted client server application. By default it downloads the Nxt blockchain, but from version 1.10.0e you can run it as a light client as well as a full node. To forge and earn forging fees from processing transactions on the network you must run the Nxt Client in full mode, which is possible even on small devices like laptops, or on a Raspberry Pi.

The Nxt Client is easy to install. Use the 1-click installers for Linux, Mac and Windows or read this INSTALLATION GUIDE to launch the NRS .zip from terminal.

ICO Release FAQ

Q: What's the priority to execute these buy orders when they will hit blockchain? Same as usual?

A: As soon as the node scheduler storing the scheduled transactions sees the exchange offer as an unconfirmed transaction, it will immediately broadcast your currency buy transactions.

And they will compete with the rest of the transaction for inclusion in the next block, according to the usual transaction priority.

Q: So, if I understand correctly, this new stuff is for users to make buy transaction in advance, instead of lurking near PC and try to be fast?

A: Exactly

Q: And if my advanced buy order is not filled, I need to repeat the same before the next batch? Am I right, this new stuff do not solve MAAC problem?

A: It does solve it, since MAAC found a way to submit his transaction while the Jelurida exchange offer was still unconfirmed and invisible to the UI.

With 1.11.7, every scheduled transaction will do exactly that.

Q: When does Jelurida exchange offers become valid? Only when approved or broadcasted?

A: When the Jelurida exchange offer is still unconfirmed the scheduler will submit the buy orders

Q: Will not wait for approval of it?

A: They will all approve in the same block, the exchange offer will have the earliest arrival time so the currency buy transactions will match it in the same block just like MAAC did it manually

Q: But looking at history, approval account approves exchange offer few block later. I feel some confusion here. Always thought, that without approval any transaction is not "valid".

A: The exchange offer will no longer be phased, just a regular transaction

Q: And if my scheduled buy order is not filled, I need to repeat the same order before the next batch?

A: Yes, as usual, however you'll compete on level terms with everyone else

Q: What do I need in order to submit a scheduled transaction?

A: You'll need a full node running on localhost, or a remote full node to which you have the admin password. As usual your passphrase is never submitted to the remote node.

Source: https://nxtforum.org/general-discussion/nxt-1-11-7-qa/

NXT Mobile app

The NRS Android app is available at:

sha256
8e4177c47f27daa311af27a2cf4e380c0d98545442e8071d700266c3d622b7ab

 

User or developer?

IGNIS ICO Report 2

Did you hold your breath?

Never mind, the second 5M batch of the IGNIS ICO got snatched by MAAC the Whale. And also most of the third.

But look at this now:

Live data from the Nxt blockchain

69 new buyers got their hands on JLRDA  –

no ninja tricks, no bots, just by using the full Nxt client. It’s a race to get in, sure. Back hurts from leaning forward towards the screen, eyes burn from staring without blinking, and personally, I burned my dinner in the oven because I didn’t dare to leave the computer within the ICO time frame. And I wasn’t even among the lucky 69. Transaction sent, the fee goes to forgers, try again if you want.

Only 5M of the ICO tokens are released in each batch in this Round 1, so maybe it’s better to wait. It’s just that… buying IGNIS for 0.4 NXT per token would be pretty nice, right.

What’s next?

Kristina (Jelurida) gives us this update in nxtchat.Slack:

Dear Nxt community members, thank you for your contribution in the first 2 days of the IGNIS ICO!

We are carefully considering the feedback and we are looking into possible ways to ensure that all the Nxters and also newcomers can participate in the IGNIS crowdsale more easily.

We also recommend to everybody to configure their Nxt client as a full node to avoid overloading the public nodes.

Jelurida has started moving funds to Bittrex, which is one of the higher volume NXT exchanges.

As people are beginning to calm down now, lots of thoughts and research by both new and veteran Nxters is ongoing, about the method MAAC uses and – not least perhaps – how to copycat it.

Another piece to this puzzle came from MAAC himself, as he uploaded a second public message to the Nxt blockchain:

Now guess who forged the block with the 4th JLRDA bid offer and 1009 NXT in fees while at work? Ahem, yeah

Questions?

So, does all this mean that Jelurida is incapable of running a fair ICO on the platform they designed themselves? Will this be Nxt’s “bad distribution” issue all over again? Is MAAC a heartless attacker, a movie theater worker with great belief in the work of Jelurida or just a greedy whale? Will he succeed or can Jelurida exploit his methods and succeed in creating equal terms for all?

In the coming days, we will dig into this in much greater detail, and not least explain about IGNIS, and all the advantages of the revolutionary new Ardor platform.

The JLRDA release schedule is as posted from Jelurida, remember each one is a batch of 5 M tokens:

Aug 5th between 06:45 – 07:15 UTC and between 18:45 – 19:15 UTC
Aug 6th between 06:45 – 07:15 UTC and between 18:45 – 19:15 UTC
Aug 7th between 06:45 – 07:15 UTC and between 18:45 – 19:15 UTC
Aug 8th between 06:45 – 07:15 UTC and between 18:45 – 19:15 UTC
Aug 9th between 06:45 – 07:15 UTC and between 18:45 – 19:15 UTC
Aug 10th between 06:45 – 07:15 UTC and between 18:45 – 19:15 UTC

The coin sale will last for months so do not worry if you are not able to participate immediately, there will be many opportunities to participate in the IGNIS ICO.

In addition to the ongoing ICO, approximately half of the IGNIS coins in existence will be distributed automatically to NXT holders based on their account balances at the time of the Ardor Genesis Snapshot, at 1 NXT = 0.5 IGNIS ratio.

 

IGNIS ICO Report 1

The long awaited crowd sale of the IGNIS token has begun.

For sale are 440,000,000 Jelurida tokens (JLRDA) out of 1,000,000,000 total.

The Nxtchat.slack has been buzzing for weeks with anticipation and discussions of how to get your hands on these JLRDA tokens and this article contains some important information pertinent to your investing decisions.

1st round sold out in a flash

IGNIS logo

Boom – first round is over…

Eager participants from all around the globe were ready, eagerly staring at their desktop clients with the ICO window open in their NRS Client, excitedly building tension in Slack, ready to purchase.

And then…

The shock – as everyone realized that the first ICO round was over even before Jelurida’s exchange offer had hit the client GUI! The first 5M JLRDA tokens had been sucked up by a single whale in a flash.

1% of the JLRDA tokens available in the ICO had been sold without anyone even seeing the offer let alone having a chance to place their orders in the client!

What happened?

Take a look at the whale’s account.

https://nxtportal.org/accounts/11731960900805566730

Lots of phased transactions. Buy offers put into every block within the announced time frame of the first round, just waiting for his approval to be executed.

But how could he react so fast? One sound theory is that the buyer had a bot listening to the network and as soon as the exchange offer was put by Jelurida, still unconfirmed, he executed the transaction in that same block.

First reactions were harsh. From emotional accusations from disappointed users that the ICO round had to be an “inside job”, to conspiracy theories and sad claims that all IGNIS tokens most certainly would be sucked up by rich investors only, “just like in the fiat world”, hit the world wide web by storm.

And now, few hours before the next batch of 5M JLRDA tokens are to be released, we can only wait and prepare for our second chance to get in. No, “MAAC” did not play it fair in Round 1 but after all, he played it well AND played everybody by the rules of the tech. Rules that can be dug into by everybody, by the way.

Here’s a statement he made, sent from his phasing account:

Jelurida has released a schedule of the availability of the batches for the first round of JLRDA. 55 M tokens are left in 11 bins of 5 M, staggered by 12 hours to make it harder for whales (people with massive amounts of NXT) like MAAC to buy the entire amount.

The release schedule is as posted from Jelurida:

Aug 5th between 06:45 – 07:15 UTC and between 18:45 – 19:15 UTC
Aug 6th between 06:45 – 07:15 UTC and between 18:45 – 19:15 UTC
Aug 7th between 06:45 – 07:15 UTC and between 18:45 – 19:15 UTC
Aug 8th between 06:45 – 07:15 UTC and between 18:45 – 19:15 UTC
Aug 9th between 06:45 – 07:15 UTC and between 18:45 – 19:15 UTC
Aug 10th between 06:45 – 07:15 UTC and between 18:45 – 19:15 UTC

In the coming hours and days, we will keep you posted about the progress of the ICO, as well as explain in much greater detail about IGNIS, Ardor, and all the advantages of this revolutionary new platform.

The coin sale will last for months so do not worry if you are not able to participate immediately, there will be many opportunities to participate.

Let’s see what happens. Meanwhile, the discussion is ongoing:
https://nxtforum.org/general-discussion/ignis-token-sale-progress/

In addition to the ongoing ICO, approximately half of the IGNIS coins in existence will be distributed automatically to NXT holders based on their account balances at the time of the Ardor Genesis Snapshot, at 1 NXT = 0.5 IGNIS ratio.

IGNIS ICO Report 2 >

Jelurida Announces New Details About the ICO

Earlier today, Jelurida, the development company behind Nxt and Ardor, has announced new details about the upcoming ICO on their website.

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).

After inquiries into the start date of the ICO have been asked by the community on a daily basis, this should hopefully bring some clarity now on how the rest of Q3 will shape up to be like, even if no exact date has been given yet.

 

NXT in the ICO

As mentioned in our earlier newsletter, Jelurida mentioned that NXT will be used in the ICO and that this was due to technical reasons. Now, with the announcement, we can see why this was chosen.

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.

Being a controllable currency, the JLRDA tokens will not be tradeable or transferable between user accounts. The purchased JLRDA currency units will only serve as a proof of ownership and initial IGNIS balance for the Ardor Genesis Snapshot.

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.

So, the IGNIS ICO will utilize the Monetary System feature of the Nxt blockchain, where a controllable currency called JLRDA will represent the IGNIS to be distributed when Ardor launches. Purchasing a controllable currency on Nxt directly requires NXT as the transactions are on the Nxt blockchain itself.

 

Ardor Genesis Snapshot

The announcement also shed some light on the snapshot date for NXT balances where 0.5 IGNIS is given for every NXT an account holds.

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.

The Ardor Genesis Snapshot will be performed at least two weeks after the end of the last JLRDA sale round.

However, since the exact date of the start of the ICO and the duration of the ICO are still unknown, we can only estimate when the Ardor Genesis snapshot will happen.

 

Important Notice

There have been some complaints on some channels in the community about false information being spread around, such as that the launch was supposed to happen on July 1st, despite multiple announcements for over a year that Q3 was when Ardor would launch, not necessarily July 1st. Because of this confusion, Jelurida was prompted to also state this in their announcement:

IMPORTANT NOTICE:
All official information regarding the IGNIS ICO will be published on this website only. If you receive information from other sources always make sure that it is consistent with this page.

While Nxter Magazine strives to provide the most accurate information, if any conflicting information is found on this website with Jelurida, please trust the content posted on Jelurida’s website as they are the development team and may have made some changes and we just did not get to update our content yet.

Source: https://www.jelurida.com/ico