August 2017 (V)
Welcome again, fellow Nxters! Summer continues and so does the Ignis ICO. Round 2 started late last week and runs through Thursday, August 31st. Jelurida had a popular AMA and announced that they are funded for at least the next few years after Round 1, and more eventful news. You are in the right place for comprehensive coverage of all things Nxt / Ardor / Ignis.
Whether you are a long time reader or a new one, we here at Nxter have news for you. All the highlights of the last week in the exploding blockchain space are covered here. We aim to keep you informed and up-to-date, dear readers. Lean back and absorb all of our hard work as we present you the news of last week.
- Ignis ICO – Second Round
- IGNIS Token Sale Bounty Program
- Nxt Blockchain will be Maintained at Least 3 Years after IGNIS ICO
- Comparison Between Nxt, Ardor, Nem, Ethereum and Bitcoin
- Jelurida AMA
NXT IN THE MEDIA
- Lior Yaffe in Medium – Is Nxt Dead?
- Lior Yaffe in Medium – IGNIS Token Sale Round 2
- Blonde 2.0 – PR about ICO Promotion
- COINIST – What Are Nxt & Ardor Blockchain Platforms?
- Ftreporter – All You Have To Know About Adelphoi (ADL)
- Coinmonsta.io – Offers the Latest News and Links about Nxt
This week’s newsletter is put together by James, jose, apenzl and rubenbc.
IGNIS ICO – Second round
Last week, the second round of the IGNIS ICO began. Do not worry, there is still Tuesday and Thursday of this to participate, more details below. Jelurida also announced a new partnership with a PR firm and a financial advisory firm in order to grow awareness of the ICO and the brand that is Nxt / Ardor / Ignis. The more attention that the ICO gets, the better for everyone involved.
The second round of the crowd sale is divided into 4 offers of 20 M JLRDA each, all priced at 1 JLRDA for 0.55 NXT. These will be released according to the following time schedule:
Sat, Aug 26th between 06:45 – 07:15 UTC
Sun, Aug 27th between 18:45 – 19:15 UTCTue, Aug 29th between 06:45 – 07:15 UTC
Thu, Aug 31st between 18:45 – 19:15 UTC
The exact time within each 30-minute interval is decided randomly. Due to very high demand, it is best to schedule your JLRDA purchase ahead of time on the blockchain. Remember, you can schedule a transaction up to 24 hours before a deadline. In the likely case that there are more orders than available supply, a lottery algorithm will be used to randomly select the advanced orders that get processed.
For more in-depth analysis of the ongoing ICO, please follow our ICO reports that exclusively cover it.
Interesting conversation between Riker and Martis regarding getting your scheduled transaction in the blockchain:
martis [12:10 PM] @riker “The Jelurida sell offer will be submitted with a fee of 5 NXT. If more transactions than what can fit in a single block are submitted with higher fee, the Jelurida transaction will be postponed to the next block, and none of these high fee transactions will match it. “If Jelurida offer will go to the next block, will scheduled transactions be executed or will they be canceled?
riker [12:13 PM] Scheduled transaction are broadcast as unconfirmed transactions therefore anything that applies to unconfirmed transaction applied to scheduled transactions. Once broadcast the scheduled transaction will be ordered according to the standard ordering so surely not cancelled.
martis [12:17 PM] But if my scheduled transaction will be included in block A and sales offer will be included in block A+1. What will happen then?
mrv777 [2 hours ago] you will miss out, your order will be executed but there will be no matching sell offers…
riker [1:06 PM] It’s a game theory problem, if everyone submits their transactions with 4 NXT fee, and a single guy with 6 NXT, this guy still has an advantage. His transaction, the offer, and as many as can fit from the rest will fit in the block.But if everyone thinks this way and submits theirs with a fee of 6 NXT, all will lose since the their transactions will be included in a block before the sell offer.The problem with the 1000 NXT tx fee we used before is that theoretically a whale could submit his buy transaction and 253 meaningless transaction with fee of 999 NXT for example and prevent anyone else from buying. With lower fee, anyone can afford to spend 5 NXT to compete this way. This strategy was suggested by @forkedchain who will receive 5K Ignis as bug bounty. …
riker [1:37 PM] The lower the fee you specify the chance your transactions will be delayed increases but if you set the fee to 5 or more your transaction might be included in a block prior to the Jelurida offer. I would say your best bet it to place the fee at 4 NXT.
IGNIS Token Sale Bounty Program
In a generous gesture, Jelurida has decided to reward the loyal members of the Nxt community. The most active members of the Nxt platform will be given a nice bounty, a thank you for their continued support and advancement of the Nxt platform over the last four years.
During its 4 years of existence the Nxt platform has been supported constantly by many dedicated people from its community. They have always been there to answer questions, promote the technology and help new users as well as develop and run various supporting tools and sites.
Therefore, we wish to thank each of the most active Nxters by awarding them 25 000 JLRDA now, and 50.000 JLRDA more if we can collect 10 M Euros or more.
The JLRDA tokens for the bounty program will be allocated from the 20 M we have reserved for marketing and organizational expenses.
ATT: New contributors
After our token sale is over and if we have collected at least 10 M Euros, we will be awarding up to 20 of our most active new contributors with 50 000 JLRDA too. We will be relying on your feedback when making our final assessment.
Those of you who wish to help during the next two months of the IGNIS ICO by creating awareness, writing articles and answering questions about Nxt, Ardor and Ignis, ICO process and snapshot on various social media, please contact email@example.com, stating the area/social media where you wish to help and your name or username you intend to use.
The only condition will be not to stray from the official information published on our website https://www.jelurida.com/ico.
Nxt Blockchain will be Maintained at Least 3 Years After IGNIS ICO
Due to the sustained success of the ICO, Jelurida has procured, at least three years worth of funding that will be dedicated to supporting and advancing the Nxt platform. Remember, the IGNIS ICO is a barometer of community support for Nxt. Ardor (Nxt 2.0) is coming online very soon, yet due to the robust and hardcore Nxt community that has been fostered and created over the last four years this ICO is being used to directly fund continued support of Nxt, meaning that Nxt and Ardor will continue to coexist and receive active support from the Jelurida team for at least the next three years, likely much more pending the results of the subsequent four rounds of the ICO.
— Sazan (@AvdiuSazan) August 21, 2017
With the funding procured, Nxt will – most likely – receive at least this much-dedicated support over the next three years.
Also read: Lior Yaffe in Medium – Is Nxt Dead?
Comparison Between Nxt, Ardor, Nem, Ethereum, and Bitcoin
Do you have trouble keeping straight the many differences and similarities across the various blockchain technologies? Here we have a brilliant table that highlights the comparisons across the various blockchain platforms, uploaded by Jelurida last week.
A very useful and handy infographic to refer back to if ever you are confused.
Jelurida conducted a Reddit style AMA (Ask Me Anything) over on the Cryptocopia slack last Wednesday, August 23rd. Many questions were asked and answered by the Jelurida team. Last Saturday Nxter.org covered the news of this AMA with one dedicated article.
Adel – Update
Last week was a busy and eventful week for the Adel community. They have compiled their highlights, including a new listing on the exchange C-Cex and an upcoming appearance at Web Summit, and we present them to you now.
In their own words:
— Adel Community (@com_adelphoi_io) August 27, 2017
C-Cex ▲ Adelphoi
Crunchbase ▲ Adel Ecosystem Ltd.
We have registered our profile on Crunchbase. If you haven’t heard of this website before, here is a brief summary:
“Crunchbase is the destination for discovering industry trends, investments, and news about hundreds of thousands of public and private companies globally. From startups to Fortune 500s, Crunchbase provides a business information platform that pairs powerful tools and applications to stay competitive and successful.”
If you are interested in expanding your social media presence, then you can create your own profile page. Be sure to link to Adel, as a community member: https://www.crunchbase.com/organization/adel#/entity
Web Summit ▲ Adel
Adel has been granted special presence at this year’s Web Summit from November 6th to 9th in Lisbon, Portugal. Adel will join the BETA startup track & exhibiting package. Here is a summary of the event from the organisers:
“Web Summit has grown to become the ‘largest technology conference in the world’. No conference has ever grown so large so fast. But we also pride ourselves in organising the ‘best technology conference on the planet’.”
Bitswift – Update + Article in Medium
Exciting news from Bitswift. After a recent partnership with HP Canada, they are now busy installing HP products for local Canadian businesses.
A Medium article was written that covers their model and future plans for expansion.
— bitswift.tech (@bitswift_tech) August 23, 2017
REMEMBER: The Bitswift token swap is still ongoing:
Manual claiming instructions included on bitswift.press.
Manual claims may take up to 7 days to process. An announcement will be made after the cutoff date October 14, 2017–6 PM EST describing how the remainder of the unclaimed tokens will be handled.
Jelurida – Nxt Blockchain Creation Kit
Just today Monday, August 28th, Jelurida has launched and published the Nxt Blockchain Creation Kit.
The Nxt Blockchain Creation Kit allows blockchain developers to create and launch their own blockchain platform based on the Nxt platform. This is an exciting opportunity for budding devs to explore and create their own Nxt based platforms.
Any blockchain project created using this kit must observe the Jelurida Public License (JPL), including, but not limited to, being open source under the same license terms, and satisfying the JPL 10% share drop requirement to holders of NXT.
This package is for those who want to use the Nxt code to start a new, open source, public blockchain, as permitted by the open source Jelurida Public License for the Nxt blockchain.
The JPLSnapshot utility add-on, already present in the Nxt Reference Software (NRS) v1.11.8, is designed to make the [10% token allocation] process simple, by taking a snapshot of the current public Nxt blockchain, automatically allocating 10% of the new blockchain tokens to existing Nxt holders at the time of the snapshot (…)
Note that the Nxt Blockchain Creation Kit is not intended for end users, but for developers who want to create a new blockchain. If you want to experiment with a ready-to-use, private blockchain, for testing and evaluation purposes, the Private Blockchain Evaluation Kit may be more suitable.
To start a new blockchain project using the Nxt Blockchain Creation Kit, follow the instructions in the README.md file @ https://bitbucket.org/Jelurida/nxt-clone-starter/overview.
Weekly Reminder: is Mynxt ready for the Ardor snapshot?
Yes, anyone with NXT in their MyNxt.info wallet will be credited with IGNIS at the time of the Ardor genesis snapshot. We still advise that you use the NRS client, now up to version 1.11.8, but it is nice to have third party support.
In their own words:
The MyNxt wallet is ready for the IGNIS snapshot because it operates real Nxt accounts, so anyone with NXT in a MyNxt wallet account at the time of the Ardor genesis snapshot will be credited with the tokens. The only necessary step afterwards, to access their Ardor blockchain account, will be to export their MyNxt wallet in order to obtain the Nxt passphrase for the account, so they can use it with the Ardor client.
For more information regarding MyNxt and the Ardor genesis snapshot, please refer to this NxtForum post – https://nxtforum.org/mynxt-info/how-to-join-ignis-ico-and-ardor-launch-with-the-mynxt-web-wallet
NXT IN THE MEDIA
Lior Yaffe in Medium – Is Nxt Dead?
A Medium article by Lior Yaffe – Riker – talking about the future of Nxt once the IGNIS ICO is over.
Hint – Nxt is NOT dead. Nxter covered this same topic some time ago as well.
Lior Yaffe in Medium – IGNIS Token Sale Round 2
Lior Yaffe wrote another Medium article about the upcoming Round 2 of the IGNIS Token sale and emphasized user safety when it comes to trusting information about the upcoming ICO. The ONLY official source of information about the ICO is the Jelurida website – which we source for all of our information.
In his own words:
The only official source of information is the Jelurida web site.
When creating a new account, do not forget your 12 words passphrase, if you do, you’ll lose your NXT.
The only way to buy the JLRDA token, which represents your IGNIS holdings, is using the “IGNIS Token Sale” link from the wallet dashboard header. Do not buy any other currencies, assets or goods. These are possibly scam entities which would cause you to lose your NXT.
There is no pre-sale whatsoever.
Blonde 2.0 – PR about ICO Promotion
The professionals at Blonde 2.0 have begun their media blitz to spread the word of the IGNIS ICO. Samples of their coverage are below:
The news has been propagated across a great many media platforms.
Finance Magnates – Jelurida Announces Details of Second ICO for IGNIS Tokens
COINIST – What Are Nxt & Ardor Blockchain Platforms?
Last week Coinist interviewed the devs at Jelurida about the Nxt and Ardor platforms.
Coinist was recently fortunate enough to chat with the folks at Jelurida, an organization with 2 blockchain projects under their belt. We are excited to bring our readers this amazing opportunity to talk with the people behind these blockchain projects. However, before we jump into the interview, take 2 minutes to watch the introductory video the Ardor platform below.
Ftreporter – All You Have To Know About Adelphoi (ADL)
The Adel ecosystem (and thereby Nxt and Ardor) has received a lot of coverage recently.
By utilizing Nxt and Ardor’s Blockchain innovation, the Adel biological system has been made to present the most recent security highlights while embracing best practices in business administrations. By building an organization over the Blockchain innovation, Adel intends to show development that is both economical and gainful for different ventures, for example, IT, managing an account (blade tech), protection, compassionate and medicinal services activities.
Coinmonsta.io – Offers the Latest News and Links about Nxt
The Nxt community continues to grow! A new addition to Coinmonsta.io, an aggregator site for crypto news, added a new section just for the Nxt community. We are excited and appreciate the comprehensive coverage we receive from the at large blockchain community.
— CoinMonsta.io (@CoinMonsta) August 22, 2017
TradingView – NXT Buy Opportunity
Let’s look at the of NXT. We can see that the price bounced from 0.100000 . The market formed a new swing low which can be used for drawing a new uptrend line. This line will be a support and signal line for an upward movement. We have trading opportunity and it’s possible to entry the market based on a breakout signal. Pending orders for buy should be placed at 0.118000 level. Stop orders must be placed below the and the uptrend line at 0.090000 level. Profit targets are at 0.180000 and 0.240000 resistance levels.
Weekly NXT/ARDR Price Evolution
The following graphic shows the NXT / Bitcoin exchange price at Poloniex over this past week:
The following graphic shows the ARDR / Bitcoin exchange price at Poloniex over this past week:
And that is all for this week, Nxters. Stay tuned next week for more up-to-date coverage on the IGNIS ICO, the launch of Ardor, ongoing projects, and much more. For those who cannot wait a week to learn more, take some time to surf our site – we have our ICO Coverage series running. We will explain in more detail about Jelurida, Ignis, Ardor, and everything else that is pertinent to this momentous ICO.
Follow us on Twitter for important breaking updates during the week as they happen. Stay tuned and stay informed, dear readers. See you back here next week!
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