July 2017 (IV)
Welcome again, fellow Nxters! You are in the right place to expand your mind and stay knowledgeable about all things Nxt and Ardor. We aim to be accessible to new readers as well as informative to long time followers who come to learn the latest news and most relevant happenings in the blockchain space.
As always, whatever your interests and whoever you are, you are in the right place for your comprehensive analysis of all things Nxt and Ardor. Last week, as always, was action packed, with many interesting and exciting opportunities presenting themselves.
- Jelurida Details Ignis ICO
- JELURIDA PUBLIC LICENSE
- The Issue of the Chinese name of Ignis – 火链
- LinkedIn Post – Ardor is Coming Soon – Better Than Ethereum?
- Ardor/Nxt – Original and unique art painting
- Videotutorial Riker – Creating your new NXT account
- SCAM ALERT: JRLDA is NOT JLRDA
- Meetup – BigchainDB & IPDB: Token ICOs
NXT IN THE MEDIA
- TradingView – NXT Double Bullish Divergence
- TradingView – NXT Buy Opportunity
- Weekly NXT/ARDR Price Evolution
This week’s newsletter is put together by jagd (James), rubenbc, with final edits by Travin Keith, apenzl, jose.
Jelurida Details IGNIS ICO
— NXTER Magazine (@Nxter_org) July 17, 2017
We have more details for the much anticipated IGNIS ICO. Last week the Jelurida team announced that the fine details and preparations needed for initial coin offering (ICO) are almost complete and the IGNIS ICO schedule has been released with the rates for the tokens (JLRDA) priced in NXT.
Lior Yaffe, senior developer at Jelurida, whose handle is Riker, has announced that August 5, 2017, is the beginning of the ICO, save the date! Being a controllable currency, the JLRDA tokens will not be tradable 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. A controllable currency was chosen to prevent trades from happening while the token sale is ongoing so that purchases of JLRDA directly contribute to funding the development of the platform.
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.
Lior Yaffe (Riker):
Ideally, Jelurida will end up the ICO with 40M NXT in its account that it won’t sell so we have an incentive to continue to develop and promote NXT in the future.
Is he talking about the integrity of the Nxt Blockchain long term?
Lior Yaffe (Riker):
Consider that Jelurida will keep 20% of the raised funds up to 40M in NXT and not convert them to BTC or Fiat. Therefore Jelurida has the incentive to see NXT continue to flourish.
In a nutshell, the idea is that the more funds we raise in the ICO the more we will invest back into NXT development in addition to Ardor development.
Either way, the risk that the NXT blockchain will get completely abandoned given that the rest of the blockchain ecosystem continues to progress is minimal. Unlike the POW coins which require huge infrastructure, NXT can be kept alive by few dozens of users each paying for a 10$/Month VPS.
NXT, even in its current state, is still orders of magnitude more functional than anything else out there and given that it’s one of the only open source blockchain projects and that it is much simpler to develop for NXT than for anything else, I still expect an NXT community to form even if all existing devs walk away (which won’t happen anyway).
Exciting times await in August! The earlier you invest your NXT the more IGNIS tokens you will receive at the Ardor Genesis Snapshot. Invest your NXT tokens wisely and always do your due diligence beforehand so you can be as informed as possible. We do.
Article available in English, Deutsch, Chinese, and Spanish:
JELURIDA PUBLIC LICENSE
Concurrently with the IGNIS ICO, the talented team at Jelurida have created a new “copyleft” license in the spirit of GNU General Public License, but tailored to the intricacies of open source cryptocurrency projects.
This “Coinleft” license is not only meant to ensure that the source code of any work based on Jelurida IP BV technologies and platforms – Nxt, Ardor, etc., remains open but also that the original community of blockchain token holders receives value from derivative projects based on their original software. The Ardor platform and the future NRS versions will be released under this license, with Ardor and Nxt clones being required to give 10% of their tokens to IGNIS or NXT holders respectively from here on out. All of this is achieved with the new Jelurida Public License (JPL).
Good evening, everybody
A light reading for the weekend – the full text of the Jelurida Public License is now uploaded on our website.
The Ardor platform and the future NRS [Nxt Reference Software] versions will be released under this license.
Ardor and Nxt clones will have to give 10% of their tokens to the IGNIS or NXT holders respectively from now on.
The Issue of the Chinese name of Ignis – 火链
“Ignis” can mean “Fire Coin” which translates to 火币 aka Huobi
After long and heated discussions in the Chinese community, the issue of the Chinese name for Ignis has been amicably resolved in a closed room discussion. The issue stems from the translation of “Ignis”, which can translate as “Fire coin” to Huobi, which is one of the largest digital currency exchanges in China.
The consensus for the translation is to call “Ignis” as “Fire chain”, instead of the already taken “Fire coin”. One of the interesting nuances of the distributed ledger technology space is that we are truly global in scale, and – much like the beloved Joss Whedon television show ‘Firefly’ – Chinese and English are the two dominant languages with China being home to a significant number of Bitcoin Exchanges, like Huobi.
The future of the internet is the so-called “Internet of Value” age and with it comes increased globalization so it behooves us all to be more culturally refined so as no matter who you are, are where you are from, we can all build something great, together.
Ardor is Coming Soon – Better Than Ethereum?
Ardor is Coming Soon – Better Than Ethereum?
Published on July 20, 2017
A new kind of cryptocurrency is coming on line that the company claims is easier to use than ethereum. It is brought out by Jelurida, the developers behind Nxt and will use technologies already online from Nxt cryptocurrency and blockchain.
This multi chain solution with a parent-child chain architecture is called Ardor
Despite the news that the launch of the Ardor platform will happen in Q4 and not Q3 this year, anticipation swirls. An informative piece was penned by David Murry, Founder CEO at Kainui Canoe, on LinkedIn extolling the many virtues of Ardor.
Specifically, he wrote about the claims that Ardor will be easier to use than Ethereum. Listing the many benefits of Ardor, eager anticipation within the Nxt ecosystem exists for the ability to permit and easily implement cross chain asset trading. Doing so allows child chains to easily interact and therefore increase collaboration across our great community.
The tokens were distributed in October last year, though just as placeholder assets on Nxt. ARDR as an asset on Nxt will become ARDR as a coin on its own blockchain in early Q4 this year.
We’re glad to see more and more followers of our Twitter account, glad for the blockchain messages, glad to see participants reach out and give each other a helping hand by sharing additional clues, and glad to showcase some of Nxt’s many features in a fun way and give away free stuff at the same time.
Ardor/Nxt – Original and unique art painting
The Ardor/Nxt community is rich in talent. Last week we had all those wonderful submissions for the IGNIS logo to vote on. The vein of talent runs even deeper than that –
user start the art from Bitcointalk created the NXT inspired masterpiece you see below entitled ‘NXT COIN 01’ :
Title:- NXT COIN 01-
Feel freee to contact me
We can arrange the price of painting,I am open to make good deal
We are happy to support the arts and we are very impressed with this piece. If you too are impressed or inspired please contact him and inquire about it.
Art is not a language through which sophisticated people congratulate themselves on their superiority – no, it is a vibrant and powerful expression of humanity through the lens of our platform. As our community continues to grow and diversify, so can we by embracing those who produce and create products outside of the blockchain space that embraces our platform.
Video Tutorial with Riker – Creating your new Nxt account
The blockchain community can seem impenetrable if you are curious about how to become an active member of the Nxt community. Linked below is a very handy beginner’s guide to creating your NXT account, securing your passphrase, and some useful tips on how not to lose it.
Everyone was once new to this community. We welcome all and will continue to be accessible to all.
SCAM ALERT: JRLDA is NOT JLRDA
A classic case of caveat emptor – buyer beware. Jelurida tokens will not be available until August 5th. At least five people bought into JRLDA, which is not JLRDA. Likewise, there are fake coins with names like IGNIC, ARDRX, ARDRC.
Beware when you scroll the currency pages of the NXT client. These coins are flagrant attempts to skim off the success of NXT and ARDR and now JLRDA. Pay close attention to the ID’s as much as the names of any AE asset or MS coin before you purchase in order to ensure it is the genuine asset.
Meetup – BigchainDB & IPDB: Token ICOs
At a meetup in Berlin, the 3rd of August, Jelurida senior developer Lior Yaffe will speak at length about the blockchain bloat problem and introduce the Ardor blockchain platform.
Solution to the blockchain bloat problem, introduction to the Ardor blockchain platform and the Ignis ICO
Speaker: Lior Yaffe
Lior will explain the blockchain bloat problem and introduce the Ardor blockchain platform which provides a unique and elegant solution to this problem. The talk will cover advanced topics in blockchain technology such as proof of stake, forging, child chains, bundling, pegged chains and archival nodes. Finally Lior will explain the Ignis ICO and wrap it all together.
Janus – Status Update
Janus has been quiet about what they have been working on of late. This week that ended when they released a detailed post about all things new and exciting with Janus.
From the Janus message boards
Active Sites and Dividends
a) As you probably know, we got involved with the ETC (Ethereum Classic) community. As an icebreaker and to prove that we’re men of our word and know what we’re doing (more on this later), we launched ETCBets.com , an upgrade of our existing codebase to use websockets as a transport layer which gives our site awesome betting speed and massively reduced server load. The site was well received and some of the site profits were distributed to both the ETC dev team(s) and Janus holders.
b) Parallel to this, BetterBets.io is still running and processing bets using both BTC and NXT. While it’s initial reception from the NXT community was quite positive, traffic has dropped quite a bit over the past 2 months. Part of this may be our fault because we’ve been focused on our future businesses and have not done a lot of promotions and marketing; another factor contributing to the drop in traffic may be that the NXT community is simply too small to sustain large betting volumes now that the initial site ‘newness’ has worn off.
c) Since betting is an unpredictable business and lady luck can’t be relied upon to always smile our way, ETCBets.com profits in May were basically wiped out by a lucky (and/or skillful) player who managed to win a large pot. The same player came back in June and repeated his performance, leading to another low dividend month for Janus holders. Our feeling on this are (of course) mixed. On the one hand, we don’t mind players winning and our investigation showed that this player’s winning were legitimate; as such we can only congratulate him on his success (on a sidepoint, the fact that this player was able to win a significant amount of ETC should serve as proof that we run an honest and fair casino). On the other hand, since we own the bankroll and could not distribute any significant dividends to Janus holders we’re a bit saddened by our loss. But such is the gambling business, you win some and you loose some.
d) Adding insult to injury, in early July a flaw in our site was discovered and an attacker managed to make off with about 490 ETC. Due to the fact that we have certain safeguards in place the attacker could not extract more than his amount from our site, but the loss, while not crippling still hurts. We put the site into maintenance and have since re-engineered the code which was responsible for the exploit. As of 2 days ago the site is live again with dice bets; Parabolic will be put live during the course of this week. To be clear: our server was not compromised and the majority of our bankroll remains unharmed and in our possession.
a) We have reached an agreement with a new developer who will join our team before the end of July. We hope that the addition of this developer will lighten the workload of our main dev (Lobos) and allow us to speed up development of our new sites.
b) We have always said that we will not put all our eggs in one basket. As such, we have for some time had plans for some side initiatives which at least deserve a shot to see if they can grow into viable businesses. One of these initiatives is about 50% complete and it will be the task of our new dev to take the code we have so far and bring it to completion.
c) In addition to everything else which has been going on, work on our first mainstream site – TradeMimic.com – has begun and some basic pieces of functionality are starting to come together. There is still lots of work to be done for this site and completing it will be our devs primary focus for the remainder of Q3. We will keep everybody posted on progress and hope to invite some of our Janus investors to be beta testers when the site/code is ready for that.
Yours in business,
Adel – Become a Member
Another important member of the blockchain space is Adel and their coin, ADL. Over the last week, ADL has been on sale Their community continues to grow and we wish them continued success. Last week they were advertising membership status and the perks of said status.
In their own words:
ADL has been on sale this past week. Now is a great opportunity to top-up to membership status. Our community is a great opportunity to increase your knowledge and moving big ideas forward. Top up today and be part of a community incubating great ideas. Membership starts at 64 000 ADL.
If you are unsure on how to top-up, please let us know at email@example.com
When we learn together, our incubator carries that knowledge to all projects.
As an incubator for blockchain innovation we offer a unique model for startups and the blockchain industry. It will be a great opportunity to share our vision with the fast growing Prague tech community.
Do you have ideas for a blockchain project and like the idea of building it with a community of experts?
Membership privileges include:
▲ Access to the community modules (except for the Account module which everyone has access)
▲ Vote on projects based on your ADL balance
▲ Submit ideas and become an innovator
▲ Communicate & collaborate exclusively with other members
▲ Incubate ideas (I2) in Adel’s Collaboration module
▲ Collaborate Project Planning (P2)
▲ First choice to be employed in projects (Enterprise Execution, E2)
▲ Buy ADS tokens (Adelshares), in future projects
▲ Favorable rates in future community initiatives, purchases, etc.
How to Acquire ADL
You can use https://coinmarketcap.com/calculator/ to calculate how much fiat, BTC, ETH, or other altcoins are needed to acquire your ADL.
You can currently purchase ADL on 3 different exchanges:
1 – NXT Asset Exchange (Asset ID: 17477397104276156702)
2 – https://Stocks.Exchange (trade BTC or NXT)
3 – https://CryptoDAO.com (trade BTC, LTC, ETH or DASH)
Review their Vimeo channel for videos on how to use the exchanges http://www.vimeo.com/AdelEcosystem
Remember: Bounty programs are also available to earn ADL. If you have a skill in writing, creating video blogs, doing promotions, performing digital marketing, or even if you know someone who can help their community grow, then reply to firstname.lastname@example.org for more details on their bounty program, or check out their frequently asked questions: https://adelphoi.io/faq
More information: www.adelphoi.io
Bitswift Token Migration
As Bitswift prepares for their token migration to Ardor as a child chain, documented last week, they announced how they will be hosting the token swap. The Bitswift market will be suspended as of 6:00 PM PDT on August 11, 2017 with new tokens being credited to Bittrex. Trading will only resume when both Bittrex and BDA Inc. are satisfied with the migration.
This is great news for both the Bitswift community and us Nxters in the Nxt community as we can collaborate together and synergistically grow our platforms and build upon each other’s success.
In their own words:
Bittrex Swap Info:
To make this process easier, Bittrex will be hosting the token swap. The Bitswift market will be halted and withdrawals suspended at 6:00 pm PDT on 8/11/2017 while the new tokens are credited to Bittrex. Trading will resume only when both Bittrex and BDA Inc are satisfied with the migration, with Bitswift users now trading the new tokens. Bitswift users balances will reflect the same total that they had prior to the swap. The old Bitswift tokens will be collected by BDA Inc from Bittrex. The old Bitswift tokens will no longer be supported by Bitswift companies and will no longer be traded on Bittrex.
Weekly Reminder – Do you want NXT on your exchange?
A new week brings us back down memory lane; or back into the classroom for the uninitiated – exchange integration. The following page contains detailed information of how to link NXT to a currency exchange platform, an important part of building any exchange.
Ardor Explained, by Lior Yaffe Himself
Nxt, Ardor, all these terms are thrown around a lot here. The distinction between Nxt and Ardor is vital to know as it is one of the main selling points of the Ardor Platform. Based on the Nxt Platform, Ardor migrates from the testnet and has its Genesis later this year in Q4.
This video of Jelurida’s managing directory Lior Yaffe provides an excellent summary of Ardor and explains the key selling points of the platform and explains why it will be successful and revolutionary in the blockchain space. The perfect video to send to your friends who are curious about what Ardor is.
NXT IN THE MEDIA
Steemit – IGNIS ICO Date released!
Steemit announced to the world the long awaited news of the IGNIS ICO in a short post. Details of the ICO are in short:
Start Date: August 5, 2017
End Date: October 14, 2017
Early Bird ICO price: 0.4 NXT = 1 IGNIS
Late Bird ICO price: 1.45 NXT = 1 IGNIS
BtCurrencies – Ardor (ARDR)
As we approach the launch of Ardor, more and more news about it is available in the media. Last week, BtCurrencies explained Ardor and and its benefits and gives details of the upcoming ability to earn blockchain fees from child chains spun off from the parent chain, detailed in the new JPL referenced earlier.
TradingView – NXT Double Bullish Divergence
TradingView – NXT Buy Opportunity
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:
That wraps up the news for the week. Upcoming we will analyze the IGNIS ICO. Stay tuned for next week as we continue to provide you with all the relevant and exciting news for Nxt, Ardor, and all things involving the accelerating growth of the blockchain space. We love our community, we would be nothing without you guys/gals!
Follow us on Twitter for important breaking updates during the week as they happen. Stay committed and stay informed fellow Nxters! See you next week.