August 2017 (III)
Welcome again, fellow Nxters! The IGNIS ICO is underway with Round 1 finishing up last week. Last week was an eventful one and we have much to catch you up on. Regardless of whether you are a new reader, welcome, or a long time reader, welcome back, we are happy you are here.
The in-progress IGNIS ICO has been eventful, with whales showing up and consuming entire batches but minnows finally bought in too. This week we report on the highlights of Round 1 of the ICO, report on the Bitswift token swap, inform you how to start developing for the platform, and much more.
- IGNIS ICO
- End of Round 1
- Buy JLRDA using scheduled transactions
- Scam Assets
- NxtWiki – IGNIS Token Sale FAQ
- New video introduction to the Ardor Platform
- #OpEasterEgg Resumes
NXT IN THE MEDIA
This week’s newsletter is put together by James, apenzl, jose, rubenbc.
With last week’s release of version 1.11.7 of the NRS client, minnows were able to buy into the IGNIS ICO. A whale ate most of the first three batches of 5M tokens each – 3 percent of the tokens available in Round 1 of the ICO were purchased in a matter of seconds by the user, “MAAC”. He accomplished this by spamming phased JLRDA buy orders into the blockchain ahead of time, with high transaction fees – some at 10 NXT and others as high as 20.
The first Round was a success for Jelurida – all 60 M JLRDA tokens were purchased for 24 M NXT. Almost 14% of the ICO tokens have been purchased and Jelurida is well on their way towards their goal of raising €50 M. Round 2 of the ICO begins later in the month, Aug 26, at 0,55 NXT per JLRDA – a rate 1.82 Jelurida : 1 NXT – 80 M tokens will be available for purchase in Round 2 at this price.
News from Kristina
Kristina Kalcheva, on behalf of Jelurida:
Dear Nxters, the first round of IGNIS ICO is now over, 60 M JLRDA tokens were sold and 24 M NXT collected! Thank you all for your contribution! The second round will start on August 26.
And please be careful and remember that JLRDA tokens are not transferable or tradable! If someone sends you small amounts of similarly named tokens or even NXT this has nothing to do with the IGNIS ICO and can very likely be a scam attempt!
Update your NRS Client to Participate
To participate in the IGNIS ICO, the Nxt Client 1.11.7 is highly recommended.
The availability schedule of the 4 Rounds left (380M IGNIS) are as follows:
Buy JLRDA with Scheduled Transactions
Lior Yaffe, going by his handle – Riker, explains how to participate in the IGNIS ICO by scheduling transactions ahead of time. This is how the whale, MAAC, purchased in excess of 14 M JLRDA tokens – by scheduling ahead of time the transactions for purchases. You too can be like MAAC and use this feature of the NRS to your advantage. Due to the high volume of demand for the JLRDA tokens it is advised that you schedule transactions in order to buy, otherwise your chances will be very, very small.
The 12 batches Round 1 are complete. Do not worry, do not despair – there is still plenty of time left to buy into the ICO.
Be careful , JLRDA tokens are non transferable and only can be purchased from the NRS client, v1.11.7, and you should only buy through the IGNIS TOKEN SALE page.
A (nonexhaustive) list of known scam assets is below and has been removed from Nxter.org’s Assethub:
THIS – and only this – Nxt Monetary System Crowdfunding Coin is the real JLRDA token:
Live data from the Nxt blockchain
FAQ about the IGNIS Token Sale
Due to the demand for answers, a FAQ section of the Ignis ICO has been enabled on NxtWiki. In it, all the important information about the ICO, from how to obtain JLRDA to how to set up a Nxt wallet and many more questions asked on the nxchat.slack forum have been answered in a clear and concise format.
What is the JLRDA token?
The JLRDA token is an NXT token of type “Controllable Currency” which represents the future IGNIS balances on the Ignis blockchain. Being a Controllable Currency only the issuer of the currency i.e. Jelurida can sell it, and once sold it cannot be freely transferred between accounts. Read about the “CONTROLLABLE” currency property  for more details.
Can I buy IGNIS tokens using Bitcoin or another altcoin?
Not directly, since we believe Nxt is a better crowdfunding platform than anything else out there, we would like you to buy NXT in order to buy IGNIS.
After buying IGNIS tokens in the token sale what do I need to do?
All you need to do is remember your NXT account passphrase. The same passphrase will be used on the Ardor mainnet to access your IGNIS tokens once they are distributed.
When will exchanges support the IGNIS token?
Probably after the Ardor mainnet launch. Before that the IGNIS tokens are locked as JLRDA controllable currency and cannot be traded.
Do not attempt trades of JLRDA tokens off blockchain since this is likely a scam.
Many more questions are answered in the wiki. The IGNIS ICO is underway for the next couple months and Round 2 begins Aug. 26.
New video introduction to the Ardor Platform
The Jelurida IGNIS ICO is being used to fund the development of Nxt 2.0, Ardor. This revolutionary platform is explained in great detail and highlights the important features that make it efficient and better than other platforms for the solutions it provides to many well-known blockchain problems, blockchain bloat being the primary one.
A more in depth video presentation of Ardor, by Nxt and Ardor core developer Lior Yaffe, can be found here.
After a brief hiatus, we are resuming the #OpEasterEgg hunts! We are 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.
Adel – Update – Response to SEC Release
Adel released a response to a recent SEC release regarding ICO’s from distributed autonomous organizations (DAO’s). Adel will soon have the first KYC/AML/CTF compliant ICO in the world. They have worked diligently with authorities to position themselves as such.
In their own words:
The Securities Exchange Commission recently released a statement regarding Initial Coin Offerings related to the DAO and other distributed autonomous organisations (DAO), in general. Here are the details on the recent SEC report, deliberating ICO schemes under the US securities regulations: https://www.sec.gov/news/press-release/2017-131
*Adel’s Response ▲ SEC Release #81207 on the DAO*
To clarify Adel’s market position and future plans for its ecosystem, we felt it prudent to prepare this statement, to differentiate our strategy to DAO-based business models:
▲ Adel is the first ICO in the world to confirm with AML/CTF/KYC regulations (Anti Money Laundering and Counter-Terrorism Financing) including implementation of KYC (Know Your Customer) measures. This legal foundation was crucial to establishing legitimacy to Adel’s future.
▲ Adel is mindful of existing and pending regulations. Compliance has been a pivotal consideration to the architecture of the Adel ecosystem.
▲ Adel continually monitors securities regulations, and we endeavour to align our initiatives with regulatory changes.
▲ Adelphoi (ADL) is a cryptocurrency coin, issued within the legal jurisdiction in the Isle of Man by Adel Ecosystem Limited (a private limited liability company), residing at Salisbury House, 15 Victoria Street, Douglas, Isle Of Man, IM1 2LW.
▲ Adel Ecosystem Limited is registered as a designated business with the Isle of Man Financial Services Authority, which insures AML/CTF compliance.
▲ Adel’s second phase – referred to as the blockchain innovation incubator – has not yet been launched, since it is currently being architected, as outlined in our 10th white paper.
▲ It is the intention that Adel`s second phase will utilize a new Adelshare (ADS) token, enjoying the benefits of a distributed ledger. The legal status underlying ADS tokens will be fully compliant with existing regulations.
Bitswift – Update: Bittrex Swap
Last Friday the Bitswift token swap happened on Bittrex.
— Bitswift Tokens (@Bit_Swift) August 10, 2017
The swap is a preparation for Bitswift’s Ardor child chain migration.
We welcome Bitswift to our platform and look forward to a long and rewarding relationship.
The Bitswift child chain token distribution will be done as part of the Ardor Genesis Snapshot.
You will be able to use your existing Nxt passphrase to access your new Ardor child chain Bitswift balance.
Ignis Holder Credit:
After calculating the Ignis balance of each account based on NXT and JLRDA holdings, another calculation will be run that allocates 10% of the Bitswift tokens to IGNIS holders based on those IGNIS balances.
All unclaimed tokens will be sent to a public address where they will be reserved by BDA Inc. for those who missed the token swap, as well as to be allocated in a transparent manner to facilitate in the ongoing development of the Bitswift ecosystems. Exact details pertaining to the unclaimed allocation will come at at a later date.
OFFICIAL CORE GROUP ANNOUNCEMENT
With a timely migration to Waves Platform, we now set in place the architecture for Core Group to move forward comfortably with a merger of the two former Assets Core and Core Media
Current Core Asset Supply: 1,000,000
– in public circulation currently are 598,360
– in Core Group Team fund currently are 242,000 (part of these tokens will be used for Core Media asset swap, part will be used for marketing, bounties, partnerships and business development)
– public assets left for sale 159,640.
Core Assets will be swapped at a ratio of 1:1
NXT Asset Id: 18026565504333172181
Issuing Account – NXT-T4BJ-M2B6-9LHP-8YG77
Current Core Media Asset Supply: 478,998
– we have decided to swap only the public Core Media assets in public circulation
– the rest of the tokens have been burned.
Core Media assets will be swapped at a ratio of 10:1
NXT Asset Id: 1584198250936051677
Issuing Account – NXT-T4BJ-M2B6-9LHP-8YG77
This ratio represents the effectiveness of past activities, members and partners, with consideration that CORE is representing the main part of the enterprise.
THE SWAP PROCEDURE
Send your Core and Core Media assets, from your NXT account to the Issuing account NXT-T4BJ-M2B6-9LHP-8YG77 along with a message that contains your WAVES public address.
Please check and double check the WAVES address you provide is correct. There is no way to reverse the transfer of your new Core token if you send us the wrong address.
1,000,000 Core Group tokens have been created on the Waves Platform.
Please swap before September 1, 2017 as we will burn unswapped assets shortly thereafter.
Nxt Hacks – Ardor / Nxt Scripts
The resourcefulness of our community is exceptional. This week we are happy to link you to a GitHub repository where a user, gcmartinelli, has created a quick and dirty script that alerts you in Telegram when the JLRDA tokens are available for purchase. Check out his repo below, you will need the NXT (NRS) server running and the Python Requests Library.
Weekly Reminder: Getting Started as a Developer
With all the buzz and hype around Nxt, Ardor, and Jelurida, the blockchain space is growing exponentially and we are entering the age of Baas (Blockchain-as-a-Service). Developers for the Nxt/Ardor blockchain are needed and Lior Yaffe introduces how to begin and immerse yourself in the world of the Nxt and Ardor blockchain.
Any eager developers out there looking to learn how to create useful apps and functionality – this is the portal to your journey.
NXT IN THE MEDIA
Small Reference of Ardor in Dutch
Small announcement of Ardor in the Dutch newspaper AD that explains the hype surrounding the Ardor to the average, lay person.
An easy and informative read, in Dutch.
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 busy week, Nxters. Stay tuned next week for more up-to-date coverage on the IGNIS ICO, the launch of Ardor, media coverage, and much more. For those who cannot wait a week to learn more about the IGNIS ICO, we have our ICO Coverage series running. 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.