Few days left for IGNIS token give-away!!"IGNIS DISTRIBUTION:
The total amount of IGNIS coins issued will be equal to half of the amount of NXT coins existing on the Nxt blockchain at the time of the Ardor Genesis Snapshot, plus 500 M (five hundred million).
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.
From the remaining 500 M (five hundred million) IGNIS, 420 M (four hundred and twenty million) will be offered to the general public in a crowdsale (ICO), and 80 M (eighty million) will be kept by Jelurida. The funds raised during the IGNIS token sale will be used for the further development, maintenance, advancement and world-wide promotion of the Nxt and Ardor blockchain platforms, as well as protecting the intellectual property of the code base.
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).
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. The price of the JLRDA tokens will be denominated in NXT and will increase at each round. Each round will continue one week and there will be at least one week break between subsequent rounds. The first few rounds will be priced attractively compared to the 2:1 snapshot ratio, but the price will increase significantly for the later 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. 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.
The Ardor Genesis Snapshot will be performed at least two weeks after the end of the last JLRDA sale round.
For 1 JLRDA token the participants in the ICO will receive 1 IGNIS coin at the time of the Ardor Genesis Snapshot."
NXT wallet: https://nxtplatform.org/download/
