Jelurida is developing its next generation scalable blockchain platform – Ardor, currently running on a testnet. The unique design of this platform allows the simultaneous existence of multiple blockchains, known as child chains, with many features and with their security guaranteed on a global level by the parent Ardor chain. The first child chain of Ardor will be the Ignis child chain which will use IGNIS tokens for its operation. All existing and well tested Nxt blockchain features will be available on the Ignis child chain, with multiple Ardor platform specific enhancements being added.
IGNIS and ARDR coins will be allocated to user accounts in the Ardor genesis block. Their distribution will be based on a one-time snapshot conducted over the Nxt blockchain (the "Ardor Genesis Snapshot"), to be performed shortly before the Ardor launch, as follows:
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, 440 M (four hundred and forty million) will be offered to the general public in a crowdsale (ICO), and 60 M (sixty 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 on August 5, 2017.
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 five consecutive rounds. The price of the JLRDA tokens will be denominated in NXT and will increase at each round. Each round will last one week and there will be at least a one week break between subsequent rounds. The dates, prices, and amounts of JLRDA tokens to be offered for sale will be as follows:
|Dates||JLRDA tokens for sale||Price of 1 JLRDA in NXT|
|Aug 26 - Sep 02||80,000,000||0.55|
|Sep 09 - Sep 16||100,000,000||0.76|
|Sep 23 - Sep 30||100,000,000||1.05|
|Oct 07 - Oct 14||up to 100,000,000||1.45|
The first round is now sold out! 60 M JLRDA were sold and 24 M NXT collected. Thank you all for your contribution!
The second round of the crowdsale will be 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 UTC
Tue, 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 will be decided randomly. Jelurida reserves the right to modify the above schedule in case of circumstances beyond its control.
For 1 JLRDA token the participants in the ICO will receive 1 IGNIS coin at the time of the Ardor Genesis Snapshot.
The last round of 100 M JLRDA tokens will be reduced by up to 20 M tokens allocated by Jelurida for promotional and marketing use. Jelurida will keep as NXT 20% (but not more than 40 M NXT) of the NXT coins collected in the crowdsale. Jelurida will convert the rest of the collected NXT to fiat or BTC, but reserves the right to do so in portions, or at a later time depending on market conditions, and in general in a way that will maximize the amount of funding the company will eventually receive when converted to fiat currencies.
In case any batch is sold out before the end of the designated time frame, the next round will still start as scheduled and will not be moved earlier.
If any batch is not sold completely at the end of the designated time frame, the remaining unsold JLRDA tokens will be added to the next batch. If not all of the JLRDA tokens are sold by the end of the last batch, Jelurida reserves the right to decide what to do with the unsold amount depending on the outcome of the crowdsale.
Due to the high market volatility, Jelurida reserves the right to postpone or modify the schedule of the ICO if the market conditions change significantly.
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. The launch of Ardor will therefore be done in Q4 instead of Q3, the delay being due to the complexities of setting up and running a legally compliant ICO.
The ARDR coin distribution will be 100% based on ARDR asset balances from the Nxt blockchain, in 1:1 ratio, with each user account automatically receiving the same number of ARDR coins on the Ardor platform as the number of ARDR tokens they have at the time of the snapshot. As a reminder, ARDR tokens on the Nxt blockchain were allocated to NXT holders based on their average NXT balances during a three month period in 2016. ARDR tokens have been freely tradeable ever since. No new ARDR coins will be created.
How to participate in the IGNIS crowdsale
Since the crowdsale will be conducted on the Nxt blockchain platform, you need to use the Nxt wallet in order to participate. You should install and use the latest stable version (v1.11.8 or later) of the official Nxt client software:
The Windows and Mac installer packages have a digital signature by "Stichting NXT", and the Unix and Zip packages are signed with the Jelurida Release Signing GPG Key, fingerprint 73A6 4D78 91CA FF5D 1367 638E C654 D7FC FF18 FD55.
You also need to have an Nxt account. You can either create a new account using the client or use an existing account if you already have one. There is an “IGNIS Token Sale” link displayed in the client which takes you to a page where you can buy JLRDA tokens – the technical tokens which will facilitate the Token Sale. You will have to accept the full legal terms and conditions of the token sale before you can access that page. When JLRDA tokens are listed for sale during each of the scheduled crowdfunding periods, you will be able to buy them from the IGNIS Token Sale page using NXT. This page also allows you to purchase NXT using the third party ShapeShift and Changelly exchanges, or you can acquire NXT in advance from exchanges such as Bittrex and Poloniex.
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.
Because the demand for JLRDA tokens highly exceeds the supply released at each round, it is possible that your purchase request transaction will not be filled, or be filled only partially, if the available JLRDA supply has already been consumed by other purchase transactions. For that reason, participation in the early stages of the IGNIS Token Sale where the price is particularly attractive should be considered as a lottery, with no certainty that your purchase attempt will be successful. However, since transactions are included in the blockchain permanently, your transaction fees will not be refunded even if the purchase request has been unsuccessful.
Here is a video showing how to use the Nxt client to participate in the IGNIS Token Sale:
You can also participate in the crowdsale using the Jelurida hosted public Nxt node which gives you direct access to the Nxt blockchain at https://nxt.jelurida.com/, however it is recommended that you download and use the Nxt software, configured as a full node (not as a light client) rather than participating through the website. While we will do our best to keep this website accessible and running during the IGNIS Token Sale, neither Jelurida nor its employees or affiliates shall be held responsible if the website is (temporarily) not available, not accessible, has performance issues, is subject to an attack or is not accessible from your location.
FAKE TOKENS WARNING
It is possible that fake tokens with similar or the same name created by third parties also appear in other areas of the wallet such as the Asset Exchange or the Marketplace. Due to decentralized nature of the blockchain it is not possible to prevent the creation of such tokens and the Company shall not be held responsible for any losses or damages, or inability to receive IGNIS, arising from users purchasing such third party tokens.
ALWAYS USE THE “IGNIS TOKEN SALE” LINK IN THE WALLET HEADER FOR PURCHASING OF JLRDA TOKENS!
The next round starts Aug 26th. NO MORE JLRDA TOKENS WILL BE SOLD UNTIL AUG 26th. SINCE JLRDA TOKENS ARE NOT TRADEABLE AND NOT TRANSFERABLE, ANYONE TRYING TO SELL YOU JLRDA TOKENS NOW IS SELLING YOU FAKES!!!!
All official information regarding the IGNIS ICO will be published on the Jelurida website only. If you receive information from other sources always make sure that it is consistent with this page. In case of discrepancy between the English text and any translation, the English version shall be considered the official and correct one.