Ignis Jelurida is developing its next-generation scalable blockchain platform called “Ardor” which is currently running on testnet. The unique design of the platform allows the spontaneous existence of multiple blockchains known as “child chains”. It has many features and also guarantees high-level security. The first child chain of Ardor will be Ignis child chain which uses IGNIS tokens for its operation.
IGNIS and ARDR coins will be allocated to user’s accounts in the Ardor genesis block. The distribution will be based on a one–time snapshot conducted over the Nxt blockchain. The total amount of IGNIS coins issued will be equal to half of the amount of NXT coins. It exists on the Nxt blockchain at the time of the Ardor Genesis snapshot. Nearly half of the IGNIS coins will be reserved and distributed directly to the NXT holders based on their account balances at the time of the Ardor Genesis Snapshot.
Ignis token sale 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 increases at each round. The ARDR coin distribution will be 100% based on ARDR asset balances from the Nxt blockchain. Each user’s account automatically receives the same number of ARDR coins on the Ardor platform as the number of ARDR tokens.