Ignis ICO
As previously announced, the next generation Ardor platform, to be launched in production in Q3 2017, will use ARDR coins for the parent chain, and IGNIS coins for the first child chain.
ARDR and IGNIS coins will be allocated to user accounts in the Ardor genesis block. Their distribution will be based on a one-time snapshot, to be conducted shortly before the Ardor launch, as follows:
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, and have been freely tradable ever since. No new ARDR coins will be created.
For the IGNIS coin distribution, each NXT holder at the time of the snapshot will automatically receive only 0.5 IGNIS coins for each 1 NXT they hold on the Nxt blockchain. Jelurida will conduct an ICO (Initial Coin Offering) for most of the 500,000,000 remaining IGNIS coins planned to be created, in a crowdfunding sale, to be performed before the above mentioned snapshot. The funds collected in the ICO will be used by Jelurida to ensure the future development of the Nxt and Ardor blockchain platforms. Some small percentage of IGNIS coins may be kept by Jelurida for future use, but as the goal of the ICO is to provide financing for the company, most of the funds collected will be converted to fiat and not kept in crypto.
Full details of the ICO terms and conditions, with exact amounts and timeline, will be published as soon as all details have been finalized, but at least one week before the start of the ICO.
https://www.jelurida.com/ico