Jelurida, Nxt, Ardor, Ignis, Mumbo Jumbo
When you first come across new words and logo’s in the crypto space it feels so confusing. It’s also difficult to understand especially when you come across something like this:
“The token sale itself will be conducted on the Nxt blockchain platform. JLRDA tokens are not transferable or tradable between accounts and for 1 JLRDA, the crowdsale participant will receive 1 IGNIS at the time of Ardor Genesis Snapshot. For 1 JLRDA token the participants in the IGNIS crowdsale will receive 1 IGNIS coin at the time of the Ardor Genesis Snapshot. The last batch of 100 M JLRDA tokens will be reduced by up to 20 M tokens allocated by Jelurida for promotional and marketing use.”
What the heck? Then read this summary here.
Even Arthur Penzl who provides updates from the Nxt community states: $NXT, $IGNIS, $ARDR — picking the right one to invest in IS complicated.
Hopefully the picture below will help. Jelurida is the over arching corporate identity that owns the IP rights of Nxt. Nxt is a platform written in Java and is it’s own blockchain. Ardor is like Nxt 2.0. It incorporates the fundamental features of Nxt but has extra features such as messaging and voting capabilities. Then we have Ignis which is a newly created application that interacts with Ardor and has recently ICO’d.
This will then make sense
- https://medium.com/@icomagazine/kickico-taking-the-advantages-from-most-problem-in-icos-raising-fund-as-a-platform-9c6a7da728a5 – when ICO’s first began.
So that is how they are connected and hopefully will get you started. It is definitely interesting and worth investigating because the fundamentals are there. It’s not an overnight ICO with a MVW (Minimum Viable Whitepaper). It actually has a blockchain play unlike ICOs nowadays that just distribute tokens like diarrhea left right and center!