Last year was a similar event and every NXT holders received the same amount of ARDR coins, and I didn't saw or understand the truly potential of it, but this time I'm not going to miss it again.
What do you have to do?
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''.
What you should do?
- Never invest more than you can afford to lose ( this is the most important advice that everyone will tell you)
Why did I bought NXT?
- I had the chance to buy it cheaper
- I will hold NXT until the snapshot will be over
- It was profitable in the past and it might be profitable again in the future