IGNIS Crowd Sale Update

Lior Yaffe
1 min readSep 1, 2017

Second round of the IGNIS crowd sale is over. Sixteen batches of IGNIS tokens sold almost instantaneously as they were made available.

First 12 batches of 5M Ignis were sold for a total of 24M NXT the next 4 batches of 20M Ignis were sold for 44M NXT for a total of 68M NXT raised so far, which represent a value of more than 6M€ at current NXT market rate. There are still three more rounds to go, see https://www.jelurida.com/ico

Furthermore, the batches were effectively sold before the sell offer transaction was even submitted since buyers already scheduled their buy transactions before the sale started, using a one of a kind solution introduced by the NXT developers, and these transactions once broadcast could not have been reverted.

Immediately after the Jelurida sell offer was submitted to the unconfirmed pool, hundreds of scheduled buy transactions where automatically submitted to the network by a built-in bot running on every full node. This bot was introduced in v1.11.7 in order to provide buyers an equal opportunity to buy, in this heavily over-booked sale.

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Lior Yaffe
Lior Yaffe

Written by Lior Yaffe

Co-Founder and Managing Director of Jelurida. Ardor and Nxt core-developer

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