Ignis transactions are “bundled” and validated by the Ardor parent chain’s proof of stake consensus. Bundlers can be run by anyone and they are nodes that collect transaction fees in the native child chain token, IGNIS, while paying with ARDR tokens to send the child chain transactions for validation on the parent chain. Five custom bundler templates are built-in to the platform to enable app and service owners to sponsor the transaction fees for only their intended end-users, eliminating the need for users to directly interface with the blockchain.

Jelurida, the company behind NXT, is building Ardor as a next-gen version of NXT. The platform will feature child chains as a service, the first of which will be Ignis which will be IGNIS for its operations. All of the existing and well tested Nxt blockchain features will be available on the Ignis child chain, with multiple Ardor platform specific enhancements being added.

IGNIS is the native operational token of Ignis - the first child chain of Ardor. In order to access the features of the Ignis child chain, users will require the IGNIS tokens. In short, IGNIS is the entry point to Ardor – an innovative platform built on the solid proven foundation of the Nxt blockchain. IGNIS gives access to the rich functionality of the platform and the unrestricted features of the permissionless Ignis child chain, such as asset exchange, coin exchange, account properties, messaging, aliases, marketplace, voting, conditional transactions, composite phasing, etc.

Team:

• Kristina Kalcheva: Co-Founder 
• Lior Yaffe: Co-Founder, Senior Developer 
• Petko Petkov: Co-founder, Core Developer 
• Tomislav Gountchev: Lead Software Architect 

Jelurida will be holding an ICO for Augur, starting on the 26th of August (2nd round) and lasting until the 14th of October with some pauses along the way. 

The total amount of IGNIS coins issued will be equal to half of the amount of NXT coins existing on the Nxt blockchain at the time of the Ardor Genesis Snapshot, plus 500 M (five hundred million).

Approximately half of the IGNIS coins will be reserved and distributed automatically to the NXT holders based on their account balances at the time of the Ardor Genesis Snapshot, at 1 NXT = 0.5 IGNIS ratio.

From the remaining 500 M (five hundred million) IGNIS, 440 M (four hundred and forty million) will be offered to the general public in a crowdsale (ICO), and 60 M (sixty million) will be kept by Jelurida.

There are bonuses for the Ignis ICO

Bonus Structure: