Ardor

Overview

Ardor is a blockchain-as-a-service platform launched in 2018 that uses a parent-child chain architecture. The ARDR token serves as the main token for securing the network through Proof-of-Stake consensus.

Purpose and Utility

Ardor was designed to solve blockchain bloat and scalability issues through its unique architecture. The ARDR token is used for network security and transaction fee payments. Child chains can be created for specific business uses while leveraging the security of the main chain.

Business Model and Implementation

The platform provides legitimate utility through:

1. Proof-of-Stake validation using ARDR tokens
2. Transaction fee payments
3. Creation and operation of child chains
4. Secure messaging and data storage
5. Asset exchange functionality

Development Activity and Adoption

The platform maintains steady development activity through its parent company Jelurida. While adoption remains limited, there are several businesses using Ardor's child chains for legitimate use cases including supply chain management and digital asset trading. The project demonstrates ongoing technical progress and maintenance.

Token Distribution

The initial distribution of ARDR tokens was done through a token swap from NXT holders, with no ICO or pre-mine. The distribution appears relatively fair, with no concerning concentration of tokens among founders.