Ignis
Crypto Overview
Overview
Ignis is a child chain of the Ardor blockchain platform, launched in 2018 by Jelurida. It is designed to provide a feature-complete blockchain platform that leverages the security of Ardor's parent chain while offering smart contracts, asset creation, and voting capabilities.
Purpose and Utility
The primary intended purpose of Ignis is to serve as the main transactional token for the Ardor platform's first child chain. It enables users to create and trade digital assets, set up marketplaces, conduct polls, and execute smart contracts. The token is actively used for its intended purposes within the Ardor ecosystem.
Business Model
The business model appears to be based on legitimate blockchain utility, focusing on providing a platform for digital asset creation and management. There is no evidence of involvement in prohibited activities like gambling or interest-based lending.
Real-World Adoption
While adoption remains limited, the platform maintains steady development activity and continues to be used for its core functions. The project has maintained consistent development and updates since its launch.
Token Distribution
The initial distribution was conducted through a snapshot of NXT holders, with a portion reserved for development. The distribution method appears fair and transparent, with no concerning concentration of tokens among founders.
Technology and Revenue Model
The platform's revenue model is based on transaction fees and platform usage, not on interest or prohibited activities. The underlying technology focuses on providing legitimate blockchain services without involving any haram elements.
Crypto Impact
To assign a comfort level investing in Ignis from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Ignis.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.