Ignis

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.