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How to buy Ardor (ARDR) and Ignis (IGNIS)

Learn more about Ardor, Ignis and Nxt

Ardor is a blockchain designed specifically for business applications.

The defining feature of Ardor is a uniquely flexible multiple blockchain system consisting of parent and child chains. It’s designed to let any business create and program its own blockchain solutions with a range of different functions.

To understand how it all works, the first thing to know is how the Nxt (NXT), Ardor (ARDR) and Ignis (IGNIS) blockchains and tokens tie together.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

An IGNIS token airdrop will take place on 28 December 2017. All current NXT token holders will be credited with 0.5 IGNIS per NXT token held.

How to buy ARDR and NXT in Australia

All of the following exchanges let you buy or trade for both ARDR and NXT in Australia.

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
BPAY
Cash
Cryptocurrency
POLi
AUD
BTC, BCH, ETH, XRP, ADA, XEM, LTC, XLM, TRX, DASH, NEO, XMR, EOS, QTUM, BTG, LSK, ETC, XVG, SKY, NAS, LINK, GO & over 100+ more
CoinSpot is an Australian-based marketplace that allows you to easily buy, sell or trade more than 100 cryptocurrencies.
Cryptocurrency
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Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
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USD, EUR
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Poloniex Digital Asset Exchange
Cryptocurrency
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Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
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IGNIS will not be available for direct sale until the launch of the Ignis chain.

Should I buy ARDR or NXT?

Both IGNIS and ARDR will be needed to participate fully, and unless you bought into the ICO, the only way to get IGNIS before it begins public trading is to buy NXT before the airdrop.

ARDR and NXT follow extremely similar price movements and are valued at almost identical amounts.

People who believe in Ardor might want to buy both until Nxt and Ardor split up. At the start of 2018, Ardor and Nxt will be going their own separate ways.

The three blockchains

The platform has three different blockchains to know about, each of which has its own tokens.

The blockchainHow it worksAbout the coin
Nxt (NXT)Nxt is a system that aims to let individuals and organisations develop their own blockchains and tokens. It’s primarily designed to be a blockchain creation platform.The Ardor blockchain is currently being held as a test platform on the Nxt blockchain, but on 1 January 2018, it will be migrated to its own system.NXT tokens are the native token of ARDR. Users who hold NXT tokens at the time of the Ignis chain creation (on 28 December) will be credited 0.5 IGNIS per NXT.
Ardor (ARDR)Ardor is a flexible blockchain based on Nxt but with a range of new features. The main feature is its ability to support a number of child chains, each of which can have its own distinct features. Its aim is to handle the network security and processing power for these child chains. Essentially it maintains and powers them.ARDR is the native currency of Ardor. It’s a proof-of-stake token that handles security and processing on child chains and can also be traded with child chain tokens.
Ignis (IGNIS)The first Ardor child chain. It’s designed to serve as the main entry point for Ardor. The Ignis chain is largely a replica of NXT. It’s designed to be the platform on which organisations create their own blockchain solutions to be serviced by the Ardor network. It’s mostly designed to offer unlimited possibilities and flexibility.IGNIS is the native currency of Ignis. It’s required to use and access the features of Ardor.

Learn more about Ardor and Ignis

Ardor and Ignis are designed to work in tandem in order to allow businesses to create their own customisable blockchain solutions.

Essentially, an organisation can create an Ardor child blockchain that comes preloaded with a range of features, which can individually be disabled as needed.

It can also be easily added to through Java programming, letting organisations customise their own blockchains as desired.

Each child blockchain can create and use its own tokens. These might be kept inside that child blockchain for internal use only, such as if a company wants to create an employee rewards systems for internal use or can be pegged to fiat currencies or other tokens in order to give them weight.

Applications of this include the following:

  • Making cross-border payments and money transfers
  • Providing low-cost digital payment solutions
  • Offering a more secure way of managing assets of all kinds
  • Allowing for secure voting systems with flexible counting options
  • Anything else an organisation can program into the blockchain

For security, power and ease of use, the Ardor blockchain aims to handle the security and processing on child blockchains.

What to consider before buying ARDR/IGNIS?

Traders may want to investigate Ardor to see if it is a simple, cost-effective way for a business to get a flexible blockchain solution that works for them.

Traders may find it difficult to predict the eventual value of the tokens since it’s largely dependent on what kind of uptake Ardor sees and what kinds of applications it ends up being used for.

It’s worth noting that many aspects of the Ardor blockchain are already proven. Nxt is now old by cryptocurrency standards – it was created back in 2013. It has proven its functionality and reliability since then, but traders should still investigate whether the Ardor and Ignis blockchains are likely to operate with similar reliability.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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