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P4ndoraBox

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Ardor total supply related question
« on: December 17, 2016, 06:11:38 am »

Quick but important question.

If there is a total of 100 millions Ardor and that only 50 millions are available worldwide.

What will be the purpose of the 50 millions Ardors that are held, and where are them actually ?

Looking forward, thx.

Edit : 500 millions of an available supply of 1,000 millions ardor, or 6180 btc at 1230 satoshis ( actual ardor value ) or 4,860,000.00 USD.
« Last Edit: December 18, 2016, 08:03:39 am by P4ndoraBox »
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wolffang

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Re: Ardor total supply related question
« Reply #1 on: December 17, 2016, 08:44:42 am »

There are around 1 billion Ardor.
Nothing is held back.

What do you mean with that?  ???
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P4ndoraBox

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Re: Ardor total supply related question
« Reply #2 on: December 18, 2016, 07:36:12 am »

Ill search back where I found that info and come back to you tomorrow.
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P4ndoraBox

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Re: Ardor total supply related question
« Reply #3 on: December 18, 2016, 07:58:52 am »

https://coincheck.com/en/blog/1777

Ok I found it. You may as well simply write " 50 millions Ardor " on google and there is a bit of info about it as well.

50% of the Ardor coins are held to the developpers.

So my question remain, what are the purposes of holding that tremendous amount ?
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P4ndoraBox

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Re: Ardor total supply related question
« Reply #4 on: December 18, 2016, 08:03:52 am »

Edited first post.
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lurker10

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Re: Ardor total supply related question
« Reply #5 on: December 18, 2016, 08:20:24 am »

It isn't about Ardor, the forging token main chain.

It is about Ignis, the first child chain. 50% of distribution of Ignis will go to fund development and marketing. At the current price it is far from huge, Ardor+Ignis marketcap is 9.6$ million as of today, suppose half of the value is Ignis, that is 4.8$ million, then 2.4$ million is the development and marketing fund to last them some years. Lisk, Waves got 5x-7x more than that in ICO as just a couple of examples, and they got them in more liquid Bitcoin. So 2.4$ million value is likely a very bold assumption, because it isn't as liquid.
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Re: Ardor total supply related question
« Reply #6 on: December 18, 2016, 11:22:18 am »

It isn't about Ardor, the forging token main chain.

It is about Ignis, the first child chain. 50% of distribution of Ignis will go to fund development and marketing. At the current price it is far from huge, Ardor+Ignis marketcap is 9.6$ million as of today, suppose half of the value is Ignis, that is 4.8$ million, then 2.4$ million is the development and marketing fund to last them some years. Lisk, Waves got 5x-7x more than that in ICO as just a couple of examples, and they got them in more liquid Bitcoin. So 2.4$ million value is likely a very bold assumption, because it isn't as liquid.

And actually the Ignis is not based on Ardor price but Nxt.

If you hold 2 nxt you get 1 Ignis.

So 500 million Ignis get handed out to nxt holders and the Dev keeps 500 million.

So the devs have their chance to dump into the Nxt price / Ignis price. So expect another 50% drop on nxt..

Or they need to ICO out the Ignis coin chain before the release but they cannot becasue the price is already set as the Nxt coin price /2

Maybe no ICO just a snap shot ( i hope done over time and not a one day shot )

They could release the Ignis coin to the Nxt holders and the exchanges with a plan to sell 2.5% of dev coins per month so we know the dump and inflation rate.

With all the new coins with massive profiles and teams of 20 - 30 devs and marketers and admins etc it is not easy for Ardor or Nxt to make a come back.

Ardor and Nxt cannot get any excitement out of the holders.. just see this forum is basically dead.

We need to market this as an interactive place for holders investors and Devs to be involved.

The only thing built on blockchains so far is just more speculation vehicles.

Perhaps they need to go back to release their MOG that was in the works.

This is one mans view on the expected future of Nxt...

https://www.youtube.com/watch?v=jFZ1oGDDQQ8

Did not end well....

We need some exciting dev news and some community plan to target a certain industry...

Lets brainstorm the industry put together a plan.. Get people around the world to take the plan to these industries.

Then use every success to further promote success to this chosen first industry...

Hit one industry hard using the community World Wide... then do it again.

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EvilDave

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Re: Ardor total supply related question
« Reply #7 on: December 18, 2016, 12:51:29 pm »

Couple of things to add here: first off, the Ignis distribution hasn't yet been decided or mapped out. 50% will definitely be distributed to existing Nxt holders, but the fate of the remaining 50% is still to be decided. I think that more will go to existing Nxt holders, and less to devs, but we'll have to see how that goes closer to the moment that Ardor goes live.

Given Nxt's history of getting maximum effect for not very much investment, we won't need a massive seed investment like Lisk or Waves. Don't forget that these projects have got to build everything from scratch, while Nxt already has a very solid code base and dev team.

On the news and projects front: we've just had Janus come on board with Nxt/Ardor, Adel is starting their launch process, and there are more projects in the pipeline. Just to give you an idea of how long it takes to get real projects up and running: the first meeting between Adel and the Nxt Foundation happened in March of this year, 9 months ago. We've had to do a lot of behind-the-scenes work to get to the point that Adel can go public, and we have other projects that will start to go public over the next few months, some of which have been in development for even longer than Adel or Janus.
 
Not to mention that we recieve a constant stream of potential projects that need to be evaluated and helped on their way. So, if anyone wants to do some work for the Foundation helping with business or technical  project development....let me know  8)



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Re: Ardor total supply related question
« Reply #8 on: December 18, 2016, 01:43:00 pm »

Thanks for the update.

It would be good to have a thread with these new projects with a simple explanation of what they bring to the table or will be useful for.

The only time i have seen Janus or Adel i see the ICO the sales pitch and i still have no idea of what they do?

Maybe an explanation of their goals and there benefits and examples of where they may be best used.
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rubenbc

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Re: Ardor total supply related question
« Reply #9 on: December 18, 2016, 03:13:56 pm »

Talking about Adel, here is the first whitepaper of the series:
The ico is in 3 months, during this time they will release all information.

are more projects in the pipeline.
I want to see many startups joining Nxt technology ;D ;)

Goog luck

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Re: Ardor total supply related question
« Reply #10 on: December 18, 2016, 06:28:33 pm »

Talking about Adel, here is the first whitepaper of the series:
The ico is in 3 months, during this time they will release all information.

are more projects in the pipeline.
I want to see many startups joining Nxt technology ;D ;)

Goog luck

The white paper is mostly about the ICO and how to give money..

Here are the projects of Adel. I cannot see anything new with these projects??

Cannot Nxt do this already? Have a forum show prospective projects, offer a way to invest, have an exchange.. voting system.. Distribute dividends..

I just do not get what is new here... But i never understood the DAO either..

It just seems like invest and have your decisions done by a group committee rather than mico-managing your own money..
------------------------------------------------------

Project Review Committee - evaluate and approve projects, as well as participate on forums to discuss these projects with the community.

Forum Module - the social media platform using services such as RocketChat, where community members can discuss projects

Voting Module - will be created for community members to vote on projects and other key decisions.

Transaction Module - This module will be used to pay project capital costs and other required expenses.

Project Module - will contain detailed information on the operations of each project will redistribute success back to community members.

Trading Module The initial deployment will allow community members to easily trade their Adelphoi with other community members.
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rubenbc

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Re: Ardor total supply related question
« Reply #11 on: December 18, 2016, 10:13:52 pm »

Adel shared one whitepaper of its serial (more will come).it will incubate determinate projects all of them under a corporation value/rules! Adel will be self-sustained  and self-maintained with his token adelphoi. Nxt brings the tools, (being freely,  without prohibitions and rules,  f.e: you can not ban nothing into Nxt). Nxt is public,  everyone can establish assets here or do whatever the software acceps. Adel establishes a team with layers, marketers, coders, staff and conditions. some projects will not be accepted.  It has sense, mate :)

We are being offtopic,  c'mon to adel thread :)
Edit: adel manages the funds of the community therefore they(community,  not adel staff)  will decide whether to accept/finance a project or not
« Last Edit: December 18, 2016, 10:30:36 pm by rubenaco »
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P4ndoraBox

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Re: Ardor total supply related question
« Reply #12 on: January 10, 2017, 08:06:59 am »

Back on main topic :

Im mainly invested into Ardr, but im still wondering if developpers or the other 50% ardors holders could do unexpected stuff like this :

* Note that it is not FUD, ill still hold, but I would really like to know a bit about my investment.

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martismartis

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Re: Ardor total supply related question
« Reply #13 on: January 10, 2017, 08:32:56 am »

What wrong do you see here?
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P4ndoraBox

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Re: Ardor total supply related question
« Reply #14 on: January 10, 2017, 09:12:24 am »

Sellbook went from 11 to 12 millions in a week and 13,2 millions since a few hours when buybook got a steady rise as well (30 btc to 60 btc)

Just wonder how come a tremendous amount of Ardor come out of nowhere like that. ( Watching the chart daily since three months ).
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martismartis

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Re: Ardor total supply related question
« Reply #15 on: January 10, 2017, 09:26:39 am »

Sellbook went from 11 to 12 millions in a week and 13,2 millions since a few hours when buybook got a steady rise as well (30 btc to 60 btc)

Just wonder how come a tremendous amount of Ardor come out of nowhere like that. ( Watching the chart daily since three months ).

Poloniex hot wallet has 36M of Ardr asset: https://nxtportal.org/accounts/2825154884517497903

Still don't get what wrong do you see here.
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P4ndoraBox

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Re: Ardor total supply related question
« Reply #16 on: January 10, 2017, 09:31:14 am »

Sellbook went from 11 to 12 millions in a week and 13,2 millions since a few hours when buybook got a steady rise as well (30 btc to 60 btc)

Just wonder how come a tremendous amount of Ardor come out of nowhere like that. ( Watching the chart daily since three months ).

Poloniex hot wallet has 36M of Ardr asset: https://nxtportal.org/accounts/2825154884517497903

Still don't get what wrong do you see here.

You got it, didnt though I should have checked Poloniex hot wallet.

Everything fine now, thx martis.

Guess that Ardor uprising is shaking the market a bit  ::)
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Brangdon

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Re: Ardor total supply related question
« Reply #17 on: January 10, 2017, 09:42:40 pm »

Im mainly invested into Ardr, but im still wondering if developpers or the other 50% ardors holders could do unexpected stuff like this :
I don't think any one entity owns 50% of ARDOR. Are you confusing it with IGNIS?
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P4ndoraBox

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Re: Ardor total supply related question
« Reply #18 on: January 10, 2017, 11:01:47 pm »

Read one of the post above, 50% of the Ardor tokens are held to the developpers with a proof link.

The reason I wrote again recently, is because we were in a nice uptrends, with around 1btc sale per 100 satoshi, then magically one millions Ardor appear into the sellbook, bringing the buy value down.

So even if I get spanked again, I dont really care, my ardor investment though I care very much.

I wonder were the staked coin will come from, and what will  be the purpose of holding 50% of the coins...I really feel mad when I see some smooth uptrends and then someone would take one million Ardor out of nowhere to sell them and keep everything. It is clearly an unethical move and I hope we get answers about that.
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cryptAnalyzer

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Re: Ardor total supply related question
« Reply #19 on: January 11, 2017, 02:23:56 am »

Read one of the post above, 50% of the Ardor tokens are held to the developpers with a proof link.

The reason I wrote again recently, is because we were in a nice uptrends, with around 1btc sale per 100 satoshi, then magically one millions Ardor appear into the sellbook, bringing the buy value down.

So even if I get spanked again, I dont really care, my ardor investment though I care very much.

I wonder were the staked coin will come from, and what will  be the purpose of holding 50% of the coins...I really feel mad when I see some smooth uptrends and then someone would take one million Ardor out of nowhere to sell them and keep everything. It is clearly an unethical move and I hope we get answers about that.

There should be a reason of course. Coming out of nowhere is not scientific at all. Is it?
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