Ardor Post-ICO Review: Almost to the Moon and Back
The Ardor token had its time in the sun, but it's seeking direction again. What is the fate of a new project a year after the ICO?
Ardor is yet another project aiming to bring blockchain technology to the masses. Its beginnings can be traced back to the Adel community and project, which later developed the Nxt technology and ultimately, the Ardor ecosystem.
The Ardor Token
When an ICO happens, some users are in it just for the potential price gains. But how does Ardor fare as a token?
As of August 2017, it was somewhere in the middle of the top 100 for CoinMarketCap. But tokens break out sometimes, so this position is only a temporary snapshot.
The Ardor market price has moved into a new range since the launch last August. As the chart reveals, the Ardor token went through a short price discovery phase when some of the early takers sold off. Then the market price went through the doldrums, before moving more actively in 2017 on the general rise in cryptocurrencies.
A Family of Tokens
Ardor is in fact just one of a family of projects that are technologically related. The projects all happen under the hat of the Jelurida company. And there is yet another related token sale going on right now, for the Ignis project. Just like Ardor, the next token will run on the Nxt wallet, until a separate technology for the Ardor tokens rolls out.
Currently, the Jelurida company is selling JLRDA intermediary tokens, which will then be exchanged for IGNIS tokens once the ICO dates roll out.
So Ardor will, in fact, slow down its development to facilitate the Ignis token sale. In the last quarter of 2017, Ardor will move to its proprietary platform, independent of Nxt. Owners of Ardor tokens on the Nxt blockchain will receive one new ARDR token on the new blockchain.
And there you have it, three tokens with three interconnected projects. Ardor is the offshoot of Nxt, and Ignis will be a child chain of Ardor. The team claims each consecutive project has its added value. Regarding market value, all three projects are active enough that the tokens may see increased interest and a pickup in prices.
Here is how Nxt and Ardor compare, according to the white paper:
And if you trust the success of Nxt, which is indeed an established and well-traded token, then Ardor and subsequently IGNIS may give you more of the same.
For more information on the Nxt technology, visit its white paper.
The Ardor-Nxt-IGNIS Team
The Nxt project was created first in 2013 by anonymous developer BCNext. He remains anonymous, and the Jelurida trinity of tokens reveals there is also a small team of one legal expert and two programmers, all of them from Bulgaria. In the white paper for Jelurida technologies, the list of founders includes Kristina Kalcheva, a legal expert, and Lior Yaffe. It is unknown where BCNext stands in the Jelurida project.
Ardor Exchanges and Markets
While Nxt is mostly a Bittrex star, Ardor is a sought-after asset on the Chinese exchanges. And this may prove a great boost in price, as fiat in the form of Chinese Yuan is injected into this token.
As you can easily see, price pressure for Ardor comes from two major sources- demand on Asian markets and the pressures of Bitcoin holders on Bittrex and Poloniex. In a way, Ardor is a token that offers a diversified price risk, as it is favored by very different types of buyers.
Token Pitfalls and Problems
One of the major concerns on investing in tokens is how easy and convenient it is to control and hold the tokens. For the family of Nxt, Ardor and IGNIS, storing and holding is a somehow technologically involved process. You would require a Nxt wallet, and then wait around for the Ardor snapshot to move into a different holding structure. This makes Ardor somehow inconvenient unless you would be ready to store your tokens on Bittrex or Poloniex, with all the related risks.
Then, Jelurida itself warns that the Nxt system features allow for the creation of fake tokens. Talk of fake tokens is rather shocking since the general knowledge is that cryptocurrency cannot be forged. But in the case of the Nxt network, fake tokens can mimic legitimate ones and confuse the user. Therefore, the company warns users to only use the official link for the Jelurida token sale, and not
Both Ardor and Nxt offer convenient online wallets, including Android Freewallets. All technologies related to Nxt, Ardor and subsequently IGNIS will allow swaps between these tokens. The drawback is that this is a light client and you will not own the private keys- they are stored by a third party. In Freewallet, you would only log in with your Google account or other existing credentials. The Ardor wallet can contain many tokens and swap between them, but the final risk belongs to the user.
One of the advantages for the Nxt and Ardor wallets is that they support fiat currencies and allow a purchase of tokens for cash through a credit or debit card.
But until the last quarter of 2014, keep your Ardor on the official Nxt wallet.
The Verdict on Ardor
Ardor seems like a promising token with a relatively low price. Still, sudden high-volume trading is suggestive of speculative pumps. The team seems well-established, and a working version of the system is coming soon. Positive news may lift the price up from its current bottom around 11 cents and cause a new bull run.
The platform may attract more developers, but it is still uncertain, as Ethereum, Stratis, Waves and other platforms offer ways of building blockchain applications. While risky, all three - Nxt, Ardor and the upcoming IGNIS may be low-priced enough for a test entry into the world of cryptocurrencies. Nxt is easily available through Changelly or Shapeshift, and may be exchanged for the new tokens. But still, buying and keeping all three tokens requires experience with cryptographic currencies and attention to detail to avoid losses.
Remember to avoid investing funds you cannot afford to lose, as cryptocurrency tokens and projects still hold a great risk and uncertainty about success.