Free Ignis Tokens for NXT Holders

Free Tokens!

Yes you’ve read that right. There will be free Ignis tokens for NXT holders!  Ignis recently concluded their ICO in the NXT platform and raised about $15M. It will be the first child chain in the Ardor (ARDR) platform which was built using the NXT technology. The main Ardor platform will go live early next year and it’s first child chain Ignis, will be using these tokens for transactions. So how can you get these free tokens?

How do I get these “Free Tokens”

Technically they are not necessarily “free”. In order to receive an airdrop of the Ignis token, you must first have a NXT token in a wallet or exchange during the Ardor Genesis Snaphot. The snapshot is scheduled to happen on December 28, 2017 but the exact block height on when this will happen hasn’t been disclosed yet.

So where can I get my hands on these NXT tokens? NXT tokens are currently distributed in the following exchanges:

You can purchase them using Bitcoins. Once you have some NXT tokens, the next thing you need to know is where to store them during the snapshot.

Which Wallet Supports the Airdrop

Now that you got your hands on some NXT token, you need to store them in a wallet which will support the Ignis token. By default, the NXT client will support Ignis. Other exchanges such as Bittrex and HitBTC has also announced that they will be supporting the Ignis airdrop. This means that simply holding a NXT token in any of these three wallets will net you an Ignis token.

According to the Ignis airdrop site, all NXT token holders will receive 0.5 Ignis tokens for every 1 NXT token they have at the time of the snapshot. This means that if you have 1000 NXT tokens during the snapshot, you will be credited 500 Ignis tokens later.

Conclusion

The Ardr Genesis Blockchain snapshot event will take place on Dec 28, 2017.  All NXT token holders will be credited an Ignis token early next year if they stored their tokens in the NXT client, Bittrex or HitBTC . 1 NXT token is equivalent to 0.5 Ignis token. Number of NXT tokens will remain the same after the snapshot.

Note: If you’re still new to cryptocurrency and aren’t familiar with exchanges or how to start, you can read my blog post about it here.