Si IGNIS is finally here. As is NXT 2.0 aka ARDOR. The "real" thing, not just the token. And now we have also JLRDA or whatever it is called... no matter the names it is the same all thing: A long winded scheme to get your money. Will it work this time the way it worked a year or so ago with the ARDR token? We will soon see. It's hard to see it not working in some manner, regardless how unsuccessful. Especially at this time when loads of dumb money is coming into the altcoin world. Regardless of the success, Jelurida ("the team", as you know they formed Jelurida as a private, centralized, for-profit entity) will, of course, be the only real winner.

Here's the deal: They have already given themselves -along with the holders of NXT- quite a present with the Ardor token that doubled their holdings instantly for free. Mind you, NOTHING was created at all. It is, Ardor, just an update to NXT. As simple as that. Of course keeping NXT for a while will ease the transition but make no mistake about it, there's nothing you will be able to do in NXT that you won't be able to do, better, in Ardor, so count on -their own words- the slow phasing out of NXT, which becomes obsolete and abandoned... as soon as they get ride of the NXT coins, of course. For that purpose and that purpose only, they will try all kind of schemes and lies to make people believe otherwise, but keep your eye on the ball: The dumping will be the only purpose of keeping it alive for a while.

Ah but now you have IGNIS, right? They are going to give you 0.5 per NXT that you have. For free. (you and themselves, of course). But you know nothing is for free, right? Actually they are giving you this because they desperately need you to keep your NXT coins forging to ensure security in the blockchain. You see, the whole house of cards actually is dependent on you keeping on forging. No forging: No Ardor and no IGNIS. It is all the same, you know. That's why they need you to forge NXT. And they are counting on you keeping on doing so all while they dump the thing (the have tens of millions of NXT, soon to be worthless, get it?). But we were talking about IGNIS... what is it. It is nothing. N O T H I N G. It is, actually, anothre "coin", "token", whatever you want to call it, built on top of NXT 2.0 (Ardor). Other than trading, you cannot do anything with it (the "coin"). What can you do with the actual "childchain"? Nothing that you cannot do with Ardor, actually.... only a bit faster. So whoever uses Ignis will have it all by itself and it will be quite fast and capable --as opposed to build your own on top of Ethereum, for example, which is already very crowded and showing clear signs of strain. Now, if you decide to build it on top of Waves, for example, you will probably get as good speed and capability or better than if you decide to use IGNIS. And there are many other options, from Aragon to Stratis and many, many more.

But since that dumb money I was talking about is pouring in, these jelurida team boys in their immense greed believe -and they are probably right- that they can make a bundle putting almost 500 million IGNIS tokes for ICO. Mind you, they'll take the nice byte of roughly 16% of that (80 million) and keep it in their pockets straight away, using the proceeds of the sale of the other 420 million for "development" "promotion", etc. All of that, of course, on top of the tens of millions -probably hundreds- that they'll receive for their NXT holdings at the time of the snapshot. Masterly scheme indeed.

Again, it will have some degree of success. Enough for them to make quite a killing with it. The whole project longer term though? Not a chance.