So is it worth splitting some ARDR and going into IGNIS during this phase? I'm a rookie at all this.
You mean splitting NXT? Because the ARDR are not used for the token sale. Your ARDR assets will become 1:1 the Ardor currency at launch.
There is a
post in the NxtForum laying out the scenarios.
You can check for more posts over there. Seems that using NXT in the first funding round will be the most profitable option. There might be quite a rush (well, hopefully for the devs).
This calculation is pointless in this violate market.
This is what I am thinking from looking all ICOs that came out.
What this guy did not address is that from 5.Aug you get 0.4 NXT for 1 Ignis.
After ICO finishes, Ignis will hit exchanges based on be on last price of 1.4 NXT or 1 Ignis.
That is instant ~3.5 profit on exchange.
During the ICO time NXT can go UP/DOWN where you can short it easy and still make snapshot where you get 0.5 NXT for 1 Ignis.
Then also sell Ignis for ~3x profit from this.
Tell me am I crazy ?
I think u'll get 0.5 ignis for 1 nxt.
I was also thinking going all in on ignis and ditching nxt all together, cuz I o lying have 1000 of them, in the first round. But I don't really know much about what makes ignis valuable?
And maybe after round 1 nxt price will drop again, then I'll get some more and save it for ignis snapshot. After snapshot get some more ardor for it.
Ignis ICO Schedule
Dates JLRDA tokens for sale Price of 1 JLRDA in NXT
Aug 05 - Aug 12 60,000,000 0.4
Aug 26 - Sep 02 80,000,000 0.55
Sep 09 - Sep 16 100,000,000 0.76
Sep 23 - Sep 30 100,000,000 1.05
Oct 07 - Oct 14 up to 100,000,000 1.45
My strategy:
On Aug 5 you get 1 ignis for 0.4 NXT is 1 NXT, that means for 1 NXT you will get 2.5 ignis
On Oct 07 price of 1 ignis is 1.45 NXT, that mean for 1 NXT you will get 0.6 ignis
After that that date Ardor will make snapshot on which 1 NXT = 0.5 ignis.
If you got ignis at Aug 5 and you sell it after it is possible you can instantly gain 3.6x profit.