Re: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake
Calculating the current price, it seems still to be a good decision to invest in JLRIDA/IGNIS tokens.
At the current price of 0.058 USD per NXT, one IGNIS token costs about 0.084 USD (1.45 * 0.058).
Let's compare that now with the situation at the beginning of the ICO. IGNIS tokens were sold for 0.4 NXT. But one NXT was at 0.17 to 0.25 USD! So one IGNIS, if you were _very_ lucky, did cost 0.07 USD, not that much less than now. But if you bought on the top, you paid 0.1 USD per IGNIS - >15% more than now!
At the end, the mega-whale that bought the whole first ICO batch wasn't so smart - at that moment the NXT market cap was at over 200 million USD, so very likely he bought for a higher price than now
@agreetag: 1 billion, hard cap.
At the current price of 0.058 USD per NXT, one IGNIS token costs about 0.084 USD (1.45 * 0.058).
Let's compare that now with the situation at the beginning of the ICO. IGNIS tokens were sold for 0.4 NXT. But one NXT was at 0.17 to 0.25 USD! So one IGNIS, if you were _very_ lucky, did cost 0.07 USD, not that much less than now. But if you bought on the top, you paid 0.1 USD per IGNIS - >15% more than now!
At the end, the mega-whale that bought the whole first ICO batch wasn't so smart - at that moment the NXT market cap was at over 200 million USD, so very likely he bought for a higher price than now
@agreetag: 1 billion, hard cap.
Looks good and chance to participate in Ignis ico can give a good profit in the future. But we will see a snapshoot soon, and now there is a choice, buy for NXT or hold NXT for the snapshoot.
A comfortable position for those already holding a lot either way