I am holding NXT for quite some time, now I get a chance to book some profit. However after seeing this IGNIS news, I am thinking of hold these coins. But what I don't understand is, how IGNIS will be credited ?
Do we need to keep NXT into windows wallet or can we leave them at exchanges like Poloniex & Bittrex to get free IGNIS. Appreciate if someone can respond on this please?
You should keep it on your wallet. If you hold them on poloniex/bittrex - you dont get free IGNIS, but Poloniex/Bittrex will get it instead of you. What the reason to any exchange to share their free profit from NXT of users to anybody?
Thanks your revert on this. But I am still not clear, how anyone can deposit the IGNIS coin's into NXT wallet. Is this possible to deposit different coins (IGNIS) into other coin (NXT) wallet?
Most of times exchanges use to share the bonus. For example when they forked BTC, I have received the credit into my exchange for BitcoinGold and BitcoinCash. Not sure whether they will do the same or not in NXT / IGNIS case
You will receive .5 IGNIS for every 1 NXT you hold in your wallet. You do NOT need to do anything except keep it in your wallet before the snapshot on December 28th. You can deposit ARDR into the NXT wallet, as well. THE IGNIS will show up after the snapshot in your wallet and will NOT be ready for immediate trading until all currency clears.
Check this website for more info:
https://www.jelurida.com/ico ... ALSO check out the slack - the devs are in there and give good info.
No one knows if NXT will decrease when IGNIS is distributed, but as of now IGNIS/ETH futures trading is at $0.90 (little more than double NXT which is at $0.44).. if you do the math although it's .5/1 .. it's basically a 1/1 airdrop assuming numbers stay consistent.