Why you should invest in ARDOR and NXT (before it is too late!)

in cryptocurrency •  2 years ago

The first Cryptocurrency 2.0 is back and its going to be huge!

Ones known as the Cryptocurrency 2.0, NXT launched in 2013 after getting very little attention and only raising a little over 21 BTC in the ICO. But soon many people realised its potential and jumped on the new an innovative Cryptocurrency bringing it's value to an alltime high at about 13k Satoshi.

Soon after that NXT got bashed for beeing only distributed to a few whales that took part in the ICO and so the NEM (New Economy Movement) started. And we all know where NEM is today.

Why am I telling you this? Well, the devil lies in the detail: 

NEM first started as a a clone of NXT. Even the client looked like the NXT client. But it was soon rewritten so it became its own legit Cryptocurrency.

I am huge fan of NEM. I like how easy and smooth it workes and looks.

But I am also a huge NXT enthusiast, holding my first NXT Coins since 2013. Never sold, even bought some more last year before the ARDOR Snapshot.

What exactly is ARDOR?

Ardor  is a blockchain-as-a-service platform that will allow people to utilize  the blockchain technology of Nxt through the use of child chains. Since  all processing will be done on the Ardor main chain, child chain  creators won’t need to worry about common issues when creating a  blockchain as well as securing it with enough nodes. Child chains will  be able to utilize features currently seen in Nxt such as decentralized  phasing, voting, and trading, as well as be able to interact with other  child chains on the platform, including IGNIS, the first child chain to  be launched.
https://www.ardorplatform.org/

ARDOR can be referred to as NXT 2.0. It brings as all the great features of NXT combined with a long awaited feature:

Blockchain as a Service!

For the first time Ardor will make it possible to great your own child chains inside the Ardor ecosystem. Just think about all the possibilites of greating your own child chain and not just an asset or coin.

Just take a look at NXT. All the features that NXT has will also be available for the Ardor child chains:   

  • Aliasing: Initiate transactions with easy names. All aliases will end with a period preceeding the name of the child chain.
  • Data Cloud: Store data securely right on the blockchain. This can be either public or private and is time stamped. 
  • Account Control: Restrict access to an account or prohibit transactions without approval by multiple parties.
  • Monetary System: Create customizable monetary system tokens in addition to the child chain native token.
  • Secure Messaging: Send encrypted messages and files without a centralized system. 
  • CoinShuffle: Optionally allow users to mix funds quickly and efficiently with other users’ funds to further increase privacy.
  • Voting: Decentralized polling for secure and anonymous voting.
  • Plugins: Plugins will be able to be installed to increase and customize functionality.
  • Phasing: Create automatic conditional or unconditional transactions with deferred execution.
  • Marketplace: Have a marketplace where anyone can buy and sell physical and digital items. 

Why should you invest in ARDR?

Ardor ist still in the Testnet phase and will launch in Q3 2017. All Ardor coins are already distributed throug a 3 month period snapshot of NXT that was taken in Q3 2016. So everyone who held NXT through this time was rewarded with Ardor. Ardor is since tradable on exchanges and is already on a steady rise.

The marketcap of Ardor at the time of my writing this is about:  $135m

Looking at the marketcap of NEM and the features Ardor is offering, plus that most people don't know much about Ardor yet, I can safely say, a rise to $500m-$1b in the coming months after release is a very realistic scenario.

Why should you invest in NXT?

Well, this is the tricky part. As soon as Ardor launches there will be another one time snapshot of all NXT accounts where every NXT holder will get 0.5 IGNIS Coins (the first child chain on Ardor). The other half of the IGNIS coins will be sold in an ICO.

So by buying NXT now and holding it - at least till Ardor launches - will not only give you a nice return on investment on NXT (because I expect it to keep rising at least until the snapshot is taken), but also give you a whole bunch of free IGNIS coins that you can trade, sell or hold as soon as Ardor goes live.

So, my dear Steemians! Don't wait too long. Take this chance and make 2017 your winning year. It was never so easy to invest in something. Even if it doesn't take off as me predicting, you will at least make some decent profit on the way.

PS: This article only represent my opinion. Only risk money that  you are willing to lose. There are no guarantees of return or profit.  Please be warned, crypto is wild and sometimes unpredictable. 

Thank you for reading! If you liked this post feel free to leave a comment and/or an upvote :)

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This post should have made way more money than it did. Steemit is jacked up.

Great Post!! Must take a strong look at NXT & ARDR. Thanks!!

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.ardorplatform.org/

Fantastic post, its been a while for us who have been in since the beginning and have been investing and following the road map. exciting times are coming.

Solid post. Thanks for bringing this to our attention. In my opinion blockchain is here to stay. A proper investment for the long term. We really need more insights in the market and previous investment results (even though they don't deliver any guarantee for the future). I was wondering if anyone of you uses: https://www.coincheckup.com I don't know any other site that gives such good inisghts in the team, the product, advisors, community, the business and the business model, etc. For example: https://www.coincheckup.com/coins/Nxt#analysis To watch Nxt Indepth analysis.

Awesome post. Could you share in which currencies you have invested so far? Or it is only NXT and ARDR?

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Thank you :)

I am in crypto since 2013 so I was invested in a few on the road. Bought and sold. Longterm I am mainly in NXT/ARDR , but I am also holding NEM, ETH, LTC, Dash, XCP and a few newly aquired JANUS.

Here is why you should today - 8/2/17 - Onky three days until the IGNIS ICO launches round 1 - https://steemit.com/ico/@krytonika/nxt-ardor-are-having-a-child-names-ignis-ico-august-5th-2017

Thoughts on price of ARDR going forward? I invested when I read this article six months ago and was up significantly (thanks for that), but I failed to sell at the ATH in December / January which I now regret. Do you think the price will rebound and that Ardor has real long-term potential? I feel like they are seriously lacking in their marketing efforts.

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Hey theprodigy! Thanks for your comment. Well, marketing was always a topic with Ardor and NXT. The main focus of Jelurida's marketing is on the B2B market. That's why we are not seeing much on the investors side. This can be good or bad, depends on the way one sees it. I would also prefer to see some more balance on both marketing ends.

But it can only get better. Jelurida raised about 15 million dollars in the IGNIS ICO they held end 2017. So now, for the first time, they actually have the money to do the marketing. And I am confident they will.

Ardor took a big hit in the recent market downtrend, that's right. And although I sold a good portion at the recent ATH, I am still invested with a big amount in Ardor. It's one of my biggest positions.

As someone coming from the business side, I still see enough potential for a new upside trend in the long run. Don't expect a big rise the next weeks or even months though. Ardor is still young and the market is kind of bearish right now. It will take some time. But I am very confident about the Ardor price reaching new ATHs in the next crypto bull run.

I hope this helps you a bit with your decision making. As always, this is just my opinion.

NXT is on its last legs.

Is NEM still associated with NXT? I have been VERY interested about investing in NEM but not concinced yet, although this post might have pushed me over the edge...I am a huge fan of NXT and ARDR...cant wait for the launch of Mainnet any time now:) Have you heard any chatter on more solid dates of that launch

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NEM is not associated with NXT. NEM took its own path by programming the whole project from scratch after it first was announced as a copy of NXT. But yeah, old guys like me who saw the beginnings of NEM and how it evolved still compare NEM and NXT a lot. NXT was and maybe still is the inspiration for the NEM project.

But NEM and NXT are two separat projects and are not associated with each other. I think t is important to highlight this.

I can't wait for Ardor Mainnet to launch too :) Unfortunately there is no exact date yet. But I expect an announcement very soon.

Here's a step by step guide to buying and storing Ardor (ARDR): https://buyardor.info/

Good time to buy now lol

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Now is really a good time to buy - aside from the 25-30% daily INCREASE in price the past few days https://steemit.com/ico/@krytonika/nxt-ardor-are-having-a-child-names-ignis-ico-august-5th-2017

I read about Ignis just a couple days before the airdrop. at first I jumped in just for the extra bucks on the Ignis token. But when I dig deeper about NXT, I like it. This platform can help ordinary human being (as in no or minimum knowledge on IT) to make their own ICO! This means a whole lot of possibilities can come from it. And just like what I analyzed about ETH this past weeks, where in Nov-Dec there is plenty of ERC-20 based ICO, people start buying it in order to join the ICO, therefore ETH price is appreciating.
I still wondering tho, why the price of NXT crashing just right before and after the airdrop, but no matter, having knowledge about what NXT/ARDR/IGNIS can do, makes me comfortable holding it.

it's a great article. I am glad that I hold on my NXT and now IGNIS arrived happy with my decision.

what do you all think about nxt price crash when ignis snapshot? it is mean Ardor and Ignis is next NXT, and the old NXT will dead?

Sure, spending your life savings on NXT might have been the best thing you’ve EVER done…

But you made the bought NXT, you did it with one thing in mind… SHOOTING FOR THE MOON. NXT has that 10X factor, which you will have to when you wear this shirt in public.
You will get the attention of others HODLing NXT, and their girlfriends.

This comfy 100% cotton shirt can be shipped out in a few days.

Check it out - https://shirtspice.com/collections/cryptocurrency-t-shirts/products/nxt-boom-to-the-moon-shirt

When does the IGNIS snapshot take place? In other words, till when can I buy NXT to get IGNIS coins?

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The Snapshot will take when ARDR launches. It was pushed to Q4 because of the delay in the IGNIS ICO. So you still have time at least till end of September.