IGNIS ICO sells out instantly to one account in the first round.steemCreated with Sketch.

in #cryptocurrency7 years ago (edited)

NXT based ICO IGNIS launched today at 7:05 AM UTC, selling out instantly to a single account.

IGNIS-logo.png

While many users waited eagerly in the NXT slack channel hoping to get their hands on some of 5 million available coins, they were met with disbelief when the transaction history showed this:

ignis.png

...and it was over.

This happened so quickly that no one in the slack reported ever seeing any coins for sale.

What about the next round? Is this what lies ahead for the rest of the IGNIS ICO?
What does this mean for the future of the NXT/ARDOR blockhain platform?
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beat the BAT probably :D ICO's need a time delay probably some constraints, this is a bit over the top, it seems somebody is set up on buying out and then dumping back down. It's in the history of every coin, the first spike then the trailing off for a year or so, followed by the eventual pickup again if it has some feasibility tokens and cryptos that is.

The whale who bought the first round mentioned in this article, and nearly all the second round, has claimed to be doing so in the best interest of the IGNIS platform.
Seems to me that he did much more harm than good.

Well, that was fast!

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By my calculations... about 45 minutes.

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