You might have heard of the Jelurida ICO which is started from 5th August and so far 15,000,000 Tokens of JLRDA is sold, out of 500,000,000 tokens. However, lots of ordinary stake holders of NXT coins who are eager to participate in ICO using the Normal UI NXT client wallet could not engage in this ICO so far.
In total out of 3 runs of token offers, each stands for 30 min more than 14,000,000 Token bought by a single genius IGNIS buyer!!! who apparently used API service of NXT and did a good homework over the tech in this Platform to do a smart move over pre-purchasing the Whole tokens before even ordinary participants willing buy tokens from UI service notice the release of the controllable currency, The controllable currency is known as JLRDA which is designed to be a proof of participation in ICO and immediately after ICO gets over; it is planned to be converted to actual IGNIS Token during "Ardor Genesis Snapshot" based on IGNIS white paper.
Currently, the Token price is 0.4 NXT and that was the main incentive for the normal buyers to buy the NXT token in order to participate in Jelurida ICO. Nevertheless, unless a clear tutorial gets published for normal users to do the phase transactions or other techniques to suppress the major dominance in purchasing power by single buyer. It is showed in coin market cap that NXT buyers pushing a declining trend on the NXT and price of the NXT has been dropping gradually.
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