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Market

Market stats

Market cap

$3.9M

Volume (24h)

$8,815.75

Circulating supply

761.1M IGNIS

All time high

$28.25

Price change (1h)

+0.02%

Price change (24h)

+0.52%

Price change (7d)

-15%

About Ignis

What is Ignis?

Ignis (IGNIS) is a unique cryptocurrency that operates within the Ardor blockchain platform. It is the first child chain of Ardor and is unrestricted and decentralized, inheriting all features currently available on the Nxt blockchain. Ignis aims to provide a platform for large corporations and small-to-medium enterprises (SMEs) to have a child chain with ready-to-use features, instead of creating their own blockchain and developing features from scratch. This approach aims to implement child chains in a cost-effective way without compromising their security, which is guaranteed by the parent Ardor chain.

How does Ignis work?

Ignis operates within the Ardor blockchain platform, which uses a unique parent-child chain architecture. The parent chain, Ardor, is responsible for network security and processing, while the child chains, like Ignis, handle operational transactions such as creating assets, voting on polls, and sending messages. This unique architecture allows Ignis to focus on operational transactions, while Ardor ensures the security of the network. This division of labor between the parent and child chains aims to enhance efficiency and security.

What are the potential use cases for Ignis?

Ignis aims to provide a platform for various organizations, such as public entities, enterprises, consortiums, research institutions, and financial service providers. It offers a wide range of features and functionality, including the ability to create and trade assets, list and buy digital goods, create polls with flexible vote counting options, set up conditional transaction execution, assign properties to accounts, send encrypted messages, and register aliases. These features make Ignis a versatile platform that can be used in a variety of sectors, from finance to research and development.

What is the history of Ignis?

Ignis was introduced as a part of the Ardor blockchain platform, which evolved from the time-tested Nxt blockchain. The development team behind Nxt and Ardor decided to conduct a crowdsale for 50% of IGNIS – the token of Ignis, the first Ardor child chain. The Ignis child chain was launched with the aim of being completely unrestricted and decentralized, inheriting all features and functionality which currently exist on the Nxt blockchain. The introduction of Ignis marked a significant milestone in the evolution of the Ardor platform, as it was the first child chain to be launched.

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Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Ignis is on the decline this week.

The price of Ignis has fallen by 15.00% in the past 7 days. The price increased by 0.52% in the last 24 hours. In just the past hour, the price grew by 0.02%. The current price is $0.0051 per IGNIS. Ignis is 99.98% below the all time high of $28.25.

The current circulating supply is 761,143,950 IGNIS.

FAQ

What is the current price of Ignis?

We update our Ignis to USD currency in real-time. Get the live price of Ignis on Coinbase.

What is the market cap of Ignis?

The current market cap of Ignis is $3.89M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Ignis?

The all-time high of Ignis is $28.25. This all-time high is highest price paid for Ignis since it was launched.

What is the 24 hour trading volume of Ignis?

Over the last 24 hours, the trading volume of Ignis is $8.82K.

What other assets are similar to Ignis?

Assets that have a similar market cap to Ignis include Monavale, Prime Numbers Labs Ecosystem, Cipher, and many others. To see a full list, see our comparable market cap assets.

How many Ignis are there?

The current circulating supply of Ignis is 761 million.

Can I buy Ignis on Coinbase?

No, Ignis is not currently available on Coinbase, but you can sign up to get the latest news on Ignis and be notified when it gets added to our exchange.

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