Disclaimer: The information provided in this report is based on data gathered on August 10, 2024. Due to the dynamic nature of the cryptocurrency market, it’s essential to acknowledge that some details might change over time.

Project Introduction and Brief Summary of Its Solutions and/or Products:

Ardor is a blockchain-as-a-service (BaaS) platform designed to facilitate the creation and deployment of child chains, offering scalability, flexibility, and cost-efficiency. Ardor’s unique architecture enables child chains to leverage the security and infrastructure of the parent chain, reducing the need for each child chain to maintain its own network. This approach aims to simplify blockchain development and deployment, making blockchain technology more accessible to businesses and organizations.

Project Release Date & Token Release Date:

• Ardor Mainnet Launch: January 1, 2018
• ARDR Token Release: N/A (ARDR tokens were distributed to NXT holders through a snapshot)

Market Capitalization: $36,628,511

Current Price: $0.06254

Exchanges where the Cryptocurrency is Currently Listed:

• Bittrex
• Upbit
• Poloniex
• HitBTC
• CoinEx

Competitors (Similar Projects):

Identifying direct competitors in the BaaS space with a similar structure to Ardor can be challenging. However, some projects that offer aspects of blockchain-as-a-service or child chain capabilities include:

• Lisk (LSK)
• Cosmos (ATOM)
• Polkadot (DOT)

Use Cases:

• Custom Blockchain Development: Ardor enables businesses and developers to create tailored blockchains (child chains) for specific use cases without the complexities of building a network from scratch.
• Tokenization: Ardor’s platform supports the creation and management of digital assets, enabling tokenization of various real-world or digital goods.
• Supply Chain Management: Ardor’s child chains can be used to enhance transparency and traceability within supply chains, improving efficiency and reducing fraud.
• Voting and Governance: Ardor’s blockchain infrastructure can facilitate secure and transparent voting and governance processes.
• Micropayments: Ardor’s lightweight transactions and low fees make it suitable for micropayment applications.

Technology:

• Proof-of-Stake (PoS): Ardor utilizes a PoS consensus mechanism, allowing ARDR holders to participate in securing the network and earn rewards.
• Child Chains: Ardor’s core feature is its ability to support multiple child chains, each with its own specific characteristics and use cases.
• Lightweight Contracts: Ardor offers a simplified smart contract system known as lightweight contracts, focusing on ease of use and efficiency.
• Transaction Bundling: Ardor bundles child chain transactions into a single transaction on the parent chain, enhancing scalability and reducing fees.

Smart Contracts and Audits:

• Ardor primarily uses lightweight contracts, which are less complex than traditional smart contracts.
• While there might not be formal audit reports for lightweight contracts, Ardor’s codebase is open-source and subject to community review.

Investors or Partners Involved (Recent News):

• Jelurida: The core development team behind Ardor, Jelurida, continues to be actively involved in the project’s development and partnerships.
• Recent Partnerships or Collaborations: While specific news within the last 90 days may vary, Ardor has been involved in various partnerships and collaborations over time, often focusing on specific use cases or industry applications. It’s recommended to check Ardor’s official website or news sources for the latest updates.

Amount of Money Raised During Presale Stage/ICO/Seed Rounds:

• Ardor did not have a traditional ICO. ARDR tokens were distributed to NXT holders through a snapshot.

Token Distribution %:

• 100% of ARDR tokens were initially distributed to NXT holders.
• The current distribution may vary due to market activity and token movements.

Detailed Token Economics and Use Cases, Including Detailed Breakdown of Token Vesting Schedule:

• ARDR Token Use Cases:
  • Transaction Fees: ARDR is used to pay transaction fees on the Ardor network and its child chains.
  • Staking: ARDR holders can stake their tokens to participate in the PoS consensus mechanism and earn rewards.
  • Child Chain Creation: ARDR is required to create and maintain child chains on the Ardor platform.
• Token Vesting Schedule: As ARDR tokens were distributed through a snapshot to NXT holders, there was no traditional vesting schedule.

Roadmap, Highlight the Milestones That Have Been Accomplished, and Those That Are Yet to Be Done:

• Accomplished Milestones:
  • Mainnet launch
  • Development and deployment of various child chains
  • Implementation of lightweight contracts
  • Ongoing development and improvements
• Upcoming Milestones:
  • Further development of child chain capabilities
  • Potential partnerships and collaborations
  • Community growth and adoption
• It is recommended to refer to Ardor’s official website or roadmap documentation for the most up-to-date information on milestones.

Team Members List and Brief Description:

• Lior Yaffe: Co-founder and Managing Director of Jelurida, the core development team behind Ardor. LinkedIn Profile [invalid URL removed]
• Alberto Fernandez: Co-founder and core developer at Jelurida.
• Other Team Members: Ardor’s development team consists of various experienced developers and contributors. It’s recommended to refer to Ardor’s official website or team page for a complete list and details.

References:

• Ardor Official Website: https://www.ardorplatform.org/
• Jelurida Website: https://jelurida.com/