Ignite Chain Platform

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Abeexy

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2 years ago

Project Review

Ignite is a public blockchain protocol aimed to provide low cost, fast and secure transactions. With its ethereum compatible features, ignite focuses on creating a disruptive decentralized ecosystem on the tip of it.

Along with providing enterprise grade block-chain solution to MSMEs. Ignite chain is designed to achieve high performance in the area of web 3, decentralized finance and more specifically regarding block- chain connectivity and digital assets management.

Its permanent record structure is kept up with by decentralized servers. This empowers clients to trust the information on the Ignite blockchain. Furthermore, the Ignite Blockchain's disseminated nature implies that transactions can happen in a moment.

The Ignite Blockchain is also platform for gaming. Its structure allows moves between different chains. It is also compatible with multiple currencies, including Bitcoin and Ethereum. In this regard, Ignite blockchain is a great solution for businesses that want to use blockchain for gaming. It is an important platform for mobile game developers. With its cross-chain integration and monetization opportunities, Ignite will bring value to enterprises.

Ignite Blockchain Accounts

In Ignite, the state is made up of objects called "accounts", with each account having a 20-byte address and state transitions being direct transfers of value and information between accounts. An Ethereum account contains four fields:

The nonce, a counter used to make sure each transaction can only be processed once

The account’s current ether balance

The account’s contract code, if present

The account’s storage (empty by default)

"Ether" is the main internal crypto-fuel of Ethereum, furthermore it is utilized to pay exchange expenses. As a general rule, there are two kinds of records: remotely possessed accounts, constrained by private keys, and agreement accounts, constrained by their agreement code.

A network of computers (nodes) is required to support a blockchain network. This is not because the network requires a massive amount of processing power. Rather, as there are more copies, the blockchain becomes more distributed, robust, and stronger against faults and attacks such as network outage, collusion or corruption.

In addition, While certain conventions are non-permissioned, permitting any PC to join their organization, and others are allowed, it demands more attention taking a look at the mechanism to allow only "supported" PCs to take an interest. Notwithstanding, practically all blockchain conventions exist as open source programming projects.

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Token Details

IGT Private Sale

Total of 5 million IGT coins will be on private sale with price range starting from $1 per coin. Private sale has 7 phases, to be completed in 45 days. There is no limitation on coin buying as all coins will be live on private sale at once. Unsold IGT coins will be added to public sale. Willing party needs to require BUSD or BLVR tokens to participate in private sale.

In order to make IGT coin distribution process more efficient, the IGT price will now be linked to USD:

1 IGT = 1.25 BUSD

Coin Distribution

10% Founders

05% Advisory

05% Development

10% Marketing

10% Emergency Fund

10% CEX & DEX Liquidity

10% Private sale

10% Staking & Lending

30% Public Sale