Ardor Profile (ARDR)
Project Safety Score
Wed, Jan 26, 2022 12:08 PM
Ardor is the latest in the growing field of contenders for blockchain as a service (BaaS) providers. Ardor provides the blockchain infrastructure for businesses and institutions to leverage the strengths of blockchain technology without having to invest in developing custom blockchain solutions. Instead, Ardor offers a main chain that handles blockchain security and decentralization plus customizable child chains that come ready to use, right out of the box, for various business applications. Ardor goes beyond Nxt to solve critical issues of blockchain bloat, scalability, and customization. Nxt is a well respected, verified, and established blockchain technology with a comparatively long history and an experienced development team. However, as blockchain usage increases over the coming years Nxt, and other blockchain technologies, will face some fundamental problems with payments, scalability, and customization. The first and most straightforward problem is the use of native tokens for transaction fees. Nxt uses a forging proof of stake system, meaning that the total token supply has already been created and new tokens aren’t created with each block. Instead, the forgers that verify the blocks receive a portion of the transaction fees paid on the network. As such, the transaction fees need to be paid in NXT, even if you’ve created a new currency that’s independent of Nxt, you’ll still need to own NXT in order to pay miners, diluting the value of your own currency. To test Ardor’s capabilities and serve as an example of an operating child chain, the Ardor developers have created Ignis. Ignis will implement all of the customizable features that come from the Nxt code base. Essentially, Ignis will be a proof of concept and could be the first of many more child chains on the Ardor platform. The Ignis ICO recently raised $15 million in funding for development. In the future, Ardor child chains could be used to create equity trading platforms, digital file transfer services, private enterprise blockchain applications, and many more use cases. Ardor’s strengths are quick time to setup and wide customizability, making it a great option for companies looking to leverage blockchain without the resources to dedicate to custom development. Ardor has many architectural advantages. One of them and perhaps the most influential one is that it has been created using Java; one of the most widespread programming languages in the world today. This is definitely a step in the right direction seeing as it becomes ten times easier for a commercial application to succeed if the development language is one which most programmers can relate to.
Read more in the whitepaper:
Ardor Project Statement
Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.
Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.
Ardor Safety Report
Ardor has a safety score of 5.49
Ardor is a micro cap coin.
Ardor is suited to a balanced investment style.
This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.
- tradingview profile
Ardor Red Flags
There are currently no Ardor red flags.
Ardor Development Score
The Ardor project has 4 active source code repositories.
The most recent commit was Tue, Nov 5, 2019 4:34 PM
- 13 Watchers
- 15 Stars
- 6 Mentionable Users
- 0 Vulnerabilities
- No commits in the last 28 days
- daily repo updates
- no stars
- no watchers
- no mentionable users
- no repo stars
Ardor Sentiment Score
The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!
The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.
- A collection of articles to be just about confident of the sentiment
- The overall sentiment is extremely positive
Ardor Community Score
The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Ardor?
The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.
Overall Ardor has a strong community, posting and creating lots of content across the internet on social media, forums, blogs and websites.
- extremely high hashtag tweets
- below average reddit articles
- very low gitHub account watchers
Ardor Awareness Score
The awareness score indicates how well Ardor is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Ardor is but a good measure of longevity is how well the project is known by the general public.
Overall Ardor this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.
- poor search result total
- very poor number of news articles mentioning Ardor
- very poor number of headlines about Ardor
- very poor number of Ardor YouTube videos
Ardor Credibility Score
The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?
- Mature project age (released Jul 23, 2016)
Ardor Volume Score
The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag
- average USD 24hr volume
Red flags come in all shapes and sizes
At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.
You expect a level of transparency and professionalism from a project that is asking for your money.
There are all sorts of red flags which you should be weary of;
- 404 (missing) websites
- Expired SSL certs
- Malware/Hijacked sites
- Suspended Twitter accounts
- Private Subreddits
- SEC investiations
If you spot anything suspicious/resolved then please let us know.
Ardor Red flags
No red flags
No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.
How complete is this profile:
1 missing data point
This profile is still waiting for the following data points
- tradingview profile
The rise and rise of blockchain and DeFi, and what it means to IndiaSat, Jan 22, 2022 2:34 AM
Ardor (ARDR): Does the Reward Outweigh the Risks?Mon, Jan 3, 2022 1:36 PM
Ardor Cryptocurrency Over 25% Down In The Last 6 HoursMon, Jan 3, 2022 1:36 PM
Ardor Price Jumps By 34.72% Over The Last 2 Hours ...Mon, Jan 3, 2022 1:36 PM
Ardor Cryptocurrency Went Down By Over 30% In The Last 7 ...Fri, Dec 10, 2021 12:00 PM