7. JELURIDA CO-FOUNDER LIOR YAFFE“In our case, Jelurida did not have any significant stake in the NXT pure proof of stake token. Our new innovative parent/child chain architecture named Ardor required a new parent token which we distributed free of charge to existing NXT holders during 2016 and a child child token called Ignis of which 50% will be distributed to existing NXT holders by the end of December. We sold the other half of the Ignis token in our crowdfunding campaign in order to finance the development of this groundbreaking technology.”
Source: We Asked 10 ICOs Why They Decided to Issue a Token. These Are Their Responses – The Merkle