Ignis (IGNIS) is a native token on the child-chain of Ardor blockchain. Ardor blockchain is designed to have multiple child chains, the benefit of which is each child chain works independently, can run the Dapps and perform a transaction without using the Ardor tokens. However, each child chain has the security and efficiency coming from Ardor blockchain. Ignis is one the child-chain of the Ardor blockchain that is fully decentralized with no restrictions and is managed by Ardor network. TheShow more [+] tokens on child-chains are tradeable and interchangeable with other child-chains. Ignis provides features such as coin exchange, voting, asset exchange, decentralized marketplace, aliases, messaging and conditional transactions.
Ignis, Ardor, and Nxt are managed by Jelurida which is a Switzerland based company. The company was co-founded by Kristina Kalcheva, Lior Yaffe and Petko Petkov. There are 9 other members in Jelurida company.