What is NGC?
The NGC is a decentralized cryptocurrency for trading and investing in financial markets, virtual goods and cryptocurrencies. All activity in the network revolves around NGC, from serving as the primary form for fees and collateral, to serving as the main base currency for any transactions. NGC shall become the driver of a sustainable economy where demand grows as more and more users, financial institutions, and game-publishers join the NAGA ecosystem.
Is NGC a utility token?
Yes. NGC is a decentralized cryptocurrency for trading and investing in financial markets, virtual goods and cryptocurrencies. It is used as a unit of account within the NAGA ecosystem and is thus a utility token.
Why should I use NGC?
There will be a variety of uses for NGC. To sum a few up: You can purchase education packages and acquire online degrees.Furthermore, you can use NGC as a base payment method in the entire NAGA ecosystem. Therefore, you could use NGC to start trading stocks or virtual goods.But there is more to it:If you are using NGC to purchase either of those, you will also receive different bonuses. For example, a cheaper price than you would pay if you were using EUR or USD.
How can I buy/sell NGC?
You can buy/sell NGC at the following exchanges:Okex.comHitBTC.comCobinhood.comEtherdelta.com/#0x72dd4b6bd852a3aa172be4d6c5a6dbec588cf131-ETHIf you don´t have any cryptocurrencies yet, you can buy with creditcard or bank transfer at coinbase.com, xapo.com or LocalBitcoins.com and then purchase ETH, BTC or USDT and send them to the exchange where you want to trade. See all markets where you can exchange NGC here
Is NGC secure?
In terms of website and platform security - yes!Our infrastructure is located across private clouds, which is replicated several times and backed up.We use extensive firewalls and load balancers to establish network security and the best accessibility. Also we constantly monitor new threads and apply security patches immediatelly after release. Our servers are running Linux as OS and we have exlusive security support.We never store private keys of crypto wallets inside of our infrastructure. These are stored and secured according to the Glacier Protocol
How many NGC are there?
The NGC distribution has ended. There were 77,910,266.15769 NGCs distributed. All unsold tokens were burned.
How was NGC created?
The NGC tokens were created on the ethereum blockchain.We followed the standard ERC20 protocol on the ethereum blockchain through smart contracts.
What is a token?
Tokens are a representation of a particular asset or utility that usually resides on top of another blockchain.Tokens can represent basically any assets that are fungible and tradeable, from commodities to loyalty points to even other cryptocurrencies! In our case, one NGC tokens displays the value of one NGC on top of the ethereum blockchain.
What is a smart contract?
This is a specially designed program code that allows you to automatically perform certain functions when certain conditions occur. To implement smart-contracts, a decentralised environment is required that completely excludes the human factor. To use the transfer of value in a smart-contract, it requires a cryptocurrency. Read more on Wikipedia.
Can I see the Smart-contract?
The smart contract is published at Github
What is a blockchain?
Blockchain is a big deal that takes a lot of explaining. In summary, it is: a distributed database that doesn’t have storage devices connected to a shared server. This database stores an ever-growing list of ordered records, called blocks. Each block contains a timestamp and a link to the previous block. Read more on Wikipedia
Why are you using Ethereum?
Launched in 2015, Ethereum is a decentralized software platform that enables SmartContracts and Distributed Applications (ĐApps) to be built and run without any downtime, fraud, control or interference from a third party. Ethereum is not just a platform but also a programming language (Turing complete) running on a blockchain, helping developers to build and publish distributed applications. The potential applications of Ethereum are wide ranging. That’s why we decided Ethereum is the best platform for the NGC.
What is the ERC20 standard?
The ERC20 token standard describes the functions and events that an Ethereum token contract has to implement.
Why are only 55% being sold? What happens to the rest?
17.5% are reserved for employees. 5% are reserved for the referral program. 12.5% are reserved for legal and advisory. 10% are reserved for M&A reserve and options.
What are Fiat, Bitcoin and Ether currencies?
Fiat money is a currency without intrinsic value established as money by a government regulation or law. Bitcoin was the first cryptocurrency published by Satoshi Nakamoto.
Can I mine NGC?
No, NGC will not be mineable in its current state.
How does the NAGA CARD work?
What's the current price of NGC?
Where can I use NGC?
NGC can be used on all NAGA platforms including NAGA TRADER, Switex and the NAGA ACADEMY.
How can a holder of NGC benefit?
NGC is the base currency for all NAGA services:
- Lower Trading Fees on NAGA TRADER on every asset using a NGC account, for example NGC users will pay 50% of the trading commissions for each trade they perform on NAGA TRADER.
- Cashback per each Trade performed on NAGA TRADER using an NGC account.
- Double crediting of Copy Bonuses on NAGA TRADER using a NGC account.
- Lower Trading Fees on Switex on every asset using a NGC account.
- Switex Cashback Program.
- Discounted purchase of Ad Credits for the Switex and NAGA TRADER AdManager.
- Community Status and Free Access to Paid and Premium Content.
- As a user you benefit from the digital transformation of the largest industries in the world.
Where are NAGA tokens being stored?
All NAGA Tokens are generated and controlled by a smart contract. NAGA Tokens will be stored by our company founders in a cold storage.Your Tokens will be held by you, in your personal wallet.
Why will the demand for the NAGA COIN (NGC) grow?
The NGC is the base currency for all our platforms, already trading billions of EUR every month. With every new user the demand for NGC grows.
As more and more users join and fund the NAGA Wallet in fiat or cryptocurrencies, NAGA has to keep buying NGC at the exchanges to satisfy this growing demand. Alternatively, users will buy NGC directly at the exchanges.
What seperates us from other crypto providers?
- A listed German entity with millions of EUR in yearly revenues, billions of EUR in trading volume and several hundred thousand transactions per month.
- The NAGA stock has attracted massive press attention and was even considered as one of the top traded retail shares in Germany.
- An aligned and motivated team which has achieved many notable milestones together (amongst them one of Germany`s fastest IPOs in the last 15 years).
- The NAGA Group AG is backed by some of the world’s largest and most prestigious shareholders, such as mainland China’s largest private multi-hundred-billion investment company, FOSUN Group, the German Stock Exchange (Deutsche Börse AG), as well as Germany’s second oldest bank, Hauck & Aufhaeuser (founded 1796).
- With NAGA TRADER we have an existing product generating multi-million USD in yearly revenues driven by thousands of users with its own robo-advisor called CYBO.
- With Switex, we have a virtual item exchange in alpha phase based on a partnership with leading players in the industry..
What is NAGA?
NAGA is a team of more than 120 people across Europe who aim to reinvent the online trading and gaming industry by providing everyone the possibility to trade financial instruments and virtual items.
Who stands behind NAGA?
NAGA's team combines deep know-how in trading, banking, and blockchain technology with the right mixture of start-up spirit and corporate professionalism to bring enthusiastic innovation and measurable results to our clients' business processes.
How does NAGA differ from competitors?
Compared to our competitors within the online trading and gaming industry, NAGA is the first platform that combines both worlds and sees itself as the trading platform of the future.
What is the purpose of NAGA as a company?
Founded with the mission to make financial transactions in stocks and the gaming market more transparent, secure and accessible to everyone, the NAGA team stands for disruptive and innovative solutions in the online trading and gaming world.
Are there any NAGA offices in Europe?
Yes, Naga has its offices located in Hamburg (Germany), Sarajevo (Bosnia & Herzegovina), Madrid, Barcelona, Valencia, Palma d. M. (Spain), Limassol (Cyprus).
What is NAGA’s vision for the future of trading?
We at NAGA don`t just believe in decentralized and transparent data but also in the power of decentralized services. Our vision of the all-in-one platform for financial services is not geographically bound by borders. Today’s technology and regulation allows us to create a decentralized third-party marketplace that brings the leading financial technology to everyone around the globe.
What is NAGA’s vision of the future trading platform?
The trading platform of the future not only offers trading with cryptocurrencies but also has a fully functional infrastructure around blockchain technology, allowing everyone to trade financial instruments as well as virtual products, such as in-game items.
What are your corporate achievements without paying attention to your IPO?
With NAGA TRADER we have won awards at Finovate Europe (one of the most important FinTech awards). We also won the Digital Top 50 award, the A to Z Award as best Social Trading Platform, and the Red Herring Award.
Who are your investors/partners?
We are backed by the largest private investment conglomerate from China called FOSUN who is our main shareholder and are further supported and backed by widely known investors, institutions and advisors such as one of the oldest private banks in Germany Hauck & Aufhäuser.
Is NAGA a company with fixed structure or is it striving to expand over time?
Several providers are already live and connected and allowed NAGA to scale faster than its peers. After connecting several brokers around the globe such as FXCM, NAGA TRADER is currently in the process of connecting Interactive Broker Inc. which will allow us to offer physical stocks on our platform. With a growing number of connected providers, brokers and publishers, the NAGA ecosystem will grow exponentially.
What is NAGA TRADER?
NAGA TRADER is a subsidiary of NAGA which offers a unique concept that allows everyone to trade Forex, Indices, Stocks, ETFs and CFDs by copying other traders. NAGA TRADER offers trading functionality as well as similar functionalities to a social network. The platform is thus intended to be more appealing to younger users who have not yet dared to enter into the complex world of financial markets.
What is Switex?
Switex will be the first legal, market eco-system for virtual goods, which will allow gamers, game developers, and publishers to all profit fairly.
Furthermore, Switex will step into the immense world of the gaming industry, with over 1.8 billion gamers and over $108 billion in worldwide revenue. In light of the fact that there is still close to 50% of the word’s population without internet, the number of gamers will almost certainly increase over the next few decades and the games market will become even more significant as new generations grow up with games/gamified content around them.
An indication of the hidden potential in this market can be seen in the very game relevant E-Sports market, which has experienced explosive revenue growth in the last few years, from $325 million in 2015 to over $696 million in 2017. This is expected to grow again to $1.5 billion in 2020.
What is NAGA ACADEMY?
NAGA ACADEMY is planned to be launched in Q1 2018. The academy will be launched in cooperation with a leading Cypriot educational institution with over 20 years of experience, offering recognised UK bachelor and master degrees in Business Management, Accounting, Law, etc. The NAGA Academy will offer online training through webinars and web-based courses, as well as offline education through classes, workshops and seminars in financial trading, FinTech technology, cryptocurrencies and virtual goods trading/economy.
NAGA Academy offerings can be acquired using NGC as well as other crypto- and fiat currencies via the NAGA Wallet.
What is NAGA Markets Ltd?
NAGA Markets is a licensed and regulated European broker. A regulated Investment Services Firm authorized in the conduct of its activities by the Cyprus Securities and Exchange Commission (CySEC) under the CIF License Number 204/13 and registered with FCA (FSA, UK).
What is the plan of action for NAGA?
The further Development of the NAGA Platform consists of three tracks:
- Technology development
- Legal and licensing development
- Community and business development
The technology development track is dedicated to creating not only the smart contracts for NGC and its ecosystem, but also all the necessary infrastructure for fund administration, reporting, analysis, and integration with publishers, banks and brokers. Thanks to the extensive experience of the NAGA team in the development of trading platforms and the setting up of API connections with lending companies, these tasks rest on a solid foundation of expertise and successful track record.
On the legal and licensing track, NAGA legal and executive teams will focus their efforts on setting up a fully transparent, licensed where necessary, and auditable structure, making sure that the envisioned structure is fully compliant with regulations. To do this, NAGA will perform in-house research as well as contract with reputable legal firms.
How will the product develop now that the token sale is completed?
We foresee the following roadmap on the product side:
- Q1 Integration of NGC as a base currency & deposit method to NAGA TRADER
- Q2 2018 - Launch NAGA WALLET
- Q3 2018 - Launch NAGA ACADEMY
- Q3 2018 - Launch NAGA WEALTH
- Q4 2018 - Launch NAGA PAY
- Q1 2019 - Alpha Launch NAGA EXCHANGE
- Q2 2019 - Launch NAGA GUARD
- Q2 2019 - Launch Peer2Peer FX*
Are the team and advisory/legal tokens locked?
100% of the Legal & Advisory Tokens will be locked up for 6 months.
50% of the Team Tokens will be locked up for 6 months.
Referral Program Tokens were not set to be locked.
How can I contact you?
Feel free to contact us via email, chat or telegram.
How is NAGA maintained in a legal field?
NAGA owns various financial licenses, including an asset management license, and is built on a top legal setup.
What is the legal structure of the NAGA COIN (NGC)?
The NAGA COIN (NGC) is a project by the NAGA DEVELOPMENT ASSOCIATION LTD. in cooperation with THE NAGA GROUP AG, Hamburg. The coin will be issued by the NAGA DEVELOPMENT ASSOCIATION LTD.
How is the collected cryptocurrency regulated by the tax authorities?
This is treated differently in each jurisdiction. A token can be a means of payment, a digital asset, a foreign currency, a software and even a service. Please seek independent expert advice for your jurisdiction.