How to buy NGC?
To buy NGC tokens, please register on https://www.nagaico.com with your email and confirm that you accept the Terms of the Token Sale.
By confirming you accept the terms, you are indicating, among other things, that you are not a resident of a country whose laws and regulations conflict with the purchase of NGC token and/or your participation in the token sale. You will be asked confirm that you are not a resident of the United States, Singapore, People’s Republic of China, Vietnam or resident of a country where American embargoes and sanctions are in force, namely Iran, North Korea, Syria, Sudan, or Cuba. For further details please consult the Terms of Token Sale. Once you have confirmed your email address, you will either create a new wallet, upload a UTC/JSON Keystore, or enter the receiving address manually.
In the next step, the payback addresses for possible oversubscription payments can be added. In the final step, a personal BTC, ETH, etc. address is generated to deposit your investment. You will be sent an email to confirm your payment. The conversion rate to USD or EUR is determined at the time of confirmation by official BTC/USD, ETH/USD, and LTC/USD and other exchange rates, which are provided by our advisors.
Can NGC be purchased on the exchanges?
Yes, tokens will be continuously recirculated into the market by selling them on exchanges. NAGA needs these funds for marketing and continuous development. Recirculating NGC tokens at market price helps to raise their value while engaging the user community. As NGC grows in popularity, the token will raise in price. We expect that NGC will be traded on major exchanges, next to widely known cryptocurrencies such as Bitcoin, Ether, and Litecoin.
How to be completely aware of our service?
- Carefully read our Whitepaper.
- Carefully read our Coin Offer Agreement.
- Subscribe to our newsletter.
- Join our communication channels.
- Carefully study our resources.
What is the purpose of this coin?
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. With our token sale we aim to establish the world´s first crypto-gateway to trade stocks, CFDs, ETFs, and any other sort of financial instruments and in-game items on a global scale in a secure and transparent way. NAGA shall become the trading platform for any financial or virtual product of the future.
Where can I use NGC?
NGC can be used on all NAGA platforms including SwipeStox, Switex and NAGA Academy.
Where will NGC be tradeable?
NGC will be tradable on major exchanges, beside widely known cryptocurrencies such as Bitcoin, Ether, and Litecoin. We expect NGC to become universally accepted outside of NAGA`s ecosystem, as the community grows and new FinTechs and partners are integrated.
How can a holder of NGC benefit?
Usage is base currency for all NAGA services
- Lower Trading Fees on SwipeStox on every asset using a NGC account, for example NGC users will pay 50% of the trading commissions for each trade they perform on SwipeStox.
- Cashback per each Trade performed on SwipeStox using an NGC account.
- Double crediting of Copy Bonuses on SwipeStox using a NGC account.
- Lower Trading Fees on Switex on every asset using a NGC account.
- Cashback Program Switex.
- Discounted purchase of Ad Credits for the Switex and SwipeStox 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.
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 - and growing demand means a growing NGC price! The supply for NGC is limited, and the demand - well, there are 2+ billion potential users and hence 2+ billion potential NGC buyers out there.
How exactly can I use NAGA? Give me examples!
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 complete NAGA ecosystem. Therefore, you could start trading stocks or virtual goods. But there is more to it: If you are using NGC to purchase either of those, you will receive different bonuses. For example a cheaper price, than you would pay, if you would be using EUR or USD.
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 client’s 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 offices of NAGA 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 does not only offer trading with cryptocurrencies but also has a fully functional infrastructure around the 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 SwipeStox we have won the awards at Finovate Europe (one of 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, SwipeStox is currently in the process to connect Interactive Broker Inc. what 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 SwipeStox?
SwipeStox 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. SwipeStox offer a trading functionality and several functionalities of a social network. The platform is thus intended to be more appealing to younger users, who have not dared to enter into the complex financial markets world.
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 games 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 indi-cation 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 coop-eration 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. Via our partner ll NAGA Acad-emy 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).
Is there a detailed plan for NAGA’s actions after the token sale?
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, re-porting, 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.
On the community and business development track, NAGA will continue its aggressive expansion strategy, sign new partnerships and build a strong international brand. Partnerships with leading online marketing agencies and consulting companies will accelerate NAGA`s future expansion plans.
How will the product develop after the Token Sale?
We foresee the following roadmap on the product side:
- Q2 2018 Completion and production deploy of The NAGA Wallet
- Q2 2018 Integration of NGC into SwipeStox
- Q3 2018 Integration of NGC into the SwipeStox and Switex Ad Server
- Q1 2019 subject to funding - The NAGA Exchange*
- Q2 2019 Launch of Peer2Peer FX*
* If the funding goal of 220,000,000 NGC is reached, NAGA plans to develop and build a fully regulated and holistic exchange, that allows its users to invest Fiat, crypto currencies as well as gaming items into any virtual asset offered in the ecosystem.
Are those coins locked?
100% of the Legal & Advisory Tokens will be locked up for 6 months.
Referral Program Tokens will not be be locked.
50% of the Team Tokens will be locked up for 6 months.
How can I contact you?
Feel free to contact us via email, chat or telegram.
How will the NGC be created?
As previously mentioned, the NGC tokens will be created on the ethereum blockchain. We are following 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 tangible and tradeable, from commodities to loyalty points to even other cryptocurrencies! In our case, one NGC token displays the value of one NGC coin 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 a href="https://en.wikipedia.org/wiki/Blockchain">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 standart describes the functions and events that an Ethereum token contract has to implement.
Read more on theethereum.wiki
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, buy back and options.
Who determines the price after the token sale is over?
You - the coin holder.
Supply and demand plays a huge part when talking about the price.
Of course there are other factors as well, for example: The price of the bitcoin, Media, Legal or Government issues and the perception of value by the public.
Some points can be targeted by us, since we are developing the NAGA ecosystem. Others will be set by supply and demand.
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 at current state.
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 an independent expert advice for your jurisdiction.