A new cryptocurrency not yet well known but whose price has tripled in less than a month since its launch, is also the first crypto-gateway to commercialize financial instruments and virtual goods in a safe and transparent manner. Let’s see what Naga Coin is and how it can be bought, since for its references it constitutes an excellent cryptocurrency to invest this 2018.
NAGA Group launched this year 2017, at the end of November, the first decentralized exchange for virtual goods and financial instruments. With NAGA Coin , the Naga team aims to establish the first crypto-gateway to commercialize financial instruments and virtual goods in a safe and transparent manner.
NAGA Coin ICO, the first decentralized exchange for virtual goods.
Frequently the industry suffers due to the low liquidity of virtual and cryptocurrency goods, and the lack of a platform that unifies financial markets, videogame items and virtual currencies. In addition, the complex and elitist nature of financial markets prevents more than 2 billion people around the world from accessing banking services.
Then emerged NAGA Coin, a decentralized cryptocurrency for:
- Financial markets
- Virtual Goods
The company behind the application is SwipeStox and Switex, NAGA Group . The company is listed on Deutsche Börse and since the trading date, the company’s shares have grown impressively, more than four times. That’s 400% in a short period of time.
THE NAGA GROUP AG is a German FinTech company listed on the Frankfurt Stock Exchange. NAGA was born in 2015 and carried out the fastest OPI in Germany in the last 15 years. The share is currently trading 400% above its issue price.
The NAGA Group also aims to allow the conversion of fiduciary money and cryptocurrencies into their NAGA currency.
SwipeStox won the award for the best social trading platform during the AtoZ Forex awards last January. The project has shown particularly strong results since the introduction of its robo-advisory service in September. Meanwhile, the NAGA Group seeks to identify millennials with Switex. In fact, this exchange focuses its efforts on offering a centralized market for virtual items based on computer games .
NAGA Wallet and the virtual goods market
The NAGA Wallet will serve as an ecosystem for the social commerce of cryptocurrencies, stocks, currencies and virtual goods. One of the key ideas behind this pioneering project is to eliminate fraud in the virtual asset market .
The virtual goods market is a big market. However, there is still no centralized exchange for this purpose. In fact, this is where the Naga wallet and the Naga currency fit together.
Through the Naga and Naga wallet and the Naga currency, players, traders and developers can negotiate safely and transparently without worrying about the security of their transaction.
When did you start selling Naga Coins?
- The presale had its beginning on November 20, 2017 and ended on November 27, 2017, the NAGA Coin price was US $ 1.
- Subsequently, the sale of tokens in NAGAICO began on December 1, 2017 and ended on December 15, 2017
- The distribution officially ends on January 7, 2018.
- Tokens that are not sold will be discarded.
And after December 15 can I buy NGCs ?
Of course, since December 22 can be purchased in the exchange recommended by nagaico.com, which is HitBTC.com .
NAGA Coin price at this moment
Information about NAGA Coin ICO
NAGA Coin is based on ERC-20, with an initial cost of $ 1 / NGC and a symbolic sales volume of up to $ 220 million.
The first $ 20 million tokens were distributed in a pre-ICO, which began on November 20 with a bonus of 30 percent.
Then they began distributing other tokens worth $ 200 million in the main sale of tokens that began on December 1 and ended on December 15, 2017.
ICO Naga coin investors can use any wallet compatible with ERC-20 to deposit their NGC. The following are some of the purses compatible with ERC-20:
Why will the demand for NAGA Coin (NGC) grow?
The NGC is the base currency of all the platforms of The NAGA Group , which already process volumes of billions of euros each month. That means that the demand for NGC will grow with each person entering the NAGA ecosystem.
Since the new users will deposit their traditional currencies and cryptocurrency in NAGA Wallet, NAGA will have to buy NGCs in the exchange centers to satisfy the demand. Likewise, some users will choose to buy the NGCs directly. All this will increase the demand, which in turn will enhance the token! The offer of NGCs is limited. In terms of demand, well, there are more than 2 billion potential buyers.
The road map of The NAGA Group
- October 2015: The NAGA Group AG is born
- February 2016: Hauck & Aufhaeuder, one of the oldest banks in Europe, invests in NAGA
- February 2016: wins prize for best event at the FINOVATE Conference in London
- June 2016: SwipeStox executes its first operation with real money
- August 2016: Fosun agrees to create a joint project and invests more than 12 million euros in NAGA
- November 2016: Creation of the joint company for SWITEX
- July 2017: Demand at the launch of the NAGA share is 3.5 times higher than expected
- September 2017: Launch of the SwipeStox Autocopy and CYBO 2.0 features
- September 2017: The capitalization of NAGA reaches 200 million euros
- November 20, 2017: Presale
- December 1, 2017: Main Sale
- December 15, 2017: Completion of the sale of tokens
- April 1, 2018: Launch of NAGA WALLET
- May 1 2018: Integration of NGC as base currency for SwipeStox
- June 1, 2018: Launch of the NAGA debit card
- Quarter 2 of 2019: Launch of the P2P Cryptocurrency Exchange Center of NAGA (Zero Commission)
When we look at the Naga Coin ICO review, we can not ignore an important fact about Naga Group and that is they have an existing profitable business. We are talking about Swipestox. The project has a multi-million dollar volume, far ahead of its competitors.
The Naga Coin ICO team is also very strong. We can see Yasin Qureshi supporting the project. They also have a solid list of advisors.
The demand for a trusted virtual goods market is another important point for Naga Coin ICO.
While teenagers and general players spend millions of dollars per month on purchases in games, there is no central market or regulator for this niche market, at least not yet! Therefore, bringing a market space backed by blockchain for that market will very likely bring a strong demand for Naga Coins.
In addition, the virtual goods market platform, Switex is a joint venture with Deutsche Beurse AG, where Naga Group owns 60% of the shares. It’s another indication that this project is worth pursuing.
To summarize, we see great potential for this ICO. Perhaps Naga Coin ICO, in this brief remaining period of the year, will perform as the best ICO of 2017 , and who knows if maybe until 2018.
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