NAGA Group AG, a publicly traded company on the Frankfurt Stock Exchange will be holding a token sale for NAGA coins on November 28th. NAGA specializes in the development of cutting-edge technology for capital markets and gaming. The company operates and owns SwipeStox, an EU-licensed brokerage company, one of the fastest growing social networks for trading with millions of EUR in revenue, and Switex, a virtual goods exchange which is backed by the world’s largest exchanges as a joint venture partner. The company is also launching a trading academy called NAGA Academy in Q1 2018.
The NAGA Coin (NGC) will be a decentralized unit of account and will unite all of the platforms in the NAGA ecosystem through its own wallet service called The Naga Wallet. The wallet will bridge the company’s two major projects along with the soon to launch NAGA Academy and enable an ecosystem for the social trading of cryptocurrencies, virtual goods and stocks. The wallet will also be attached to a cryptocurrency and NGC enabled VISA debit card.
WHY THE NAGA INITIAL TOKEN SALE WILL BE A SUCCESS STORY
As a publicly listed company, NAGA combines many key advantages for token holders. The most important key advantages are listed below:
- As listed German entity with millions of EUR in yearly revenues, billions of EUR in trading volume, and several hundred thousand transactions per month.
- NAGA already has the users, the technology, and millions in revenues.
- A management owned and growth-driven young international FinTech company with a team of more than 120 people.
- NAGA owns various EU-financial licenses, including an asset management license and is built on a solid legal setup.
- In partnership with NAGA’s shareholder, the Chinese Fosun Group, the first steps for an expansion into the Asian markets has already taken place.
- With SwipeStox, NAGA has an existing product generating multi-million USD in yearly revenues, driven by thousands of users and featuring its own robo-advisor called CYBO.
- With Switex NAGA has a virtual item exchange in alpha phase based on a partnership with leading players in the industry, including a DAX30 company.
- Backed by the largest private investment conglomerate from China, FOSUN4, who is NAGA’s main shareholder and is further supported and backed by widely known investors, institutions, and advisors such as one of the oldest private banks in Germany, Hauck & Aufhäuser (founded in 1796).
One of the most exciting parts of the NAGA ecosystem is the wallet. The NAGA wallet plays a central role in the NAGA ecosystem. It serves as a secure wallet for its users which allows the deposit and exchange of cryptocurrencies and fiat money as well as a solution to invest in stocks or trade virtual goods. The NGC will serve as the universal base currency with direct integration into SwipeStox and Switex as well as all upcoming products within the NAGA Ecosystem. The web and later mobile application facilitates the storage of all major cryptocurrencies, the easy management of crypto portfolios, simple transfers of funds between peers, and a multitude of other functionalities. Moreover, the wallet will be connected to the leading crypto-exchanges.
The NAGA token will serve as the base currency and decentralized unit of account for all parts of the NAGA ecosystem:
- SwipeStox – social network for traders
- CYBO – Robo-Advisory service
- Switex – The virtual goods exchange
- NAGA wallet – Multi-asset wallet application
- NAGA Academy – Online Trading University
The NAGA token sale will be made available at nagaico.com/tokensale. Tokens will be distributed to the provided ETH address inside the NAGA ITS Client Area within seven days of the initial token sale (ITS) closing date.
- Pre-Sale: 20 of November 2017 (00:00 CET) – 27 of November 2017 (23:59 CET)
- ITS: 1 of December 2017 (00:00 CET) – 15 of December 2017 (23:59 CET)
- Purchase: 1 NGC Token sold at $1.00
- Tokens Available for Sale: 220,000,000 NGC (two hundred twenty million)
- Min Cap in Tokens: 1,000,000 NGC (one million)
- Token Price: $1.00
- Ticker Symbol: NGC
- Minimum Purchase Per Person: $10 (=10 NGC)
- Maximum Purchase Per Subscription: 10,000,000 NGC
- Pre-Sale: 20,000,000 NGC
- Main Sale: 200,000,000 NGC ($200,000,000)
NAGA’s stock on the Frankfurt Exchange has generated a 400% return on its share price since 2015. It was in its first week after the IPO that it became the exchange’s most traded retail stock. So the question is, how will its token perform?