In the Wake of a Successful IPO on the Frankfurt Stock Exchange, The NAGA Group AG Announces Upcoming NAGA Coin (NGC) Token Sale

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The NAGA Group AG is a German FinTech company listed on the Frankfurt Stock Exchange with over 150 employees. Today, they officially announced their Token Sale to launch the NAGA Coin (NGC) and create the first Blockchain-based ecosystem for decentralized trading, investing and education in financial markets, virtual goods, and cryptocurrencies.

[Note: This is a press release.]


Who is The NAGA Group AG? 

After performing one of the fastest IPOs and being listed on the Frankfurt Stock Exchange on July 10th 2017, The NAGA Group AG saw a share price increase of 400% in less than 3 months, The NAGA Group AG (ISIN: DE000A161NR7) is currently offering two platforms based around the trading of financial instruments and virtual items. Founded with the mission to make financial transactions in stocks, cryptocurrencies 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.

NAGA’s first venture is an online trading platform and social network for traders called SwipeStox (iOS | Android apps), which has been in operation since early 2015. The SwipeStox trading platform is home to thousands of registered users and facilitates several thousand transactions each month. The second venture called Switex is currently under development and will be launched in beta in Q1 2018.

The NAGA Ecosystem

NAGA has a CySEC-regulated brokerage firm and asset management company within the group called NAGA Markets Ltd. (former Hanseatic Brokerhouse Global Markets Ltd.) based in Cyprus that specializes in Forex and CFD trading. Furthermore, NAGA’s sales and lead-generating engine HBS AG (Hanseatic Brokerhouse Germany & Spain) focus on the acquisition and support of traditional customers in the trading segment.

SwipeStox (available for iOS, Android, and Web), which is directly connected to NAGA Markets Ltd., supplements the company’s product offering and allows customers to access a more modern and mobile-oriented trading platform. SwipeStox’ technology solution also offers open interfaces for other third-party brokers which are able to benefit from the company’s technology solution. Depending on the strategic orientation, NAGA, therefore, can expand its own ecosystem through its own network as well as through a stronger involvement of partners.

NAGA’s second venture, Switex, has enormous disruption potential and is the ideal addition to the ecosystem as it allows for the connection of the financial trading world with the gaming world. With several offices across major European countries, including Germany (2 offices in Hamburg), Spain (offices in Barcelona, Madrid, Valencia and Palma de Mallorca), and Cyprus (Limassol), NAGA today has access to more than 20,000 paying clients from more than 100 countries.

Within its ecosystem, NAGA combines the elements of social media networks (chats, channels, video and ad server, follow and watch functions) in its products alongside the more classical approach of trading. Users of the platform produce daily contributions (“User-Generated Content”). Similar to platforms such as Twitter, LinkedIn or Facebook, the community creates and shares content themselves free of charge, thereby enhancing viral growth without incurring any additional costs for NAGA.

NAGA Wallet

NAGA will enable the transfer of tokens via the NAGA Wallet into SwipeStox and Switex and all future projects that fall within the NAGA ecosystem. Every platform user can choose between different blockchain assets as a source of payment within the NAGA Wallet. Furthermore, the user can conveniently convert a wide range of blockchain assets such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), etc. from one to another by simply using his personal NAGA Wallet (and of course the NGC). 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.

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 being a solution to facilitate investments in stocks or trade virtual goods. The NGC will serve as the universal base currency with a direct integration into SwipeStox and Switex as well as all upcoming products within the NAGA Ecosystem.

NAGA Debit Card

Every crypto investor faces the same problem: opportunities to exchange digital tokens for goods and services in our everyday lives are very limited. Buying goods and services with cryptocurrencies should be as easy as buying with USD, EUR, or JPY.

To solve this problem, NAGA will also introduce the NAGA debit card, allowing users to spend their cryptocurrencies in millions of online and offline locations worldwide. In fact, everyone who purchases NGC during the token sale is already an early user of the Naga Wallet. As it allows users to buy NGCs with BTC, ETH, LTC, DASH or with FIAT currencies using their credit card or bank transfer, it is the first Proof of Concept.

Token Sale and Pre-Sale Details

 PRE-SALE

MAIN SALE:

BONUSES:

During the pre-sale, we offer a bonus of 30% for early investors.

PAYMENT METHODS:

Eight payment methods are available. You can buy NGC with Ethereum, Bitcoin, Litecoin, Dash or in fiat currencies via bank transfer (SEPA/SWIFT) and credit cards.

Token distribution:

Token sale proceeds will be allocated as follows:

The distribution officially ends on 07.01.2018. At this point in time, the sale and purchase agreement of the NGC tokens entered into between the token subscribers and the token distributor will become legally effective and binding. After this, no further tokens will be distributed. There will be no further tokens created after the hard cap is reached and the total amount of 400,000,000 NGC will not be exceeded. All unsold tokens will be burned.

New users of SwipeStox and Switex will be able to select NGC as the base currency and existing ones will have the option to use it as a payment method.

You can find more information by visiting NAGA’s website and their Bloomberg profile.


Images courtesy of The NAGA Group AG

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