What Is NAGA (NGC)?
Naga is a social trading platform that allows depositing in the global financial markets without a bank account. The network enables people to exchange above 1,500 global financial assets, including Gold & Co., Facebook, Tesla, etc. without traditional money. As per its whitepaper, Naga aims to transform the world using decentralizing finance technology, providing access to one of the finest trade mechanisms worldwide. The primary goal behind this platform is to create a social, rewarding, safe, and entertaining market for everyone.
The platform discovered various problems in the financial sector, such as its inaccessibility for a large group of people, no one-stop solutions where users can securely trade, and its non-transparent cost structures. Hence, Naga developed a network that allows trading of financial and virtual assets accessible to everyone. The platform allows its users to trade in the global financial markets, trade-in cryptocurrencies, and transfer money utilizing their personal Naga payment account and Naga card.
Further, Naga believes in the power of decentralized services. That's why Naga's vision is of a unified platform for financial services that is not geographically restricted by borders. The existing technology allows Naga to develop a decentralized third-party exchange platform that caters to the leading financial technology worldwide. Naga introduced NGC- the Naga coin, a decentralized unit of account on its platform. Using this decentralized unit, Naga aims to solve the issue of data ownership by keeping it under the user's control.
NGC is a utility token that aims to serve as the unit of account of all future and existing projects of Naga. The digital token allows users to lessen the copy fees paid for using copy trading on the Naga platform. The reduced fees amount aims to offer many benefits for every copy trading user on this platform. Besides this, the NGC token seeks to merge all Naga ecosystem's platforms through its wallet services known as "The Naga Wallet." The Naga wallet facilitates an ecosystem for the social exchange of stocks, cryptocurrencies, and virtual goods.
History Of NAGA (NGC)
Naga was established in 2015 by Benjamin Bilski (CEO and group founder) and Y. Qureshi (co-founder of NAGA as well as founder and former CEO of Varengold Bank). The NGC token project was established in collaboration with "The NAGA Group AG." "The NAGA Group AG" is a FinTech organization situated in Germany and is publicly documented on the Frankfurt Stock Exchange. The whitepaper of NAGA was released on August 3, 2018.
