NAGA

What is NAGA Coin (NGC)?

NAGA Coin ($NGC) serves as a versatile cryptocurrency facilitating the trading of over 1,500 global financial assets without the necessity of a bank account or fiat money. Seamlessly integrated into one of Europe's rapidly growing trading platforms, NGC offers a unique blend of investment and social trading functionalities. Users can access assets ranging from Tesla and Facebook stocks to commodities like Gold, all without traditional banking constraints. NGC's utility extends beyond traditional trading, branching into decentralized finance (DeFi) applications and soon, sports betting.

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Recent Video Interview

Main points of the interview:

• Naga's evolution from a social network for traders to a comprehensive financial super app.
• Naga has grown significantly, with 60 million in revenue this year and plans to list on NASDAQ.
• The platform integrates a variety of financial assets and offers unique features like Naga Autocopy for replicating trades and Naga Pay for banking services.
• Contrasts Naga with competitors like eToro, highlighting Naga's more dynamic copy trading model and extensive global growth.

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NAGA Coin Integration and Utility

• Copy Trading Fee Reduction: NGC operates as the utility token on the naga platform, enabling users to decrease copy trading fees significantly. This fee reduction mechanism delivers unprecedented benefits to all copy trading participants.
• Enhanced VIP User Levels: NGC accelerates progress towards higher VIP user tiers on Naga, offering a suite of benefits including reduced trading fees, improved spreads, free educational resources, and more.
• Fuel for Copy Trading and Social Betting: NGC serves as the primary commission fuel for blockchain-based copy trading and social betting functionalities on the platform.

NAGA DeFi: Empowering Decentralized Social Trading

NAGA DeFi introduces a decentralized, blockchain-based social trading service, enabling users to emulate the strategies of successful traders on-chain. Through this service, users can collaborate with successful traders and profit alongside them in a transparent and secure environment. NAGA DeFi's features include:

• On-Chain Smart Contracts: Facilitating secure and transparent transactions, NAGA DeFi employs smart contracts to execute copy trading seamlessly.
• Wallet-to-Wallet Copy Trading: Users can copy the trading actions of successful investors directly on-chain, amplifying their portfolio management capabilities.

NAGA Coin: Bridging Traditional and Decentralized Finance

NAGA Coin, developed in partnership with NAGA, operates as the backbone of the NAGA social trading ecosystem. With over 1 million active users, NAGA Trader offers a robust platform for users to engage in social trading and investment activities. NGC holders benefit from reduced copy trading fees, improved trading conditions, and exclusive bonuses. As NAGA resumes its focus on the NGC project, the coin's integration with the burgeoning social trading network heralds a new era of growth and innovation.

Roadmap

Several significant milestones have already been achieved in the development of NAGA Coin (NGC). Users can now stake NGC and other cryptocurrencies, unlocking additional features and benefits. The introduction of NAGAX Autocopy enables automated trading strategies by replicating successful traders' actions on the NAGAX platform.

Purchasing NGC has been made more accessible through streamlined processes, allowing users to buy NGC with credit cards. The integration of a dedicated NFT platform within NAGAX enhances trading experiences by incorporating non-fungible tokens. Furthermore, NGC has been seamlessly integrated into social betting platforms, enhancing user engagement and expanding the utility of the coin within the broader NAGA ecosystem. These completed milestones signify significant progress in realizing the vision of NAGA Coin as a versatile and integrated cryptocurrency facilitating various financial activities.

Team Background

Yasin Sebastian Qureshi, Founder & Executive Director of NAGA, boasts extensive experience in banking and finance, being Europe's youngest person to obtain a banking license. He founded and led his own investment bank, taking it public in 2007. Qureshi is also an investor in technology startups and film, co-founding the Global Citizen Foundation, demonstrating a strong commitment to finance, brokerage, and technology disruption.

Benjamin Bilski, another Founder & Executive Director, is a serial entrepreneur with a background in professional swimming. Co-founding angelplatz at 21, a leading German e-commerce platform for fishing equipment, Bilski holds an MSc. in Management from EBS University. Recognized by Forbes in their "30 under 30 Europe" list, Bilski excels in technology, eCommerce, finance, and mobile and affiliate-based models, contributing significantly to NAGA's innovative pursuits.

NAGA Price Analysis

As of November 24 2024 NAGA has a marketcap of $1.3M. This is {{percentagefromath}} from its all time high of $3.74. In terms of its tokenomics, there's a total supply of 78M with 100% currently outstanding. Keep in mind NAGA has a fully diluted value of $1.3M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.