Blockchain technology’s disruptive force in business and commerce has been perfectly documented. With powerful momentum ensuing from its beginnings as the foundational technological know-how supporting Bitcoin, dispersed ledger technological know-how demonstrates wonderful assure in conditions of its potential impact on the long run of our world.
One rising business at the nexus of these developments is The NAGA Team AG, a German fintech firm. NAGA’s strategic goal is to create planet-course cell and internet apps for the funds markets and gaming sectors, along with reducing edge, blockchain-primarily based solutions.
Outlined on the Frankfurt Stock Exchange as a person of Europe’s quickest rising fintech companies, with six places of work running in five nations, NAGA’s prosperous IPO in July 2017 sparked a share value improve of 500 percent inside of a lot less than 3 months.
Indicative of its powerful advancement as a curator of reducing-edge concepts and business thoughts, NAGA is backed by a selection of substantial profile shareholders, together with the Chinese Fosun Team and Hauck & Aufhäuser (a person of Europe’s oldest banks launched in 1796).
“We Do not Copy, We Disrupt” is a essential concept undergirding NAGA’s roadmap of development. Employing a really knowledge-pushed method, it aims to reimagine the prevailing banking sector model by way of modern, transparent and simplistic cell-first concepts. All item growth and style attempts concentrate on global expansion and a world wide marketing solutions.
New Collaborations, NAGA’s Acceleration Forward
NAGA’s foundational ecosystem is primarily based on SwipeStox, an current iOS and Android application and online buying and selling platform that capabilities as a social network for traders. Operational considering that early 2015, this network is utilized by hundreds of countless numbers of registered people, facilitating over 200,000 monthly transactions at the tune of a lot more than $4 billion.
Signaling its subsequent sizeable breakthrough, NAGA Team and Deutsche Börse formed a joint venture called Switex in December 2016. This venture merges the fiscal buying and selling planet with the gaming planet, making it possible for people to trade in-game goods. Currently beneath growth, Switex is scheduled to launch in beta variety in Q1 of 2018.
NAGA is also scheduled to launch a electronic wallet that will align the two platforms noted previously mentioned. This will enable tokens to be saved so that people can use them for SwipeStox, Switex and other forthcoming assignments these as the NAGA Investing Academy.
This resource will also present a mechanism for the conversion of blockchain belongings these as bitcoin, ether, litecoin and other people. In addition, NAGA programs to launch a debit card which will help people in their need to commit cryptocurrencies the two online and offline.
The NAGA Team AG was not too long ago buoyed by the announcement that Roger Ver and Mate Tokay, Bitcoin.com’s CEO and COO respectively, experienced joined the company’s workforce of advisors.
Through the impact of these two cryptocurrency leaders, the firm hopes to fuel the subsequent iteration of barrier-absolutely free investing into shares or digital goods by way of its forthcoming proprietary token, NAGA Coin.
As arguably Bitcoin’s first angel trader, getting funded the seed rounds for a the greater part of the overall first generation of Bitcoin-related firms, together with the Bitcoin Foundation, Bitpay, Blockchain.facts, Ripple and Kraken, Ver is viewed as a prominent voice and powerful advocate for Bitcoin adoption all-around the planet. His philosophy and ideology of libertarianism and “voluntarism” align pretty succinctly with individuals espoused by NAGA.
Ver retains the perspective that every single particular person on the world has the suitable to liberty of preference, voluntary association and self-governance. This assertion aligns perfectly with NAGA’s goal to build a supportive ecosystem which will enable underbanked people during the planet to take part in fiscal and crypto markets. This prospect for involvement in the planet of buying and selling and investing is seen as a critical move to fostering fiscal independence and absolutely free existence.
Ver’s colleague, Tokay, is also an lively and vocal proponent of Bitcoin. Possessing reduce his tooth as a Bitcoin miner in 2013, Tokay carries on to continue to be abreast of rising crypto tendencies as element of his involvement with many prosperous blockchain-related assignments.
“I am thrilled to be part of the NAGA token sale as an advisor they already have a functioning item that will enable hundreds of thousands of unbanked people today to trade on the crypto markets and with that giving them the prospect to attain fiscal liberty,” Tokay stated.
Dovetailing off of this news was the conclusion to incorporate Bitcoin Dollars (BCH) to the record of recognized cryptocurrencies for NAGA’s upcoming token sale.
“We consider BCH to signify the long run of cryptocurrencies for the reason that of its compact transaction expense and other rewards,” stated NAGA founder Benjamin Bilski. “Thus, we feel that it will lower the boundaries for our potential investors and long run prospects to grow to be a element of our ecosystem.”
Igniting the Future Frontier
With the supreme eyesight to establish a cryptocurrency that lets any individual to make investments and trade quickly and securely, NAGA will launch a token pre-sale on November 20, 2017. The Naga Progress Affiliation Ltd. will spouse with the NAGA Team to introduce the ERC20-primarily based token, NAGA Coin (NGC), a decentralized currency device with the function of bringing with each other all of the platforms the NAGA network by way of its individual proprietary NAGA Wallet.
During the pre-sale, 20 million NGC tokens will be obtainable with a 30 percent sale bonus. The key sale will then begin on December 1, 2017, and final right up until December 15, 2017. The most cap in tokens for the key sale is 200 million.