NAGA Group Announces New Standards For ICOs

This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.

ICOs have raised over $2.3 billion in funding for tech startups this year alone, spawning a whole new industry based on the exchange of tokenized goods, services, products, and assets. However, most investors hesitate to explore the potentials of this new industry due to the fact the 84% of current ICOs have no working product to back their offers.

NAGA, a German company that specializes in the development and integration of cutting-edge technological solutions for capital markets and gaming, is set to change all that. As one of the most successful and most traded retail stocks on German Stock Exchange, NAGA knows the importance of having provable claims and working products for investors. Over the last two years, the company has successfully raised over $15m in capital funding from various acclaimed investors, including Europe’s oldest bank, Hauck & Aufhaeuser, and China’s largest private investment conglomerate, FOSUN. It also carried out the fastest German IPO in the past 15 years and is now trading over 400% above its issued price just four months later.

ICO investments are notorious for their wild and violent swings with most trading well below their issue price, leaving investors to hold the bag in the hopes of a rebound. However, this possibility is never assured due to the inherent dependency of these ICOs on other market values instead of theirs. As a publicly listed company, NAGA brings its own market values to the table, independent of market volatility and combining many key advantages for investors, including:

  • A listed company with billions of EUR in trading volume and several hundred thousand transactions per month
  • Ownership of various EU-financial licenses and state-of-the-art legal setup.
  • Key partnerships that will result into penetrating the Asian markets
  • Widespread usage and adoption of NAGA’s products.
  • Massive press coverage of The NAGA Group stock

Considering the fact that over 2 billion people in the world remain unbanked with no access to basic financial services, NAGA aims to make trading financial and virtual goods accessible to everyone on a single, unified platform. This one-stop platform where users can securely store their data, directly transfer and exchange values, and access innovative products for trading, eliminates market opacity and uncertainty. This powerful, new, decentralized ecosystem is driven by the NAGA Coin (NGC). The NGC unites all interactions on the platforms through its own wallet service called the Naga Wallet. This wallet allows users to convert any currency to cryptocurrencies and vice versa, and to receive cash-back and loyalty bonuses through a sophisticated token economy framework. The wallet also provides access to stocks and in-game goods across various platforms, enabling users to seamlessly trade them on a transparent platform.

The NAGA Group is pleased to announce the addition of the CEO of Bitcoin.com, Roger Ver, and its COO, Mate Tokay, and Miko Matsumura, founder of cryptocurrency exchange Evercoin and is a Limited Partner with the Pantera Capital ICO Fund to its advisory board. These leading luminaries of the cryptocurrency world will help NAGA shape the future of cryptocurrencies.

Visit NAGA’s website for more information.

Join the community on Telegram.