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ICOs raised more than $ 2.3 billion in funding for start-up technology companies this year, creating a brand new industry based on the exchange of goods, services and products and symbolized assets. However, most investors are reluctant to explore the potential of this new industry due to the fact that 84% of current ICOs do not have a functional product to support their offerings.
NAGA, a German company specializing in the development and integration of advanced technology solutions for capital markets and gaming, will change all that. NAGA is one of the most successful and highly traded players on the German Stock Exchange, and it is aware of the importance of having provable claims and functional products for investors. Over the last two years, the company has successfully raised more than $ 15 million in capital from several acclaimed investors, including the oldest European bank, Hauck & Aufhaeuser, and the largest Chinese conglomerate of private investment, FOSUN. It has also achieved the fastest German IPO in the last 15 years and is now trading at over 400% above its published price four months later.
ICO's investments are known for their wild and violent fluctuations, most trading well below their issue price, leaving investors holding up in the hope of a rebound. However, this possibility is never assured because of the inherent dependence of these IFAs on other market values instead of theirs. As a publicly traded company, NAGA brings its own market values to the table, regardless of market volatility and combining many key benefits for investors, including:
- A listed company with billions of euros in transaction volume and several hundred thousand transactions per month
- Owned various EU financial licenses and state-of-the-art legal configuration.
- Main partnerships that will result from the penetration of Asian markets
- Generalized use and adoption of NAGA products.
- Massive media coverage of the NAGA group's stock
Considering the fact that more than 2 billion people in the world do not have access to basic financial services, NAGA aims to make the trade of financial and virtual goods accessible to all on a unique and unified platform. This unique platform where users can securely store their data, transfer and exchange values directly, and access innovative products for business purposes, eliminates the opacity and uncertainty of the market. This powerful, new and decentralized ecosystem is driven by NAGA (NGC). The NGC combines all platform interactions with its own portfolio service called the Naga Portfolio. This wallet allows users to convert any currency into cryptocurrency and vice versa, and receive loyalty and cash-back bonuses through a sophisticated symbolic economy framework. The wallet also offers access to inventory and products on various platforms, allowing users to exchange them seamlessly on a transparent platform.
The NAGA Group is pleased to announce the arrival of Bitcoin.com's CEO, Roger Ver, and his chief of operations, Mate Tokay, and Miko Matsumura, founder of Evercoin Cryptocurrency Exchange and sponsor of Pantera Capital ICO Fund to its advisory board. These world leaders in cryptocurrency will help NAGA shape the future of cryptocurrency.
Visit the NAGA website for more information.
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