The NAGA platform provides a unified interface for managing various financial instruments and assets, including digital assets, cryptocurrencies, stocks, etc. It utilizes blockchain technology, combining decentralized technology with a centralized platform to offer ease of use and accessibility to users with different levels of experience in the financial markets.

The NAGA ecosystem is supported by notable figures in the cryptocurrency and fintech industries, including individuals like Roger Ver, CEO of Bitcoin.com, and Miko Matsumura, a Limited Partner at Pantera Capital, who serve on the advisory board.

NAGA Coin (NGC) is a decentralized utility token that serves as the native cryptocurrency of the NAGA ecosystem. NGC has multiple applications within the platform as a utility token, including acting as a medium of value exchange and providing various benefits to token holders.

$NGC is seamlessly integrated into the NAGA platform, serving as the primary currency for transactions, fee payments, and collateral. Users can utilize $NGC for reduced trading fees, cashback rewards, access to premium content, and more.

Here are the key components that comprise the NAGA ecosystem:

NAGA Trading Platform

NAGA offers a unified trading platform allowing users to access financial markets and cryptocurrencies seamlessly. By doing so, it seeks to eliminate unnecessary intermediaries and reduce transaction fees.

NAGA Trader

NAGA Coin is integrated with the NAGA Trader, a financial social investing platform with over one million active users. NGC holders can enjoy reduced copy trading fees and access higher VIP user levels on the platform.

Social Betting (Upcoming)

Additionally, NGC will fully integrate into a copy betting platform, allowing users to copy the bets of successful bettors. As of July 2023, this feature is yet to go live on NAGA.

NAGA DeFi

NAGA DeFi is a decentralized blockchain-based social trading service within the NAGA ecosystem. It enables users to copy the actions of successful traders on-chain and profit together with them using NAGA Coin.

NAGA Wallet

NGC is seamlessly integrated into the NAGA Wallet, so users can send and receive cryptocurrencies using just a registered email address. The wallet offers zero fees on internal transactions, an ICO hub, real-time updates on token prices, instant transactions, multi-currency support, and a built-in exchange.

The founders of NAGA Group AG are Benjamin Bilski and Yasin Sebastian Qureshi. Benjamin Bilks played a significant role in the establishment and success of the company.

NAGA Group AG was listed on the Frankfurt Stock Exchange in 2017, indicating that the platform and the company were already operational. NAGA Group AG announced the launch of Nagax, a crypto trading platform, in March 2022. NAGAX focuses on cryptocurrencies, including a crypto wallet and exchange of over 50 assets.

Additionally, a planned non-fungible token (NFT) and staking platform named NAGA Earn was set to be introduced shortly after the launch of Nagax. This platform aims to offer a unique Web 3 social trading experience by converting user-generated content into NFTs for monetization.

NAGA aims to become a source of social finance through its innovative ecosystem, offering features such as social trading, social betting, and financial and social investing platforms. This immersive ecosystem aims to modernize the financial sector and introduces various use cases for the NAGA Coin, including NAGA DeFi and NAGA Social Betting.

NAGA's platform offers various trading instruments, including Forex, cryptocurrencies, commodities, stocks, and more. The platform's adoption by users and traders could positively impact the demand for NAGA Coin, driving its value.

For investors looking to diversify their cryptocurrency portfolio, NAGA Coin presents an option focusing on social finance and unique use cases. Diversification can mitigate risks associated with investing in a single asset.

While we cannot offer an accurate NGC crypto price prediction over any timeframe, several factors could contribute to volatility in the NAGA Coin cryptocurrency, such as:

Level of Adoption of NAGA Platform

The investor demand for NAGA Coin is influenced by its adoption and use cases within the NAGA ecosystem. As more users and traders join the platform, the demand for NGC may increase, positively affecting its price.

Future Developments in NAGA Ecosystem

Updates, enhancements, or new features introduced to the NAGA platform can influence NGC's price. Technological improvements that enhance the utility and user experience of the platform may attract more users and investors.

Crypto Market Sentiment

Investor sentiment highly influences cryptocurrency markets, including fear, greed, and overall market optimism. Positive news, developments, and adoption can drive bullish sentiment, leading to an increase in NGC's price, while negative news or regulatory uncertainty can result in bearish sentiment and price declines.

NAGA Coin (NGC) is the crypto token that powers the NAGA platform and serves as a medium of value exchange within its ecosystem. Here are some of its use cases:

Utility Token of NAGA Platform

The NAGA platform provides a range of services in the trade and finance domain, and $NGC acts as a facilitator for these services. As the main cryptocurrency for social trading, NGC allows users to access copy trading on the NAGA platform with reduced fees, making it easier for users to benefit from successful traders' actions on-chain.

Invest in Global Financial Markets

$NGC enables users to trade 1,500 global financial assets, including popular stocks like Tesla and Facebook, without needing a bank account or fiat money.

Integration Into NAGA DeFi

NAGA DeFi is a decentralized blockchain-based social trading service that allows users to copy the actions of successful traders on-chain and profit together with them.

Use on NAGA Wallet

The NAGA Wallet is a unique multi-cryptocurrency gateway within the NAGA Ecosystem, allowing users to store, transfer, and send major cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, and NGC, as well as +1200 ERC-20 tokens.

Fuel For Blockchain-based Copy Trading

NGC acts as the main commission fuel for blockchain-based copy trading, allowing users to access this service with reduced fees.

Trade or HODL NGC

Trade NAGA Coin on BYDFi Spot Market or other supported platforms to profit from changing market conditions and volatility. You can buy or sell NGC or hold it long-term if you believe in the future potential of the NAGA platform. Remember to DYOR before entering any new trade in the crypto market.

NAGA DeFi is a decentralized blockchain-based social trading service that enables users to participate in copy trading of successful traders on-chain and profit from their trading strategies. It allows users to engage in a decentralized form of social trading, where copying and replicating the trades of other traders are executed on-chain through smart contracts. Heres how you can earn on NAGA DeFi:

On-chain Copy Trading

NAGA DeFi focuses on copy trading, where users can replicate the trading actions of experienced and successful crypto traders. This feature allows users to benefit from the trading expertise of others without the need for centralized intermediaries.

Copy trading with NAGA DeFi is fully decentralized and occurs on-chain via smart contracts. Users can select a specific wallet address of a successful trader they wish to copy and initiate the copying process through the execution of a smart contract.

Copy Bonuses

When a user copies the trading strategies of another successful trader, the copied trader receives copy bonuses. These incentives encourage successful traders to share their strategies and create a mutually beneficial environment for copiers and copied traders.

Portfolio Management

NAGA DeFi allows users to copy the trades and actions of others directly on-chain with the flexibility to choose the assets and amounts to be copied automatically. This feature enables users to manage their crypto portfolios more efficiently.

Yield Farming and DeFi

NAGA DeFi combines social trading with DeFi capabilities. Users can benefit from copy trading best-performing traders on the NAGA Trader investing application and participate in DeFi by directly copying users' blockchain trades.

To stake NGC (NAGA Coin) on NAGAX, the NAGA Group's trading platform, you can follow the steps provided below:

1. Visit the official NAGAX website, the trading platform associated with NAGA, a German-based FinTech company.

2. If you don't have a NAGAX account, you must create one by registering on the platform.

3. Once you have logged in to your NAGAX account, navigate to the staking section on the platform. This section should provide the necessary information and options to stake your NGC.

4. NAGA Coin (NGC) staking on NAGAX offers rewards distributed proportionally to your share of the total NGC staked. The reward rate may vary based on the total amount of NGC you stake.

5. You must stake your NGC for at least one day to be eligible for staking rewards. After this minimum staking period, you can unstake your NGC if needed.