The NAGA Group AG, German FinTech company, has recently announced that its board of advisors was joined by Bitcoin dot com CEO Roger Ver and his colleague Mate Tokay, Bitcoin dot com COO, according to the official press release. With the help of two key influencers within the cryptocurrency community, the company expects to create a powerful solution for barrier-free investing into stocks or virtual goods with its NAGA Coin, the token sale of which starts on November 20.
Roger Ver is a pioneer for Bitcoin adoption around the world. He is considered to be the first Bitcoin angel investor, having funded the seed rounds for most of the entire first generation of Bitcoin-related businesses, including the Bitcoin Foundation, Bitpay, Blockchain.info, Ripple and Kraken. Ver’s philosophy and ideology of libertarianism and voluntaryism are pretty close to the NAGA’s ideas.
Ver holds on to the point of view that every individual has a right to freedom of choice, voluntary association and self-governance. The main idea of the NAGA Group is to build an ecosystem, within which up to 2 billion underbanked users will be able to take part in financial and crypto markets, so that everyone will have an opportunity to get into trading and investing as a step up to their potential independent individual lifestyle.
Mate Tokay is without question one of Bitcoin’s most active and vocal proponents. Having started as a Bitcoin miner in 2013, he continues to keep up with all the top of trends in the cryptocurrency industry and has already been involved in several successful blockchain-related projects. His goal and passion is to make cryptocurrencies as popular as possible.
As Tokay has commented his joining of the NAGA’s board of advisors:
“I am thrilled to join the NAGA Token Sale as an advisor; they already have a working product that will allow millions of unbanked people to trade on the crypto markets and with that giving them the opportunity to reach financial freedom.”
Founders and Executive Directors of the NAGA Group AG, Benjamin Bilski and Yasin Sebastian Qureshi has expressed their keen pleasure with this latest development too:
“We are proud that Roger and Mate joined our Token sale. Both have an impressive track record in the industry and they have left an already significant footprint in the crypto-community. Roger and Mate´s engagement also substantiate our ambition to create a powerful solution for barrier-free investing into stocks or virtual goods with our NAGA Coin. Having one of the most renowned people from the community, combined with our fast growing business powered by our exchange-listed company, makes us confident to set the path for a fundamental token growth.”
The NAGA Grpoup is an already publicly traded fintech company founded in October 2015 in Hamburg, Germany. It is a listed German entity with millions of EUR in yearly revenues, billions of EUR in trading volume, and several hundred thousand transactions per month.
With the upcoming token sale, the Naga Development Association Ltd. has partnered with the Naga Group to introduce The NAGA Coin (NGC), a decentralized unit of account created to unite all the platforms within the NAGA ecosystem through its own wallet service called The Naga Wallet.
Due to the fact, that Roger Ver supports Bitcoin Cash, the NAGA Group made a decision to add BCH to their accepted currencies on their Token Sale in order to reduce the barriers for their potential investors and future customers who would like to become a part of the ecosystem.
Benjamin Bilski, the founder of the NAGA Group, explained:
“We consider BCH to represent the future of cryptocurrencies, because of its small transaction cost and other benefits. Thus, we believe that it will reduce the barriers for our potential investors and future customers to become a part of our ecosystem.”
The upcoming token sale will be held in two stages – the stage of pre-sale and the stage of main-sale. Tokens will be sold at the rate 1 NGC/$1.00. Investors can purchase tokens using BTC, BCH, ETH, LTC, and DASH. For those wishing to use FIAT currency, EUR and USD are also accepted. The total amount of tokens for both stages of token sale is 300 million NGC.
The pre-sale officially starts on November 20 and will last until November 27. During the pre-sale, 20 million NGC tokens will be available with 30% sale bonus. The main-sale will begin on December 1 and last until December 15. The maximum cap in tokens for the stage of main-sale is 200 million NGC.