NagaCoin (NGC) is an ERC-20 compliant utility token developed on Ethereum blockchain to be used on NAGA platforms i.e. NAGA Academy (education), NAGA Virtual (SWITEX-gaming), NAGA markets (SwipeStox-investing, stock exchanging), and NAGA Trader (virtual goods, cryptocurrencies). NagaCoin can be used for any financial transactions including gaming and other capital markets. NAGA Virtual is aimed to provide a decentralized and an efficient platform for exchanging virtual goods, services orShow more [+] incentives in the digital gaming world using the blockchain technology. NAGA ecosystem also offers a multi-asset NAGA wallet which serves as a secure wallet for depositing and exchanging the major cryptocurrencies and fiat money. The NAGA wallet also provides a solution to trade virtual goods or invest in the stocks market. NAGA debit cards can be connected to NAGA wallet. NagaCoin holders are incentivized in the NAGA ecosystem such as a 50% of trading commissions is waived off for each trade made on SwipeStox. Similarly, the users holding NagaCoin will be charged 9% fee for each purchase on Switex platform compared to the standard 10% fee. The other benefits include 5% cashback program at Switex, discounted purchase of Ad credits, access to paid and premium content etc.
NagaCoin was founded by Yasin Sebastian Qureshi and Benjamin Bilski. There are 10 other members in the management team. There are 35 members in the tech team, 15 members in the operations team and 6 members in the support team.