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101  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 28, 2017, 05:08:59 PM
What are the advantages shared by those who took part in the ICO and those who will gain access to the platform at the time of its official release? I have nothing against such a situation; I'm just trying to determine the size of my investment.


Users of NGC on our platforms will receive a large number of benefits within the NAGA ecosystem. Speaking of free or discounted education, benefits in trading financial instruments or virtual goods and much more. For more information, please check the  "benefits of NGC Usage" section in our Whitepaper, everything is detailed there, so I would say that a very big percentage of users will shift to NGC most probably very quickly. Whitepaper (page 39): https://docsend.com/view/srsg4zw
102  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 28, 2017, 05:07:18 PM
Hello sir, i just saw that there is 5% of tokens allocated for bounty.
So do you have a bounty campaign? where can i see it?

Hi there, you can check our referral program here: http://help.nagaico.com/participate/the-ngc-refer-a-friend-program
103  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 25, 2017, 08:17:14 PM
#NAGA_news

We are so happy that the NAGA community is wide and active! More than $9.7 million already gathered. We're sure we can make it with YOU! ❤️
104  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 25, 2017, 01:08:32 PM
#NAGA_article

The NAGA Group announces integration of Bancor protocol! The strategic partnership between The NAGA Group and Bancor will allow NAGA to integrate its NGC into the Bancor ecosystem and provide continuous liquidity for the tokens.

Read more:
https://cointelegraph.com/press-releases/the-naga-group-announces-integration-of-bancor-protocol
105  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 23, 2017, 07:04:30 PM
So u guys want to raise $220 USD?? Seriously, how do you justify the price of $1 USD per Token? I don't think you can charge that price only because you have some potential customers Sorry but that's way to expensive - looks like collecting money and that's it to be honest.

Also I don't see the need to offer gaming content (in-game items), rather focus on one thing instead of a huge variety.

Thank you for your opinion! We have experienced quite a dire need for an independent platform which consolidates the current black-markets for virtual goods into one legal and open market. According to several market analysis the virtual goods market was worth over $50 billion in 2016, other estimates conclude at least a high double digit number. We think that virtual goods as seen and used in games are assets of value, in which the gamers invest, spend their time for and put their trust in those. Switex fully focuses on virtual goods and thus want to establish easy to use market comparable to a hybrid of eBay & Amazon for virtual goods.

Ok, so if you focus on that that's one point, and I agree with some statements. But why do u need 220 million USD for that project? 

We are creating a token-economy, one single interface that allows users to trade cryptocurrencies, virtual goods and the financial markets. Unlike other ITSs, the funds raised by NAGA will be used to scale an already well-established business model aiming to achieve a unique position in the market. Just a fraction will go towards operational and platform expenses and development. The major part of the funds will go to direct revenue generating activities. Unfortunately, Business Actions are always very costly. And that’s why we see a sense behind raising funds for development, scale and platform growth. We set the hard cap at the same level as our market cap on the stock exchange. We don´t need to raise a certain amount to make our products run, we are already live and our development is funded by the capital markets and investors like the multi-billion-dollar Chinese Fosun Group. We use the capital raised in the token sale predominantly to scale up the token economy. To make sure the number of users and hence the demand of tokens as well as the token price grows. So the Hard cap is based on the market cap, we have big projects, we started to put them in place and we want to be consistent with that, and not only compare our Hard cap with other ICOs or "ideas" that do not have any product or a functioning business model.
106  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 23, 2017, 05:43:25 PM
⚡️A Message from the NAGA Executive Team to the Community⚡️

https://medium.com/@thenagaico/lets-talk-about-hardcap-the-naga-management-team-5db4dba58b81
107  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 23, 2017, 04:57:13 PM
So u guys want to raise $220 USD?? Seriously, how do you justify the price of $1 USD per Token? I don't think you can charge that price only because you have some potential customers Sorry but that's way to expensive - looks like collecting money and that's it to be honest.

Also I don't see the need to offer gaming content (in-game items), rather focus on one thing instead of a huge variety.

Thank you for your opinion! We have experienced quite a dire need for an independent platform which consolidates the current black-markets for virtual goods into one legal and open market. According to several market analysis the virtual goods market was worth over $50 billion in 2016, other estimates conclude at least a high double digit number. We think that virtual goods as seen and used in games are assets of value, in which the gamers invest, spend their time for and put their trust in those. Switex fully focuses on virtual goods and thus want to establish easy to use market comparable to a hybrid of eBay & Amazon for virtual goods.
108  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 23, 2017, 02:07:23 PM
I like your project and the way you provide feedback.

Sorry if I ask it again, but do you have any comparison table to other gaming projects like Enjin and esports?

Sure, you can find a detailed comparaison table on www.nagaico.com under the "ressources" section or here: https://docsend.com/view/bygmyjq (second page of the doc)
109  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 23, 2017, 06:10:43 AM
A very different view on ICOs:
Inspired by the intense work we’ve been doing with our advisor Miko Matsumara, we would like to shed some light on the actual value of a token / crypto-currency, as well as the ICO space in general.
The ICO itself is by far not the core challenge for most companies.
The value of any token depends on the micro and macro token economy within which the token is used.
Prior to this, an ICO´ing company faces the following challenges:

a)    product development
b)    b) user adoption
c)    c) the ability to attract users to buy tokens - not only once but on an ongoing basis.

And here comes the difficult part: it is a misconception that the ICO stops after the “Initial” part. The offering is rather just the start of an ongoing exercise by the company to attract funds to buy tokens to fuel their token economy.

And here is the problem: because most ICO´d companies invest the majority of their raised funds into the tech development there is only a little amount left for business execution (and user adoption), and, in most cases, hardly any money left to invest into marketing the growth and attractiveness of their token economy.
Any ICO´d company needs to constantly fuel the demand for their tokens – not only during their ICO. The company should ideally have proof of concept on the ability to attract users and generate revenues with their product. This, however, requires the tech development and business execution to work.
if you are running a country you need to make it attractive for tourists and investors to constantly visit and use your currency (your token is a kind of currency -think of “Winter Wonderland” in Hyde Park, London, they have to constantly invest to make and keep it attractive otherwise people will stop buying “tokens” for their GBP).
If you build the infrastructure (tech dev, ICO) and then don’t tell anyone about it, the chances are that your economy is very unlikely to flourish. And it is only if your (token-) economy flourishes that the value of your token will grow.
Any ICO´d company should hence have a marketing centred strategy to grow the value of their token. A perfect example of a great performance in “making one’s ecosystem attractive” is UBER… with billions spent in marketing to ensure user growth, market penetration and share, branding etc.
A token economy (and hence the token value) depend even more on sustainable and strong marketing.
110  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 23, 2017, 04:59:22 AM
Unfortunately the regulations and laws in some countries or territories are not allowing us to accept citizens from this. 
Accepted countries:
Every Nationality, except United States, Singapore, Socialist Republic of Vietnam, People’s Republic of China or resident of a country where American embargoes and sanctions are in force, namely Iran, North Korea, Syria, Sudan, or Cuba. More information in our Terms of Token Sale.
If they do register they do it on their own risk
111  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 23, 2017, 02:30:02 AM
Hey, it should work again.
112  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 22, 2017, 07:06:27 PM
#NAGA_article

"ICOs have raised over $2.3 billion this year alone. However, most investors hesitate to explore the potentials of this new industry" - but we know NAGA defies that.

Read how NAGA is on a whole new level in this article from CCN.
https://www.cryptocoinsnews.com/naga-group-announces-new-standards-icos/
113  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 22, 2017, 04:57:36 PM
Will Switex users be able to exchange virtual goods from different games without additional costs?


Yes! Virtual goods will be interchangeable between games and game platforms without any further costs, but the usual sale fees on the market.
114  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 22, 2017, 04:56:32 PM
Hello. Will developers of computer games be able to sell their virtual goods via your platform?
As far as I understand, Switex is ready to cooperate with developers of computer games so they will have an opportunity to sell their goods via this platform
What commission will the platform charge from each sale?

On the Switex Market the fees are transparent to the Switex users and thus are planned - as of now - to be 10% (5% belong to game publisher/developer and the other 5% to Switex). If the market requires it, we are open to adjust the fees to the advantage of the switex users. Moreover, in a future stage of Switex there will be a subscription based model for very active users, so those will pay half of the future market fees but a monthly small fix amount.
115  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 22, 2017, 04:55:32 PM
Hello. Will developers of computer games be able to sell their virtual goods via your platform?

Yes! Switex will be an open and independent platform. We strive to develop an open API where practically all game publishers/developers can onboard themselves - with the premise that the game publisher/developer is eligible.  Wink
116  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 22, 2017, 04:26:15 PM
Will vendors set the price of game items themselves or will NAGA experts evaluate market price of such items?

On Switex we will have a dedicated Store, on which Gamer Developers/Publishers will have the possibility to directly offer their items to Switex users. Furthermore, Switex users can sell/buy their items on the Switex Market, where only players can create offers and purchase them. Creating an offer requires to set up a price by the item owner. In a later stage of Switex, we plan to implement price determination by an automatic order system.
117  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 22, 2017, 04:06:49 PM
Hi there! Any bounty for your program? Please link.

Hey there, we do have referral program. You are able to invite your friends and benefit.
They will be linked to your account, and you will receive 5% of their investment for free! Credited automatically into your wallet.
You can simply sing up on the website (https://www.nagaico.com/) and once connected, click "earn tokens" and get your personal referral code.
118  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 22, 2017, 03:46:24 AM
Hey, please do not focus too much on hard cap. We have a running product, team and want to fuel most importantly the Token Economy. It is essential that the community holds 55% - We will do - no matter what end result - all in interest of the community
119  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 21, 2017, 07:43:21 PM
#naga_info

WE HAVE SOME GREAT NEWS FOR YOU!  🌶🚀

After less than 48 hours we have sold almost 50% of the NAGA Coin Pre-Sale volume to more than 5,000 contributors.
Moreover, we are in the process of getting NGC listed on crypto exchanges as soon as possible.
Take your chance and be part of the NAGA Token Sale community with a 30% bonus today
120  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] The NAGA ICO - SMART CRYPTOCURRENCY FOR STOCK TRADING & GAMING. on: November 21, 2017, 07:02:44 PM
Good afternoon. Under what circumstances can the value of NGC tokens drop to 0 and what is the probability of occurrence of such events?


Good question. Any response from the team on this?

As per the explanation of the value of a token depending on the value/existence of the token economy the business of NAGA incl. the projects would need to fail. Please refer to the risk section in the whitepaper. It is hard to determine the probability. Zero would basically mean a complete failure of NAGA/insolvency.
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