Hello. How many additional tokens did the participants of the pre-sale receive?
Hi there, we have offered a bonus of 30% during the pre-sale  |
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Good afternoon. You act absolutely legally and transparently. So why did you decide to issue tokens rather than venture capital investments?
Because we want to create a currency for the NAGA Ecosystem, which can be used by each and everyone. Everyone can participate and take part in the growth of NAGA. One allowing VCs would be like the opposite of what we want to reach  |
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Good afternoon! When will NGC be available for trading on the exchange?
NGC will be listed on HitBTC on the 22nd December 2017 (12:00 PM CET). |
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Hello. What will happen to the tokens put on the ICO but left unsold?
As far as I know, all of them will be burnt. My impression too. But what will happen with all the coins of the team & such (the other 50% of the total supply)? For example: of the 220M ICO coins, 30M will be sold. Remaining 190M to be burned. The team has 17,5% of total supply. Will they burn their coins equally or keep all 70M? Same question for advisory & legal (12,5% seems excessive, well done Mr Ver) and other recepients of the 50% I'm considering investing, but would like to have these questions answered first. Thanks in advance Hi, good question. Of course we will also burn the team tokens equally. There will be a guaranteed free-float of 55%. So let's say we close the sale now at 25m sold NGC - there would be a total amount created of approx 45m NGC. It would be extremely greedy if we would not burn our coins equally I have bought in to the ICO. However with the numbers you quoted does that mean that you will still own nearly 45% of the tokens? That seems a lot of tokens to held by the owners. Those 45% are not entirely hold by the owners. The team is receiving a total of 17.5%. All other of those tokens are allocated for legal, advisory, MA options, buyback and so on. |
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Good afternoon. Do I get a discount on the purchases on Switex or only on transaction commissions? Of course, I mean paying with NGC for everything.
Hi, when paying with NGC, you will get a discount on the transaction commissions. But there are further things planned which will be released as Switex is live. |
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In my opinion, it’s necessary to prohibit advertising of any trading platforms on Switex in order to prevent generation of artificial competition. What is your position on this issue?
All Ads are being reviewed first. It would make no sense to accept advertises of our competitors. Neither would we accept Adverts which might harm our audience. So we would most definitely not allow Gambling Adverts on Switex, where the majority of the audience can be much younger than for example within SwipeStox. |
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Hello. What will happen to the tokens put on the ICO but left unsold?
As far as I know, all of them will be burnt. My impression too. But what will happen with all the coins of the team & such (the other 50% of the total supply)? For example: of the 220M ICO coins, 30M will be sold. Remaining 190M to be burned. The team has 17,5% of total supply. Will they burn their coins equally or keep all 70M? Same question for advisory & legal (12,5% seems excessive, well done Mr Ver) and other recepients of the 50% I'm considering investing, but would like to have these questions answered first. Thanks in advance Hi, good question. Of course we will also burn the team tokens equally. There will be a guaranteed free-float of 55%. So let's say we close the sale now at 25m sold NGC - there would be a total amount created of approx 45m NGC. It would be extremely greedy if we would not burn our coins equally |
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Hello. Can anyone explain to me the difference between the Loyalty Fund and the Donation Fund? Both of them are involved in the accrual of awards, right?
The loyalty fund will distribute a small amount of every transaction between all NGC holders in respect to their NGC holdings. The Donation fund will be donating to a community-voted charity and the pool for it will be filled by transactions. |
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Hello. What will happen to the tokens put on the ICO but left unsold?
All unsold tokens will be burned in order to guarantee the free-float of 55%. |
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Hello. Will I be able to purchase ads on your service or its subsidiary products? I think it would bring a quite good profit.
Yes, we will allow to book ads within SwipeStox and Switex. Visiting ad.switex.com and ad.swipestox.com respectively, SwipeStox and Switex will accept NGC as payment method for its Ad Credits. Users are able to target their traffic based on various attributes, such as country, platform, age, income level, and placement inside the app. |
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Good afternoon. Will bonuses be charged only in the tokens of your platform, or are other crypto currencies also available?
Apart from NAGA, we will allow funding with most major cryptocurrencies like Bitcoin, Litecoin and Ethereum. |
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Hello. Will a wallet containing bonuses be created automatically, or will I have to create it myself manually?
The bonus will be paid directly to your SwipeStox account, for example. And then you can send it back to your wallet if you like to. But there is no wallet automatically created. |
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Good afternoon. If I buy tokens in the secondary market and use them to pay for training in the academy, will I still get premium conditions?
Yes, you will still get premium conditions within the NAGA Ecosystem. We don't differentiate between token sale buyers and exchange buyers. |
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Good afternoon. How many days are there until the end of the sale?
Main sale will end 15th Dec 23:59 CET. So around 4days and 9hours are left. |
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Will the size of the cashback for all the sub-products be identical, or will the largest one be on the exchange?
The cashback system will be unique and different in all of the sub-products. Even though there might be just small differences. |
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Hello. I encountered the “Users Live Account” term in your WP. What is it and what is it intended for?
When using SwipeStox, there are different stages of your account. When you first register, your account is still in the "Demo User" stage. As soon as you have uploaded verification details and they were accepted - your account is in the stage of an "Live User". |
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Let’s suppose I copy the investment of a successful trader. Will he benefit from this, or will all income got from commissions remain within the platform?
Yes, he will benefit from this. We are paying a small bonus for every copied trade to the person who initiated the trade. |
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any bounty campaign for this project?
No, there is no bounty campaign. But there is a referral program. You will earn 5% of the invest of your friend when you have referred him. You can check out more when logging into the memberarea at www.nagaico.com and click on Earn Tokens |
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Only money you received from transactions will be used in NAGA Donation Fund? What about funds from associated platforms?
The NAGA donation fund is not directly related to associated platforms. But it will be used from the allocated pool which is being filled up by transactions. |
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People who bought NAGA tokens I'm going to be eligible for some special terms within associated platforms? I'm interested in get access to premium products.
Yes, NGC holders will have access to free and discounted education, premium content within SwipeStox and much more. This will be further disclosed as the products are fully integrated. |
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