Hi there,
The NAGA Group has launched SwipeStox and will soon launch Switex and The NAGA Academy, just to name a few.
Furthermore, NAGA Markets Ltd., which is a fully CySec licensed Broker, is owned by The NAGA Group as well.
You can find a detailed infographic in our three-pager which shows how the NAGA ecosystem is set up.

Hi
NAGA is holding various licenses in countries like Germany or Cyprus. Therefore we are being regulated by those rules.



We are not regulated, nor do we hold any licenses in the Isle of Man jurisdiction.
All information regarding licenses, regulations, and locations can be found in the whitepaper.

Sure, you're welcome 
At the current state, we are not planning on increasing the number of currencies or payment methods.
But if there will be any changes, we'll let you know on our website or via newsletter.

Platforms in terms of exchanges or what do you mean exactly?

Hi there,
SwipeStox is a social trading platform operating officially in Germany that belongs to The NAGA Group AG.
Since SwipeStox itself is not a broker, there is no brokerage license to be based on.
Other than that, there is NAGA Markets Ltd., which also belongs to the NAGA Group AG, which is a fully CySec licensed broker based in Cyprus.

Hi there everyone, thanks for all the questions! 
Please see answers below and let me know if anything needs further clarification.


Bounty Tokens will be 5%. Therefore there is a total of 20,000,000 Bounty tokens.



We aim to establish the world´s first crypto-gateway to trade stocks, CFDs, ETFs, any other sort of financial instruments and in-game items on a global scale in a secured and transparent way.
NAGA shall become the trading platform for any financial or virtual product of the future.



We are trying to target as many countries as possible. Obviously, we cant target every country due to specific regulations or rules in those countries.



Unfortunately not. Every Nationality, except United States, Singapore and 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.



Yes, the token distribution will begin when the main token sale is completed.



We accept Bitcoin, Ethereum, Litecoin, and Dash.
Other than that, you have the option to purchase NGC via FIAT ($/€) currencies also.
FIAT currency payment can be made via Major Credit Cards or Bank Transfer.



Given the fact that the financial service sector is still inaccessible (it still unnecessarily requires banks) for over 2 billion people and heavily complex, with non-transparent cost structures and that there is no central solution to these problems, NAGA’s mission is to open up the world of trading financial and virtual goods to everyone in a unified platform.
Therefore we do not have a main target group, but rather a bright mass of people who are either excluded from other financial instruments, want to invest, or will be using the NAGA ecosystem for trading stocks or virtual goods.
There is a variety of possible uses and potential auditorys for NGC.


The NGC is the base currency for all our platforms, already trading billions every month. With every new user the demand for NGC grows. As more and more users join, and will fund the NAGA Wallet in fiat or cryptocurrencies, NAGA has to keep buying NGC at the exchanges to satisfy this growing demand or the users will buy NGC directly at the exchanges - and growing demand means a growing NGC price! The supply for NGC is limited, and the demand - well there are 2 billion potential users out there.
Thank you, sir! 



We do offer a 30% bonus during the pre-sale phase.
Other than that, there is a referral system which can be used to obtain free NGC tokens.



We expect NAGA Coin to become universally accepted outside of NAGA`s ecosystem, as the community grows and new FinTechs are integrated.
Currently, I simply can't guarantee anything. But we really expect NGC to be listed on major exchanges as quick as possible.

Nobody knows the exact date Monaco will issue a press release.  The hope is they would announce they have been accepted as a VISA Program Manager.   This would mean they can issue their own cards with their own BIN (Bank Identification Number).  This is far superior to what TenX has done, which is to release debit cards using a third-party BIN and terms controlled by somebody else.  

I want to share some thoughts with you guys.  A couple of quotes / charts.

"Consider the potential:

There is currently $200 trillion in cash, money and precious metals used as currencies in the world. Meanwhile, there’s only $200 billion in cryptocurrencies. Cryptocurrencies are eventually replacing traditional currencies."

From:

http://www.zerohedge.com/news/2017-10-23/are-cryptocurrencies-inflationary

So currently Bitcoin is 1000 times smaller than all currencies.  But....that's only 10 double ups to where Bitcoin can replace all the money in the world.  So...how long is 10 double-ups gonna take?



http://www.zerohedge.com/news/2017-10-23/are-cryptocurrencies-inflationarywww.zerohedge.com/news/2017-10-23/gold-bitcoin-and-metcalfe’s-law

Not long.  And somebody is gonna have to interface Bitcoin with fiat currencies to make this transition.  This says HODL MCO to me.

If Monaco pivots on Wed to make the Chinese market their primary aim, here's a glimpse of what is behind the Chinese curtain....

http://www.bbc.co.uk/news/resources/idt-sh/Thoughts_Chairman_Xi

https://dailyreckoning.com/prepare-chinese-maxi-devaluation/

From Wikipedia:  

WeChat Pay payment services

In China, users who have provided bank account information may use the app to pay bills, order goods and services, transfer money to other users, and pay in stores if the stores have Wechat payment option. Vetted third parties, known as "official accounts", offer these services by developing lightweight "apps within the app".[38]

WeChat Pay is a digital wallet service incorporated into WeChat, which allows users to perform mobile payments and send money between contacts.[39] Every WeChat user has their own WeChat Payment account. Users can acquire a balance by linking their WeChat account to their debit card, or by receiving money from other users. Users who link their credit card can only make payments to vendors, it cannot be used to top up WeChat balance. WeChat Pay can be used for digital payments, as well as payments from participating vendors.[40] As of March 2016, WeChat Pay has over 300 million users worldwide. In April 2016, WeChat invested RMB 100 million in accelerating market expansion for WeChat Pay.[41]

In 2014 for Chinese New Year, WeChat introduced a feature for distributing virtual red envelopes, modelled after the Chinese tradition of exchanging packets of money among friends and family members during holidays. The feature allows users to send money to contacts and groups as gifts. When sent to groups, the money is distributed equally, or in random shares ("Lucky Money"). The feature was launched through a promotion during China Central Television's heavily watched New Year's Gala, where viewers were instructed to shake their phones during the broadcast for a chance to win sponsored cash prizes from red envelopes. The red envelope feature significantly increased the adoption of WeChat Pay. A month after its launch in 2014, WeChat Pay's user base expanded from 30 million to 100 million users, and 20 million red envelopes were distributed during the New Year holiday. By 2016, 3.2 billion red envelopes were sent over the New Year holiday period, and 409,000 were sent at midnight on Chinese New Year.[40] Jack Ma founder of WeChat's main competitor Alibaba, considered the red envelope feature to be a "Pearl Harbor moment", as it began to erode Alipay's historic dominance in the online payments industry in China, especially in peer-to-peer money transfer. The success prompted Alibaba to launch its own version of virtual red envelopes in its competing Laiwang service. Other competitors, Baidu Wallet and Sina Weibo, also launched similar features.[40]

In 2016, in order to offset banking charges, WeChat made a service charge if users transferred cash from their WeChat wallet to their debit cards. Each user had a 1,000 Yuan free withdrawal limit. Further withdrawals of more than 1,000 Yuan were charged a 0.1% fee with a minimum of 0.1 Yuan per withdrawal. Other payment functions including red envelopes and transfers were still free.[42]

WeChat Pay's main competitor in China and the market leader in online payments was Alibaba Group's Alipay which had 54% of the electronic payments market in China in the first three months of 2017 versus 40% for WeChat.[43] However Tencent claimed in 2017 that WeChat had 600 million active WeChat mobile payment users versus 450 million for Alibaba's Alipay.[27]

HOT OFF THE PRESS: Monaco CEO Kris Answers 20 Slack Questions:

1.   Why is there no need to change the dates on the roadmap, when Card Program Approval was scheduled for September?

We don’t have anything to add at this moment.

2.   Are you really 100% confident that cards start are shipping this October?

We will have first cards in the wild in October, admittedly in small quantity.

3.   What other parts of the world are targeted for cards shipment and when (e.g. Russia and Canada)?

We are working on a global rollout with multiple regions (and markets) being worked on in parallel. It’s too early to commit to dates for additional markets.

4.   I live in a country that is not covered by ASIA/EU/USA, but I have an address in one of these continents. Can I still order and use the card in my country?

Countries will be prioritised based on multiple factors, including local issuing capability, number of cards reserved, ability to use our existing processing relationships and capabilities, cryptocurrency regulation and others.

The more users from your country reserve the card, the higher the priority of your country for Monaco.

5.   Are all cards in the queue to be issued in order or is it region compliance dependent?

In order, but taking into account regional rollouts.

6.   What happened to the ICO buyers being guaranteed to skip the waiting list?

If you participated in the ICO and used the same e-mail address, you will be given priority.

7.   Would it not be wise to have a dollar equivalent amount of MCO to lock up for the cards as to not be effected by the rise/fall of the MCO price?

We don’t want users to think of this purchase as “cost”. As such, MCO denomination is more suitable.

8.   How do you respond to the concerns about Monaco selling tokens on August 31st at the peak https://etherscan.io/token/Monaco?a=0xf9a5e0436c01cc15708449e480fa5f2d6a5b55ca

Monaco did not sell a single token. If you see any movement of MCO tokens from our asset contract, there are payments for bounties.

9.   Can you clearly outline when it is/was that the developer/advisor tokens were/are about to be released? And will the market cap be changed to reflect this?

None of the tokens were released to any advisors as of 6 Sep 2017.

10.   There are many in the Crypto community that are now convinced that Monaco is either a scam or a project to stay well clear of. Whilst the Monaco community of long holders know this isn't the case, what actions are being put in place to win back the wider Crypto-community?

The list of 4 items raising profile of Monaco in near future
a) positive press coverage following our next dev update
b) users receiving their cards and posting reviews of Monaco card and app
c) announcements of new leadership team appointments
d) completion of our first institutional fundraising round (VCs)

11.   Many token holders have a desire for more communication, are there plans to improve the situation?

Yes. We are hiring aggressively and see a lot of value in communicating more frequently and in different formats.

12.   Is Monaco considering leaving slack after the next announcement due to the number of phishing scams?

Our preferred route is to educate users about the dangers of ph\ising scams and lobbying Slack team to implement solutions addressing this issue.

13.   How does Monaco handle internal exchange operations (fiat-to-fiat, fiat-to-crypto, crypto-to-fiat)?

This is proprietary technology and we’re not planning on sharing this information.

14.   How is the exchange rate calculated?

Our exchange rates are going to be very competitive, but exact algos are unlikely to be shared publicly.

15.   Will the Monaco card be a Credit or a Debit card?

Debit to start.

16.   What is the difference of Monaco Visa Program Manager and other competitors Visa, and why it is good?

Running on our own BIN as opposed to a shared BIN allows us to give users better pricing and allows us full control over rules of the program to build the product we want.

17.   Can you outline the general VISA Program Manager application process?

The one sentence version: sign BIN sponsorship agreement, pass due diligence, submit PIF. get PIF approved, receive BIN #s, setup up the processing platform, get card art approved, manufacture cards, pass UAT, go live.

There are hundreds of smaller steps involving multiple parties.

18.   Do you need an own BIN for becoming VISA Program Manager?

Theoretically, no. See answers to question 16.  

19.   Are there any new hires you can tell us about?

Expect news on this in October.

20.   What can you tell us about the upcoming dev update 2?

Focus will be on new features & business model.

MCO price is down by 20% in the past 24 hours but that's not the story to focus on.  Liquidity has gone down by over 10X.  I bought over 50K MCO in roughly a 75 cent spread from $8.50 to $9.25 or so two days ago.  Right now   buying out the same 75 cent spread from $8.00 to $8.75 at Bittrex will only get you 5K MCO.  The price may be dropping but there's a hell of a lot more hodling going on.

Message from Kris on Slack:



The Visa register he talks about is this one, which is due to have its monthly update at any time:

http://www.visa.com/splisting/searchGrsp.do

So I think you have answered "no" to my original question.  Apparently Change Bank users can get access to your services without paying the 100-euro fee to become an Estonia e-Resident.   The 22,000 e-Residents have Change Bank setup that is seemless, fast and costly.

Sounds to me like "easy access to Change Bank" is being used to help justify 100 Euro payments made by prior e-Resident signups, and Estonian e-Residence offers no real advantages worth a 100-euro fee to new Change Bank signups.

I understand that e-Residency personnel are on your side and are promoting your project.  But the article says, "In order for the marketplace to be regulatorily compliant, Change is building a multi-tiered standardized KYC (Know-Your-Customer) utility."  This sentence implies that just being an "e-Resident" isn't enough for Change Bank KYC, that there will be other "tiers" of ID created by Change Bank outside of the e-Resident program.  

So...will registering in Estonia's e-Resident program with its 100-Euro fee be required to obtain access to Change Bank services?   Yes or No?

If the answer is no, then what is the point or advantage of having e-Residency here?