Thank you for the response!

Gold are relatively more stable as compared to other assets around, that's why it's used as a hedging instrument for a lot of Assets.

How will the price be determined? Simple. 50% of initial Fund used to purchase Nagaya (NGY) is used to purchase Gold, to secure it's value. This is Nagaya (NGY) Risk Management Strategy, to protect it's value.

Remaining fund will be used to run projects, which will in the future, increase the Gold Reserve backing Each Nagaya (NGY). Which means, Nagaya (NGY) as a Digital Asset have intrinsic value that keeps increasing with time + Proper risk management strategy to protect it from dropping to zero.

Thus, Nagaya (NGY) market value is going to be more stable, with a tendency to increase with time.

Nagaya (NGY) Gold Supply is kept at a Secure Gold Deposit called The Safehouse Singapore (visit www.thesafehouse.sg), an independent ISO 9001 certified vault facility in Singapore. It is regulated by the Singapore Government, and can hold upto 630 Tonnes of Precious Metals.

All transparency, Legality and information about Nagaya(NGY) can be viewed at our website, www.nagaya.co / www.nagaya.io

Thank you for the Response!

yes, 50 Million Coins has been premined, because Each Nagaya (NGY) is backed by pure Gold. For each Nagaya mined, there has to be a subsequent amount of Gold to back it up.

Miners can still receive transaction fee by Mining Nagaya (NGY). That serves the function of POW.