NAGA stated clearly that the token would be used to finance and trade on their entire ecosystem, including:
NAGA Trader
NAGA Wallet
NAGA Virtual
NAGA Markets
NAGA Academy
To date, half of these products haven’t been realised. As previously stated, the token has dropped -98.6% in value, thus making it almost worthless, and these platforms irrelevant if they were built. The only item on the list that NAGA AG seem interested in develping, is the ‘profitable’ NAGA Trader tool. This of course, is profitable to the company first and foremost.
The owners of NAGA went on record in 2018 as promising that they are “building value soon”, but there have been no subsequent updates. Quite simply, there are no strategies in place to use this “ecosystem” to raise the value of NGC.
https://ico-class-action.org/class-actions/naga