Just got an email from the NAGA team. Nice Read and good they mention the long term potential. have a look:
After getting your extremely valuable feedback on the NAGA Token Sale, we felt it a good idea to address some of the key issues that you have raised there.
The key concern amongst the community seems to be whether or not NGC has any potential in the long-term. This is a great question to raise, but it is one that we can answer without a second of doubt.
The NGC is going to become the main unit of account across NAGA’s already incredibly successful social trading platform, SwipeStox, and it will also serve the same purpose on the world’s first independent virtual good market, Switex.
- SwipeStox leads the way when it comes to trading cryptocurrencies. Soon fully virtual money-accounts will be used to fund and trade the markets via the complete safety of the blockchain based NAGA Wallet.
- SwipeStox already has over 50,000 active traders and 3 billion USD in trading volume per month. 2018 will see a big push to bring in thousands of new traders to the SwipeStox community.
- Switex will open up the NGC token economy to a whole new world of users. Switex will bridge the multi-billion dollar gaming industry and financial markets like never before.
With NGC in use as the base currency across all NAGA platforms, with every new user the demand for NGC grows. As more and more users join and fund the NAGA Wallet in fiat or cryptocurrencies, NAGA will buy back NGC at the crypto exchanges to satisfy the growing size and demand of the NAGA ecosystem.
Users will also buy NGC directly at the exchanges - and growing demand there means a growing NGC price! The supply for NGC is limited, and the demand - well, there are 2+ billion potential users and hence 2+ billion potential NGC buyers out there.
As you can clearly see, the potential for the future growth of NGC is immense. As the NAGA ecosystem grows, so too will the demand and price of NGC.
2017 has been a huge year for NAGA and SwipeStox and 2018 promises to be even better. The future is bright, the future is NAGA, and the NGC will be at the very heart of our continued expansion.
~peace
