Nagaya - World's First Hybrid Cryptocurrency

[dannyngy]

NAGAYA (NGY)

What's a Hybrid Cryptocurrency?

Hybrid Cryptocurrency is a combination of Stablecoin and Utility Coins. Over here, the Coin is partially backed by an Asset to sustain its value, while allowing room for Growth.

More information at www.nagaya.co
https://www.youtube.com/watch?v=LXboLzR6590


Nagaya (NGY) is the World's First Hybrid Cryptocurrency, in which 50% of Initial Fund is used to purchase Pure 999,9 Gold. The remaining will be used to run subsidiary Projects that can:

1. Increase the Gold Amount in the future
2. Provide Profit Sharing in the form of Cash (US Dollar).

Nagaya Technologies is a company officially registered in Singapore under the name Nagaya Technologies Pte Ltd.

Currently, ONE Nagaya (NGY) is still at $1.1 and is expected to go up further in the long run.

Some features:

Symbol : NGY
Timestamping : PROOF-OF-WORK (POW)
Hash Function : Scrypt
Block Time : 150 Seconds
Total Supply : 50 Million

More information at www.nagaya.co
https://www.youtube.com/watch?v=LXboLzR6590

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[labe1971]

50 million coins totally premined.

Reward for POW is 0 coins.


it is useless to say that it is POW when the reward of the POW is 0. what is the meaning of this announcement?

[dannyngy]

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.

[Mistafreeze]

NAGAYA (NGY)

What's a Hybrid Cryptocurrency?

Hybrid Cryptocurrency is a combination of Stablecoin and Utility Coins. Over here, the Coin is partially backed by an Asset to sustain its value, while allowing room for Growth.

More information at www.nagaya.co
https://www.youtube.com/watch?v=LXboLzR6590


Nagaya (NGY) is the World's First Hybrid Cryptocurrency, in which 50% of Initial Fund is used to purchase Pure 999,9 Gold. The remaining will be used to run subsidiary Projects that can:

1. Increase the Gold Amount in the future
2. Provide Profit Sharing in the form of Cash (US Dollar).

Nagaya Technologies is a company officially registered in Singapore under the name Nagaya Technologies Pte Ltd.

Currently, ONE Nagaya (NGY) is still at $1.1 and is expected to go up further in the long run.

Some features:

Symbol : NGY
Timestamping : PROOF-OF-WORK (POW)
Hash Function : Scrypt
Block Time : 150 Seconds
Total Supply : 50 Million

More information at www.nagaya.co
https://www.youtube.com/watch?v=LXboLzR6590

Gold price itself are not stable, if you pegged your currency against gold, how will price be determined?
Also how will you hold so much amount of gold for reserve?

[dannyngy]

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