The NAGA Coin was developed in partnership with NAGA — a publicly listed company operating a trading platform and social network.
From day one, NGC was intended to be the utility coin for traders. However, in the course of its development, the business and the adoption have not worked out as expected, leading to a complete company restructuring at the company level. Given the exclusive use case development, NGC remained idle.
NAGA has successfully performed a turnaround in the company and launched the German FinTech in 2015. In 2017 NAGA was listed on the German Stock Exchange, and in 2020, it became the best-performing stock in Germany (N4G +600%, from €0.50 to €9 on the peak). Today, the platform offers its users the ability to automatically copy the trading strategies of other investors with the NAGA Autocopy feature. They can enjoy an easy-to-use interface, 0% fees on crypto trading, mobile applications for iOS and Android, as well as professional support from a personal account manager. The company crossed 1m accounts and is on an impressive growth track.
Having turned around the business and developed a clear growth strategy, the company is now back to the NAGA Coin project. It now has a brand-new use case and integration with one of the biggest social trading networks with a fast-growing environment and community.