Thank You!

NAGA has successfully sold over 18,500,000 NGC to more than 15,000 backers, raising over $15,000,000 in the pre-sale.

Exact figures will be published once all pending transactions have been confirmed. Thank you for your support — The Pre-Sale marks a huge success for us!

Furthermore, we would like to address some of the questions that we’ve received from the community:

The NAGA Group is conducting an ICO after conducting an IPO. This is quite novel and so it’s not unexpected that this ICO would raise many eyebrows and also many questions.

Why ICO After IPO?

The NAGA Group has already executed a 12.5M Euro Venture Capital round with the multi-billion dollar Chinese FOSUN Group and a successful Initial Public Offering (IPO) of its stock in which the price soared by 600%. The IPO was oversubscribed by 300%+ before any “crypto-announcement” took place. So having raised significant capital in an IPO, why launch an ICO?

The NAGA Group is Bridging Old and New Economies

The company is already capitalized to expand its product portfolio and user base — we are launching our ICO to realize our mission to build a bridge between the crypto economy and the “conventional” economy. We already have a product portfolio from the old economy — that allows our users to trade public equities. We want to further develop our products to build a bridge to the crypto and virtual economies.

In conducting an ICO we seek to

• Bridge the new economy (cryptocurrencies) to the old (public equities)
• Develop a crypto and virtual goods product line to bridge to our existing stock trading products
• Unify these worlds with one token
• Grow the cryptocurrency space by many millions of new wallets
• Legitimize ICOs by launching one from a publicly listed company
• Pioneer new governance models by bridging public equities to tokens
• Create novel crypto-compatible corporate structures
• Lead the industry by example

In the ICO world, the unfamiliar is often met with some suspicion, and rightly so. The importance of this ICO is the extent to which the public markets have already performed diligence far beyond what is typical for any ICO during the preparation for the NAGA Group IPO. Because of this, ICO participants know they are participating in a well-structured, well-governed and high-quality token ecosystem.

It’s fundamental for the company to stand at the crossroads between the old and the new economy, and as such we seek to venture into the world of cryptocurrency, but to retain the best qualities of an existing publicly traded company, including real, proven products, revenue, solid executives, and the kind of scrutiny and oversight that comes from being publicly listed.

Why Do We Need a Bridge?

Every 27 years (average lifespan) a fiat currency fails, and the reigning system has to be retooled. We’ve recently seen the devaluation of the Zimbabwean dollar, and many global currencies continue to fail. The most enduring fiat currency ever is the British Pound (GBP) which has lasted for about 300 years — however it has lost 99.5% of its original value since inception. The US Dollar is considered a leading currency, however, every US citizen is born with $157,000USD of debt and the country has been forced to bail out banks that are too big to fail through programs like the toxic assets relief program and quantitative easing.

We assert that the expansion of cryptocurrency is in part driven by people’s desire to be free of the problems created by the lobbying and collusion of governments and large banks. As open source money, cryptocurrencies offer a new form of competition in the form of global currencies that compete on the basis of rewarding and incentivising participants.

Bridging the old and the new economies will further the ability of anyone to balance between these worlds and to choose freely for themselves how to distribute their assets among these realms.

The Power of a Hybrid:

The Toyota Prius in large part popularized and proved the idea that the age of electric cars and gasoline cars could be “bridged” within a single company and product line. Similarly, NAGA seeks to create a hybrid crypto-economy in the intervening transition period.

The Prius has a gas engine in addition to its electric battery. A typical ICO only has the power of the proceeds it has raised to power its economy. Powering an economy means incentivizing and acquiring users, developing ecosystem partners, managing the token economy through buying back tokens and other means. The NAGA Group already has a powerful “fiat reserve” in the form of significant cash reserves from Venture Capital and IPO financing rounds. In addition, the Group has a significant equity value. These two reserves (namely the fiat cash reserve and the equity reserve) can be seen as a “gas tank” that can power the “vehicle” of the NAGA crypto economy.

In addition to this “gas tank”, however, the NAGA Group will also have an “electric battery” in the form of its 15,000+ backers who have already supplied ICO proceeds during the presale and even more backers who will come in during the main sale. These proceeds will arrive in the form of a “bitcoin” token reserve (in the form of highly liquid crypto assets such as Bitcoin, Bitcoin Cash and Ether). By combining a fiat cash reserve, equity reserve, a “bitcoin” token reserve, and the NAGA Coin reserve, the ability to back the token and create beneficial outcomes for token holders is multiplied.

Use of raised funds:

Proceeds of the ICO will solely be used for the development of the NGC and its ecosystem. They can not be consolidated for the sole benefit of the listed NAGA Group AG.

The use-case to fund trading accounts to trade financial markets by depositing crypto-currencies has been established with this ICO.

The NAGA wallet: Token holders can certainly use the NAGA wallet to hold NGC but NAGA does not intend to impose its own wallet on token holders. Token holders can therefore use whatever wallet they choose.

Additional Information:

We provide additional information below to provide more transparency to a robust and well-designed but rather novel corporate structure designed to hybridize the crypto and traditional economy. We realize that this form is novel and will raise additional questions, please feel free to use the following contact resources for additional questions you may have. Below the contact section, we provide the answers to additional frequently asked questions (FAQ).

CONTACT US THROUGH THESE CHANNELS

Financial Performance:

NAGA AG’s financial performance: a detailed report can be found in the Edison research [see www.NAGAico.com — resources]. In Q1/Q2 2017, NAGA has generated Euro 4m+ in revenues only one year after the launch of NAGA’s first app with trading volumes > USD4 billion per month.

The Chinese FOSUN Group has a release plan with regards to their cash investment under which FOSUN still owes >6m EUR to NAGA at the time of the semi-annual report 2017, resulting in a strong cash position.

Financial Model:

A financial model has been provided to allow every user to apply their own assumptions and to allow full transparency on the dynamics of the business model. In the case of SwipeStox, the core assumptions (that can be modified) are derived from audited data.

Licenses and regulation:

The NAGA Group AG´s subsidiaries hold all required licenses by the CySec (Cypriot financial services regulatory body) as well as the BAFin (German banking and finance regulatory body) to conduct their financial services business. All other entities are software companies and therefore do not require a license.

Brokerage business model:

Regarding brokerage / banks´ financial trading: Trading flow naturally comes to an institutions own trading book. This is where all customers orders, buy and sell orders in different quantities, come together. Most of these long / short positions balance each other out. The remaining balance is actively managed by the broker’s / banks´ trading department. Under certain rules, the remaining risk can either be passed on to an exchange or hedged in some other way. The idea that a professional (CFD/FX) broker earns 1:1 on every loss of their clients is a myth, the business is far more complex.

Corporate Structure:

The entire NAGA corporate structure has undergone in-depth due diligence by several auditing and law firms, as well as by the underwriting bank within the IPO process. All data and economic performance has been made transparent according to all applicable rules and regulations. From an ICO backers´ perspective, the fact that the NAGA Group AG is public, transparent, regulated, audited and listed, as well as already funded, adds additional safety in comparison to “conventional” ICO projects. It is an additional layer that is backing the NAGA Coin and serves as a reserve (a fiat and an equity reserve).

Users can stumble upon the links to non-NAGA group “predecessors”. This is purely the result of the NAGA’s Group purchasings of “shelf” companies with the aim to speed up the registration process.

There is absolutely no link whatsoever with regards to these “predecessors” other than purchasing time-to-market.

Bonuses:

Early bird bonuses and referral programs are common practice and have become market standard within this industry. In fact, all reputable advisors within this industry will not work with you unless you comply with such standards.

The Underbanked:

NAGA will not reach or empower every person that is underbanked. There is a higher probability that those who are underbanked will get / have access to a mobile phone rather than to a bank account.

Several countries have skipped the “landline stage” in telecommunications and have gone straight to mobile. Similar effects may happen / are already happening with regards to conventional banking and the evolution into digital or crypto-banking (skipping the “conventional banking” stage and going straight to “e” or “crypto”). Providing an interface to access multiple asset classes as well as access to online (pay) services (i.e. education) is a step in the right direction.