The place of cryptocurrency in today’s financial system is not yet clear, but in practice, cryptocurrencies are rapidly becoming global, forming a significant part of the financial market and influencing it in various ways.
Considering that we already stepped into the crypto era, countless new crypto projects spring up all over the globe. Amidst them is the NAGA Coin (NGC) - a cryptocurrency that heavily fortified its place in the crypto realm.
NAGA Coin is a decentralized ERC-20 compliant cryptocurrency used for both trading and investing. In December 2017, NAGA Group AG raised a whopping 50 million USD in the ICO. The NGC appeared on the market that year hitting a high of 4.33 USD on the 31st of December.
The NGC can be used to pay commissions, act as collateral, and serve as the primary currency for all transactions, making it the 'gold mine' of NAGA's sustainable economy where demand is constantly increasing as more users join the ecosystem.
NAGA Coin (NGC) Benefits
Surely you must have wondered by now what perks NGC could bring. In one word, the more volume you hold, the cheaper it gets to trade on NAGAX. You can save up to 87.5% on trading fees.
Your trading fee discount is determined by the amount of NGC. The more NGC, the merrier!
For more information on discounted coins through NGC check out this link here.
NGC - Trading Fee Token
You now have the option to pay the trading fees with your NGC holding. For example, NAGA Coin can use the USDT/NGC token as a fee when you’re trading the BTC/USDT token.
To enroll in the ‘Pay Trading Fees with NGC’ program, login and click on the NAGA Exchange in the Sidebar Menu:
You’ll be redirected to your account section and on the top-left corner, there’s the ‘Exchange Token’ option. To enable the ‘Pay Trading Fees with NGC’ mode, click on the switch:
You shall then receive a notification that you've successfully enrolled and are ready to take advantage of the NGC Fee Discount:
Rest assured, we’re getting there! We’ll bestow a myriad of benefits upon the NAGA Coin so stick around.
How to Buy NAGA Coin (NGC)
Figuring out how to buy your first NAGA Coin can be confusing at first. Thankfully, it’s pretty simple to learn the ropes. To date, you can buy NAGA Coin with USDT. Here is how:
2️⃣ You can Buy USDT directly from the NAGAX Wallet or by clicking on the Buy Crypto Button on the NAGA Feed
3️⃣ Select the USDT from the provided list.
4️⃣ If it's your first crypto purchase, you will need to go through a short account creation and KYC process (Know Your Customer) in order to ensure the safety of your funds, data, and transactions.
❗️ Next time you try to buy crypto with your credit card, after logging into your account, you won’t be asked to complete the KYC again.
5️⃣ Input the amount you would like to purchase and press Continue
7️⃣ That’s it! Your transaction will be finalized and the USDT will land in your NAGAX crypto wallet.
8️⃣ Then, go back to your Crypto Wallet, select NGC and choose ‘Buy / Sell NGC with Crypto’ option:
9️⃣ You will be redirected to the Transaction Page in the Crypto Wallet. Enter the USDT amount and the system will automatically display the amount of NGC you can get:
🔟 Review your transaction details and confirm your purchase 🥳
❗❗❗ We are constantly working on our NAGAX platform to provide the smoothest service for our users. In the foreseeable future, you will be able to instantly purchase NGC using your credit/debit card.
Where can I find my NGC?
Your NAGA Coins are safely stored in the NAGAX Wallet. Our best experts have worked on cementing the NAGAX wallet's defenses and ensured it incorporates leading technology solutions and encryption standards.
The NAGA Coin plays a crucial role in the NAGA ecosystem expansion and crypto world dominance due to the rise of interest in this game-changer crypto and the growing trend of social and copy trading.
Cryptocurrencies are highly volatile and trading can result in the loss of your invested funds. Before investing you should be aware that cryptocurrencies may not be suitable for all investors. You should therefore carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and not invest money that you can not afford to lose.