Interview with Yasin Sebastian Qureshi, Executive director of The NAGA Group AG
Smart Cryptocurrency for Gaming and Trading
Hello Yasin! Thank you for joining us today! Could you please give us a brief introduction to your company?
NAGA is a long-term project aimed at unlocking the hitherto untapped potential of today’s modern technology to create a world of abundance. We have created the first Blockchain-based ecosystem for decentralized trading, investing and education in financial markets, virtual goods, and cryptocurrencies. All of them make up the largest markets in the world, and our ecosystem unifies these asset classes while users benefit from a comfortable “Single Sign-On” (SSO) solution. The ultimate goal of this undertaking is to allow people to turn their passion into wealth — no matter for which of these three components. Our fintech solutions will pave the way towards financial freedom, total inclusion and wealth democratization.
Tell us about your accomplishments so far, and tell us what you are most proud of having accomplished in the history of the project.
Well, first of all, NAGA is a relatively young fintech company that came into being in 2015. However, only 12 months after our incorporation we performed Germany´s most successful IPO 2017. Currently, we are valued $100 million on the Frankfurt Exchange Stock. Just a few months after our debut as publicly listed company, we generated the world’s second largest Token Sale investor base with more than 63,000 subscribers in the NAGA Token Sale (In cooperation with a partner we raised more than 50m USD). In this regard, we are the first company that did both. That certainly makes us feel proud, but responsible towards our clients.
What is the most noticeable thing about your project? Perhaps it can be something you developed or something you achieved.
It’s actually quite hard to pick out one particular thing. But in this case, it would be the NAGA Coin (NGC), which is based on the same modern development standard as Ethereum. It resembles the heart of our ecosystem and a token that unifies all components of our ecosystem. In fact, the NAGA Coin establishes the world’s first crypto-gateway to trade any sort of financial instrument, and virtual good in a secure and transparent way. The NAGA token already has one major advantage in comparison to others: it is accepted as a means of payment (we use it as a unit of account) in the rapidly growing NAGA ecosystem. No one has to wait for acceptance because it already exists. The integration into such an ecosystem represents an important basis while at the same time limiting the availability of a cryptocurrency because in this way a positive value development is also possible in the medium and long-term.
Give us a quick rundown of the future of the project. What are you trying to create going forth, and what will it mean for the overall project?
Since 2 November, the NAGA Exchange has been available to existing NAGA customers in a “closed beta” version under the domain www.nagax.com. It supports classic fiat currencies as well as well-known crypto-pairings, including our NAGA Coin. With NAGA Crypto Beam, all the usual crypto-pairings (i.e. the exchange rate between two cryptocurrencies) can be exchanged in real time for the best market prices with a single push of a button. The swift and user-friendly transaction is carried out in the background via the NAGA Exchange. All NAGA products are fully connected to the NAGA Wallet via a “single sign-on” (SSO) access — and thus to the entire NAGA Ecosystem in a PayPal-like manner. The NAGA Exchange is one of the fastest in the world and can process more than 10 million transactions per second. We will perform the beta test until our team and users are satisfied. So, we integrate users in this evaluation process. Once functionally and user experience is optimal, the NAGA Exchange will officially be launched.
Tell us a bit about your team. Who are the people behind the screens?
NAGA’s team of over 150 employees combines deep know-how in trading, banking, and blockchain technology with the right mixture of start-up spirit and corporate professionalism to bring enthusiastic innovation and measurable results to its clients’ business processes. The team is spread over several offices across Europe. Employees speak natively many different languages, including German, Bosnian, Russian, English, Spanish, Italian and French.
What partnerships have you formed so far, and which ones are the biggest?
We have already formed many partnerships with well-established fintech companies, including MyBucks, Ontology, and Easyfolio. With all of them we cooperate on different fields, but always in the belief of mutual benefit.
If people wish to connect with you, visit your website or read more about NAGA, what are the links they should visit?
The Naga Group AG Website: https://naga.com/
NAGA Exchange Website: https://nagax.com/
NAGA Wallet Website: https://nagawallet.com/
NAGA Coin Website: https://thenagacoin.com/
NAGA Coin Telegram: https://t.me/official_nagacoin
NAGA Coin Facebook: https://www.facebook.com/official.nagacoin/
NAGA Coin Instagram: https://www.instagram.com/thenagacoin/
NAGA Coin Twitter: https://twitter.com/naga_coin
NAGA Coin YouTube: https://www.youtube.com/channel/UCVuYNdaqi-dgRbQiqGx_M3A
NAGA Coin Vimeo: https://t.me/official_nagacoin
NAGA Coin Reddit: https://www.reddit.com/r/TheNagaCoin
Where is the best place for people to start acquiring your currency, and do you have anything to add before we finish?
The best place to acquire NGC is the NAGA ecosystem. Just sign up at www.thenagacoin.com and choose from several purchase methods (e.g. credit card). As a wallet for securely storing NGC and any other cryptocurrency, we, of course, recommend our own NAGA Wallet, which has a direct synchronization to NAGA Exchange. We have built a world which is full of abundance and where everyone can turn his passion into wealth!
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