The social investing and crypto trading platform NAGA hit a key milestone today with the availability of its native NAGA token as a utility coin on the NAGA Trading Platform. With the addition of $NGC, traders not only get to utilize the token for trades but can also benefit from lower fees when following expert traders, helping them to optimize their investing strategies. 

NAGA bills itself as a unique trading platform that differentiates itself from the alternatives like eToro, FxPro and Crypto.com with its distinct social aspect that aims to solve the problem of unprofitable trading once and for all. Through its proprietary Autocopy feature, users can follow traders similar to how they track their favorite influencers on social media, mirroring their market moves in real-time and with guaranteed price execution. Users can copy every trade made on the platform by leading investors, paying a flat $1 “copy fee” for each transaction in order to share in their profits. 

For successful traders, the platform provides them with a simple way to monetize their trading strategy, complete with tools to run community accounts, understand their audience and optimize their trading style. 

In addition to the trading platform, which offers more than 1,500 tradable assets including stocks and crypto, NAGA also provides a crypto wallet and banking app. Its goal is to become a kind of super app for finance that enables trading, crypto and payments all from one place.

$NGC coin is key to fulfilling that ambition. It’s envisioned to be the native cryptocurrency of the NAGA Trading Platform and its integration brings instant benefits, enabling users to reduce copy fees by 50% when they use the token.

$NGC is a utility coin that will act as the fuel for the entire NAGA ecosystem, including the Trader platform and its upcoming NAGA DeFi and NAGA Social Betting apps. Benefits will include decreased fees on all three platforms, the ability to create smart contracts for copy trading and more.

Users will also be able to trade $NGC with other cryptocurrencies through the NAGA Crypto Wallet, and use it as a contract for differences. CFDs are financial contracts that pay the difference in the settlement price between the open and closing trades.

Perhaps the biggest reason to be excited by the launch of $NGC is the coin’s huge potential as an investment. The NAGA Trade Platform boasts a global community of more than one million traders, and its parent company NAGA Group AG is planning an initial public offering on the U.S. Nasdaq exchange sometime next year. Add to that, $NGC’s low market cap of just $34.8M USD, making the token seem extremely under-priced compared to rival tokens such as Voyager Token (VGX), which sits with a market cap of close to $1.2B USD at the time of writing.