NAGA EXCHANGE INFORMATION!
As promised in Ben's last update about the exchange delay, we would now like to present you with further insight into the upcoming NAGA Exchange. First of all: No, this time we will not provide you with a fixed date; but, rest assured, the exchange is closer than you might think.
Today we would like to talk to you about the key drivers that determine the success or the failure of an exchange: Fees, Assets, Use-case and features!
Fees are always a big thing. Noone wants to pay fees, but everyone knows that fees are important in order for the business to deliver quality and a stable and secure exchange.
The team had endless nights moving the fees from competitive to even-more-competitive and back to basic. With our current structure, we believe to have arrived to the golden middle.
The NAGA EXCHANGE will feature competitive fees, which can even be reduced when using NGC. The Fees will be structured on a 9-Level system, which allows fair rates for people who trade more than average. Every level achieved will allow you to save an average of 10% against the previous level. Below you can find the fees for our entry/starter-level.
|Pay the fee in trading currency|
|Pay the fee in NGC|
|Fee:||Free of charge|
|Withdrawals from wallet:|
|Paying in crypto:||Current blockchain cost|
|Paying in NGC:||save 50% on costs|
The most important thing of every exchange are the goods which you are trading and exchanging. NAGA has carefully chosen the initial assets which will be listed on the NAGA EXCHANGE. All of these assets will be paired with US Dollar and Euro.
We know how important it is to feature NAGA COIN as the base currency and the entire team is working hard on the final steps to implement this. NAGA COIN will soon be the base currency for each trading pair.
|Trading Pair 1||Trading Pair 2|
|Bitcoin Cash||NAGA COIN|
|Bitcoin Cash||US Dollar|
|Tether USD||US Dollar|
|NAGA COIN||US Dollar|
NAGA wouldn't be NAGA if there weren't some amazing features.
Therefore, we have some very cool integrations and features coming up that will go live with the exchange. We don't want to spoil everything, but we can give you some small hints.
The NAGA EXCHANGE will be seamlessly integrated with specific other NAGA products.
There will be an instant-exchange service provided by NAGA.
Are you familiar with NAGA TRADER Achievement system? NAGA EXCHANGE will have something very similar.
Of course, we want to provide you with another update on our NAGA EXCHANGE visibility. Please have a look at the below sneak peak of the Naga Exchange user interface (test environment):