NAGA Coin (NGC) describes itself as a decentralized cryptocurrency that aims to bridge the gap between financial markets and the new era of digital money. The project is backed by the Geman publicly listed FinTech "The NAGA Group AG". NGC was launched on the 17 Dec 2017 after raising $50,000,000 from 63,000 people in its ICO. The token is an Ethereum based token (ERC20). Notable backers of the token are Roger Ver, Miko Matsumura, and the founder of Bancor, Guy Ben-Artzi.