NAGAYAPrice

(NGY)

NAGAYA (NGY) is introduced as a revolutionary Hybrid Digital Asset, uniquely backed by LBMA-Grade Gold. It also functions as a proof-of-ownership, providing holders with benefits derived from its various physical projects. The primary aim of NAGAYA is to serve as a reliable and secure payment option, combining the stability of a tangible asset with the innovation of digital finance, thereby addressing needs for trust and utility in the crypto ecosystem.

NAGAYA is designed with a robust system that allows its gold reserve to grow continuously, mirroring the expansion of projects it funds. This innovative mechanism underpins its value, aiming to provide stability and confidence. For transparency, an initial deposit of gold was strategically made and recorded in The Safe House, located in Singapore. This commitment to tangible backing and clear documentation is central to fostering public trust in the asset.

NAGAYA's physical project portfolio prominently features nickel mining operations. These significant endeavors commenced with their first project in October 2020, located in Kolaka, South East Sulawesi, Indonesia. Building on this foundation, NAGAYA planned to expand its involvement in the nickel industry with a second business project by August 2023. These real-world assets provide a tangible foundation for the digital asset, connecting it to productive economic activities.

NAGAYA underwent a significant network migration in December 2023. Previously operating on its native mainnet, the project transitioned to the Binance Smart Chain (BEP20). This strategic move allows NAGAYA to leverage the benefits of the BEP20 ecosystem, such as enhanced compatibility, potentially lower transaction fees, and broader accessibility within the decentralized finance landscape, while offering its tokens on a widely recognized and utilized blockchain platform.

'NGY Lock!' is an essential security feature integrated into the Nagaya Staking Wallet. Its primary purpose is to safeguard NGY (BEP20) tokens by preventing unauthorized outgoing transfers. When activated by a user, it effectively imposes a virtual lock on the tokens, making them immoveable for a predefined 30-day period. During this time, only incoming deposits to the wallet are processed, ensuring enhanced protection for the token holder's assets against potential illicit withdrawals.

NAGAYA has indeed garnered significant recognition for its efforts. In 2023, it received the Korea Small and Medium Enterprises Innovation Award in the IT innovation category and was honored with the Korea National Brand Awards for Best CEO and Overseas Resource Development. Prior to that, in 2022, NAGAYA earned Grand Prizes in both the Nickel Industry (Digital IT Asset) and Global Resource Industrial Development categories, highlighting its impact and innovation across multiple sectors.