What is your opinion of NGC (Naga Coin)?

Bitcoin Questions and AnswersCategory: QuestionsWhat is your opinion of NGC (Naga Coin)?
Mireille asked 3 weeks ago

Hello,
Have you or anyone on your team investigated NGC Naga Coin? If so, is it a legitimate crypto currency, or a scam?
I would value your opinion on the coin, please.

Thank you,
Mireille

1 Answers
Steven Hay answered 3 weeks ago

Hi Mireille,
 
Can’t say I’d hear of NGC before, I checked out their site and announcement page… I dunno, honestly it seems like just another ICO to me. Doesn’t seem to be solving any problem in particular, just bills itself as a solution to very general financial problems – but pretty much any crypto could be the solution… and Bitcoin is the most likely to become the solution to all the issues NGC “addresses…”
 
Selling goods, trading, all that stuff it has in its economy is already done by other cryptos. I just don’t see any hooks on this one, it’s got the fancy site and the usual ICO lineup of professional-looking types, the usual boastful claims… but I failed to find anything interesting in the 5 minutes or so I gave it.