Key takeaways:
- The NAGAX team has announced its social trading platform will be launching on March 7; the pre-registration is now open
- NAGAX will be giving out $35,000 worth of USDT prizes to users who preregister their accounts, and rich rewards to those who generate the most engagement about the upcoming launch on social media
- NAGAX will offer spot and derivatives trading, a community-driven News Feed hub, its own NFT marketplace, staking products, and more
NAGAX, a Germany-based cryptocurrency social trading platform, has announced its public launch is slated for March 7, 2022. The NAGAX team has also unveiled it will be running an exclusive pre-registration promotion that will distribute $35,000 among the first users.
NAGAX is launching on March 7 with an emphasis on community engagement
NAGAX is a subsidiary of the Hamburg-headquartered NAGA Group AG, a rapidly growing investment firm that allows traders to gain exposure to stocks, crypto, forex, and ETF markets. With NAGAX, the company is deepening its commitment to digital assets and looks to disrupt the crypto exchange landscape with a combination of social trading features and a rich portfolio of trading products and services.
Traders interested in becoming the first members of the upcoming trading platform are invited to register for the NAGAX whitelist. In addition to the pre-registration whitelist, NAGAX will be giving the community a chance to participate in the $35,000 promotional event.
$35,000 in prizes awaits new NAGAX users
The first promotion will be rewarding a share of the $10,000 prize pool to three participants that will do the best job of promoting the upcoming launch of NAGAX on social media. The participants vying for the $5,000, $3,000, and $2,000 prizes are instructed to educate the broader crypto community about NAGAX’s features and to share links to the company’s Telegram channel and website.
The second and third promotions will be rewarding users who pre-register their NAGAX accounts ahead of the March 7 launch. Five whitelisted users selected out of the pool of the first 10,000 registered users will win $1,000 each, while the first 2,000 users will receive $10 worth of Bitcoin (BTC) into their NAGAX accounts.
All prizes will be paid out in the equivalent amount of Tether (USDT) stablecoin.
At launch, NAGAX will offer support for more than 100 digital assets trading in 700 pairs, derivatives trading, and access to top-tier and easy-to-understand educational material. Going forward, the NAGAX team plans to expand its platform with staking features, a launchpad platform, and its own non-fungible token (NFT) marketplace.
NAGAX will provide expert traders with an opportunity to monetize their investment insights to other, less knowledgeable members of the community. The trading insights, along with the latest news, and educational content will be featured in NAGAX’s News Feed.
