Naked Technologies aims to bring to the market an asset based cryptocurrency that has its own financial ecosystem. They have vast investments in real estate, travel, music, education, F&B and cosmetics. Their ICO starts on 5th November and runs for 30 days or until their hardcap funding of 100 million USD is reached.
Naked Technologies Financial Ecosystem
One of the things that Naked Technologies is banking on is its strong financial ecosystem that incorporates its various marketplaces. By acquiring their token, NKD, an investor will be in a position to seamlessly transact on their platform. With the increase of cryptocurrency ATMs, the firm intends to roll out its own NKD ATMs so that you can easily swap currencies in real time. This will drastically cut down the time it takes to transact cryptocurrencies.
Another interesting innovation from Naked Technologies is introducing a co-branded debit card into its ecosystem. This will allow their token holders to easily swap NKD$ to other cryptos such as Bitcoins and ETH which can then be quickly withdrawn in form of fiat currency. In this ecosystem, there’s also a lending platform that allows people to lend and borrow using the NKD$ token. The strategy in place is for token holders to stake their NKD$ for a fixed period of time and earn a % of dividends from doing do.
Naked Technologies Business Portfolio
- Real Estate – It currently has a diversified property portfolio where NKD$ owns upwards of 30 residential assets whose mortgages has been fully paid. With an award winning real estate strategy team, the firm strongly believes that the only way is up in terms of value addition to the NKD cryptocurrency.
- Travel – Naked travel that’s ABTA accredited started out in 2009 targeting corporate travel. Through travel incentives, the company has adopted a strategy that is a win-win for the company and hotel owners.
- Cosmetics – As the official cosmetic choice for MTV music awards, NKBd is known to provide quality products made using cruel free procedures. With over 800 products to offer, customers are spoilt of choice.
- Food and Beverages – The Naked restaurant has won accolades for providing food lovers with a remarkable dining experience. The brand is now franchising globally. As a holder of their NKD token, you are better placed to enjoy delicious meals and unforgettable moments at any of their restaurants.
- Education & Personal Development – One of the founders Marco Robinson and his team has been active in helping people by empowering them to become financially free.
- Entertainment – Their movie ‘Legacy of Lies’ is already winning awards and with the NKD token, investors will get to watch their films and other Hollywood movies.
The NKD$ Token Sale
The hardcap for the ICO is 100Million dollars with a July 2017 pre-ICO and ICO starting from November 2017. Come January 2018, the company hopes to have the token listed on top cryptocurrecy exchanges.The pricing is as follows:
- 1 BTC= 10,500 NKD$
- 1 ETH= 430 NKD$
Naked Technologies Conclusion
It’s rare to find a token backed by assets so it will be interesting to watch the NKD$ performance in the cryptocurrency space.