News Karnataka
Wednesday, April 24 2024
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N-gage Messenger to reward users with equity

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Bengaluru: N-gage, the most private messenger, which was launched in January this year has already gained more than 8 lakhs of downloads and is now launching a program to reward its users. N-gage is now poised to give away 250 million shares worth of Equity to its global users. What’s more, India is the first out of 50 countries to be allocated with Equity for its Indian users.

Indian users will get over 60 million shares worth of Equity in n-gage. The first one million founding Indian users to register onto n-gage, will automatically be credited 20 N-Gage Loyalty Points (NLP), equivalent to 20 shares in n-gage, and become partners in a business that they have helped grow.N-gage users, or rather the “Champions” will be able to earn more N-Gage Loyalty Points when they get their friends and family to use the app. Further details can be found in the rewards part of the n-gage app. Each N-Gage Loyalty Point can be exchanged at an appropriate time with either one n-gage share or its cash equivalent.

Speaking on the occasion, Ajit Patel, CEO & Founder of n-gage said,”We firmly believe that it is the users who make any app successful. These users normally get no more than the use of the product for their contribution. With the N-Gage Champions Program, we want our users to partner in our growth and share in the success. The program aims to reward users for their trust and love of n-gage.”

N-gage has issued 1111 million shares out of which 250 million shares has been reserved for the benefit of its users. These shares are owned by Wemet Loyalty Company, a sister company of n-gage, which is governed by an independent board of directors. n-gage has agreed with WemetLoyalty Company that n-gage users will be able to exchange their N-gage Loyalty Points, for either n-gage shares, or its value when n-gage is sold, or publicly listed on the London Stock Exchange which it plans to do end of 2020.

In addition to benefitting from this exciting reward, users will be able to safeguard their messages and content from being abused by receivers or prying eyes. With more than 15 unique privacy features dedicated to helping them keep their messages private, they will be able to take back messages they have sent by accident from the receiver’s end with Extract.For complete control, Stop Screenshot or Stop copy/Share/Forward, prevents users’ contacts from taking screenshots of conversations, or stops them from copying, sharing or forwarding certain messages to other people. As all messages are end to end encrypted, users will now be able to understand the benefit of seeing encryption live on their device with Scramble, a feature that pixilated images, and jumble text.

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