Changes to the GEL Account

Due to the legislative changes that became effective on August 8:

• Georgian Lari (GEL) balances were transferred to nGEL at the rate of 1 GEL = 1 nGEL.

• All operations in GEL need to be carried out in nGEL.

The changes are purely technical and will not affect your use of our services.

nGEL is a stable, GEL-equivalent, Ethereum blockchain-based ERC20 token developed by Coinmania. nGEL is backed by the national currency stored in the bank, which determines its stability. 1 GEL = 1 nGEL

Transfers:

• Transferring nGEL to the bank. nGEL will be exchanged at the rate of 1 GEL = 1 nGEL and automatically transferred to the bank in GEL.

• Transferring nGEL via Express Transfer. Transfers between Coinmania users are commission-free.

Deposits:

• Adding funds from a bank to your nGEL account. nGEL is converted to GEL and added to your account balance automatically.

Buying/Selling Crypto asset:

• Use nGEL instead of GEL to buy or sell crypto asset.

These changes are the result of the introduction of industry regulations.

Technical Specifications of nGEL:

• Full name: new GEL

• Ethereum blockchain-based ERC20 stable token that is compatible with all ERC20 wallets

• Contract address: 0xf7dB73eF42b6fB4627756871F463D0B311Ec79C8

nGEL Tokenomics:

1 Billion nGELs were minted at inception on March 23, 2021.

• Limitations on minting nGEL: Unlimited

• Initially minted nGEL = the amount of nGEL available on the balances of Coinmania users = the Georgian Lari (GEL) counterbalance amount on the bank accounts of Coinmania Ltd.