Changes to the GEL Account

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

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:

Deposits:


Buying/Selling Crypto asset:

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



Technical Specifications of nGEL:


nGEL Tokenomics:

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