Stay Proactive In Cybersecurity With ‘NGY Lock!’

Safeguarding your digital assets has become an utmost priority in an increasingly digital world. In Nagaya, we understand that, and so we always work towards providing greater assurance and peace of mind to our HODLers in storing their NGY tokens in Nagaya Staking Wallet.

Introducing NGY LOCK: A robust solution designed to enhance security.

Introducing ‘NGY Lock!’, a security feature in Nagaya Staking Wallet that will be rolled out to all NGY HODLers from 1 May 2025.

‘NGY Lock!’ acts as a shield to protect your NGY (BEP20) tokens from unauthorised outgoing transfers. Once activated, the NGY (BEP20) balance in your Nagaya Staking Wallet will be locked for the next 30 days.

During this period, any outgoing transfer of NGY (BEP20) tokens cannot be processed and only deposit of NGY (BEP20) tokens is possible.

As a fundamental objective in enhancing security, ‘NGY Lock!’ cannot be deactivated anytime before the 30-day period is up. Hence, let’s begin with ‘NGY Lock!’ to enhance your defences and protect your NGY (BEP20) tokens from cyber threats. Have some questions about ‘NGY Lock!’? Look for the answer in the following list of Frequently Asked Questions.

What is this new feature intended for?

‘NGY Lock!’ acts as a protective shield for our HODLers to safeguard their NGY tokens against cybercriminals.

After I activate this feature, what will happen?

If I click/tap on ‘NGY Lock!’ within the 30-day period, what will happen?

I have accidentally activated this security feature. What should I do?

Besides ‘NGY Lock!’, how else can I ensure that my NGY tokens are safe?

How can I activate ‘NGY Lock!’ for my NGY (Mainnet) coins?