Compliant NairaPrice(CNGN)
Details Compliant Naira (CNGN) Price information (USD)
The current real-time price of CNGN is $0.0007. In the past 24 hours, CNGN has traded between $0.0007 and $0.0007, showing strong market activity. The all-time high of CNGN is $0.0007, and the all-time low is $0.0006.
From a short-term perspective, the price change of CNGN over the past 1 hour is
Compliant Naira (CNGN) Market Information
Compliant Naira (CNGN) Today's Price
The live price of CNGN today is $0.0007, with a current market cap of $101.193K. The 24-hour trading volume is 784.62. The price of CNGN to USD is updated in real time.
Compliant Naira (CNGN) Price History (USD)
What is COMPLIANT NAIRA (CNGN)?
When is the right time to buy CNGN? Should I buy or sell CNGN now?
Before deciding whether to buy or sell CNGN, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s CNGN technical analysis can provide you with trading references.
Future price trend of CNGN
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for CNGN.
How much will CNGN be worth tomorrow, next week, or next month in ? What about your CNGN assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! CNGN Price Prediction
How to buy COMPLIANT NAIRA (CNGN)
Convert CNGN to local currency
CNGN Resources
To learn more about CNGN, consider exploring other resources such as the whitepaper, official website, and other published information:
Blockchain explorer
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
binance-smart-chain | 0x25b2...fbcca2  | 80.208M | 30.94% |
binance-smart-chain | 0x9560...78fe7b | 64.050M | 24.71% |
binance-smart-chain | 0x71a5...ac4cbc | 42.206M | 16.28% |
binance-smart-chain | 0x9cd8...0aa2b1 | 29.557M | 11.4% |
binance-smart-chain | 0xb84e...614a29 | 19.816M | 7.64% |
Other | 23.382M | 9.02% |
Hot Events
COMPLIANT NAIRA (CNGN) FAQ
What exactly is cNGN and how is its value maintained?
cNGN is a regulated stablecoin pegged 1:1 to the Nigerian Naira, serving as a digital representation of the national currency on public blockchains. It operates on a fiat-collateralized model, meaning that for every cNGN token minted, an equivalent amount of Naira is held in reserve at licensed commercial banks in Nigeria. This structure ensures that 1 cNGN is always intended to maintain a value equal to 1 NGN, providing a stable digital asset for the Nigerian ecosystem.
Is cNGN the same as the eNaira issued by the Central Bank of Nigeria?
No, cNGN and eNaira are different digital assets. The eNaira is a Central Bank Digital Currency (CBDC) issued and managed directly by the Central Bank of Nigeria (CBN) on a private blockchain. In contrast, cNGN is a privately issued stablecoin managed by the Africa Stablecoin Consortium (ASC), which includes several major banks and fintech institutions. Unlike the eNaira, cNGN operates on public blockchains, allowing for greater interoperability within the global decentralized finance ecosystem.
What regulatory oversight and security measures are in place for cNGN?
cNGN is designed with institutional-grade security and compliance. It was developed within the Central Bank of Nigeria (CBN) regulatory sandbox and is supervised by the Nigerian Securities and Exchange Commission (SEC) under its Regulatory Incubation Program. To ensure transparency, the project maintains records of its reserves held at regulated commercial banks. This framework provides a higher level of security and legal compliance compared to many unregulated stablecoins in the market.
Where can users buy cNGN and what are the requirements for trading?
Users can acquire and trade cNGN on licensed digital asset platforms such as LBank. These platforms allow for the seamless exchange of cNGN with other digital assets or local currency. Because cNGN is a compliant and regulated token, users are required to complete Know Your Customer (KYC) procedures on LBank or their chosen exchange. This process ensures that all transactions meet regulatory standards for financial safety and identity verification.
Which blockchain networks support cNGN and allow for its transfer?
cNGN is built to be a multi-chain and interoperable digital asset. It is designed to function across several major public blockchains, enabling users to move Naira value across various decentralized ecosystems. This multi-chain approach ensures that users can utilize cNGN for a wide range of blockchain-based services and decentralized applications, providing flexibility and efficiency for global transfers without being limited to a single network architecture.
What are the primary use cases for cNGN compared to other stablecoins?
The primary use cases for cNGN include international remittances, cross-border payments, and providing liquidity for decentralized finance (DeFi). It offers significant transactional utility by allowing direct on-ramping from bank accounts to the blockchain without the complexities of peer-to-peer hurdles. While it is not a store-of-value hedge against inflation like USD-pegged coins, it serves as a regulated tool for local settlements and enables users to access yield-generating Web3 instruments backed by traditional financial assets.
