The current real-time price of CNGN is $0.0006. In the past 24 hours, CNGN has traded between $0.0006 and $0.0006, 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 , over the past 24 hours is -0.04%, and over the past 7 days is +0.76%. These figures provide a quick overview of the latest price trends and market dynamics of CNGN on LBank.+1.12%
The live price of CNGN today is $0.0006, with a current market cap of $1.798M. The 24-hour trading volume is 5K. The price of CNGN to USD is updated in real time.
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.
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
To learn more about CNGN, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
binance-smart-chain | 0x25b2...fbcca2  | 80.208M | 38.61% |
binance-smart-chain | 0x9560...78fe7b | 64.050M | 30.83% |
binance-smart-chain | 0x71a5...ac4cbc | 42.206M | 20.32% |
binance-smart-chain | 0x9cd8...0aa2b1 | 29.557M | 14.23% |
binance-smart-chain | 0xb84e...614a29 | 19.816M | 9.54% |
Other | -2,811,586 | -13.54% |
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.
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.
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.
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.
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.
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.
Just Now
Dear LBank User
Our online customer service system is currently experiencing connection issues. We are working actively to resolve the problem, but at this time we cannot provide an exact recovery timeline. We sincerely apologize for any inconvenience this may cause.
If you need assistance, please contact us via email and we will reply as soon as possible.
Thank you for your understanding and patience.
LBank Customer Support Team
