Compliant Naira

Compliant Naira

CNGN #2240 DANGER
Stablecoin Watch
DANGER
Compliant NairaCNGN
Market Cap$2027140
24hr Volume$1662
24hr Change-0.5%
Price$0.0007257541381196155
DANGER Critical Issues Detected

This coin has triggered a critical safety failure. Do not buy, swap, or interact with this token.

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CNGN Compliant Naira Details
Type
Stablecoin
Launched
2024
HQ
Lagos, Nigeria
Team
Doxxed
Project Website
cngn.co/ Whitepaper
Tags
StablecoinsBNB Chain EcosystemSolana EcosystemPolygon EcosystemEthereum EcosystemBase EcosystemFiat-backed StablecoinLisk Ecosystem

Compliant Naira is described as a blockchain-based stablecoin called cNGN, intended to link the Nigerian Naira with global market use. The description states that cNGN is backed 1:1 by Naira reserves held in designated commercial banks.

The stated use cases include remittances, commerce, trade, and investment. The description also claims that using cNGN shortens settlement times and reduces payment costs, enabling faster cross-border payments. No founding year, founder, technical architecture beyond blockchain, supply cap, or governance model is provided.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Founders / Core Team
  • Adedeji Owonibi - Founder & COO LinkedIn ↗
    Prior: Convexity
    Adedeji is the Managing Director of cNGN and has been instrumental in its development.
  • Charles Okaformbah - CTO LinkedIn ↗
    Prior: Technext
    Charles was named by Technext as one of the key figures shaping Nigeria’s blockchain landscape in 2025.
Audits (1)
  • Frank Castle 2026-01-01 pass report ↗
    The smart contract audit conducted by Frank Castle in January 2026 confirmed the security and compliance of cNGN's smart contracts.
Whitepaper
View whitepaper ↗ (2024)
Quality: high
Tokenomics
Max supply: 1590000000
Next unlock: 2026-05-01
Green Flags
  • ✓Backed 1:1 by Naira reserves held in designated commercial banks
  • ✓Conducts monthly audits on reserve funds
  • ✓Smart contract audit passed by Frank Castle
Red Flags
  • ✗Stablecoin has depegged from its target
  • ✗Depegging from target value
  • ✗Lack of reserve transparency
  • ✗Potential systemic risks due to currency volatility

Price Chart

Contract Security

ethereum · 0x17cdb2a01e7a34cbb3dd4b83260b05d0274c8dab
✓ Open source
✓ Not honeypot
✓ Non-mintable
✓ Ownership locked
✓ Non-pausable
✓ No blacklist
✓ Visible owner
✓ Fixed slippage
Source: GoPlus Security

On-Chain Facts

Deploy Date
Jan 11, 2025
ethereum
Deployer
0x18645845e70…
Total Holders
21
Top 10 Hold
99.5%
Top 50: 100.0%
Top Holders
  • 0x97ea097693e8a7205… 50.97%
  • 0x052ae8f8106682f21… 14.56%
  • 0x71a592ca84a669c93… 7.29%
  • 0x2b5f2232d92f6a161… 7.28%
  • 0x12a317e3e6bdd0604… 7.28%
  • 0xd780f18baa3a54513… 7.28%
  • 0xb1d9d1ce78b50aeab… 2.58%
  • 0x921bb35ecabdcbc58… 1.09%
  • 0xd365a9fc631033c18… 0.73%
  • 0x6597836ff81bbc627… 0.44%
Source: ethplorer · Etherscan

Compliant Naira Exchanges

Top 2 by trust score
Uniswap V4 (BSC) 0XA8AE…F058/0X55D3…7955 PancakeSwap (v2) 0X6EC9…8EDB/0XA8AE…F058
Green trust Yellow Red Unknown

View on Chain

Contract on chain
Base · BaseScan Lisk Solana Polygon · PolygonScan BNB Chain · BscScan Ethereum · Etherscan
Discussion
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85%
Profile Status
Data completeness
Some data missing
Medium confidence ⓘ

Market Stats

All-Time High$0.00
All-Time Low$0.0004
Circulating2790401647
Total Supply2790401647

Recent News

SMC DAO acquires Nigerian crypto startup Bread Africa in six-figure deal

general 2 sources 2 months ago

Roqqu joins Quidax, Busha to list the cNGN stablecoin

general 1 source 9 months, 1 week ago

Roqqu becomes latest Nigerian crypto platform to support cNGN stablecoin

general 1 source 9 months, 1 week ago

Compliant Naira Price, CNGN Price, Live Charts, and Marketcap

general 3 sources 11 months, 4 weeks ago

Nigeria Launches First Fully Compliant Stablecoin, cNGN, to Boost Digital Finance

general 1 source 1 year, 3 months ago

Compliant Naira price today, cNGN to USD live price, marketcap and chart

general 1 source 2 years, 4 months ago

Central Bank Of Nigeria Approves Naira Stablecoin For 2024 Launch

general 1 source 2 years, 4 months ago

Nigeria’s Compliant Naira Stablecoin cNGN to Launch on February 27

general 2 sources 2 years, 5 months ago

Nigerian Banks Set To Launch Compliant Naira Stablecoin In 2024

general 1 source 2 years, 5 months ago

@cngn_co

Follow @cngn_co

Compliant Naira GitHub