NGNT is an independently managed open-source project that runs on Ethereum and Binance via smart contracts.
* NGNT is a stablecoin pegged to the value of the Nigerian Naira. It is not legal tender.
NGNT is a digital representation of the Naira on the blockchain. NGNT doesn’t require a bank account. It doesn’t require that you live in a particular geography. And you can send NGNT around the world in just a few minutes.
You should use NGNT if you're a cryptocurrency trader or investor who wants a hassle-free and fast way of trading cryptocurrency against the value of the Naira. All NGNT transactions are done on the blockchain so there are no transfer limits or banking delays.
NGNT is backed by USDC and BUSD. They are both regulated by financial institutions in the United States, and backed by fully reserved assets, and redeemable on a 1:1 basis for US dollars.
USDC is the world's leading digital dollar stablecoin. USDC is governed by Centre, a membership-based consortium that sets technical, policy and financial standards for stablecoins.
BUSD is a stablecoin by issued by Paxos in partnership with Binance. Paxos and BUSD are approved and regulated by the New York State Department of Financial Services, ensuring the utmost of consumer protections.
The value of our reserves will always match or exceed the value of all the NGNT in circulation. The value of our reserves are publicly available on the blockchain.
It is not legal tender. NGNT is not the Nigerian Naira. It is digital currency pegged to the value of the Naira.
0xb7d9905edf8b7b093e3c74af8d6982d0f3d37762 0x05bbed16620b352a7f889e23e3cf427d1d379ffe
You can send NGNT without ETH from your non-custodial wallet using SendNGNT.com
NGNT is an independently managed open-source project that runs on Ethereum and Binance via smart contracts.
Join our Telegram community of traders, developers, enthusiasts and stakeholders to discuss the future of NGNT and digital money in Africa.
If you’ll like to contribute to NGNT and change the financial landscape in Africa by minting, issuing and redeeming the token, send us an email at [email protected].