NairaCoin is for The World

A stable cryptocurrency built on a secure network.

Global. Simple. Stable.

Blockchain Technology

NairaCoin is built on a secure, scalable, and reliable blockchain. It  is open-source and transparent. Every transaction is recorded publicly on the blockchain and can be verified by everyone.

Stable Value

NairaCoin is pegged 1:1 to the Naira, which means 1 NCN will always be redeemable for 1 Naira. It’s the best of fiat on the blockchain.

How NairaCoin works

The Vision

NairaCoin is a global, digitally native, reserve-backed cryptocurrency built on the foundation of blockchain technology. It is an ERC-20 token on the Ethereum blockchain. People will be able to send, receive, spend, and secure their money, enabling a more inclusive global financial system.

The Currency

The unit of currency is called NairaCoin (NCN). The aim is to make NairaCoin as widely accepted and as easy to use as possible to create a currency that people can use with confidence and convenience in their everyday lives.

The Reserve

NairaCoin is fully backed by a reserve of Naira stored in our vaults that will be regularly audited and audits reports will be published monthly upon launch. A Naira will be held in the NairaCoin Reserve for every NairaCoin that is created, building trust in its intrinsic value.

The Blockchain

NairaCoin is open-source and transparent. Every transaction is recorded publicly on the blockchain and can be verified by everyone. The smart contract has been audited and verified.

ABOUT US

NairaCoin (NCN) is a digital asset. Each coin is backed by one Nigerian Naira, stored in vaults all around the world. If you own NCN, you own the underlying physical currency, held in custody by Local Pay Limited.

© 2020 Local Pay Limited.