Nigeria isn't just adopting cryptocurrencies; Nigerians are also building the future of it.
From pioneering DeFi protocols and meme brands to NFT ecosystems, Nigerian founders, developers, and creators are shaping the next era of Web3 innovation, not just for Africa but for the world.
Despite regulatory challenges, limited infrastructure, and global competition, these homegrown projects are thriving, raising millions, onboarding thousands, and solving real problems with blockchain technology.
We have compiled a list of 10 cryptocurrencies built by Nigerians that are making waves in the crypto space.
Disclaimer: Please note that this post is purely for educational purposes only and not investment advice of any sort. All research was conducted independently by the Web3 Nigeria Article Research Team.
1). Wiki Cat
Wiki Cat ($WKC) is a memecoin built on the Binance Smart Chain, created for SMC Dao.
Market Data:
Token Price: USD 0.071419.
Market Cap: $8.05 Million.
Holders: 66,000 holders.
Launched on March 20, 2022, it aims to educate its community about cryptocurrency and foster adoption, particularly in Africa.
Key features include:
Community-Driven: Ownership is renounced, meaning no central authority (e.g., CEO or board) controls it, and no single wallet holds more than 5% of the tokens.
Tokenomics: It has a maximum supply of 1,000 trillion tokens, with 30% sent to a burn wallet (permanently removed) and 70% available for trading on platforms like PancakeSwap. The liquidity pool is locked, enhancing trading security.
Utility: Beyond being a meme token, WKC is burned when learners unlock advanced modules, creating a deflationary loop. The team has launched applications like Peniwallet (a secure Web3 wallet).
Momentum: DAO app passed 45k downloads in 3 weeks (internal metric shared in launch blog).
Next: Integrating NFT certificate badges to deepen retention.
The token is built by Sir Mapy.
2). Quidax Token
Quidax Token (QDX) is the native cryptocurrency of the Quidax Exchange, a globally accessible, African-focused platform launched in 2018.
Market Data:
Token Price: $0.1163 USD.
Market Cap: $8.095 Million.
Total Supply: 500M QDX
Circulating Supply: 77M QDX
Built initially as a BEP-20 token on the Binance Smart Chain and expanded to the Ethereum network in 2024, QDX facilitates trading, staking, and participation in the Quidax ecosystem.
It offers benefits like reduced trading fees, access to DeFi tools, and rewards through the QDX Vault, where users can stake tokens for airdrops and incentives.
The token supports fast, low-cost, pseudonymous transactions, leveraging blockchain for security and transparency.
Quidax exchange is run by Buchi Okoro.
3). Xend finance
Xend Finance is at the forefront of financial innovation, bridging the gap between traditional finance (TradFi) and DeFi.
Market Data:
Token Price: $0.01083 USD.
Market Cap: $1.15 Million.
Total Supply: 199.91M RWA
Circulating Supply: 107.03M
RWA Expanding on its current infrastructure suite which includes Auto Yield, SwitchWallet, XendBridge, MADWallet and more, Xend Finance is introducing the tokenization of real-world assets, including real estate, art, stocks, intellectual properties (IPs), and more.
The existing ecosystem that offers services like yield aggregation, fiat-to-crypto on/off ramp, multi-chain wallet, and wallet infrastructure allows users on Xend Finance to effortlessly acquire fractional ownership of these tangible assets, providing a gateway to exclusive investment opportunities that were once limited to a select few.
Moreover, Xend Finance is committed to democratizing wealth creation, making once-inaccessible investment opportunities, such as real estate and stocks, available to everyone.
This innovative project extends its capabilities to not just individual retailers but also small and medium enterprises (SMEs) and big institutions.
This inclusive approach breaks down financial barriers and geographical constraints, ensuring that individuals from all backgrounds can take part in wealth-generating opportunities and raise capital from diverse sets of investors and investment sizes.
Xend Finance is co-founded by Aronu Ugochukwu.
4). CNGN
cNGN is a Naira-backed stablecoin designed for fast, low-cost digital transactions, primarily for Nigerian SMEs and general users.
It’s regulatory-compliant, pegged to the Nigerian Naira, and aims to revolutionize payments in Africa’s programmable economy. Integrated with platforms like Xend Finance and Rwa Assetchain, it offers high-yield DeFi opportunities.
Its supply on RWA Asset Chain reportedly tripled in 19 days, showing strong demand.
5). Gamic Token (GNG)
The GNG token is the native cryptocurrency of the Gamic platform, a decentralized Web3 super app designed for gamers, creators, and blockchain enthusiasts, primarily focused on empowering African communities.
It operates on a blockchain (a specific chain not consistently detailed in sources) and is used for governance, transactions, rewards, and staking within the Gamic ecosystem.
Below is a detailed breakdown of the GNG token and its stats based on available information. GNG Token Overview Governance: Holders have voting rights for protocol decisions.
Fee Payments: Used for transactions, subscriptions, and in-app services.
Rewards: Distributed to users for contributions like referrals and content creation.
Staking: Required to unlock LGNG (airdropped tokens), driving demand for GNG.
Platform: Gamic is a decentralized messaging and social platform combining Web2 usability with Web3 benefits, offering integrated crypto wallets and community management tools.
Tokenomics: Designed for long-term growth with controlled distribution, staking mechanisms, and revenue-driven buybacks.
GNG Token Stats
The following stats are sourced from available data as of the latest updates:
Price: $0.00 (exact price not consistently reported, possibly pre-launch or low liquidity).
Initial Market Cap: $25 million (5% of FDV at launch).
Fully Diluted Valuation (FDV): $500 million.
Trading Volume (24h): $0.00 (no significant trading activity reported).
Circulating Supply: Not publicly available.
Total Supply: Not explicitly stated in sources.
Max Supply: Not explicitly stated in sources.
Fundraising: Gamic raised $1.8 million across multiple private rounds.
Airdrop Campaigns: Gamic runs active airdrop seasons via platforms like Galxe, rewarding users with GG points and potential $GNG tokens.
Additional Context Ecosystem Growth: Gamic reports 1.6 million signups and wallets.
Crypto Data Platforms: Check CryptoRank, CoinMarketCap, or CoinGecko for real-time updates (though GNG may not be fully listed yet).
The platform is cofounded by hifisoftng on x.
6). Wicrypt
WNT stands for Wicrypt Network Token, the native cryptocurrency of the Wicrypt ecosystem. It is an EVM-compatible token launched on the Polygon blockchain with a maximum supply of 200,000,000 tokens.
WNT serves as both a utility and governance token within Wicrypt’s decentralized mobile internet sharing and monetization network.
Key Functions of WNT:
- Rewards: Users earn WNT by sharing their WiFi or mobile internet data through Wicrypt hotspot hubs. Hosts are incentivized for providing active hotspots with high uptime, and clients may receive WNT for connecting and consuming data over time.
- Governance: WNT holders can stake tokens to participate in network governance, earning voting power to propose or vote on changes to the Wicrypt ecosystem.
- Staking: Hosts stake a minimum of $100 worth of WNT to activate business mode on Wicrypt devices, enabling them to mine tokens by sharing internet.
- Payments: WNT is used to bill users based on data consumption, with hosts credited accordingly. It also facilitates transactions like topping up data balances.
Additional Context:
- WNT is traded on exchanges like MEXC and Quickswap, with a current price of approximately $0.01138 USD and a market cap of around $297,398 USD as of recent data.
- The token supports Wicrypt’s mission to decentralize internet access, allowing users to create and monetize WiFi hotspots without relying on traditional ISPs.
- Wicrypt also uses NFTs to represent devices on the blockchain, with metadata tracking real-time properties like location and data usage, complementing the WNT economy.
This platform is founded by @AronuUgochukwu.
For more details, visit Wicrypt’s official website (https://wicrypt.com) or check their whitepaper (https://whitepaper.wicrypt.com).
7). DeFi Tiger Token
Defi Tiger Token (DTG) is a community-driven, deflationary meme token on the Binance Smart Chain built for the SMC DAO ecosystem.
It combines decentralized finance (DeFi) with a tiger-themed brand, appealing to enthusiasts through its focus on community engagement and financial innovation.
Key features include liquidity burning to reduce token supply and potentially increase value and active partnerships, especially within the Nigerian Web3 ecosystem.
DTG has a circulating supply of approximately 689,984 billion DTG and a maximum supply of 1,000,000 billion, per CoinMarketCap.
Note that cryptocurrency investments carry high market risk and volatility, as highlighted by Binance.
Defi Tiger Token is built by CWEmbassy on x.
8). Ocicat Coin
Ocicat Coin ($OCICAT) is a deflationary cryptocurrency token on the Binance Smart Chain (BSC), launched by the Ocicat Club.
Market Data:
Token Price: $0.09529 USD.
Market Cap: $201,395 Million.
Total Supply: 335M
OCICAT It aims to build a community-driven ecosystem for dreamers and innovators, with a focus on Web3 and decentralized governance through a DAO (Decentralized Autonomous Organization).
Here’s a concise overview:
Key Features:
- Deflationary Model:
- A 5% reflection fee on transactions redistributes tokens to holders or boosts liquidity.
- Over 60% of the initial supply has been burned, with ongoing burns to reduce circulating supply and potentially increase value.
- Community and DAO: - The project fosters a global "dreamers community" with plans for a community app to support Web3 initiatives.
- The Ocicat DAO (nearing completion) enables community voting on project decisions.
- NFTs:
- Offers 3,000 NFTs on the Arbitrum network (0.005 ETH each), tied to airdrops and future utilities, viewable on platforms like OpenSea.
- Staking and Rewards:
- Staking pools allow holders to earn additional $OCICAT.
- Airdrops and giveaways engage the community, with posts on X hyping these opportunities.
- Focuses on long-term sustainability and community empowerment.
Ocicat is built by ePrincyFi on X.
9). Kobo Coin
Kobocoin (KOBO) is a decentralized digital cryptocurrency and payment system launched on February 7, 2015, making it Africa's oldest blockchain.
Created by Felix Onyemechi Ugoji, a Nigerian entrepreneur based in the UK, it’s designed to serve African markets, particularly for mobile-enabled economies, with a focus on low-cost, fast, and secure transactions.
Unlike Bitcoin’s energy-intensive Proof-of-Work (PoW), Kobocoin uses a Proof-of-Stake (PoS) consensus mechanism, where users stake coins to verify transactions and earn rewards (10% annually, credited daily).
It’s optimized for mobile use, targeting Africa’s high mobile money adoption, and aims to provide an alternative for remittances and electronic payments.
The currency has four denominations—KOBO, MANILLA, COWRIE, and MANSA—reflecting African heritage.
It’s traded on exchanges like Cryptopia and Yobit, with a current price of ~$0.0053-$0.0084 USD, a market cap of ~$322,000, and a total supply capped at 350 million coins (26.9 million circulating).
Kobocoin emphasizes privacy, requiring no registration or personal data, and is eco-friendly, using minimal energy compared to PoW blockchains.
Recent posts from kobocoindev on X indicate upcoming listings on centralized exchanges (CEXs).
10). NO TOKEN REFERENCED HERE.
Please comment or suggest tokens that deserve the 10th spot.
Disclaimer: Please note that this post is purely for educational purposes only and not investment advice of any sort. All research was conducted independently by the Web3 Nigeria Article Research Team.
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