Convert Cred LBA to Nigerian Naira NGN
LBA to NGN: 1 Cred converts to NGN 0.0937 NGN as of June 12 at 4:59 PM
About Cred
Cred is falling this week. The current price of Cred is NGN 0.0937 per LBA. With a circulating supply of 675,000,000 LBA, it means that Cred has a total market cap of NGN 63,272,738.67. The amount of Cred traded has fallen by -NGN 48,156,990.32 in the last 24 hours, which is a 59.79% decrease. Additionally, in the last day, NGN 80,548,243.55 worth of LBA has been traded.
The exchange rate of Cred is decreasing. The current value of 1 LBA is NGN 0.0937 NGN. In other words, to buy 5 Cred, it would cost you NGN 0.4687 NGN. Inversely, NGN 1.00 NGN would allow you to trade for 10.67 LBA while NGN 50.00 NGN would convert to 533.34 LBA, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 46.7%. Meanwhile, in the last 24 hours, the rate has changed by 33.07%, and that the highest exchange rate of 1 LBA to NGN was NGN 0.14 NGN and the lowest 24 hour value was 1 LBA for NGN 0.0786 NGN. Last month, 1 LBA was worth NGN 0.15 NGN. Today, it's down 36.59%. Looking back a year, Cred has changed by NGN 0.53 NGN. That means that in a single year, the value of Cred has shrank by 82.81%.
Cred Market Stats
Libra Credit is a decentralized lending ecosystem that facilitates open access to credit anywhere and anytime based on the Ethereum blockchain. Libra Credit is a global initiative with a mission to provide financial inclusion and lower the cost of financial services. Powered by its proprietary big data, AI-based credit assessment technology and existing global partnership networks, Libra Credit has the expertise and capabilities to realize its mission. Libra Credit aims to offer a seamless digital lending process that can be completed in 5 steps: application, verification and credit assessment, confirmation, collateral deposit, and disbursement. The Libra Credit platform will focus on a dual-credit risk scoring mechanism that considers the creditworthiness of the pledged collateral as well as the credit information of the borrower. Borrowers will be able to pledge any crypto-assets as collateral and receive loans in their desired asset. Using smart contracts and a proprietary collateral valuation and liquidation system, Libra Credit will lock in agreed terms between borrows, lenders, custodians, guarantors and liquidators. Libra Credit was founded in 2017 and operates out of San Francisco, USA. They are backed by investors such as FBG Capital, GBIC, DHVC, Dekypt Capital, Crypto Parency, and others. Lu Hua, Co-Founder & CEO has experience in the payments, financing, and risk management industries. He was previously the CEO of moKredit, one of China’s top digital credit servicing companies. Lu was also the Head of Core Payments for PayPal China and the Head of Global Banking Platform for PayPal US. Dan Schatt, Co-Founder & COO has previously worked as the Chief Commercial Officer at Stockpile Inc., a leading fintech company, and as General Manager of Financial Innovations at PayPal. Howard Wu, Chief Scientist, he is a blockchain and cryptography expert who is a Founding Partner of Dekrypt Capital, Advisor of Blockchain at Berkeley, and Software Engineer at Google. He advises the project in a technical capacity and has received a Master’s degree in Electrical Engineering and Computer Sciences from UC Berkeley. There are already quite a few blockchain lending projects, so competition is stiff. Libra Credit’s development progress is rather early compared to its competitors. The crypto-to-crypto lending part seems to be well thought out. However, not so much with the crypto-to-fiat part. According to the roadmap, crypto-to-fiat lending is scheduled to launch in 2018 Q3. With details lacking in the weekly blog update about crypto-to-fiat lending, it is difficult to gauge whether the proposed timeline is reasonable.
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Conversion tables
LBA to NGN values from Today at 4:59 pm
0.5 LBA = NGN 0.0469 NGN |
1 LBA = NGN 0.0937 NGN |
5 LBA = NGN 0.47 NGN |
10 LBA = NGN 0.94 NGN |
50 LBA = NGN 4.69 NGN |
100 LBA = NGN 9.37 NGN |
500 LBA = NGN 46.87 NGN |
1,000 LBA = NGN 93.75 NGN |
NGN to LBA values from Today at 4:59 pm
0.5 NGN = 5.33 LBA |
1 NGN = 10.67 LBA |
5 NGN = 53.33 LBA |
10 NGN = 106.67 LBA |
50 NGN = 533.34 LBA |
100 NGN = 1,066.67 LBA |
500 NGN = 5,333.37 LBA |
1,000 NGN = 10,666.74 LBA |
LBA to NGN over time
LBA | Today | 24H | 1M | 1Y |
|---|---|---|---|---|
0.5 LBA | NGN 0.0469 NGN | NGN 0.0700 NGN | NGN 0.0769 NGN | NGN 0.27 NGN |
1 LBA | NGN 0.0937 NGN | NGN 0.14 NGN | NGN 0.15 NGN | NGN 0.53 NGN |
5 LBA | NGN 0.47 NGN | NGN 0.70 NGN | NGN 0.77 NGN | NGN 2.67 NGN |
10 LBA | NGN 0.94 NGN | NGN 1.40 NGN | NGN 1.54 NGN | NGN 5.35 NGN |
50 LBA | NGN 4.69 NGN | NGN 7.00 NGN | NGN 7.69 NGN | NGN 26.75 NGN |
100 LBA | NGN 9.37 NGN | NGN 14.01 NGN | NGN 15.38 NGN | NGN 53.50 NGN |
500 LBA | NGN 46.87 NGN | NGN 70.03 NGN | NGN 76.92 NGN | NGN 267.48 NGN |
1,000 LBA | NGN 93.75 NGN | NGN 140.06 NGN | NGN 153.84 NGN | NGN 534.96 NGN |
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Frequently asked questions
How much is 1 Cred in NGN?
Right now, 1 Cred is worth about NGN 0.0937.
How much LBA could I buy for 1 NGN?
Based on the current rate, you could get 10.67 LBA for 1 NGN.
How much has the price of Cred changed?
Cred price has been declining. Since yesterday, the exchange rate of Cred has decreased. Since last month, the exchange rate of Cred has decreased. Since this time last year, the price of Cred has decreased.
How do I calculate or convert LBA to NGN?
You can use our LBA to NGN calculator at the top of this page to convert any amount of LBA to NGN. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 NGN is equivalent to 53.33 LBA. Inversely, 5 LBA will cost about NGN 0.47
How can I buy 1 Cred on Coinbase?
Cred can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Cred.
What are assets similar to Cred that I can buy?
There are a number of crypto assets that have the a similar or comparable market cap to Cred, including BIBI, Bonkers Meme Token, and Project Rescue. For a more robust list of assets to explore, jump to the asset page dedicated to Cred.
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Create a Coinbase account to buy and sell Cred on the most secure crypto exchange.
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