Convert Nigerian Naira NGN to Collaterize COLLAT

NGN to COLLAT: 1 Nigerian Naira converts to 0.5903 COLLAT

NGN
Buy Collaterize

About Collaterize

Collaterize is climbing this week. The current price of Collaterize is NGN 1.69 per COLLAT. With a circulating supply of 999,906,682.172 COLLAT, it means that Collaterize has a total market cap of NGN 1,683,944,555.67. The amount of Collaterize traded has risen by NGN 1,236,659,630.82 in the last 24 hours, which is a 99.49% increase. Additionally, in the last day, NGN 1,243,019,886.03 worth of COLLAT has been traded.

The exchange rate of Collaterize is increasing. The current value of 1 COLLAT is NGN 1.69 NGN. In other words, to buy 5 Collaterize, it would cost you NGN 8.47 NGN. Inversely, NGN 1.00 NGN would allow you to trade for 0.5903 COLLAT while NGN 50.00 NGN would convert to 29.52 COLLAT, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 15.39%. Meanwhile, in the last 24 hours, the rate has changed by 19.41%, which means that the highest exchange rate of 1 COLLAT to NGN was NGN 1.90 NGN and the lowest 24 hour value was 1 COLLAT for NGN 1.40 NGN. Last month, 1 COLLAT was worth NGN 3.42 NGN. Today, it's down 51.06%. Looking back a year, Collaterize has changed by NGN 58.80 NGN. That means that in a single year, the value of Collaterize has shrank by 96.73%.

Collaterize Market Stats

What Is Collaterize ($COLLAT)? Collaterize is a platform focused on the tokenization of real-world assets (RWA) that integrates three primary components: a mobile application, a custom Layer 1 (L1) solution, and a Solana-based token. The project aims to provide an accessible, secure, and efficient method for converting tangible assets into digital tokens while democratizing tokenization and creating an inclusive financial ecosystem accessible even to users without prior blockchain knowledge. Platform Components and Functionality Collaterize App: The Collaterize mobile application serves as the primary interface for users. It allows asset owners to initiate the tokenization process, manage their digital assets, and track transactions in real time. The app is designed with usability in mind, ensuring that both individuals and institutions can navigate the tokenization process with ease, regardless of their technical background. Collaterize L1: In addition to the mobile application, Collaterize has developed its own Layer 1 solution. This custom-built L1 is specifically engineered to handle the requirements of asset tokenization, including secure recording and verification of asset data. By isolating the tokenization process from other blockchain operations, the L1 improves overall efficiency and security. It is an integral part of the platform, ensuring that tokenized assets are managed in a controlled environment. Solana Token ($COLLAT): The token $COLLAT is deployed on the Solana blockchain. Solana was chosen for its low transaction fees and high-speed processing capabilities. The $COLLAT token is an essential element of the platform, linking the mobile app and the L1 solution through cross-chain mechanics. User Benefits This cross-chain approach provides users with several distinct benefits: Early Access to RWA Presales: Holders of $COLLAT gain early access to presale events for tokenized real-world assets. This benefit provides the opportunity to participate in asset tokenization before it becomes widely available. Lower Transaction Fees on RWA Services: Users interacting with the Collaterize platform benefit from reduced fees when dealing with tokenized assets. This cost efficiency is designed to encourage greater user engagement and broader adoption of the platform. Boosted RWA APY: The platform offers enhanced annual percentage yields (APY) for investments in tokenized assets. This incentive is structured to reward active participation within the ecosystem. Governance and Community Involvement Collaterize emphasizes a community-driven approach. The platform provides a governance framework in which $COLLAT token holders can vote on proposals that affect future platform developments and protocol upgrades. This governance structure is intended to ensure that the direction of the project reflects the interests of its community. Project Overview Launched by a team based in France, Collaterize combines traditional asset management with modern blockchain technology. The project aims to bridge the gap between physical assets and digital finance by providing a structured, transparent, and secure process for asset tokenization. At its core, Collaterize seeks to democratize tokenization and build an inclusive financial system that is accessible to everyone, regardless of their expertise in blockchain technology.

NGN 1.69Price
NGN 1.68BMarket cap
NGN 1.24BVolume (24h)
999.9M COLLATCir. Supply

Conversion tables

NGN to COLLAT values from Today at

NGN 0.50 NGN = 0.2952 COLLAT
NGN 1.00 NGN = 0.5903 COLLAT
NGN 5.00 NGN = 2.95 COLLAT
NGN 10.00 NGN = 5.90 COLLAT
NGN 50.00 NGN = 29.52 COLLAT
NGN 100.00 NGN = 59.03 COLLAT
NGN 500.00 NGN = 295.16 COLLAT
NGN 1,000.00 NGN = 590.33 COLLAT

COLLAT to NGN values from Today at 3:35 pm

0.5 COLLAT = NGN 0.847 NGN
1 COLLAT = NGN 1.69 NGN
5 COLLAT = NGN 8.47 NGN
10 COLLAT = NGN 16.94 NGN
50 COLLAT = NGN 84.70 NGN
100 COLLAT = NGN 169.40 NGN
500 COLLAT = NGN 846.98 NGN
1,000 COLLAT = NGN 1,693.97 NGN

NGN to COLLAT over time

NGN
Today
24H
-71.08%
1M
-29.24%
1Y
-1.70%
0.5 NGN
0.2952 COLLAT
0.3554 COLLAT
0.1462 COLLAT
0.008503 COLLAT
1 NGN
0.5903 COLLAT
0.7108 COLLAT
0.2924 COLLAT
0.01701 COLLAT
5 NGN
2.95 COLLAT
3.55 COLLAT
1.46 COLLAT
0.08503 COLLAT
10 NGN
5.90 COLLAT
7.11 COLLAT
2.92 COLLAT
0.1701 COLLAT
50 NGN
29.52 COLLAT
35.54 COLLAT
14.62 COLLAT
0.8503 COLLAT
100 NGN
59.03 COLLAT
71.08 COLLAT
29.24 COLLAT
1.70 COLLAT
500 NGN
295.16 COLLAT
355.42 COLLAT
146.19 COLLAT
8.50 COLLAT
1,000 NGN
590.33 COLLAT
710.83 COLLAT
292.39 COLLAT
17.01 COLLAT

Frequently asked questions

Right now, 1 Collaterize is worth about NGN 1.69.

Based on the current rate, you could get 0.5903 COLLAT for 1 NGN.

Collaterize price has been on the rise. Since yesterday, the exchange rate of Collaterize has increased. Since last month, the exchange rate of Collaterize has decreased. Since this time last year, the price of Collaterize has decreased.

You can use our COLLAT to NGN calculator at the top of this page to convert any amount of COLLAT to NGN. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 NGN is equivalent to 2.95 COLLAT. Inversely, 5 COLLAT will cost about NGN 8.47

Collaterize can be custodied on Coinbase Wallet. Check out our guide to get more detailed instructions on how to buy Collaterize.

There are a number of crypto assets that have the a similar or comparable market cap to Collaterize, including WPAY, BinGold, and Solitaire Blossom. For a more robust list of assets to explore, jump to the asset page dedicated to Collaterize.

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