Membership Categories & Criteria

Just as a tree does not make a forest, a block does not make a chain. At SiBAN, we believe in decentralization. As Nigeria’s Blockchain Association poised to become a blockchain and cryptocurrency ecosystem builder, our membership structure is decentralized, embracing diversity in the space.

Also, as a self-regulatory body, SiBAN’s membership structure spans the entire blockchain and cryptocurrency community. Our membership structure also accommodates “friends of the community” who are from relevant industries and sectors.

At SiBAN, we are committed to not only providing structure in Nigeria’s blockchain and cryptocurrency community but also sanitizing the space towards enhancing consumer protection and checking illegal practices. This will help us boost investor confidence, foster public trust, improve security, thus encouraging adoption of the blockchain technology across industries.

This is why we have a membership criteria that intending members of SiBAN must meet. 

SiBAN has various membership categories, reflecting the various players and stakeholders in the emerging blockchain industry. These categories are as follows:

  • Undergraduate (Student Node)- 4,000naira ($10)/year and KYC Compliance.
  • NYSC Corper (Corper Node)- 6,000naira ($15)/year and KYC Compliance.
  • Enthusiast (Enthu Node)- 8,000naira ($20)/year and KYC Compliance.
  • Expert (Xpert Node)- 12,000naira ($30)/year and KYC Compliance.
  • Individual Crypto Trader (Trader Node)- 30,000naira ($75)/year and KYC Compliance.
  • Professional Firms & Consultancy (Pro Node)- 35,000 ($87.5)/year and KYC Compliance.
  • Corporate Body (MasterNode)- 40,000naira ($100)/year and KYC Compliance.
  • Local Digital Asset Exchange (Xchange Node)- 50,000naira ($125)/year and KYC Compliance.
  • Global Digital Asset Exchange (Xchange Node)- 100,000naira ($250)/year and KYC Compliance.
  • Local Peer-to-Peer Digital Assets Platform (P2P Node)- 50,000naira ($125)/year and KYC Compliance.
  • Global Peer-to-Peer Digital Assets Platform (P2P Node)- 100,000naira ($250)/year and KYC Compliance.
  • Local Over-the-Counter Digital Asset Service (OTC Node)- 50,000naira ($125)/year and KYC Compliance.
  • Global Over-the-Counter Digital Assets Provider (OTC Node)- 100,000naira ($250)/year and KYC Compliance.
  • Technical Developers (Tech Node)- 50,000naira ($125)/year and KYC Compliance.
  • Venture Capitalists (Venture Node)- 50,000naira ($125)/year and KYC Compliance.
  • Academy, Education & Training (Edu Node)- Donations accepted. KYC Compliance.
  • Association & Interest Group (BuidL Node)- Donations accepted. KYC Compliance.
  • Charities & NGOs (Impact Node)- Donations accepted. KYC Compliance.
  • Incubator & Accelerator (Growth Node)- Donations accepted. KYC Compliance.
  • Research & Development (Research Node)- Donations accepted. 
  • Professional Body (Public Pro Node)- Donations accepted. 
  • Virtual Asset Regulator (Regu Node)- Donations accepted. 
  • Government MDAs (Governing Node)- Donations accepted.

Having viewed the membership criteria, click here to view the information you need to complete your membership registration.