Centrifuge (CFG) Live Price and charts Today

1 Centrifuge (CFG) Price Today in USD is $0.716932

Centrifuge (CFG) = $0.716932 USD

Centrifuge (CFG) all-time high (ATH) is $15.98 USD

The maximum supply of Centrifuge (CFG) is Unknown

Centrifuge (CFG) 24h volume is $1.15 Million(s) USD

Centrifuge (CFG) Market Cap is $258.28 Million(s) USD

Centrifuge
$0.716932
+2.67%
Centrifuge (CFG) Price Chart
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  • 1H +0.07%
  • 24H +2.67%
  • 1Y +227.87%
  • Rank #211
  • Market Cap 2.53% $258,284,041
  • 24H Spot Volume -5.49% $1,150,812.21
  • 24H Volume / Market Cap -
  • Circulating Supply 360,263,043.00
  • Total Supply 447,006,951
  • Max Supply -
  • Fully Diluted Valuation -
  • API ID centrifuge copy duigou
  • Project Start Date Apr, 2022
  • Contracts & Explorer(s)
  • Websites Website
  • Links
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About CFG Roadmap & Milestones
Centrifuge is a decentralized asset financing protocol that connects DeFi with real-world assets based on Polkadot network.

Centrifuge is a decentralized asset financing protocol. It connects decentralized finance (DeFi) with real-world assets (RWA) while trying to lower the cost of capital for small and mid-size enterprises (SMEs) and provide investors with a stable source of income. The main goal of the project is to generate profits that are not tied to volatile crypto assets; the developers are pursuing the task of transferring real monetary value from fiat to cryptocurrencies.

Companies are using Centrifuge to access the liquidity that DeFi has to offer. They can tokenize real assets and use these tokens as collateral to access financing through Tinlake, a decentralized application (DApp) lending protocol. The Centrifuge blockchain is built on Polkadot (DOT) for speed and low fees, while its financial DApp Tinlake is built to access Ethereum (ETH) liquidity.

Centrifuge provides liquidity to everyone and investors receive income and rewards in the form of CFG tokens. Centrifuge links assets such as invoices, real estate and royalties with decentralized finance (DeFi). Additionally, borrowers benefit from the fact that they can finance their real assets without banks or other intermediaries. 

Centrifuge bridges real-world assets into DeFi (“Decentralized Finance”) to bring down the cost of capital for SMEs and provide DeFi investors with a stable source of yield uncorrelated from volatile crypto assets. Centrifuge token (CFG) is a native token of Centrifuge that utilizes a nominated-Proof-of-Stake consensus algorithm to stake validators and provide incentives for Centrifuge adoption. CFG empowers holders to guide the development of Centrifuge through on-chain governance. 

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