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CFG Price
$0.31244
+7.73%
24H Price Chart
Market Cap
$112.56M
24H Volume
$484.51K
Circ Supply
360.26M

Source: CFGUSD Chart by TradingView

CFG Market Stats

  • Price $0.31244
  • 1H Change +2.34%
  • 24H Change +7.73%
  • 7 Day Change +15.88%
  • 30 Day Change +105.19%
  • 1 Year Change -50.31%
  • All-Time High (ATH) $2.34364
  • % From ATH -86.54%
  • ATH Date Nov 7, 2021

CFG Explorer

Centrifuge Background

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 Technical Info

  • Blockchain Own Blockchain

Centrifuge News

All images, branding and wording is copyright of Centrifuge. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap, Coinpaprika and TradingView.