Centrifuge cfg #556

$0.166432

5.06% (1d)

Market Cap

$87.4M

BTC Price

$0.00000302

FDV

$93.9M

Vol24h

$1.1M

Circulating Supply

564.4M cfg

Total Supply

Info

Website
Website Whitepaper
Community
Algorithm

N/A
Proof Type

N/A
Block Reward

0
messages.All Time High

$2.19
messages.ATL Date

10/15/2021

The current price of Centrifuge is $0.166432 in USD. As of now, a total of 564.4M cfg are in circulation across the market. Centrifuge has experienced a price change of 5.06% in past 24 hours. To explore more cryptocurrencies, please visit here. messages.Over the past 24 hours, Centrifuge trading volume on crypto exchanges has reached $1.1M.

- Changelly
- Crypto.com

Description

Centrifuge is a decentralized protocol that connects the DeFi ecosystem with real-world assets. It aims to lower capital costs for small and mid-sized enterprises (SMEs) and offer a stable source of income for investors. The CFG token provides liquidity to the system and acts as a reward mechanism for investors. Centrifuge’s innovative approach includes tokenizing real-world assets as non-fungible tokens (NFTs), which are then used as collateral in the DeFi space through Tinlake, Centrifuge’s decentralized application lending protocol. This method allows businesses to leverage DeFi liquidity by using their real-world assets, thus bypassing traditional banking routes. Centrifuge was launched in 2017 by Lucas Vogelsang, the CEO, and Martin Quensel, the COO.