Bitz is trading IOU version of this token and not the official CFG asset. Please check official announcement here: https://twitter.com/centrifuge/status/1403370544712593408?s=20
CFG

CentrifugeCFG

Rank #286
Coin
On 25,044 watchlists

Centrifuge Price (CFG)

$1.86
3.13%

0.00003055 BTC0.68%

0.000464 ETH0.41%

Low:$1.85
High:$1.93
24h
CFG  Centrifuge CFG
Price:
$1.86
 3.13%
Market Cap
$202,479,730
3.11%
Fully Diluted Market Cap
$798,803,677
3.13%
Volume
24h
$977,695
44.98%
Volume / Market Cap
0.004829
Circulating Supply
108,998,667.00 CFG
Max Supply
--
Total Supply
430,011,123
Sponsored

Centrifuge to USD Chart

Loading Data

Please wait, we are loading chart data

CFG Price Live Data

The live Centrifuge price today is $1.86 USD with a 24-hour trading volume of $977,695 USD. We update our CFG to USD price in real-time. Centrifuge is down 3.13% in the last 24 hours. The current CoinMarketCap ranking is #286, with a live market cap of $202,479,730 USD. It has a circulating supply of 108,998,667 CFG coins and the max. supply is not available.

If you would like to know where to buy Centrifuge, the top exchanges for trading in Centrifuge are currently OKEx, ZT, KuCoin, Gate.io, and AOFEX. You can find others listed on our crypto exchanges page.

What Is Centrifuge (CFG)?

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.

Who Are the Founders of Centrifuge?

Centrifuge was launched in 2017 by Lucas Vogelsang and Martin Quensel.

Lucas Vogelsang is the founding engineer at Centrifuge and holds the position of the company’s CEO. Vogelsang co-founded e-commerce startup DeinDeal in 2010. After successfully selling DeinDeal to Ringier, he started working on another startup — KaufDA. Later, Vogelsang relocated to Silicon Valley to join Taulia as technical manager. In October 2017, he co-founded Centrifuge.

Martin Quensel is a co-founder at Centrifuge and its current COO. Prior to Centrifuge, he co-founded Taulia. Quensel began his career at SAP as a software developer and architect.

What Makes Centrifuge (CFG) Unique?

The Centrifuge protocol tokenizes real-world assets by converting them to non-fungible tokens (NFTs). After that, they are funded through Tinlake. Tinlake is the first DApp built on the Centrifuge chain. It was created to access liquidity on Ethereum, while CFG has its own bridge to Ethereum.

The features of Centrifuge include integration with other DeFi protocols. This feature allows Centrifuge users to get liquidity without slowdowns and protects DeFi protocols from destabilizing events by adding uncorrelated collateral. As a result, the cumulative risks are reduced and predatory lending and banks are replaced by smart contracts.

As of June 2021, Centrifuge has the highest total value locked (TVL) on the Polkadot ecosystem. Moreover, the project claims to be among the first to launch a parachain on Polkadot. When the team designed the Centrifuge chain, operational speed and low fees were prioritized.

Read about Aave.

Learn more about DeFi.

What is Polkadot? Take a deep dive with CMC Alexandria.

Find out how to keep your crypto safe.

How Many Centrifuge (CFG) Coins Are There in Circulation?

CFG is the native token of the Centrifuge and it powers the entire network. There are three major use cases for CFG: staking, paying transaction fees and governance participation. The token is also used to reward the liquidity providers on Tinlake. As of June 2021, the total supply is 425,000,000 CFG, growing at a rate of 3% per year.

The total supply of CFG tokens are distributed as follows: 27% to core contributors, 17.1% to total backers, 7.3% to rewards and grants, 9.5% to the community sale, 11.8% to foundation endowment, 7.1% to community grants, 10.8% to development grants and 8.3% to the early ecosystem.

CFG sale took place on May 26, 2021, on Coinlist. The event was held in two stages and the supply of tokens was limited at 17 million for each round.

How Is the Centrifuge Network Secured?

Users pay transaction fees in CFG tokens and transaction aggregators on Polkadot receive a share of the fee for processing and storing data. These measures, as well as the NPoS (Nominated Proof-of-Stake) mechanism and the CFG rewards, encourage users to operate fairly and select data collators that provide censorship resistance.

Overall, most of the security comes from the Polkadot relay chain. The use of Polkadot's protective mechanisms provides Centrifuge with a high level of security at a low cost.

Where Can You Buy Centrifuge (CFG)?

As of June 2021, CFG tokens can be traded on the BitZ platform.

If you want to find out more about buying crypto, feel free to read our detailed guide.

CFG to USD Converter

converter-coin-logo

CFG

Centrifuge

converter-coin-logo

USD

United States Dollar

CFG Price Statistics

Centrifuge Price Today
Centrifuge Price$1.86
Price Change24h$-0.06008
3.13%
24h Low / 24h High
$1.85 /
$1.93
Trading Volume24h$977,695.22
44.98%
Volume / Market Cap0.004829
Market Dominance0.01%
Market Rank#286
Centrifuge Market Cap
Market Cap$202,479,729.83
3.11%
Fully Diluted Market Cap$798,803,677.21
3.13%
Centrifuge Price Yesterday
Yesterday's Low / High
$1.85 /
$1.93
Yesterday's Open / Close
$1.91 /
$1.87
Yesterday's Change

2.42%

Yesterday's Volume$1,313,899.06
Centrifuge Price History
7d Low / 7d High
$1.84 /
$2.19
30d Low / 30d High
$0.9485 /
$2.58
90d Low / 90d High
$0.6397 /
$2.29
52 Week Low / 52 Week High
$0.6009 /
$2.58
All Time High
Oct 14, 2021 (9 days ago)
$2.58
28.06%
All Time Low
Jul 16, 2021 (3 months ago)
$0.6009
209.12%
Centrifuge ROI
No Data
Centrifuge Supply
Circulating Supply108,998,667 CFG
Total Supply430,011,123 CFG
Max SupplyNo Data