Centrifuge price

in TRY
₺8.3671
-₺0.31197 (-3.60%)
TRYTRY
Market cap
₺4.69B #167
Circulating supply
560.9M / 567.32M
All-time high
₺103.89
24h volume
₺12.10M
3.3 / 5

About Centrifuge

Others
Official website
Github
Block explorer
CertiK
Last audit: --

Centrifuge’s price performance

3 months
+59.81%
₺5.2354
30 days
+15.00%
₺7.2752
7 days
+16.61%
₺7.1752
Today
-3.60%
₺8.6791

Centrifuge on socials

Bhaji Illuminati
Bhaji Illuminati
CFG utility alpha here 👇🏻
Arrington Capital
Arrington Capital
New Episode of The Pirate Pod! 🏴‍☠️ Coming on the heels of @EthCC and the 7th installment of the @rwasummit, @itsbhaji joined @KeliCallaghan on the latest episode to talk about the evolution and current state of RWAs. Spotify: iTunes: YouTube:
1.05K
4
Bhaji Illuminati
Bhaji Illuminati
We’ve been heads down focused on CFG utility - 1 single token for unified liquidity - Exchange support for new token - Ship, ship, ship: Products, partners and TVL - Revenue! Fee switch on starting w/ $1B JAAA - CFG use across the ecosystem More details 🔜 CFG Renaissance
12.94K
103
IT Tech
IT Tech
🚨 Has #AltSeason finally kicked off? In the past 14 days, 52 of 56 majors have outrun Bitcoin, some by 30-40 % (see chart 1). It feels like alts are waking up… but one snapshot can fool you. Let’s zoom out.1/🧵 👇
306.76K
52

Guides

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View Centrifuge’s price history
Track your Centrifuge’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Easily buy and sell Centrifuge with your TRY

Centrifuge FAQ

Centrifuge is a decentralized finance (DeFi) protocol that revolutionizes the tokenization of real-world assets. Centrifuge converts these assets into non-fungible tokens (NFTs), unlocking their value and enabling seamless integration with the broader DeFi ecosystem. The protocol's Tinlake decentralized application (DApp) acts as a gateway, providing access to the liquidity and functionality of the Ethereum blockchain.

Centrifuge offers several benefits to its users. One key advantage is the elimination of third-party intermediaries, such as banks, when obtaining loans for real-world assets. This provides borrowers an alternative financing option and expands their access to financial opportunities. 

Additionally, Centrifuge's integration of real-world assets into the DeFi space unlocks a diverse range of financial tools that would otherwise be inaccessible through traditional financial systems.

You can buy CFG tokens on a number of different spot trading markets. One example is OKX TR which offers a CFG/USDT pair. 

Swap your existing cryptocurrencies, including Bitcoin (BTC), Cardano (ADA), Tether (USDT), and USD Coin (USDC), for CFG with zero fees and no price slippage by using OKX TR Convert.

Currently, one Centrifuge is worth ₺8.3671. For answers and insight into Centrifuge's price action, you're in the right place. Explore the latest Centrifuge charts and trade responsibly with OKX TR.
Cryptocurrencies, such as Centrifuge, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Centrifuge have been created as well.
Check out our Centrifuge price prediction page to forecast future prices and determine your price targets.

Dive deeper into Centrifuge

Purchasing cryptocurrency offers numerous benefits, including uninterrupted market access, fast transactions, and user autonomy over their assets. However, the notable drawback is the significant volatility that cryptocurrencies often exhibit.

While some volatility is necessary for trading opportunities, the crypto market tends to experience heightened fluctuations. This is where projects like Centrifuge (CFG) come into play, aiming to provide a less volatile alternative while retaining the advantages of cryptocurrencies.

What is Centrifuge?

Centrifuge is a decentralized asset financing protocol that bridges the gap between real-world assets (RWA) and decentralized finance (DeFi). By connecting these two realms, Centrifuge offers traders a stable source of income while reducing the cost of capital for small and mid-size enterprises (SMEs).

The project's primary objective is to generate profits independent of the volatility of traditional crypto assets. It aims to achieve this by facilitating the transfer of real monetary value from fiat currencies to the crypto space, providing a more stable and reliable trading option.

The Centrifuge team

The Centrifuge team, composed of Martin Quensel and Lucas Vogelsand, launched the project in 2017. Vogelsand, the founding engineer of Centrifuge, also holds the CEO position within the company. Before his involvement with Centrifuge, he co-founded DeinDeal, a well-known e-commerce startup, in 2010. Quensel, on the other hand, serves as the project's COO. Before his role at Centrifuge, he was also a co-founder of Taulia.

How does Centrifuge work?

Centrifuge allows its client companies to access the liquidity of DeFi. They get to tokenize real assets, and use these tokens as collateral for accessing financing using Tinlake, the project’s decentralized application (DApp) lending protocol. Centrifuge’s network was built on Polkadot, so it also gets access to fast speeds and low fees.Meanwhile, its financial DApp Tinlake was built to access the liquidity on Ethereum.

CFG: Centrifuge's native token

Centrifuge has its native cryptocurrency called CFG token. The CFG token was introduced in July 2021 and does not have a maximum supply. The total supply of CFG tokens is currently 430.01 million. As of June 2023, the circulating supply of CFG tokens is 360.26 million units.

CFG token use cases

The CFG token serves various use cases within the Centrifuge ecosystem. It is utilized for trading, investing, and staking activities. Additionally, the token powers the network infrastructure and the project's DApp. It is also employed for paying transaction fees and participating in governance decisions.

Distribution of CFG

The distribution of CFG tokens is as follows:

  • 17.1 percent is allocated to private round funding.
  • 8 percent is allocated to public funding rounds.
  • 27 percent is allocated to the team.
  • 11.8 percent is allocated for the development of the project.
  • 7.3 percent is set aside for rewards.
  • 11.8 percent is allocated to the foundation.
  • 9.9 percent is allocated toward the ecosystem.
  • 7.1 percent is allocated for grants.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Market cap
₺4.69B #167
Circulating supply
560.9M / 567.32M
All-time high
₺103.89
24h volume
₺12.10M
3.3 / 5
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