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Centrifuge market info
Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price. Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
Market cap
$154.68M
Circulating supply
512,172,241 CFG
Market cap ranking
187
24h high
$0.34785
24h low
$0.29359
All-time high
$2.5975
Centrifuge price performance in USD
The current price of Centrifuge is $0.29789. Since 00:00 UTC, Centrifuge has decreased by -10.80%. It currently has a circulating supply of 512,172,241 CFG and a maximum supply of 559,178,341 CFG, giving it a fully diluted market cap of $154.68M. At present, the Centrifuge coin holds the 187 position in market cap rankings. The Centrifuge/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. 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, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates ("OKX TR") are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
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.
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Similar market cap crypto
Listed crypto with similar market cap in the last 24h.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 176 new posts about Centrifuge, driven by 78 contributors, and total online engagement reached 33K social interactions. The sentiment score for Centrifuge currently stands at 89%. Compared to all cryptocurrencies, post volume for Centrifuge currently ranks at 4498. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Centrifuge.
Powered by LunarCrush
Posts
176
Contributors
78
Interactions
32,682
Sentiment
89%
Volume rank
#4498
X
Posts
48
Interactions
3,706
Sentiment
82%
CFG FAQ
What is Centrifuge?
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.
What are the benefits of Centrifuge?
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.
Where can I buy CFG?
You can buy CFG tokens on a number of different spot trading markets. One example is OKX TR which offers a CFG/USDT pair.
Currently, one Centrifuge is worth $0.29789. 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.
What is cryptocurrency?
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.
When was cryptocurrency invented?
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.
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. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning.By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
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