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The live price of Centrifuge (CFG) today is 0.600147 USD, and with the current circulating supply of Centrifuge at 360,263,043 CFG, its market capitalization stands at 216,210,706 USD. In the last 24 hours CFG price has moved -0.031177 USD or -0.05% while 1,082,881 USD worth of CFG has been traded on various exchanges. The current valuation of CFG puts it at #193 in cryptocurrency rankings based on market capitalization.
Learn more about the Centrifuge blockchain network and how it works or follow the price of its native cryptocurrency CFG and the broader market with our unique COIN360 cryptocurrency heatmap.
Centrifuge (CFG) is a decentralized financial platform that aims to bridge the gap between traditional finance and DeFi (Decentralized Finance). It empowers businesses to transact on a global network while maintaining ownership of their assets. The platform's unique approach to finance is designed to democratize access to financial services and improve liquidity for businesses.
Centrifuge operates on a unique technology stack that combines elements of blockchain and traditional finance.
Centrifuge uses a Proof-of-Stake (PoS) consensus mechanism, which is energy-efficient and allows for faster transaction times compared to Proof-of-Work systems.
Centrifuge operates on the Substrate framework, which allows for interoperability with other blockchains in the Polkadot ecosystem. This enables Centrifuge to leverage the security and scalability of Polkadot.
Centrifuge boasts several key features that set it apart from other DeFi platforms.
Thanks to its Substrate-based architecture, Centrifuge can process transactions quickly and efficiently, making it highly scalable.
Centrifuge's PoS consensus mechanism and Polkadot's shared security model ensure that the platform is secure against attacks.
While transactions on Centrifuge are transparent, the platform maintains privacy by not disclosing the identities of its users.
Centrifuge is fully decentralized, meaning that no single entity has control over the network. This ensures fairness and transparency.
The Centrifuge project is spearheaded by a team of experienced developers and blockchain experts. The platform operates on a decentralized governance model, with CFG token holders having a say in the project's direction.
Centrifuge has the potential to disrupt traditional finance by providing businesses with a more efficient and transparent way to transact. Its use cases include supply chain financing, invoice factoring, and more.
CFG tokens can be purchased on several exchanges, including Binance and Uniswap.
To buy CFG, you first need to create an account on an exchange that lists the token. After depositing funds into your account, you can then purchase CFG.
CFG tokens can be stored in any wallet that supports ERC-20 tokens, such as MetaMask or Ledger.
Centrifuge has partnered with several notable organizations in the blockchain space, including MakerDAO and Aave.
The Centrifuge team has a clear roadmap for the future, which includes plans to further develop the platform's features and expand its user base.
Like any blockchain project, Centrifuge faces several risks and challenges, including regulatory hurdles and potential competition from other DeFi platforms.
Centrifuge has a vibrant community of users and developers who contribute to the platform's growth. The project also strives to comply with all relevant regulations in the jurisdictions it operates in.
The Centrifuge community is active and engaged, contributing to the platform's development and promoting its use.
Centrifuge is committed to complying with all relevant regulations and has a dedicated team to ensure this.
In conclusion, Centrifuge is a unique and innovative DeFi platform that has the potential to revolutionize the way businesses transact. With its robust technology, key features, and dedicated team, Centrifuge is well-positioned to make a significant impact in the world of finance.
|Centrifuge Price||0.600147 USD|
|Market Cap||216,210,706 USD|
|24h Volume||1,120,584 USD|
|Circulating Supply||360,263,043 CFG|
|Max Supply||No data|
|Yesterday's Market Cap||220,933,659.69 USD|
|Yesterday's Open / Close||0.644434 USD / 0.613257 USD|
|Yesterday's High / Low||0.646813 USD / 0.603837 USD|
-0.05% ( 0.031177 USD )
|Yesterday's Volume||1,082,880.87 USD|