Centrifuge price

in USD
$0.3169
-- (--)
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Market cap
$50.13M
Circulating supply
158.34M / 571.24M
All-time high
$2.597
24h volume
$365.78K
3.3 / 5
CFGCFG
USDUSD

About Centrifuge

Centrifuge (CFG) is a cryptocurrency that powers a decentralized platform for real-world asset (RWA) tokenization. It bridges traditional finance and blockchain by allowing assets like invoices, loans, and treasuries to be securely represented and traded on-chain. CFG is used within the Centrifuge ecosystem to facilitate transactions, governance, and incentives, making it easier for investors to access diversified yields while maintaining transparency. The project has gained attention for partnering with major institutions to bring high-quality assets like tokenized S&P 500 funds and private credit strategies onto blockchain networks. By unlocking liquidity for traditionally illiquid assets, Centrifuge aims to create a more open and efficient financial system.
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Centrifuge’s price performance

Past year
-6.16%
$0.34
3 months
+82.23%
$0.17
30 days
-11.83%
$0.36
7 days
+21.09%
$0.26

Centrifuge on socials

더 쓰니 | THE SSUNI
더 쓰니 | THE SSUNI
Novastro Analysis Report @Novastro_xyz is a next-generation AI-based RWA Layer 2 blockchain, dedicated to enabling both individuals and institutions to easily tokenize and trade real-world assets. This platform combines the security of Ethereum with cutting-edge technologies like MoveVM and EigenLayer AVS to provide infrastructure with low fees and fast speeds, supporting real-world asset tokenization, liquidity provision, and yield generation through its own stablecoin, RUSD. Notably, the AI-based compliance monitoring and automation features introduced for regulatory response and operational efficiency are Novastro's biggest differentiators, establishing a foundation for users to manage their assets with peace of mind in a complex regulatory environment. Technically, Novastro is equipped with AI-driven regulatory compliance automation, on-chain tokenization of various real-world assets, a cross-chain structure that supports both Solidity and Move smart contracts, and validation security through EigenLayer. This allows it to provide a one-stop solution for the entire asset tokenization process and monetization strategy, emphasizing versatility that is not limited to specific asset classes or lending markets, unlike existing protocols. The project raised $1.2 million in seed funding from major venture investors, including Woodstock, and is strengthening its technological and ecosystem credibility through strategic partnerships with RWA NOVA, AssetLink, Chainlink, Fireblocks, and others. It is also noteworthy that it provides developer-friendly infrastructure and data-native analytical tools through integrations with projects like Movement and GraphAI. From a web3 narrative perspective, Novastro demonstrates a unique positioning that combines AI and regulatory compliance within the RWA finance (RWAfi) flow. As a bridge connecting traditional finance and decentralized finance, it encompasses not only institutional investors who require a regulatory-friendly DeFi infrastructure but also individual users seeking new asset access opportunities. Unlike existing competitors like Ondo, Centrifuge, and Maple, which focus on government bonds, small business bonds, and institutional loans respectively, Novastro differentiates itself through AI-based automation, MoveVM compatibility, and a complete turnkey (tokenization as a service) solution. Despite these strengths, it faces risks as a latecomer in terms of brand awareness and adoption speed. Additionally, global regulatory uncertainty and the need for user education are challenges that must be addressed in the short term. However, its proactive positioning at the intersection of AI and RWA, and its potential to partner with both traditional financial institutions and DeFi, are likely to serve as significant opportunities in the future. In terms of marketing and retention strategies, Novastro's campaigns like "AI-Powered Trust" effectively communicate real AI-based compliance monitoring cases and risk mitigation achievements, while educational programs like "RWA Unlocked" attract users. Tools that enhance transparency and engagement, such as real-time audit and compliance dashboards and revenue leaderboards, can increase user trust and long-term loyalty. Additionally, at the community level, it can pursue active ecosystem expansion through regular AMAs, joint webinars with partners, and hackathons for builders, while ambassador programs and early adopter rewards can serve as mechanisms to drive ongoing participation. In summary, Novastro is an early-stage project aiming to secure a differentiated position in the RWAfi market through its unique approach of AI-based automation and regulatory compliance. Its rich partnerships and technological foundation provide a competitive starting point, and future success will depend on education, transparency, and community-centered marketing and user retention strategies.
The RWA Bull 🐂👑
The RWA Bull 🐂👑
So you are bullish on RWA & Tokenization but don't hold: $SMT $syrup $plume $ctc $kta $cfg $cpool $chex $eden $gfi $el $mln $lumi $propc $ixs $rwa $trade $ondo ?
cexscan
cexscan
Coinbase Spot (USD-15m) Top 3 Gainers: $SQD (Subsquid) : ↑1.58% $SAPIEN (Sapien) : ↑1.35% $CFG (Centrifuge) : ↑1.23% Top 3 Losers: $MOG (Mog Coin) : ↓-2.35% $ZORA (ZORA) : ↓-1.59% $CRO (Cronos) : ↓-1.41% ------------------------------- #Coinbase #Crypto #AltcoinSeason

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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 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 Convert.

Currently, one Centrifuge is worth $0.3169. 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.
Cryptocurrencies, such as Centrifuge, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX 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

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Market cap
$50.13M
Circulating supply
158.34M / 571.24M
All-time high
$2.597
24h volume
$365.78K
3.3 / 5
CFGCFG
USDUSD
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