12/22/2024
BTC96,913.0
ETH3,911.51
USDT0.9999
XRP2.43
SOL225.51
BNB659.88
DOGE0.31367
USDC1.001
BUSD0.994955

Centrifuge (CFG) Price

CFG
4,4
$0.314918
Market cap
158,847,666.0
Total volume
3,779,781
Circulating supply
509,634,893
Total supply
557,806,965
The operational engine behind Centrifuge is fueled by its unique token model, which supplies the necessary infrastructure for the platform to operate independently, eradicating reliance on any singular fail point, such as the Centrifuge team or
corporation. This autonomy is achieved by harnessing the power of Centrifuge's native cryptocurrency, known as the Centrifuge token (CFG), underpinned by a nominated-proof-of-stake consensus algorithm. This algorithm enables the staking of value through Centrifuge, alongside providing incentives for its adoption and incorporating an on-chain governance system. This system allows token holders to have a say in the direction and evolution of Centrifuge, ensuring its continual growth and relevance.
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