11/21/2024
BTC97,369.0
ETH3,357.66
USDT1.001
SOL248.81
BNB621.79
XRP1.12
DOGE0.388301
USDC1.001
BUSD0.997071

Centrifuge (CFG) Price

CFG
4,4
$0.399285
Market cap
201,244,418.0
Total volume
2,022,067
Circulating supply
505,543,110
Total supply
556,499,322
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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