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Centrifuge CFG

Centrifuge Price (CFG)
$0.7580
0.47% Buy CFG Now

0.0002 ETH

0.0000114 BTC

Buy CFG Now
Low: $0.7456
High: $0.7946
24h
Market Cap
$372,597,412
0.47%
Fully Diluted Market Cap
$413,503,417
0.47%
Volume
24h
$2,627,591
25.49%
Volume / Market Cap
0.0071
Circulating Supply
491,567,206 CFG
Max Supply
--
Total Supply
545,534,437

Centrifuge (CFG) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

1.18%

Joined at Apr 16, 2018

Following

300

0.67%

Tweet count

3,360

0.93%

Centrifuge reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official Centrifuge (CFG) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

Centrifuge telegram
Telegram Stats
Visit Telegram

Members

0.32%

Title

Centrifuge Official

Centrifuge traffic
Website Traffic
Visit Website

Website Rating (DR)

65 / 100

0.00%

Ahrefs Rank

180,100

5.08%

Organic Traffic (mo.)

2,690

21.06%

Centrifuge github
GitHub Organization
Visit GitHub

Public repos

Created at Mar 19, 2018

Type

Organization

Centrifuge github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Centrifuge (CFG) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 75,580

Members: 11,870


Live CFG Price Analysis

The current real time Centrifuge price is $0.7580, and its trading volume is $2,627,591 in the last 24 hours. CFG price has grew by 0.47% in the last day, and increased by 8.19% in the last 7 days. It’s important to note that current Centrifuge market capitalization is $372,597,412, Talking about circulating supply, CFG has 491,567,206 coins. Currently, Centrifuge rank on the market is #176.

Centrifuge price today is 70.64% below all time high, and it is 1,361.55% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling CFG are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What is Centrifuge?

The Centrifuge coin or CFG is the native coin of the Centrifuge protocol. The latter is a blockchain network that bridges real-world assets to the world of decentralized finance. It’s powered by Polkadot.

CFG has several use cases. Firstly, it’s used to cover transaction fees on the Centrifuge protocol and paid out to network participants as an incentive for securing the network.

Secondly, CFG serves as a governance token. To put it simply, the Centrifuge coin grants holders voting rights on the development of the Centrifuge protocol.

Most importantly, the Centrifuge coin has its own bridge to Ethereum.

There is a total supply of 425,000,000 CFG coins. This makes the Centrifuge token supply deflationary. To put it simply, this could mean that as the CFG coins become more scarce, the Centrifuge price will increase. CFG coins have been allocated as follows: 

  • 27% - Core Contributors;
  • 17.1% - Total Backers;
  • 11.8% - Centrifuge Foundation Endowment;
  • 10.8% - Development Grants;
  • 9.5% - Community Sale;
  • 8.3% - Early Ecosystem;
  • 7.3% - Rewards & Grants;
  • 7.1% - Community Grants.

In addition, the total supply of CFG coins grows yearly by 3%

On May 26th, 2021, Centrifuge held the first and second rounds of CFG Token Sale. It was hosted by CoinList. There was a limited supply of 17,000,000 CFG coins for every round. This makes up a total supply of 34,000,000 CFG coins for the Token Sale.

Since CFG is a cryptocurrency, its price tends to fluctuate. Keep up with the fluctuations with the help of our tracker above. It will allow you to stay updated on the current CFG price.

What are the Main Features of Centrifuge?

Centrifuge protocol allows users to put their real-world assets through the process of tokenization. In other words, with the help of Centrifuge, these real-world assets are turned into non-fungible tokens (NFTs).

As discussed in the What is Centrifuge section, Centrifuge was built on Polkadot. There are several reasons for this choice, the main one is near-instantaneous low-fee transactions.

Centrifuge operates using a Nominated-Proof-of-Stake (NPoS) consensus mechanism just like the one Polkadot uses. In this case, the CFG coin is paid out to users who participate in securing the network.

Additionally, Centrifuge is one of the first projects to launch a parachain a.k.a. Centrifuge Chain on Polkadot.

Centrifuge uses liquidity from Ethereum. In order to gain access to this liquidity, Centrifuge introduced Tinlake - a decentralized finance dApp powered by Ethereum. At the time of writing, Tinlake is running on Ethereum, however, the team aims to change that in the future by transferring the dApp entirely onto the Centrifuge Chain.

Centrifuge Chain is a public blockchain developed with the help of Parity Substrate. It’s secured via the Proof-of-Stake (PoS) consensus mechanism.

On the other hand, Tinlake facilitates the funding of the initially tokenized real-world assets.

Furthermore, a variety of decentralized finance protocols are integrated into the Centrifuge protocol. The main benefit of this kind of integration is additional uncorrelated collateral which brings down cumulative risks.

One of the primary goals of the project is to transfer monetary value from fiat currencies to crypto.

Who Developed Centrifuge?

The Centrifuge crypto project was launched in 2017. It’s a California-based blockchain company co-founded by entrepreneurs Lucas Vogelsang and Martin Quensel. They serve as the project’s CEO and COO respectively.

Prior to Centrifuge, Lucas Vogelsang founded a variety of companies including the daily deals platform, DeinDeal.ch which was acquired by Ringier, and a communication platform Blue Chocolate Inc.

On the other hand, Martin Quensel was part of the founding team at Taulia Inc. - a financial services provider. This is also where Lucas Vogelsang worked as an engineering manager.

Don't forget to research the Centrifuge price via our tracker before diving into the project.

What's Centrifuge trading volume in the last 24 hours?

CFG has a trading volume of $2,627,591 in the last 24 hours.

What's Centrifuge highest price ever?

CFG has a highest price of $2.58, which was reached on Oct 14, 2021 (2 years 6 months ago).

What's Centrifuge lowest price ever?

CFG has a lowest price of $0.0519, which was reached on Dec 11, 2022 (1 year 4 months ago).

What are the best exchanges for buying and selling CFG?

Currently, the most active and dominating exchanges for buying and selling Centrifuge are Binance, Kraken & Kucoin. The most popular Centrifuge trading pairs are CFG/USDT (on XT.COM ), CFG/USDT (on OKX ), CFG/USDT (on BingX ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping CFG?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Centrifuge. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Centrifuge project's Circulating Supply has been verified and is equal to:

Circulating Supply

491,567,206 CFG

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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