Centrifuge

Halal Rating :
Comfortable
Last Price $0.19 Last updated:
Rank 373
1D Change 7.95 %
Market Cap $101.73m
Circulating supply 523,243,266
Maximum supply None

Crypto Overview

Categories
  • Ethereum Ecosystem
  • Substrate
  • Polkadot
  • Polkadot Ecosystem
  • Moonbeam Ecosystem
  • Real World Assets
  • Sei Ecosystem

Purpose and Utility

Centrifuge is a decentralized finance (DeFi) protocol designed to connect real-world assets (RWA) to DeFi lending markets. The CFG token serves as the protocol's governance token, allowing holders to participate in decision-making regarding protocol parameters, upgrades, and resource allocation.

Business Model Analysis

The core business model revolves around tokenizing real-world assets like invoices, real estate, and other physical assets, making them accessible for DeFi financing. Token holders can participate in governance and stake CFG to secure the network. The protocol generates value through facilitating real-world asset financing and creating a bridge between traditional finance and DeFi.

Real-World Adoption

Centrifuge has established partnerships with several traditional financial institutions and has successfully tokenized multiple real-world assets. The protocol has processed significant volumes of real-world asset transactions, demonstrating practical utility beyond speculative trading.

Platform Development

The project maintains active development with regular updates to its protocol. The team consistently releases technical improvements and new features, showing commitment to building long-term infrastructure.

Token Distribution

The token distribution includes allocations for team members and early investors with standard vesting periods. The project maintains transparency regarding token allocations and vesting schedules.

Rating Justification

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Comments

2 Comments

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Z zeineddinesaid | 11 months ago

as per the sharlife and coinmarketcap: CENTRIFUGE they dealing with borrowing and lending as almost the main part. correct me if i'm wrong.


A adelaboalanien | 10 months, 3 weeks ago

We have updated the rating, thanks for pointing out.

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