Centrifuge

Halal Rating :
Comfortable
Last Price $0.73 Last updated:
Rank 180
1D Change -0.03 %
Market Cap $362.77m
Circulating supply 494,058,562
Maximum supply None

Crypto Overview

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

The centrifuge token model powers centrifuge, providing the framework needed to run the platform without reliance on a single point of failure, including the centrifuge team or Company, and to accelerate its utility. To accomplish this, centrifuge leverages the cryptoeconomic primitives of a native token called the centrifuge token (cfg), a nominated-proof-of-stake consensus algorithm that employs centrifuge to stake value, rewards for centrifuge adoption, and an on-chain governance mechanism that empowers centrifuge holders to guide the development of centrifuge.

Crypto Impact

To assign a comfort level investing in Centrifuge from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Centrifuge.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating