Introduction to CFG Cryptocurrency
CFG (Centrifuge) is a cryptocurrency with economic primitives and native tokens, mainly used in the Centrifuge network. Centrifuge is a network that provides fast and low-cost funding for small and medium-sized enterprises, while offering stable returns to investors.
Main Features:
- Centrifuge Network: A network that provides fast and low-cost funding for small and medium-sized enterprises, offering stable returns to investors.
- Tinlake: Centrifuge's investment application, acting as an open market for real-world asset pools, where investors can view and invest in suitable asset pools.
- Centrifuge Chain: A Substrate-based PoS blockchain where users can bring their assets onto the chain in the form of non-fungible tokens (NFTs) to unlock financing.
- Token Utility: CFG incentivizes validators by staking through a nominating proof-of-stake consensus algorithm, and provides incentives for the adoption of Centrifuge. CFG token holders guide the development of Centrifuge through on-chain governance.
Summary: CFG is the native token of the Centrifuge network, used to promote the adoption and governance of the network, offering stable returns and financing opportunities.