Centrifuge Price

Centrifuge is a decentralized finance protocol built on the Polkadot blockchain, specifically crafted for the tokenization of real-world fixed-income assets. These assets encompass a variety of financial instruments, including invoices, royalties, and mortgages.

At the core of the Centrifuge ecosystem is the $CFG token, which serves multiple fundamental purposes. As the native governance token, it enables holders to participate in crucial decisions regarding the development and policies of the Centrifuge network. Additionally, $CFG facilitates staking, allowing users to earn rewards for contributing to the network’s operations, and it is utilized for transaction fees on the platform.