Centrifuge OS is an open, decentralized platform to connect traditional invoices and token-based assets on the blockchain , specifically the Centrifuge chain. This blockchain will allow businesses to exchange verified business documents (such as invoices) and tokenize those assets for further financing.
Read moreHow does Centrifuge crypto work?
Centrifuge bridges assets like invoices, real estate, and royalties to DeFi . Borrowers can finance their real-world assets without banks or other intermediaries. Providing liquidity is open to everyone. Investors receive a return in stablecoins plus CFG liquidity rewards.
Read moreWhat is Centrifuge io?
Centrifuge is an open, decentralized operating system to connect the global financial supply chain . It allows participants to transact on a global network while maintaining ownership of their data, including their validated company details, their reputation, business relationships, and subsequent transactions.
Read moreWhat is Centrifuge blockchain?
The underlying Centrifuge blockchain architecture is called Centrifuge Chain. It is a Proof-of-Stake (PoS) blockchain built on Parity Substrate – a platform that allows users to create semi-autonomous distributed blockchain systems on Polkadot (DOT) and Kusama.
Read moreHow many Centrifuge tokens are there?
Tokenomics. The Centrifuge token (CFG) is the native token of the Centrifuge blockchain living on Polkadot with a wrapped version on Ethereum. The token is a governance token that is also used for staking and paying transaction fees. There is a total of 425M CFG tokens distributed to stakeholders as shown below.
Read moreWhat is wrapped Centrifuge WCFG?
Wrapped Centrifuge (WCFG) is an Ethereum token that’s intended to represent Centrifuge (CFG) on the Ethereum blockchain . WCFG is not CFG, but rather a separate ERC-20 token that’s designed to track CFG’s price.
Read moreDoes Centrifuge have a token?
Centrifuge is powered by the Centrifuge token (CFG) , which provides security to the blockchain while allowing holders to pay transaction fees, stake assets, and participate in Centrifuge’s governance.
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