What is wrapped Centrifuge token?

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.

Centrifuge’s CFG token has a variety of functions across the Centrifuge platform that give it value. CFG is used to pay for transaction fees within the Centrifuge platform . Users pay CFG to node operators for minting NFTs used as collateral on Tinlake and verifying transactions.