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.
Centrifuge Price Analysis
As of November 24 2024 Centrifuge has a marketcap of $222M.
This is {{percentagefromath}} from its all time high of $2.19.
In terms of its tokenomics, there's a total supply of 557M with 91% currently outstanding.
Keep in mind Centrifuge has a fully diluted value of $244M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
