What is the issuance price and issuance volume of Centrifuge(CFG) coins?

The Centrifuge platform's native token, CFG, was issued at a price of $0.50, with an issuance volume of 24 million tokens.

Dec 08, 2024 at 08:30 pm

What is the Issuance Price and Issuance Volume of Centrifuge(CFG) Coins?

Centrifuge is a decentralized platform that allows businesses to access financing by tokenizing their real-world assets. The platform's native token, CFG, is used to pay for transaction fees, participate in governance, and provide collateral for loans.

Issuance Price

The issuance price of a token is the price at which it is first sold to the public. In the case of CFG, the issuance price was $0.50. The token was sold in a public sale in October 2020, and raised a total of $12 million.

Issuance Volume

The issuance volume of a token is the total number of tokens that are created and sold to the public. In the case of CFG, the issuance volume was 24 million tokens. Of these tokens, 12 million were sold in the public sale, and the remaining 12 million were reserved for the team, advisors, and other early contributors.

Token Distribution

The following table shows the distribution of CFG tokens:

Group	Tokens	Percentage
Public sale	12,000,000	50%
Team and advisors	6,000,000	25%
Reserve	6,000,000	25%

Token Use Cases

CFG tokens have a variety of use cases within the Centrifuge ecosystem, including:

Transaction fees: CFG tokens are used to pay for transaction fees on the Centrifuge platform.
Governance: CFG tokens can be used to participate in the governance of the Centrifuge platform. Holders of CFG tokens can vote on proposals that affect the future development of the platform.
Collateral: CFG tokens can be used as collateral for loans on the Centrifuge platform. This allows businesses to access financing without having to put up traditional forms of collateral, such as real estate or equipment.

Token Economics

The following table shows the key token economics of CFG:

Metric	Value
Token name	CFG
Token symbol	CFG
Blockchain	Ethereum
Token standard	ERC-20
Total supply	24,000,000
Circulating supply	12,000,000
Market cap	$6,000,000

Conclusion

CFG is a utility token that plays a vital role within the Centrifuge ecosystem. The token has a variety of use cases, including paying for transaction fees, participating in governance, and providing collateral for loans. The token's issuance price was $0.50 and the issuance volume was 24 million tokens.

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