Centrifuge
Altair
- 20% of CFG will be available to transfer immediately
- 80% of CFG will vest linearly over a 96 week period
- 5% bonus if you contributed to Altair crowdloan
- 5% bonus if you contribute more than 5 000 DOT
- 10% bonus if you contribute DOT in the first 72 hours
- 10% ref bonus (split 5% to referrer & 5% to referred)
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_cr.png "AU21 Capital")
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This week Jorrin Bruns (Support Engineer, Parity Technologies) is joined by Cassidy Daly, token design and research specialist at Centrifuge, a Substrate-based blockchain that recently won a parachain slot on Polkadot. Centrifuge aims to bring an archaic financial system into the Web3 space, enabling users to unlock financing for their real world assets by bringing them on-chain.
Daly describes why the team chose Substrate to build Centrifuge and its canary network Altair, and why Centrifuge became a Polkadot parachain: to reconcile issues with Ethereum including scalability and fees, and the difficulty in maintaining an ETH bridge. They also discuss bringing the Tinlake DApp from Ethereum over to Centrifuge to tap into the specialization between interoperable parachains and drive efficiencies, lower the cost of financing and guarantee the custody and ownership of physical assets on-chain.