Legitimate Project on Polkadot Series #8

Centrifuge - Unlocking liquidity for real world assets.

The untapped multi-trillion dollar market of real-world assets (RWA) is now entering DeFi through Centrifuge: the first protocol to connect DeFi to the real-world

1. Centrifuge has received Web3 Grants

Having received a grant is a strong indicator that a project is legitimate, & until now Centrifuge has received & completed 2 grants from W3F for “Substrate Go API client” & “Substrate / Ethereum Bridge”. https://t.co/N553MNMd9s?amp=1

2. Active Development

In one month, 7 authors have pushed 2 commits to master and 42 commits to all branches in Centrifuge-chain. https://t.co/eHwJ3n9TtK?amp=1

3. Open source Centrifuge is an open source project. Check their Github:

https://t.co/1pDYrQ4fWV?amp=1

4. Whitepaper Centrifuge has a well-written, detailed document that focuses on Centrifuge chain, Tinlake, P2P Node, NFTs,...Read their whitepaper at

https://t.co/Kj9W7zwnlG?amp=1

5. The Centrifuge team consists of alumni of many of the world’s leading organizations, including Consensys, Electric Coin Company, Parity, Goldman Sachs, Credit Suisse, SAP, Microsoft, Deloitte, United Nations, Federal Reserve, & more

See their team at https://t.co/o8FKzTpERq?amp=1

6. $CFG is built on Substrate but the Dapp is bridged to $ETH. This gives CFG an edge on accessing 2 of the biggest ecosystems: one for DeFi liquidity (ETH) & one for speed (DOT). $CFG is used for staking, paying transaction fees & in governance.

https://t.co/RQPFmnAhuX?amp=1

7. Centrifuge aims to be a parachain & has successfully tested on Rococo as a parachain named Chachacha before moving over to

Kusama Network and eventually Polkadot. https://t.co/d9KRxaGwXS?amp=1

8. Centrifuge has finished their token sales on Coinlist on May 31, 2021.

https://twitter.com/PolkaWarriors_/status/1394555543717498882

9. Centrifuge has just introduced its Kusama Parachain: Altair Network. This is a chain built for risk-takers and innovators daring to push the limits of DeFi.

https://twitter.com/DotMarketCap_/status/1395426238160728067

10. Read more about Centrifuge on DotMarketCap:

https://t.co/XhWHykewFS?amp=1

11. Read more about Altair Network on DotMarketCap:

https://t.co/K1Chy1ZAmp?amp=1