Cream Finance CREAM
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Short Review Cream Finance
Crypto project Cream Finance (CREAM) is classified as a DeFi. Cream Finance is a Utility token that is hosted on the Ethereum Network. The current total supply is 9.00 M CREAM (Circulating Supply + Tokens yet to be released - Burned Tokens).
(CREAM)
CREAM Price Chart
Cryptocurrency Cream Finance (CREAM)
CREAM is a cryptocurrency CREAM Financial project designed to simplify financial services. The platform provides its users with complete anonymity, transparency and security. It was implemented on the Ethereum, Binance and Fantom blockchains. The main global goal of the CREAM Finance project is to improve the efficiency of the entire crypto market. The platform provides the opportunity to lend and take crypto assets as collateral. It also provides liquidity to DeFi assets through the use of AMM. The platform charges a commission for this. In turn, for each transaction on the platform, users receive a reward for mining liquidity in CREAM tokens. Holders of CREAM tokens who stake them can also make a profit.
History of the Cream Finance project
The CEO of CREAM Finance is Taiwanese entrepreneur Jeffrey Huang. He already has experience in the crypto industry, including as a developer. He is the founder of the Mithril (MITH) cryptocurrency. In addition, he is the author of a huge number of informative articles on Medium.
CREAM Finance was launched in 2020. There was a big advertising campaign before its launch. It was said that the project absorbed all the best features of similar protocols on the market, it was expected that CREAM would expand the capabilities of the crypto market and take it to a new level, and as a result had a bright start.
Advantages of Cream Finance
- Multi-tool. Many credit services and tools for comfortable work and interaction with the platform. < li> Staking. CREAM Finance allow users to earn income by receiving rewards for staking.
Disadvantages of Cream Finance
- Long token lock. Users receive rewards for staking CREAM tokens in their wallets, but the maximum benefit can be obtained after 4 years of staking.
- Unclear token distribution. CREAM tokens are distributed as follows: 60% are reserved for platform management, 20% for the core team, 10% for complex financing, and 10% belong to the original investors. Thus, most of the tokens are allocated for governance, but the exact number of tokens for liquidity pools, for borrowers, lenders, etc. is not specified. This makes it difficult to understand how many tokens are available in each area.
