What is Cream Finance (CREAM)?
Cream finance is a decentralized lending platform that enables individuals, institutions, and protocols to access financial services. C.R.E.A.M stands for Crypto Rules Everything Around Me. The native token of the platform is CREAM. It supports the network's operations and offers users various earning opportunities. You can check the CREAM price on the live Cream Finance price chart above.
Crime Finance is blockchain agnostic, meaning it allows building or running operations from different underlying blockchain technologies. As the platform is a multi-chain and open-source, it serves users on Ethereum, Binance Smart Chain (BSC), Fantom, and Polygon.
Moreover, Cream Finance provides liquidity to DeFi assets through Automated Market Maker (AMM). It enables users to borrow digital assets or lend their supported tokens to earn mining rewards. In turn, the network collects fees for swaping, lending, and borrowing services from the users.
The platform aims to list digital tokens that are highly significant to the DeFi sector. Some of the targeted assets include the leading stablecoins such as USDT, BUSD, and USDC, or governance tokens such as COMP, YFI, BAL, CREAM, LEND, and CRV. Besides, the platform also supports leading cryptocurrencies such as ETH, LINK, and renBTC.
Besides, Cream’s smart contracts are compatible with the Ethereum Virtual Machine (EVM), which enables users to create DAOs for its community. Through this feature, the network ensures better composability, meaning developers can plug various financial services into one another.
Lastly, it's important to note Cream Finance is a part of the yearn.finance (YFI) ecosystem.
Use Cases of Cream Finance token (CREAM)
The CREAM token follows the ERC-20 token standard and runs on the Ethereum network. It powers the entire Cream Finance ecosystem.
CREAM token holders can stake their tokens to receive rewards. Also, users can utilize platform features such as Cream Finance Swap to invest their CREAM tokens and earn. Cream Finance Swap rates are determined by the current/ongoing size of the pools, instead of the centralized rate cards.
Additionally, the CREAM coin is also a governance token, which enables holders to vote on various decisions like what assets should be listed or removed from the platform.
If you plan to invest in Cream Finance coins, make sure to thoroughly analyze the Cream Finance price chart above. Knowing the current and the previous CREAM price will help you to make more informed purchasing decisions.
Who Founded CREAM Finance?
Jeffery Huang and Jeremy Yang are the co-founders of Cream Finance. Jeffery Huang has extensive experience in crypto projects, having pioneered crypto-based products and services. For example, he created the Ethereum-based social media platform Mithril (MITH). He also led the creation of another social media platform in Taiwan, which saw 42 million users on board. The entire team led by Huang is highly active, working together to ensure they meet the project’s goals.
Tokenomics of CREAM
CREAM has a maximum supply of 2,924,547 tokens. This fixed supply will ensure the scarcity of the token as more people adopt it. This is designed to drive Cream Finance price up, following the common demand and supply principle. The token was allocated as follows:
- Team and advisors – 10%
- Seed funding – 10%
- Incentives for Liquidity providers – 20%
- Network Governance – 60%
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
81.02K
Followers: 81,020
0.11%
Following
54
0.00%
Posts count
1,583
0.06%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
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Subreddit type
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Moderators
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These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
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Title
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These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
52 / 100
3.70%
Ahrefs Rank
515,314
24.14%
Organic Traffic (mo.)
161
2.03%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
39
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
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Watchers
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Forks
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Cream Finance hot topics
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@CreamdotFinance posts