Cream Finance (CREAM) is a platform that offers a cryptocurrency and DeFi protocol. Launched as a hard fork of Compound Finance, CREAM uses Balancer Labs infrastructure for trading operations.
Emphasizing that DeFi applications will suffice for everything in the cryptocurrency sector, CREAM is an open-source and permissionless peer-to-peer cryptocurrency focused on blockchain. It transitioned to the Binance Smart Chain network using the YOLO liquidity pool.
CREAM token holders can buy and sell tokens using the platform, make cryptocurrency-backed loans, change their assets, and vote for network changes.
The founders of CREAM Finance are Jeffrey Huang and two anonymous individuals. Huang previously developed the recognized Mithril cryptocurrency project.
Token distribution has been explained as follows: 10% is for the team and advisors, 10% is for core funding over four years, 20% is for liquidity provider incentives, and 60% is set aside for use by the community.
CREAM is the native cryptocurrency of the Cream Finance platform. On the platform, various cryptocurrencies can be exchanged with CREAM. At the time of writing, Cream Finance Coin is valued at $110 and ranks 321st. Cream Finance suffered a significant attack at the beginning of 2021.
To buy CREAM Coin, Binance, one of the world’s largest cryptocurrency exchanges, can be used. Binance’s listing has led to a significant price increase for Cream.