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What is Cream Finance (CREAM) coin and how does it work?

by Financial Economy

Cream Finance Coin is the native cryptocurrency of Cream Finance, whose motto is “crypto rules everything around me”. Cream Finance aims to provide an open and inclusive financial system built on smart contracts. Information about some topics that what is Cream Finance (CREAM) coin, how does it work, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about dForce (DF) coin.

What is Cream Finance (CREAM) coin and how does it work?

Cream Finance is a blockchain-independent, decentralized peer-to-peer lending platform based on a fork of Compound. Cream provides a liquidity bridge between underserved assets by providing algorithmic money markets to underserved assets. Users can procure any supported assets and use these provided assets as collateral to borrow other supported assets. Cream is launched on the Ethereum network.

CREAM’s focus is on tokens relevant and important to the DeFi ecosystem, such as stablecoins (USDT, USDC, BUSD, yCRV, yyCRV, etc.), governance tokens (COMP, BAL, YFI, LEND, CRV, CREAM). is to list them. CREAM tokens act as management tokens for C.R.E.A.M.

What does Cream token do?

The CREAM Finance (CREAM / Crypto Rules Everything Around Me) project started with the vision of building a financial system that is more accessible than its traditional counterparts. Hence, CREAM has created an ecosystem that can be interconnected with other Ethereum platforms to efficiently provide a range of services to its users.

The liquidity mining trend, which is currently the most talked about aspect of the decentralized finance (DeFi) space due to its potential high returns, has also helped establish the popularity and foundation of CREAM in this space.

Cream coin founders!

Founder of CREAM Finance is Jeffrey Huang.

Cream Finance features!

CREAM Finance is a DeFi ecosystem focused on providing lending, clearing, payment and asset tokenization services. Since September 1, 2020, CREAM has migrated to Binance Smart Chain (BSC) to take advantage of the throughput and cost-effective service available only on BSC and other similar chains.

Which exchange is CREAM coin on?

Cream Finance coin is listed on some cryptocurrency exchanges such as Binance, Bybit, FTX, KuCoin, Hoo, etc.

How to buy CREAM coins?

Cream Finance coin can be purchased from listed cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

CREAM coin supply!

Total supply of Cream Finance coin is 2.925.000 CREAM.

CREAM coin price!

As of May 29, 2022, at the time of the writing, 1 Cream Finance coin price is around $22,33 (because of the volatility the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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