Cream Finance Coin, the native cryptocurrency of C.R.E.A.M. Finance which stands for “crypto rules everything around me”, aims to offer an open and inclusive financial system built on smart contracts. Cream Finance not only focuses on expanding the accessibility of this new financial system to a broader audience through the creation and implementation of smart contracts on EVM-compatible blockchains but also embodies the ethos of decentralized finance.
In this article, we will explore various aspects of CREAM, including Cream Finance Coin, Cream Finance DeFi, Cream Finance Token, how to buy Cream Finance coin, and its availability on Binance.
What is Cream Finance?
Cream Finance is a decentralized peer-to-peer lending platform, independent of the Blockchain, based on a fork of Compound Finance. Cream creates a liquidity bridge among under-served assets by providing algorithmic money markets to these assets. Users can supply any supported asset and use these assets as collateral to borrow other supported assets. Initially launched on the Ethereum Blockchain, Cream was also introduced on the Binance Smart Chain on September 11th.
Cream’s focus is on stablecoins like USDT, USDC, BUSD, yCRV, yyCRV, governance tokens like COMP, BAL, YFI, LEND, CRV, CREAM, MTA, SUSHI, and other tokens related to the DeFi ecosystem such as ETH, LINK, and renBTC.
Additionally, Cream Finance Token serves as a governance token on the Cream platform.
Moreover, since CREAM is built on the Ethereum blockchain, it can leverage smart contracts that can run Ethereum Virtual Machines (EVMs). This setup also allows for better development of the CREAM project compared to other DeFi projects. EVMs also aid community users in developing their decentralized applications (Dapps) on the network.
Furthermore, Cream Finance’s Founder, Jeffrey Huang, believes in the capacity of cryptocurrencies to create an open and inclusive financial system. Huang’s team aims to develop a DeFi ecosystem that connects a multitude of products and services needed by many users today, with the aid of smart contracts.
Cream Coin Commentary
As Cream Finance DeFi is a relatively new project in the platform space, there are comments about continuous new token listings and rapid developments. Additionally, Cream Finance’s constant updates to rewards in liquidity mining pools and transparency in liquidity mining distributions are considered a positive feature.
Also, the price chart of Cream Finance Coin appears volatile, which can be interpreted as a sign of investor interest in the Cream Finance coin.
Where to Buy Cream Coin?
For those wondering “how to buy Cream Finance coin”, it’s beneficial to first look at current figures.
At the time of writing, the Cream Finance token, trading at 62.55 USD, has a market capitalization of 9,377,793 USD and is ranked 495th according to CoinMarketCap data. There are currently 149,928 CREAM in circulation, with a maximum of 9,000,000 CREAM expected.
In addition, the historical highs and lows of CREAM are significant. Charts show that the Cream Finance token reached its highest level at 163.89 USD on September 19, 2020, and its lowest at 9.24 USD on August 7, 2020.
Buy Cream Coin
CREAM can be purchased through Binance, the world’s largest cryptocurrency trading platform with the highest trading volume.
