Cream Finance price is $182.32
The current price of Cream Finance (CREAM) is $ 182.32, which has increased over the past 24 hours with a change of +0.39%. This reflects the latest market movements and could be an indicator of the token's recent volatility.
Cream Finance (CREAM) is a decentralized finance (DeFi) platform that offers a range of financial services, including lending, borrowing, and exchange, within the cryptocurrency market. It was designed to operate within the burgeoning sector of finance that utilizes blockchain and smart contracts to offer traditional banking services without the need for intermediaries.
The founding team of Cream Finance is not publicly disclosed in generic crypto information databases. As with many DeFi platforms, it may have started with an anonymous or pseudonymous team, or by a group of developers with backgrounds in blockchain and Decentralized Finance. If precise details are needed, it may require specific research into the project’s initial announcements or updates from the development team.
Cream Finance works by enabling users to supply and borrow assets through its various financial products. When users supply an asset, they earn interest, and when they borrow, they pay interest. The platform uses smart contracts on the blockchain to automate these processes, removing the need for traditional financial intermediaries.
Cream Finance's uniqueness lies in its attempt to provide a comprehensive DeFi solution by integrating various services like lending, borrowing, and token exchange in one platform. Additionally, the platform’s governance is maintained through a decentralized autonomous organization (DAO), where CREAM token holders can vote on proposals, influencing the direction and updates of the project.
As a DeFi platform, Cream Finance is built on the blockchain, which means it utilizes cryptographic algorithms to ensure security. The security of the network largely depends on the integrity of the underlying blockchain protocol it operates on. Additionally, smart contract audits are a significant aspect of Cream Finance’s security measures, aiming to ensure that the code governing its operations is secure against potential exploits.
The circulating supply of Cream Finance (CREAM) is 0.6M, while the total supply is known to be 9.0M. The circulating supply reflects tokens that are currently available for trading, while the total supply includes all coins that exist presently and those that may be created in the future.
The market capitalization of Cream Finance (CREAM) currently stands at $ 112.4M, ranking it at number #1 in terms of market cap among all cryptocurrencies. Market capitalization is calculated by multiplying the current market price by the circulating supply of tokens.
You can purchase Cream Finance (CREAM) on several cryptocurrency exchanges. The specific exchanges that currently offer CREAM are . It’s crucial for investors to use reputable exchanges and undertake their own due diligence when buying or transferring cryptocurrencies.
Keeping your Cream Finance (CREAM) tokens safe involves practicing proper digital asset security measures. This includes using secure wallets, such as hardware wallets for large holdings or reputable software wallets, enabling strong passwords, two-factor authentication, and maintaining good overall cyber hygiene. Always make sure to keep your private keys private and never share them with anyone.
Remember that while this information provides a snapshot of Cream Finance, it's essential always to perform thorough research and exercise due diligence before engaging in any cryptocurrency transactions.
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