$CREAM CREAM coin is the native token of the Cream Finance platform. Here are some key information:

• Definition and Function:

• CREAM coin is an ERC-20 token built on the Ethereum blockchain. Users receive CREAM tokens when they complete Cream Finance operations (such as lending or providing liquidity).

• CREAM holders can use their tokens to participate in governance and voting rights, such as voting on network governance and receiving a certain percentage of fees from token swaps in CREAM's decentralized exchange (DEX).

• Issuance Information:

• Token distribution is as follows: 10% is allocated to the team and advisors, 10% as seed tokens, 20% is used to incentivize liquidity providers, and 60% is used for governance.

• Main Functions:

• Cryptocurrency Lending: Cream Finance provides peer-to-peer lending services, and users can borrow or lend crypto assets such as BAL, COMP, ETH, USDC, USDT, YFI, etc.

• Token swaps and liquidity mining: Cream Swap is a forked version of Balancer that offers lower transaction fees (0.25%). Users can exchange cryptocurrencies and stake various crypto assets to earn rewards.

• Flash loans: Cream Finance is developing flash loan features to provide developers with more use cases, including democratized liquidation, collateral swaps, and interest rate swaps.

• New governance tokens:

• On August 15, 2021, Cream Finance launched a new governance token, iceCREAM. The original CREAM token now only has a staking function and no voting rights, but early supporters who lock CREAM in a long-term staking plan still have the right to govern with iceCREAM holders.

• Circulation and total issuance:

• According to the latest data, the circulation of CREAM is 1,855,659 CREAM and the total issuance is 2,924,547 CREAM.

As the core token of the Cream Finance platform, CREAM coin not only plays a role in the lending and liquidity mining of the platform, but also involves key functions such as governance and voting. With the development of the Cream Finance platform, the application scope and value of CREAM coin are expected to expand further.