Review on Cream Finance by Douglas Cachazo
Cream Finance CREAM: P2P loan financing platform
Project launched by a Taiwanese business group based on the Ethereun chain of blocks with its token type ERC-20 anyone can access exchange of assets, lend or borrow by putting digital assets as collateral, you can also bet based on a period of time in that sense should be cautious because the amount bet will only be available along with its reward at the end of the period, all automated and without the possibility that administrator can unlock the amounts.
The project is still under development and there is no formal platform available yet. At the moment it is divided into two websites, one with the operational part, which is very basic and unattractive and a second website with information about the project, in the future should have a unified web portal more complete and attractive to the user.
At the moment it is mainly operational in European countries where it has operational headquarters such as Spain, Denmark among others, except Mexico where it also operates.
Since these are P2P transactions without the intervention of third parties, the protocol controls that in order for the loan to take effect, the person requesting the loan must have deposited an amount in cryptomonies that is greater than the amount requested. So that it is taken as a guarantee.
At the time of writing this review, your token has a high value of around 50 dollars, with a certain upward trend. You can purchase your token through Uniswap or Binance, among others.
Pros
- Promising platform to manage loans
- It is supported by the Ethereum block chain
- Solid Token with an upward trend
Cons
- Long time in beta
- Must consolidate a single website that supports the operational and informational part
