CREAM Tokens Burned

It is done. Yesterday we announced the CREAM burn of 67.5%, or 6,075,000 CREAM tokens. This has just been executed, with the burn amount sent to the 0x0…dEaD address in this transaction.

After this burn, the total available supply has reduced from 9,000,000 to 2,925,000 tokens, with the current circulating supply at ~400,000. CREAM token distribution and emission schedule is as follows:

Token Treasury

With the announcement of our creamY AMM today, we plan to incentivize the three launch liquidity pools to ensure sufficient liquidity for the exchange to operate optimally for the next four years. Remaining tokens in the treasury will be used for liquidity incentives for future projects and funding for C.R.E.A.M., to be decided by our governance.

Upcoming DAO Plans

We have engaged Raid Guild to bring up the main C.R.E.A.M. DAO soon, and will update at major milestones. Current leading candidates are the Compound governance framework and the burgeoning Moloch V3 framework.

Onward!

The burn is behind us. We’ve celebrated. It is time to get back to work, building our products and the governance platform. Thanks again to everyone in the community for voicing your opinions. Please keep the great, constructive feedback coming.

C.R.E.A.M. DAO
Crypto Rules Everything Around Me, C.R.E.A.M.

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