Cream Capital Develops ERC-223 Token Backed by US Dollar, Co-Founded by Wu-Tang Clan Member Ghostface Killah
Cream Capital is a blockchain payment systems company ushering in a new era of widespread cryptocurrency adoption. We believe that the biggest hurdles cryptocurrencies face today are transactability and accessibility. We are developing Cream Cash ($CREAM); an ERC-223 token in 1:1 synchronization with the value of the United States dollar. Supporting the ecosystem is the ERC-223 token Cream Dividends ($CDV) to ensure a degree of value growth for Cream Cash holders, a nationwide cryptocurrency ATM network, Cream Cash integration with debit cards for use at any point-of-sale system accepting cards as a method of payment and the Cream Digital Asset Exchange (C-DAX) allowing free-trading of cryptocurrencies.
Our team is made up of distributed systems developers, marketers, real estate investors, former Fortune 500 CEOs, celebrities, and more. At our core, we are all avid cryptocurrency enthusiasts and adopters. We have the combined background and experience necessary to bring Cream Capital products and technologies to market in an efficient manner.
Our cryptocurrency ATM network is currently operational and serving customers in North Carolina. Our distribution network contains more than 800 locations ready for ATM deployment across California, Nevada, Texas, North Carolina and more. By 2020, we intend to capture more than half of the global cryptocurrency ATM market and make cryptocurrencies more accessible to the general public than ever before.
We will hold a token sale on November 11th, 2017 at a 103,093 ETH crowdfunding target. Cream Dividends tokens will be issued in the sale and available for trading to provide adopters the value growth traditionally sought in token sales. There are 100,000,000 CDV that will ever exist of which 40% will be available for sale at 0.0025 ETH per token. 6% of the total CDV supply will be reserved for the founding team and 2% will be reserved for advisors. The remaining supply will be issued by our Proof-of-Trust consensus algorithm. We intend to use $4,000,000 worth of ETH to provide immediate liquidity to C-DAX and Cream ATM.
Crowdsale funds will be used to rapidly expand the number of cryptocurrency ATMs in operation, fuel research and development, hire the appropriate staff to service all Cream Capital systems, establish a strong legal framework for which we can operate in further compliance with regulatory bodies and bring more legitimacy to the crypto space overall. Cream Capital is fully compliant with FinCEN and is a registered Money Service Business.