Cream Cash is our flagship token that maintains a 1 to 1 value synchronization with US dollars. 1 CASH = 1 USD.
Cream is a way for Cream Capital to reward those who choose to stake their Cream Cash in our ecosystem. It’s a separate token interconnected with Cream Cash and could grow in value depending on company performance. Cream does not represent equity or shares in Cream Capital.
Cream Cash has an uncapped, fluctuating token supply. When money enters the market, the token supply is updated and tokens are then generated and deposited into the user wallet. Depositing one dollar worth of Ether with Cream Capital will result in one token being issued. When converting tokens back to Ether, the tokens in question are then destroyed. In doing so, the number of tokens always reflects the number of dollars currently in the market and ensures the value of tokens remains in 1:1 synchronization with US dollars.
We’re creating a 1:1 cryptocurrency because market volatility is scary for investors and vendors. It’s risky to accept a token that can drop 20% in value the day after you acquire it. A solution to volatility is a step in the right direction towards widespread adoption of cryptocurrencies.
Tokens are issued by a smart contract. When funds are deposited with Cream Capital, tokens get issued in return. When funds are withdrawn from Cream Capital, tokens get destroyed. Tokens are generated by purchasing them on-location at Cream ATMs across the United States or online through the Cream Digital Asset Exchange.
Cream Cash can be purchased using Ether.
Consumers are tired of the old system. Cryptocurrencies are a fight between old money and new money. People are tired of banks being able to control how they can or can’t use their funds and they prefer a system of complete financial freedom. Financial freedom not necessarily in the sense of being extremely wealthy, but rather in the sense that they can exchange value anywhere at anytime in any matter they so choose.
Cream Cash offers people the capability to do just that in a way that allows them to easily visualize the value of funds exchange by staying 1:1 with USD and provides a platform to manage money from anywhere in the world.
Our token ecosystem features a staking mechanism designed to reward CASH holders with CREAM. The longer CASH holders utilize this feature, the higher percentage of rewards that get issued.
By limiting the total supply to 100,000,000 and strategically issuing dividend tokens in contrast to the uncapped token supply of Cream Cash, widespread adoption of Cream Cash will ultimately lead to the increase in value of Cream tokens. The issuance of Cream is entirely dependent upon and scales in proportion to its market cap.
To generate Cream tokens, token holders must lock Cream Cash holdings into the network for various staking periods. Staking periods can range from days, to weeks, to months to even years with each time period offering different payout incentives in dividend tokens. The longer token holders lock Cream Cash into the network, the larger the payout that is issued in dividend tokens when the staking period ends.
Token holders that choose to lock their Cream Cash into the network have the option to unlock their tokens before the staking period ends, but will incur a small fee by doing so.
We cannot protect investments from losing value and we would never make such a guarantee. ERC223 is the token standard our ecosystem runs on and prevents investors from sending funds to a smart contract that is not ready to receive funds. This is a major ERC20 flaw that we are fixing in our token sale as approximately $400,000 sit in limbo from ERC20 token sales.
The Cream Ecosystem inherits the consensus algorithm of the Ethereum blockchain. After the Metropolis fork, it will function as a hybrid Proof-of-Work/Proof-of-Stake ecosystem.
$CASH and $CREAM do not represent shares, stock or equity in Cream Capital. They are both cryptocurrencies. However, $CASH has an uncapped, fluctuating token supply and is a 1:1 token where $CREAM follows in the footsteps of traditional cryptocurrencies with a 100,000,000 total supply that can increase in value over time.
In order to meet key company milestones, it is important that the necessary funds are in place to ensure that manufacturing, liquidity, research and development, and service costs can be properly covered.
$10,000,000 – Projected funds to launch ATM network in the United States
$10,000,000 – Projected funds to launch ATM network globally
$1,500,000 – Projected funds needed to establish a strong legal framework
$2,500,000 – Projected funds to hire appropriate staff for C-DAX development
$3,000,000 – Projected funds for pure cryptocurrency debit card integration
$3,000,000 – Projected funds to provide liquidity to our exchange/ATM network
Token sales are not illegal, but have faced scrutiny from regulators such as the Securities and Exchange Commission. Cream Capital intends to set new standards for token sales in the future by working regulators to ensure that our token sale is held in a lawful manner that brings value to our customers.
We currently have six machines operational in North Carolina. However, we have more than 800 locations in our distribution network that are ready to have Cream ATMs installed.
Right now we only support Bitcoin. However, we are adding support for Cream Cash, Cream, Ethereum, Litecoin, Dash and Zcash.
Digital exchanges in their current state are inefficient in their time-to-wallet transfer times. They aren’t limited due to network hashrate hiccups, but more typically slow verification processing timeframes. Digital exchange verification can take a while to process before customers can purchase funds. With the introduction of Cream ATMs customers can simply walk up to a machine, scan their government issued ID in states that require it, scan a wallet address and deposit funds.
The time-to-wallet timeframe at a Cream ATM takes seconds — not days, weeks, or months.
The Cream Digital Asset Exchange is a payment gateway that allows consumers to purchase Cream Cash online. We believe that while Cream ATMs are a great way for the general population to acquire Cream Cash and various cryptocurrencies, the construction of an online exchange for purchasing and trading is completely necessary in the expansion of the Cream Ecosystem.
While C-DAX will initially be a means of acquiring Cream Cash, we are definitely chewing on the idea of turning it into a fully-fledged cryptocurrency exchange. The timeline for such an expansion is currently unknown as we are currently focusing on manufacturing ATMs for all locations in our distribution network.
Ghostface Killah serves as a vessel to increase brand awareness surrounding Cream Capital and cryptocurrencies. He plays a very active role in the day-to-day business operations and direction of the company. He understands the fundamentals of blockchain technology and the importance and gravity of the technology. He is not a random celebrity that is lending his name to a project. Wu-Tang is for the children and the children will use the blockchain.