CreamPYE Launches New Token To The Crypto Community
PHOENIX, April 30, 2021 (GLOBE NEWSWIRE) – The cryptocurrency ecosystem no doubt comes with lots of excitement and opportunities. With so many projects on the blockchain, crypto enthusiasts have the opportunity to diversify their investment portfolios.
To disrupt the present-day decentralized marketplace, the team behind CreamPYE pushing its bar with the token, PYE. CreamPYE is available on PancakeSwap exchange for a purchase. At the moment, there are over 5,000 holders of the token and increasing rapidly after being released only sixteen days ago.
With the boasts of thousands of people in their Telegram channel. CreamPYE is leading a campaign against hunger. The project is proud to present the first donation to Action Against Hunger.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9cdb2df2-27c9-448d-8c9a-6b7041da8a9b
CreamPYE Token
CreamPYE has a native token with the symbol PYE. This token will be used in conjunction with all PYE platforms on the CreamPYE protocol. Users can also use this token to pay for transaction fees when they are on the CreamPYE network.
Tokenomics
CreamPYE intends to develop a movement to disrupt cryptocurency offerings while giving back to the communities worldwide that need it most. As such, the movement will give back through charities and community outreach all over the world. Find below the details of CreamPYE tokenomics:
Total minted PYE tokens - 1,000,000,000,000,000
PancakeSwap Initial Pool – 600 Trillion staked with liquidity on PanCakeSwap DEX exchange.
Fair Launch – 300 Trillion Team Tokens Burned before launch
Why Participate In The CreamPYE Project?
CreamPYE is an innovative blockchain-powered project that seeks to disrupt the current decentralized marketplace. Below are some reasons why crypto enthusiasts prefer CreamPYE over other blockchain-powered projects:
Transparency
The team at CreamPYE believes that project users are the most valuable assets any brand can boast of. All activities at CreamPYE are done transparently. The company transparently discloses the team, processes, and plans to everyone so people can make informed decisions regarding PYE and its potential.
Growth Driven
Unlike other startup projects on the blockchain, CreamPYE is growth-driven. The project is also sustainable. The team plans to create top-notch tech platforms within the CreamPYE protocol.
Community Focused
CreamPYE is community-focused. The team plans to create a community where members will have a voice and be part of the project even when it blossoms. CreamPYE is seeking to partner with interested members of the community to reach out to the less privileged and stop hunger problems.
About CreamPYE
CreamPYE is the future of decentralization. The project is built to impact humanity and also make decentralized technology available to crypto enthusiasts with less friction than exists today. CreamPYE will also build a one-of-its-kind decentralized exchange named PYESwap, a CEXDEX, which will give other exchanges a run for their money. According to the team at CreamPYE, they plan to partner with industry leaders to further develop PYE to become the best user experience of any protocol.
CreamPYE parades a team of competent and experienced personnel. The team joined hands to attack the project from all directions. The team comprises developers, entrepreneurs, financial experts, and business executives. Most households across the world have purchased products and services associated with CreamPYE. You can even meet the team on the project’s YoutTube channel online.
Crypto enthusiasts can enjoy Marketplace Mining on the PYESwap, PYE NFT Marketplace and additional platforms to be added by PYE. Marketplace Mining allows users to earn additional PYE tokens every month just by engaging with PYE platforms.
Social links:
Telegram: https://t.me/creampyetoken
Twitter: https://twitter.com/creampyetoken
Facebook: https://www.facebook.com/creampyetoken
YouTube: https://www.youtube.com/channel/UCxzjXyEBaKdVH3Rhm5vmd-w
Media contact:
Company: CreamPYE
Contact Name: Bill Spata
E-mail: service@CreamPYE.com
Lack of clarity: ICICI Bank shuts out crypto trades
Lack of clarity: ICICI Bank shuts out crypto trades
Payment gateway firms, acting as vital third-parties, are the link for transferring funds from a customer’s bank account to the payment portal of merchants.
Synopsis
ICICI Bank’s online services can no longer be used to deal with crypto-currency exchanges and other entities which may be facilitating crypto trades.
Visa’s CEO on Crypto: “This Is a Space We Are Leaning Into in a Very, Very Big Way”
Cryptocurrency traders were agog last August when prices for the digital token serum (SRM) jumped 10-fold on its first day of trading after being listed on Binance, the world’s largest cryptocurrency exchange by volume.
But another 10-fold increase since then is sparking a new wave of speculation among digital-market analysts over the token’s future – apparently tied to the growing popularity of the affiliated decentralized exchange Serum, which is built on top of the Solana blockchain, and championed by Sam Bankman-Fried of the FTX crypto exchange and Alameda Research trading firm.
Prices for the SRM token shot up Tuesday to an all-time high of $11.13, according to the data firm Messari. The market capitalization now sits around $500 million, well below the $22 billion for the leading decentralized exchange Uniswap’s UNI token but still enough to turn heads. As of press time, SRM was changing hands at around $9.27.
Related: Visa’s CEO on Crypto: “This Is a Space We Are Leaning Into in a Very, Very Big Way”
Some analysts have attributed the recent success of the Serum project and Solana blockchain to their association with Bankman-Fried, who garnered headlines recently for his $135 million deal to name the basketball team Miami Heat’s home arena after the FTX exchange. According to a blog post last July, FTX and Alameda created Serum and chose Solana as its foundational blockchain.
“Traders perhaps saw Alameda Research-related names as safe havens” during last week’s crypto-market sell-off, said Mira Christanto, a research analyst at Messari.
Bankman-Fried, who serves as CEO of FTX, told CoinDesk in a LinkedIn chat that he isn’t sure why serum has surged this week in particular, but he said it was “probably” following Solana’s SOL tokens, which have climbed 24-fold this year, for a market value of between $12 billion and $22 billion, depending on how it’s calculated.
Story continues
Earlier this month, Alameda Research led investors in a $2 million fundraising round for Step Finance, a trading dashboard born out of a Solana-focused hackathon. The Solana Foundation, which supports development on the Solana blockchain, received $40 million in fresh funding in March.
Related: ‘AWS for Blockchains’ Alchemy Closes $80M Funding Round at $505M Valuation
A key talking point on Serum is that it provides a user experience similar to what traders see on big centralized cryptocurrency exchanges. That could make the project more attractive to traders who seek transactions that are faster and cheaper but also easier to use when compared with other decentralized exchanges, such as PancakeSwap on the Binance-backed blockchain Binance Smart Chain.
PancakeSwap has received criticism for being a copycat of Uniswap, which sits atop the Ethereum blockchain.
“Serum is very different from Ethereum-based DEXs because it built a central limit order book (CLOB), which is what you would typically see in centralized exchanges,” Christanto said. “This isn’t possible on Ethereum or Binance Smart Chain, where automated market makers (AMMs) are more popular.”
A central limit order book is possible on Solana partly because of its high scalability, supporting 50,000 transactions per second (tps). On Binance Smart Chain, the maximum is 300 tps. On Ethereum, it’s 18 tps.
“Solana isn’t as fast as centralized exchanges, like FTX, but it is the first decentralized exchange to be able to provide a CLOB,” Christanto said.
Read More: PancakeSwap, Uniswap, SushiSwap and More: What to Consider When Parking Crypto in a DeFi Exchange
Danny Kim, head of revenue at crypto prime dealer SFOX, said serum’s recent price gains may also be the result of excitement over Step Finance, which offers up to 3,500% annual percentage rate (APR) on deposits of its STEP tokens. All asset pools, liquidity and swaps on Step Finance are routed via Serum, according to Step Finance’s website.
As Anatoly Yakovenko, co-founder of Solana Labs, wrote in a post on Medium, if the first phase of decentralized finance – DeFi 1.0 as it were – was focused on innovation in money markets, including lending and borrowing, then DeFi 2.0, as powered by Serum, would bring “high-speed trading and derivatives.”
“Solana has become a protocol for traders, with a number of projects being built to focus on what traders and investors will need in DeFi,” SFOX’s Kim said. “Fast, secure and scalable.”
Automated market makers “have grown in popularity on Ethereum primarily because they make it easy for yield and risk-insensitive asset owners to provide liquidity to the market,” Yakovenko wrote. “However, that doesn’t mean that AMMs are the optimal mechanism to provide liquidity. AMMs are obviously lacking in many dimensions. Most notably, capital efficiency.”
It’s still wait-and-see whether Serum will eventually pose any real threats to popular DEXs on Ethereum and BSC. Data from CoinGecko shows that Serum has about $52 million in daily trading volume, while on Ethereum-based Uniswap, the 24-hour trading volume was at more than $1.3 billion at press time, according to Dune Analytics.
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