These accounts appear to have been consolidated with now one address (0x3bcfa9357ab84baec04313650d0eebb3fd51070d) controlling almost 90% of the supply. In terms of infrastructure, we are evaluating the Compound governance system, and also looking at fascinating startup options such as Boardroom, catering exactly to needs like ours. SBF allegedly used the CREAM platform to supply FTT tokens to borrow other tokens to sell, and if removed from CREAM, would not be able to continue doing so. CREAM Finance (Crypto Rules Everything Around Me) is a decentralized finance (Defi) project based on Ethereum blockchain, and is a fork of Compound and Balancer. Department of Education . migrate the business fully on chain, to provide complete transparency, 0x3bcfa9357ab84baec04313650d0eebb3fd51070d, Bitcoin’s Success In The Future Will Depend How It Emerges From The Chasm Phase, How Cryptocurrency Relates to the Real Estate Industry, An Introduction to Censorship-Resistant Store of Value, On Schelling points, network effects and Lindy: Inherent properties of communication. We are very proud of our talented core team, and would like to take this opportunity to introduce our core engineers: Jeremy Yang, Technical LeadJeremy is a full stack developer with over 4 years of experience in the blockchain space. Starting with a quick look at Huang’s previous project: Mithril (MITH). As a blockchain-agnostic protocol, our next move is to launch on Binance Smart Chain (BSC) in September. Just like how Vitalik is not the CEO of Ethereum, and Andre is not the CEO of Yearn. There is no indication on how governance proposals will be implemented and when. In the near-term, I will continue to operate as a semi-benevolent dictator for C.R.E.A.M. Central to the scam was CREAM Finance, where users had to stake yCRV for crYCRV on CREAM to get attractive WIFEY rewards. Financial Accounting for New Jersey School Districts Charter Schools and Renaissance School Projects The Audit Program 2017-2018. The bulk of this rewards looks to be headed back to the founder / developer wallets with their participation. PO Box 500 . Projects that involve Jeffrey Huang and his team however, do not appear to be so, with links to vote manipulation, close ties to exit scams, failure to address code audits and questionable governance and conflicts of interest. This move by our seed token holders shows their commitment to our long-term vision. Why is the Cryptocurrency Market Crashing? After graduation, he developed one of the first Plasma implementations in the world and joined the first wave of grantees from the Ethereum Foundation. WIFEY was a YFI clone that was later confirmed as a exit scam, with it’s colourful history documented by various sources. There is no detail on exactly how the tokens will be used to govern the Swag.live platform from the perspective of profit sharing and development. However, the team has also had small wins, launching creamY, which was praised by Andre Cronje. He was the first to implement and deploy a DApp for the Ministry of Justice Investigation Bureau During his military service in Taiwan. Another Long Term Perspective, You Don’t Have To Hate Bitcoin To Think It Is Overvalued, Crypto Assets: Extending Permissionless Innovation, P2P and returning IP and Domain based transfers. I’d like to personally thank Robert and the team at Compound for making C.R.E.A.M. Jeremy received his BS and MS in Computer Science from National Taiwan University. Your assigned representative will call you and confirm your appointment about 2 weeks prior to the visit. While this wasn’t a smart contract bug, it highlights the potential for errors within the code and inputs by the developers, which should have created urgency for an audit. Investors would make an easy and wise decision by avoiding current and future projects linked to this team. possible. Kevin Dehmer Crypto Rules Everything Around Me, C.R.E.A.M. The year-end audit and the close were standing agenda items on a weekly all-hands call with the entire finance team to share updates, hear questions, and listen to concerns. A user on the Discord channel identified that at the time of launch, 10 addresses had balances of more than 20 million SWAG tokens each. The main function of financial audits is to provide reasonable assurance that financial statements are accurate and complete. The CREAM code, however, has not been audited despite frequent calls from the community to do so. Change to seed vesting — we have reviewed our progress with our seed token holders, and they have agreed to further support our project by doubling the vesting schedule from 2-year vesting with a 6-month cliff to a 4-year vesting with a 1-year cliff. Xixi Huang is the Taiwanese lead on the project, and was also responsible for Shrimp Finance and Dice Finance, both projects linked closely to Jeffrey Huang’s CREAM Finance. With the funding from this seed round, we have sufficient runway to complete migration to community governance. At the time of writing, there is a proposal being brought forward by the SWAG developers to allow SWAG to be used as collateral on CREAM Finance. Trenton, New Jersey 08625-0500 . There have also been weekly communications with our senior executive … He received his BS and MS from National Taiwan University in Computer Science. Casual holders are unlikely to know of proposals and therefore miss out crucial votes that govern the project. We’re fortunate to have Compound Finance as our technology and security advisor. Some have asked us about security and smart contract audits. The first is technical: auditors are assigned to the Group’s various entities and countries to assess their compliance with L’Oréal standards. There are also no details on if founder and developer tokens are locked or unlocked. This is the latest project to be linked to the CREAM developers, with CREAM finance currently offering exchange between USDC and CREAM for SWAG tokens (remember the early adoption by WIFEY by CREAM), dropping all other exchange pools in favour of SWAG.