Cream Plunges on News That Hack Compensation Will Inflate Token Supply

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To recompense victims of the assault, Cream mentioned it would challenge to sure affected members 1.45 million CREAM tokens from the service’s treasury. While Cream has 9 million cash excellent, per CoinMarketCap, solely 150,000 of these are in circulation. By so quickly increasing the availability of cash in circulation, it’s certain to have an effect on demand and due to this fact the per-coin worth.