Crust Network CRU

1. Summary

Ranks

Liquidity

87

Developer

97

Social

94

Momentum (beta)

63

Stack Rank™

90

Price

$1.08 -4.3%

Market Cap

$32.59M (#842)

Supply

29.92M / 30.34M

Tags

Polkadot Ecosystem Storage Ethereum Ecosystem Elrond Ecosystem Aptos Ecosystem DePIN DWF Labs Portfolio Data Availability

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Price
52W High price	$2.17
52W High date	13th Feb 2023 (1 year ago)
All Time High (ATH) Date	12th Apr 2021 (3 years ago)
ATH Price	$179.24
% From ATH	-99.22%
All Time Low (ATL) Date	10th Oct 2023 (6 months ago)
ATL Price	$0.45
% From ATL	210.12%

Supply & Trading Volume
Trading Volume (24h)	$892,569.00
Total Supply	30.34M
Circulating Supply	29.92M

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Description

Crust Network is a decentralized storage network that is fully based on the Polkadot chain. The main way through which it works is by decentralizing data storage through the distribution of files to different nodes within the network. This, in turn, fully eliminates any requirements when it comes to centralized entities to control the input or the...

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Crust Network is a decentralized storage network that is fully based on the Polkadot chain. The main way through which it works is by decentralizing data storage through the distribution of files to different nodes within the network. This, in turn, fully eliminates any requirements when it comes to centralized entities to control the input or the output of information, alongside data storage.

The Crust Network also supports a multitude of storage layer protocols, such as the Inter Planetary File Systems (IPFS). Additionally, the platform can be easily accessed due to the fact that the storage interface is visible on the application.

Through the platform, any user can essentially manage their data freely and take full charge of their security as well as reliability through leveraging the power of encryption, access control, and backups.

That said, the Crust network also follows a multi-layered architecture with the goal of delivering this decentralized data storage functionality.

The CRU Token Explained

The CRU tokens, otherwise known as the Crust tokens, are the native utility tokens of the platform that can be used for staking, which gives users the ability to become nominated for block generation in the future.

Additionally, CRU tokens also serve other functions, such as block rewards, fees payments, token transfers, and a node enrollment pledge, as well as node penalty.

Every verifier and candidate essentially shares a portion of the block rewards within each blockchain cycle, where guarantors get a portion of these rewards as a form of guaranteed income.

Furthermore, CRO tokens can also be used to pay the storage resources available within the Crust markets. These storage fees will enable users to enter the account of the storage nodes throughout each storage cycle as a result.

Features of Crust Network

The main thing that makes the Crust Network unique and filled with features is the Crust ecosystem which has different participants.

These are split across candidates, verifiers, guarantors, and users.

The candidates are the nodes that can be nominated as network verifiers and are responsible for providing storage resources by putting them as guarantees.

In order for them to actually be eligible to run as a network verifier, they need to stake a specific amount of CRU tokens.

They also need to keep their nodes online. They do not participate within the block generation process but can receive a share of the reward within each cycle.

Then you have the verifiers, who are the nodes that are essentially responsible for the maintenance and security of the data and its privacy.

Their goal Is to package and essentially generate blocks within the Crust network, which helps in its maintenance through participation in its consensus model.

The guarantors are the accounts that are not stakers but help provide guarantees for the nodes within the Crust network. They essentially delegate their storage resources to other nodes where they get income as a reward. Last but not least are the users, which are essentially subscribed to the network, and the consumers of the resources, which are the storage and computing.

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