What is CRUST NETWORK(CRU)?

Basic information about CRU

Coin name:

Crust Network

Coin symbol:

Coin introduction:

What is Crust Network? Crust Network provides a decentralized storage network and cloud solutions for both, the Web 3.0 as well as Web 2.0 ecosystem and is build on Polkadot’s Substrate framework. It provides an unique incentive layer for the IPFS protocol and utilizes blockchain technology to enhancesecurity, privacy, performance and ownership of data. How does the roadmap look like? The mainnet launched on the 1st of September 2021 and currently holds a storage capacity of around 2,300 PetaBytes provided by more than 7,000 individual nodes. Crust Network already integrated with many blockchains and provides a fully decentralized storage layer for Ethereum, BSC, Polygon, Solana, Near, Elrond, Heco and others. In the future Crust will implement its storage services for even more networks in order to provide its storage solutions for every ecosystem. Some of the biggest blockchain projects already use Crust Network to store their data or host their websites and dApps via Crust’s infrastructure. These for example are Uniswap, AAVE or Polkadot Apps. In future, Crust Network is thriving to provide even more services for the Web3 and Web2 landscape for projects and companies to utilize and to build on. Crust's architecture also has the capability of supporting a decentralized computing layer and building a decentralized cloud ecosystem. Crust Ecosystem and Use Cases: • Providing the technical infrastructure for the Metaverse • Mint, Store and exchange NFTs fully decentralized • Hosting of Websites, dApps, Video streaming and more • Web 3.0 Gaming and decentralized social media • Personal Cloud storage to access your data from anywhere • File sharing and streaming services What are the CRU token utilities? Crust ($CRU) is a utility token within the Crust ecosystem which serves many different utilities. The most important utilities and functionalities of the CRU token are listed below: • Staking to maintain GPoS consensus • Collateral for storage providers to provide storage services • Used to cover transaction fees • Purchase storage or other cloud services • On-Chain governance mechanism Can I try Crust Networks storage solution? Yes, you can enjoy the benefits of our networks in many ways. For example you can upload files to a fully decentralized Web 3.0 cloud solution on crustfiles.io where you can keep your data safe and always accessible. Just sign in with your Crypto wallet and enjoy storing your files in the easiest and most secure way possible. For NFT lovers, artists and collectors we also offer a decentralized NFT market platform where users can mint, store, trade and display their NFTs on a 100% decentralized infrastructure. Feel free to try out our NFT dedicated application on switchswap.io How does Crust network compare to traditional cloud services? Compared to traditional and centralized storage providers like AWS, Google, Azure or Alibaba Cloud, Crust Network offers many advantages due to its decentralized infrastructure: Availability: Crust eliminates the “Single-Point-of-Failure” dilemma and the risk of downtime by on average creating 80 replicas distributed over individual nodes in the network. This maintains a high level of redundancy to keep your data always available and accessible. Security: High resistance against DNS hijack attempts or DDOS attacks. Additionally all data is encrypted by the IPFS protocol as well as Crust’s TEE mechanism. Not even node operators or any other centralized organisation can access or tamper user data. Performance: Due to many replicas on many nodes all over the world you can retrieve your files without any server-side bottlenecks. Data can be sourced and processed from many nodes at the same time to realize many benefits in regards of performance. Costs: Cloud storage costs on Crust Network are only 25-50 % of the costs compared to traditional Web 2.0 products on a centralized infrastructure. (Compared to AWS S3 Cloud Server) Can I start mining Crust? Crust network is a public and totally permission-less network that everybody can join at any time. Thanks to our MPoW (Meaningful Proof of Work) mechanism there is no need for expensive and energy consuming GPUs or high-end CPUs. All you need is a reliable internet connection, a CPU with TEE functionality and some free storage. For more information please refer to: https://wiki.crust.network/docs/en/nodeOverview

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Current Price:

$0.017778More coin details

All-time high:

$179.24

All-time low:

$0.016252

CRU Supply Info and Tokenomics

Circulating supply:

26M

Total supply:

35M

Max supply:

Market cap:

$474.973K

Fully diluted valuation:

$622.694K

What is the outlook and future value of CRU?

The current market cap of CRU is $474.973K, ranked 4481 in the market, showing that the market already recognizes the value of CRU. When a bull market arrives, the market cap of CRU may continue to grow.

Moreover, if CRU can play a greater role in real-world applications—such as if the Monero developers can fully empower CRU and establish partnerships with more business partners to expand its user base—then the long-term value of CRU will be further enhanced.

What is the price of CRU in 2027?

According to the historical price performance prediction model of CRU, the price of CRU is expected to reach $0.018667 at 2027.

Note: As with any crypto investment, investors should closely monitor ’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get CRU?

Purchasing CRU with cash is not the only way to obtain CRU. If you have enough time, you can get CRU for free.

Learn how to get Hot rewards for free with CRU.

Earn free CRU by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get CRU airdrops for free.

All crypto airdrops and rewards can be exchanged for CRU through LBank spot trading.

Buy CRU starting from $1

What is CRU used for and how to use it?

The use cases for CRU may grow with the development of the crypto market and project progress. Currently, you can use CRU to:

Arbitrage trading of CRU

CRU is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many CRU trading pairs to suit your needs.

Earn yield with CRU

You can also lend out CRU or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your CRU gains.

Send or pay with CRU

If you want to pay someone with CRU, you can easily and quickly send CRU to them using their receiving address.

You can also visit the official website of Crust Network to learn more use cases of CRU, such as whether the Crust Network project supports community/eco apps or buying physical or virtual goods with CRU.