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Summary of Crust Shadow
- Crust is a decentralized storage network in the Web3 ecosystem, built on Polkadot’s Substrate framework.
- Received Web3 grant from Web3 Foundation and is a member of Web3 Bootcamp and Substrate Builders Program.
- Supports multiple storage layer protocols: IPFS and FastDFS.
- Native token: CRU, a utility token representing the network’s value.
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CSM token: allocated to the community, used for:
- Staking for GPoS consensus
- Guaranteeing Crust Shadow nodes
- Guarantee deposit for recourse service
- Transaction fee
Unveiling Crust Shadow: A New Era of Decentralized Storage
Crust pioneers a decentralized storage network within the Web3 ecosystem, leveraging Polkadot’s Substrate technical framework. As a decentralized storage Parachain, it is poised to launch as an integral component of the Polkadot network.
Crust is a distinguished member of the esteemed Web3 Bootcamp and Substrate Builders Program, and has been honored with a prestigious Web3 grant from the Web3 Foundation.
Crust boasts compatibility with a diverse range of storage layer protocols, including IPFS and FastDFS. The native token, CRU, serves as a utility token, embodying the intrinsic value of the entire network, analogous to ETH in Ethereum or DOT in Polkadot.
The CSM token is Crust Shadow’s proprietary token, allocated to the community, and serves multiple purposes: 1. Staking to maintain the forthcoming GPoS consensus of Crust Shadow; 2. Guaranteeing Crust Shadow nodes; 3. Serving as a guarantee deposit for providing recourse services; 4. Functioning as a transaction fee for utilizing Crust Shadow; 5. Purchasing resource services; 6. Facilitating election and voting in the on-chain governance mechanism, and voting on proposals; 7. Enabling privacy encryption of data, exchange, and trading of data assets, as well as censorship governance of data content;
8. Participating in Maxwell’s storage market-related activities; 9. Offering discounts related to Maxwell’s or Crust Shadow’s storage market rates; and 10. Exchanging CRU in Maxwell’s market revenue pool in the future.