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Crust Network

CRU

Trade Crust Network on DEX

Crust Network can be traded on a decentralized exchange (DEX) using your Coinbase web3 wallet.

About Crust Network

Crust Network (CRU) is a decentralized storage network that provides cloud solutions for both the Web 3.0 and Web 2.0 ecosystems. Constructed on Polkadot's Substrate framework, Crust Network strives to enhance the security, privacy, performance, and ownership of data by utilizing blockchain technology. It offers an incentive layer for the IPFS protocol and has the potential to support a decentralized computing layer, thereby striving to build a decentralized cloud ecosystem. The CRU token serves multiple utilities within the Crust ecosystem, including staking to maintain GPoS consensus, collateral for storage providers, covering transaction fees, purchasing storage or other cloud services, and acting as an on-chain governance mechanism.

Crust Network operates through three key layers: MPoW (Meaningful Proof of Work), GPoS (Guaranteed Proof of Stake), and DSM (Decentralized Storage Market). The MPoW layer is a low-trust storage proof layer that periodically generates trustable storage work reports. The GPoS layer is a PoS-derived consensus layer that requires nodes to provide storage proof to get staking quota. The DSM layer enables users to place storage orders on the chain, ensuring their data is stored and distributed on the Crust Network. Crust Network's architecture is designed to eliminate the "Single-Point-of-Failure" dilemma and the risk of downtime by creating multiple replicas distributed over individual nodes in the network.

Crust Network has a wide range of potential use cases. It can provide the technical infrastructure for the Metaverse, mint, store, and exchange NFTs in a fully decentralized manner, and host websites, dApps, video streaming, and more. It can also support Web 3.0 gaming and decentralized social media, offer personal cloud storage for data access from anywhere, and facilitate file sharing and streaming services. Furthermore, Crust Network can be used for serverless DApp/website hosting, general off-chain data storage, accelerated content delivery, and secure cloud storage.

Crust Network's mainnet launched on September 1, 2021, and currently holds a storage capacity of around 1,200 PetaBytes provided by more than 4,000 individual nodes. It has integrated with many blockchains and provides a fully decentralized storage layer for various networks, including Ethereum, BSC, Polygon, Solana, Near, Elrond, and Heco. Several major blockchain projects already utilize Crust Network for their data storage and hosting needs. Crust Network intends to implement its storage services for more networks in the future to provide its storage solutions for every ecosystem.

Market

Market stats

Market cap

$13.9M

Volume (24h)

$1.6M

Circulating supply

14.1M CRU

All time high

$179.09

Market performance

Price change (1h)

-0.15%

Price change (1d)

+0.87%

Price change (1w)

-4.03%

Price change (2w)

-7.2%

Price change (1m)

-31.46%

Price change (1y)

+8.7%

News about Crust Network

Unchained • May 09, 24

BlackRock and Securitize Submit Application for Arbitrum’s Program Focused on Real-World Asset Diversification

Real-world asset (RWA) tokenization firm Securitize Markets submitted an application last week “on behalf of BlackRock” to Arbitrum’s Stable Treasury Endowment Program (STEP), a sign of the growing institutional presence in the crypto space. Arbitrum’s STEP program will diversify 35 million ARB t...

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The Block • May 09, 24

White House set to nominate CFTC Commissioner Johnson to Treasury role: Bloomberg

The White House is set to nominate CFTC's Kristin Johnson to a top position at the U.S. Treasury Department.

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Unchained • May 09, 24

Why Ethereum Gas Fees Have Fallen to Their Lowest Level Since 2020

The average cost of a transaction on Ethereum is at its lowest level since Jan. 2020 (one gwei represents one-billionth of one ether and is the unit of ETH used to measure gas prices). The decline reflects the movement of activity from Ethereum’s base layer to its expansive array of ...The post W...

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BeInCrypto • May 09, 24

Bybit Prepares Initial DEX Offering (IDO) For Nulink (NLK)

Bybit's upcoming IDO for Nulink aims to strengthen dApps data privacy via a unique API, launching 4M NLK tokens with significant user registration.The post Bybit Prepares Initial DEX Offering (IDO) For Nulink (NLK) appeared first on BeInCrypto.

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BeInCrypto • May 09, 24

Avalanche, Salvor Invest $1 Million in NFT Lending Platform

Salvor partners with Avalanche to offer an NFT lending platform, using NFTs and memecoins as collateral for AVAX loans, aiming to increase liquidity and enhance the financial flexibility within the Avalanche ecosystem.The post Avalanche, Salvor Invest $1 Million in NFT Lending Platform appeared f...

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Bitcoin Magazine • May 09, 24

7 Tips For Traveling With Bitcoin Keys

As Bitcoin becomes more integrated into everyday life, review some simple tips to keep your bitcoin safe and secure while on the road.

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Crust Network is on the decline this week.

The price of Crust Network has decreased by 0.15% in the last hour and increased by 0.87% in the past 24 hours. Crust Network’s price has also fallen by 4.03% in the past week. The current price is $0.98 per CRU with a 24-hour trading volume of $1.62M. Currently, Crust Network is valued at 99.45% below its all time high of $179.09. This all-time high was the highest price paid for Crust Network since its launch.

The current circulating supply of Crust Network is 14,138,569 CRU which means that Crust Network has as total market cap of 14,138,569.

FAQ

What is the current price of Crust Network?

We update our Crust Network to USD currency in real-time. Get the live price of Crust Network on Coinbase.

What is the market cap of Crust Network?

The current market cap of Crust Network is $13.87M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Crust Network?

The all-time high of Crust Network is $179.09. This all-time high is highest price paid for Crust Network since it was launched.

What is the 24 hour trading volume of Crust Network?

Over the last 24 hours, the trading volume of Crust Network is $1.62M.

What other assets are similar to Crust Network?

Assets that have a similar market cap to Crust Network include Pepe 2.0, BitMart Token, Zano, and many others. To see a full list, see our comparable market cap assets.

How many Crust Network are there?

The current circulating supply of Crust Network is 14 million.

Can I buy Crust Network on Coinbase?

Yes, Crust Network is currently available on Coinbase web3 wallet. For more detailed instructions, check out our helpful how to buy Crust Network guide.