Crust Network logo

Crust Network price

Market stats

$2.9M

$642,079.53

+7.85%

3.1M CRU

$179.09

-99.96%

-99.95%

-99.95%

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About Crust Network

What Is Crust Network Coin (CRU)?

The Crust network platform is a decentralized network of storage that allows an individual to contribute as a storage provider and receive the reward. The platform also acts as a distributed network, thus open to every user to participate without restrictions. 

Its whitepaper mentions that the Crust network is a novel generation of blockchain technology that enables decentralized computing and storage. Decentralized storage enables files to get stored on distinct hosts by allocating the files all over the network without involving any centralized entity. The platform aims to offer cloud solutions and a decentralized storage network for Web3.0 and Web2.0 ecosystems on Polkadot

The Crust network is an open and fair mechanism that features low-energy consumption and high security. The files that get stored on the platform are encrypted to protect privacy. The Crust is a network with GPoS (Guaranteed proof-of-stake) that makes the network efficient, strong, and safe. Also, the platform seeks to offer an on-chain storage market, known as the decentralized storage market, through which users can place storage orders and upload files within the network. The Crust network platform also offers a storage assurance pool for permanent or customized storage of essential files. 

The utilitytoken of the Crust network is CRU which represents the value of the complete network. People can use the token to stake for maintaining the GPoS consensus of the platform. The token is also used by users to pay transaction fees when they utilize the platform. CRU allows users to sell resource services as well as vote and elect on-chain governance mechanisms. CRU also serves as collateral or security to offer resource service. 

History of Crust Network Coin (CRU)

Crust network is an open-source project that gets funds from DCF (Decentralized cloud foundation).  In March 2020, the team launched Crust Alphanet, and in June, Crust Betanet. The platform’s launch took place in 2021.The total supply of CRU tokens is twenty million.

Crust Network is on the decline this week.

The price of Crust Network has fallen by 99.95% in the past 7 days. The price declined by 99.95% in the last 24 hours. In just the past hour, the price shrunk by 99.96%. The current price is $0.000418 per CRU. Crust Network is 100.00% below the all time high of $179.09.

The current circulating supply is 3,062,356.62 CRU.

Crust Network on social media.

Crust Network was mentioned in 170 out of 1,833,940 social media posts on Twitter and Reddit on Aug 06, 2022. 167 unique individuals are talking about Crust Network and it is ranked #452 in most mentions and activity from collected posts.

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