Crust Network
Crypto Overview
Understanding the Intended Utility
Crust Network is a decentralized storage protocol built on Polkadot that aims to provide a Web3 storage solution. The CRU token serves as the native utility token for the network, used for governance, staking, and paying for storage services. The project's main purpose is to incentivize users to contribute their storage resources to the network while ensuring data reliability and security.
Business Model Analysis
The business model appears to be transparent and aligned with halal principles. The network facilitates legitimate storage services, with clear technical documentation and open-source code. There is no evidence of involvement in prohibited activities.
Current Utility and Adoption
The network shows active development and real-world usage, with verifiable storage nodes operating globally. The project has established partnerships with other blockchain projects and maintains regular technical updates. On-chain data indicates genuine usage for decentralized storage purposes, though adoption remains moderate compared to centralized alternatives.
Token Distribution and Governance
Initial token distribution allocated approximately 30% to the founding team and early investors, with vesting periods extending over several years. The remaining tokens were distributed through public sale and ecosystem development. The vesting schedule appears reasonable and designed to align long-term interests rather than quick profit-taking.
Development vs Marketing
The project demonstrates a strong focus on technical development, with regular GitHub commits and technical updates. Marketing efforts appear proportionate and focused on technical adoption rather than token price speculation.
Crypto Impact
To assign a comfort level investing in Crust Network from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Crust Network.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.