Crust Network
Crypto Overview
Purpose and Utility
Crust Network is a decentralized cloud storage blockchain built on Polkadot that aims to provide a decentralized storage network for Web3 applications. It incentivizes users to provide storage resources and maintain files through a unique consensus mechanism called Meaningful Proof of Work (MPoW).
Business Model Analysis
The platform's business model revolves around providing decentralized storage solutions, which is a legitimate and halal business activity. Users stake CRU tokens to participate in the network's operations and receive rewards for providing storage resources. The network facilitates actual exchange of value (storage space for tokens) and creates genuine utility.
Real-World Adoption
Crust Network has established partnerships with several Web3 projects and is actively used for decentralized file storage. The platform supports IPFS integration and provides storage solutions for NFTs and decentralized websites. While adoption is still growing, there is clear evidence of the token being used for its intended purpose.
Development Activity
The project maintains active development on GitHub, with regular updates and improvements to the protocol. The team continues to enhance the network's capabilities and has implemented several successful upgrades to improve storage efficiency and network performance.
Token Distribution and Governance
CRU tokens serve as both the network's native currency and governance token. Token distribution includes allocations for storage providers, developers, and network maintenance. The project maintains transparency in its token economics and distribution model.
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.