Crust Network
Crypto Overview
Project Overview
Crust Network is a decentralized cloud storage blockchain built on Substrate that aims to provide a Web3 storage layer. The network incentivizes users to provide storage resources and maintain files through a unique consensus mechanism called Meaningful Proof of Work (MPoW).
Intended Utility
The CRU token serves multiple purposes within the ecosystem: It's used for network governance, staking to become a storage provider, and as payment for storage services. The project aims to create a decentralized storage marketplace where users can store their files securely while storage providers earn rewards for their services.
Actual Utility and Adoption
The network has demonstrated real-world utility through partnerships with projects like IPFS and integration with various Web3 applications. Storage providers are actively participating in the network, and there is verifiable on-chain activity showing files being stored and retrieved.
Token Distribution and Governance
The token distribution includes allocations for the founding team, early investors, and community development. There are vesting schedules in place for team tokens, showing consideration for long-term project sustainability. The project maintains active development with regular updates to its core infrastructure.
Technical Implementation
The technology stack is built on legitimate blockchain infrastructure, utilizing Substrate framework and incorporating proven storage protocols. The consensus mechanism (MPoW) represents a novel approach to incentivizing storage provision while maintaining network security.
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.