Crust Network (CRU) is a decentralized cloud storage provider focusing on privacy, assurance, and decentralization. It supports various storage-layer protocols, including IPFS, and offers rapid access to on-chain storage services. The network utilizes a Guaranteed Proof-of-Stake (GPoS) consensus mechanism, ensuring safety and efficiency. The native CRU token is used for transaction fees, resource purchases, and governance, incentivizing nodes to maintain the network's security and order.
The Crust Network (CRU) is a blockchain-powered project focused on decentralized file hosting and data sharing. The CRU token is the native asset of the Crust Network and serves several purposes within the ecosystem:
Staking and Consensus: CRU tokens are used to maintain the GPoS (Guarantee Proof of Stake) consensus mechanism, ensuring the security and robustness of the network. Users can stake CRU tokens to become "Guarantors" and earn a guarantee fee.
Guarantee Deposit: Nodes on the network must stake CRU tokens to provide data storage resources. If they become malicious or verify false processes, they will lose their stake, ensuring proper security and guarantee of resource provision.
Transaction Fees and Resource Purchases: CRU tokens are used to pay for transaction fees and purchase resource services within the network, making them a direct financial asset.
Governance: CRU tokens are used for on-chain governance, allowing holders to vote on proposals and participate in the decision-making process.
Storage and Sharing: CRU tokens enable users to store and share files both publicly and privately via IPFS (InterPlanetary File System), ensuring decentralized and anonymous data management.
In summary, the CRU token is essential for maintaining the network's security, facilitating transactions, and governing the ecosystem, making it a crucial component of the Crust Network.
To store CRU tokens, you can use the Crust Wallet. Here are the steps to create an account and store your tokens:
Create an Account:
- Using Apps: Go to Crust Apps, click "Accounts" and then "Add account." Enter the mnemonic seeds, account name, and password. Ensure you save the mnemonic seeds safely and back up your account.
- Using Crust Wallet: Install the Crust Wallet, enter the wallet password, and click "Create." Back up the mnemonic phrase and enter the account nickname and wallet password.
Backup Your Account:
- Using Apps: The account will be backed up on your device by default. The backup file format is "cT1K1QvCcR4xxxxxxVcS8AVxxxxLuSxNBiEt.json".
- Using Crust Wallet: Go to "Account Management," click "Export Account" to export the backup file.
Store CRU Tokens:
- CRU tokens are stored in your Crust account. You can find account information in Crust Apps.
Ethereum Bridge:
- If you have ERC20 CRU tokens, you can use the Crust Ethereum Bridge to convert them to Crust Mainnet CRU tokens. This bridge provides a 2-way cross-chain service.
Token Management:
- CRU tokens can be used for various purposes such as staking, guarantee deposits, transaction fees, purchasing resource services, and on-chain governance.
By following these steps, you can securely store and manage your CRU tokens within the Crust Network ecosystem.
To buy Crust Network (CRU) tokens, follow these steps:
Choose a Crypto Exchange: Select a reliable and trustworthy crypto exchange that supports Crust Network (CRU) purchases. Popular options include CoinEx, gate.io, MEXC, Kriptomat, KuCoin, and Pionex. Research and compare fees, security features, and supported currencies before choosing an exchange.
Create an Account: Register a free account on the chosen exchange. Provide required personal information, including your name and email address. Verify your email and phone number, and complete KYC (Know Your Customer) verification if necessary to increase withdrawal limits and unlock additional features.
Add Funds: Deposit funds into your exchange account using a supported payment method, such as a credit/debit card, bank transfer, or other options. The specific methods available may vary depending on the exchange and your location.
Make a Buy Order: Decide whether to use a Market Order or a Limit Order. A Market Order executes the purchase at the best available price, while a Limit Order specifies the maximum price you are willing to pay. Enter the amount of CRU you want to buy and confirm the transaction.
Store Your CRU: Once the purchase is complete, your CRU tokens will be stored in your exchange account. Consider transferring them to a secure wallet for long-term storage and to protect your investment.
Remember to research and understand the fees, security features, and supported currencies before choosing an exchange and making a purchase.
