What is Crust Network (CRU)

1. Project Introduction
Crust provides a decentralized storage network for the Web3 ecosystem, supporting various storage-layer protocols including IPFS, and offering interfaces for application layers. Crust’s tech stack can also support decentralized computation. The project aims to build a distributed cloud ecosystem that prioritizes data privacy and ownership.
Summary: Crust Network is a blockchain-based decentralized storage network.
2. Team & Investment Info
Team:
Stephen Shang, Co-founder and CEO of Crust Network, previously CEO of Honeywell China and Johnson Controls Greater China.
Ludwig Trappe, Co-founder and Head of Business Development at Crust Network, and also co-founder of MagnetAI.
Funding:
In July 2023, Crust Network secured a multimillion-dollar investment from DWF Labs.
In September 2020, Crust Network completed its Series A round, with investors including NGC Ventures, AU21 Capital, Bitscale Capital, Chain Capital, DFG, HashCIB, IOSG, KR1, KNS Group, Lotus Capital, Origin Capital, SNZ, Bisheng Capital, Consensus Lab, Waterdrop Capital, and Taihe Capital. Seed investor Chengdu Wuji Chain Technology also increased its stake.
3. Social Media URLs
X: https://x.com/CrustNetwork
Discord: https://discord.com/invite/Jbw2PAUSCR
Telegram: https://t.me/CrustNetwork
Medium: https://medium.com/crustnetwork
4. Token Info
Token Symbol: CRU
Token Type: ERC-20
Issuance/Burn Mechanism: Inflationary model.
Contract Address: https://etherscan.io/token/0x32a7C02e79c4ea1008dD6564b35F131428673c41
Token Distribution:
Token Sale: 25%
Business & Marketing: 10%
Community Development: 25%
Foundation Reserve: 20%
Team: 20%
5. Related Links
Official Website: https://www.crust.network/
Docs: https://wiki.crust.network/en
LinkedIn: https://www.linkedin.com/showcase/crust-network/
Other Info: https://www.rootdata.com/Projects/detail/Crust%20Network?k=NjM4