THELOGICALINDIAN - PRESS RELEASE Crust Network has afresh launched their crowdloan for the Kusama Parachain Slot Auctions including capacity on rewards for KSM badge holders that accompany the Crust crowdloan campaign
Crust Network is a decentralized billow activity in the Polkadot ecosystem, enabling projects and users to calmly and cheaply utilise decentralized billow casework for website, book and abstracts storage, and added use-cases.
Crust has appear the alongside arrangement Crust Shadow will participate in the Kusama parachain aperture auction, with the Crust Mainnet to participiate in the Polkadot auctions. In adjustment to adapt for the Kusama auctions, on May 15th, Crust Shadow was auspiciously registered as a alongside alternation for Kusama with the ID cardinal 2025.
Crust Maxwell Preview Network
Crust Network launched their Preview Network, Maxwell, in aboriginal February of 2025. The Maxwell Preview Network integrates all amount functions of Crust, including badge staking, decentralized accumulator bazaar (DSM), book retrieval mechanisms, and more, aiming to accept the aforementioned functionality as the Crust Mainnet.
Since ablution the Preview Network, over 600 PB of accumulator accommodation has been added by accumulator nodes, and CRU stakers, validators and accumulator nodes accept been rewarded.
Kusama Parachain Auction Crowdloan
As allotment of the action for ablution a parachain on Kusama, projects charge to win an bargain by appointment KSM (the Kusama built-in token) in a bid, with the accomplished applicant in the candle bargain acceptable admission rights for a Kusama parachain for up to 48 weeks.
To accumulate abutment from the association in the auction, Crust has launched a crowdloan in which KSM holders can basin calm their KSM tokens in abutment for Crust’s parachain bid. In return, if Crust is acknowledged in acceptable the auction, crowdloan participants will be adored with CRU (Crust Network Mainnet Token) and CSM (Crust Shadow Native Token).
The rewards for acknowledging Crusts crowdloan are as follow:
For instance, John contributes 100 KSM on the day of the crowdloan action launching; Crust wins the bargain 4 weeks later; the parachain charter aeon to win the bargain is 48 weeks; a absolute of 48,000 KSM accompany the crowdloan, again John will receive:
John can accept a absolute of 178 CRU and 35,600 CSM by accommodating in the Kusama parachain aperture bargain on Crust.
OKEx, a centralized exchange, and wallets imToken and MathWallet are additionally acknowledging several projects in the accessible parachain crowdloan process, alms users a acceptable adjustment to accompany Crust’s crowdloan attack and accept rewards.
On June 16th, Crust broadcast the aboriginal accumulation of rewards for the Kusama crowdloan, with a absolute of 322 CRU and 64,546 CSM broadcast to crowdloan participants that had contributed 4,610 KSM for the Crust Shadow bid. The abutting snapshot for rewards is set to be on June 23rd, with rewards broadcast the aforementioned day.
Crust Grants
Crust Network afresh launched Crust Grants, a foundation to advice armamentarium and bear teams and projects architecture on the decentralized billow basement and applications of Web3.0. Crust Grants has amorphous to acquire their aboriginal applicants, and are actively attractive for added teams architecture beyond the altered decentralized billow layers to support.
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