In preparation for the Crust Mainnet launch, the “CRU Mainnet Claim” process has been completed, and the corresponding Crust Wiki and Apps have been updated and deployed.

Website Update: The Crust official website has been updated with the CRU claim function. Go to crust.network and click “Claim CRU” to find the CRU claim tutorial.

Crust Wiki Tutorial

Please find the CRU claim tutorial in the following link:

https://wiki.crust.network/docs/en/claims

1. At present, the Crust Wiki has been updated with related tutorials on the Mainnet, and will continue to be updated according to the progress of the Mainnet. …

“Profit Data” activity started on June 25, 2021 and has continued for one month. At present, there are 209 data providers in the network and 350 data guarantors. The total data computing power reaches 169.1TP, and the total effective stake reaches 1.77M CSM. At present, every 1,000 CSM in effective stake can receive 0.22 CRU per day.

Since announcing our plans to launch the Crust Mainnet, community members have had a number of great questions. Let’s check out some of the more frequently asked questions.

What is the mainnet launch time and stake ratio?

The mainnet launch plan and economy whitepaper v1.3.0 have been announced on the official website. The official launch time will be at the end of August or early September. According to the economic parameters set in the economy whitepaper:

β is the weight for storage resource；1+α is weight for meanful data. The design of X is divided into two phases in the system. In phase 1, The formula is:

Crust Community Activities

Maxwell Preview Network Weekly Report

Crust Decentralized Storage Market was officially opened on February 28th, 2021 (GMT+8). There are 2,746 nodes in the entire network, with a total storage capacity of 650 PB as of July 19th. The network is currently in a state of lack of tokens.

Starting from the evening of May 5th, Crust Maxwell preview network has reduced production, and after that, the daily output of the preview network will be 1,500 CRU.

Maxwell Preview Network Weekly Report:

The first round of the Kusama parachain auctions have now ended. Crust will continue to pay attention to the follow-up Kusama slot auction information and participate in the next round of slot auctions. Crust Shadow launched the crowdloan on June 9, and each KSM earned 0.07 CRU and 14 CSM in rewards per week. During this crowdloan, Crust distributed a total of 2,668.2 CRU and 533,535.75 CSM. Here is a summary of the reward distributions for the first crowdloan. Thanks for your support!

First batch rewards

On June 16th, Crust distributed the third batch reward of the slot auction, a total of 322.73…

To celebrate the upcoming launch of the Crust mainnet, the DCF foundation have added more rewards for the “Profit Data” activity and launched the “Lucky Order” activity. 40 CRU per day will be rewarded for “Data Collectors” to encourage storage nodes and ease network congestion.

Activity Dates: July 21, 2021 — August 20, 2021

Activity Rewards: 40 CRU per day, for a total of 1,200 CRU

Activity Rules

1. Add new role: Data Collectors

“Data Collectors” are an active role of more than two thousand storage nodes on Crust Maxwell. They are responsible for responding to the storage needs of the “Data…

Crust Community Activities

Maxwell Preview Network Weekly Report

Crust Decentralized Storage Market was officially opened on February 28th, 2021 (GMT+8). There are 2,682 nodes in the entire network, with a total storage capacity of 637 PB as of July 12th. The network is currently in a state of lack of tokens.

Starting from the evening of May 5th, Crust Maxwell preview network has reduced production, and after that, the daily output of the preview network will be 1,500 CRU.

Maxwell Preview Network Weekly Report:

Crust Maxwell, as the preview network of Crust mainnet, launched on February 4th, integrating all core functions of Crust. With 5 months of stable development and optimization upgrades, Maxwell now has 2,746 nodes and 650P of storage capacity, which has the ability to undertake commercial applications.

Now, Crust mainnet is coming soon, stay tuned!

The below checklist will be updated from time to time, and the specific mainnet launch time will be scheduled.

Mainnet Launch CheckList

✅ Technical and economic parameters of Crust mainnet are finalized

✅ Mainnet code is complete

✅ Chain code is complete

✅ Chain code test is complete

✅…