πŸ“Œ Don’t panic! You’re not banned, you are just muted for portions of the CryptoNite Club x Crust Network AMA Session.

⚠️Total Reward pool: $50 worth of BUSD & $250 CRU

⚠️Requirements

πŸ‘‰ Follow β€” https://twitter.com/CrustNetwork , https://twitter.com/Cryptonite_club

πŸ‘‰ Join group β€” @CrustNetwork

πŸ“† β€” January 11th 2022

⏰- 03:00 PM UTC

πŸ“- @Cryptonite_club

We will have the following structure:

Part 1️⃣: $50/5 users β€” We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our twitter page β€” please submit your questions in the comments section ,

Post link β€” https://twitter.com/Cryptonite_club/status/1479036677943349251

Part 2️⃣: $250 CRU/5 users β€” Open chat for ~180 seconds. You can post Max 3 questions. Crust Network will select 5 questions and answer them.

CRYPTONITE CLUB – Let’s Welcome @nguyetle95 From Crust Network for the today AMA session.πŸ™Œ

Nguyet Le (Quinn) – Hi @ANDYM2999 and Cryptonite community. It’s a pleasure to be here today to present about Crust Network and the premium service that we have just launched last week.

CRYPTONITE CLUB -Hey Quinn ! Thanks for joining us today. How are you doing?

Nguyet Le (Quinn) -I’m pretty good and excited for the AMA. How about you?

CRYPTONITE CLUB -Awesome! I’m good.

Nguyet Le (Quinn) -Great. Let’s get started

CRYPTONITE CLUB -Let me drop the very first question!
Before moving forward 1 part, Could you please introduce yourself and Crust Network team?

Nguyet Le (Quinn) -Sure.I’m Quinn Le β€” Community Lead from Crust Network. Crust network was founded in 2018 by Leo Wang and Bova Chen. Leo Wang was developer for Cisco and Microsoft and Bova Chen has background in finance and investment. Both of them had many experience in startup before they started Crust Network. The company is based in Shanghai but our team now has more than 40 people around the world. Our team is backed by Decentralized Cloud Foudation and several big Venture capital like NGC Ventures, Bitcoin.com, etc.

CRYPTONITE CLUB -Can you briefly introduce Crust Network? What is your Roadmap and where are you now?

Nguyet Le (Quinn) -Crust Network is a decentralized storage blockchain. Crust is based on a huge IPFS storage network and is responsible for scheduling nodes and orders. Users’ files are distributed and stored on the hard disks of nodes around the world through the Crust network, and then the working nodes will get corresponding incentives.

The initial development team of Crust was established in 2018 and has undergone two years of development. In December 2020, the incentive test network β€œProfit Ark” was started, and the test on the node side (storage space provider) was opened. The Crust Maxwell Preview network was launched in February 2021, and the storage function was tested. The Crust mainnet was officially launched in September 2021. At present, the Crust mainnet has a total of 2 EB of storage capacity allocated around the world, and 2EB is approximately equal to four million personal computer hard drives. Crust community developers are constantly optimizing the network, and the Crust public chain is now available for commercial use. Community developers have developed Crust Files, Skyekiwi, SwitchSwap, Decoo and other applications based on the underlying Crust.

The next most important task for Crust is to enter the market, allowing more and more people to experience private, cheap, fast, and data ownership-oriented decentralized storage.

CRYPTONITE CLUB – It has been a long way for Crust Network!
Partnership is like a supplement where the combined effect is beyond the individual level. Can you name some of your recent partnerships that can help Crust Network?

Nguyet Le (Quinn) -We have integrated our product on multiple chains and have close relationship with them like Etherium, BSC, Polygon, Solana, Flow, Near, Heco, Elrond etc.
Recently we attended the parachain auction on both Polkadot and Kusama and won the 19th slot on Kusama. We also partnered with Moonriver to allow developers to utilize Crust’s decentralized storage capabilities. We are hosting several dapps like Uniswap, Aave, IPFS, Liquity etc.

CRYPTONITE CLUB -Impressive, these are big names in Crypto industry!🀩🀩
Can you introduce the functions and usage scenarios of Crust Files? What are the differences and advantages between it and the cloud service we usually use?

Nguyet Le (Quinn) -Crust Files is the world’s first Web 3.0 personal file storage application, launched by Crust Network. The Crust Files application enables safe storage of your personal files on IPFS, secured by the Crust Network public blockchain.
Crust Files are just like the Google Drive, Dropbox, Baidu Netdisk and so on that you usually use. You can store your life files, photos, and videos here; you can also upload large-size work files and generate links to share with your work partners; or share movies and study materials with your friends.

The biggest difference between Crust Files and traditional cloud service is the underlying network of storage. Centralized storage applications will centrally store users’ files in their computer rooms, while Crust will store users’ files in a distributed manner on the hard disks of nodes around the world. Therefore, Crust storage can bring users higher data security (no centralized control), faster file pull speed (you can pull files from nearby nodes around the world), and cheaper storage prices (Crust nodes utilize the idle resources of the computer, and the cost is lower than that of a centralized computer room).

CRYPTONITE CLUB -Crust Files is indeed Google Drive 2.0!
As far as I know, people can log in to Crust Files using almost any Web 3.0 address. What features does Crust Files Premium membership have more than ordinary users?

Nguyet Le (Quinn) – Yes, currently using Crust Wallet\ Polkadot (.js Extension)/ MetaMask\ WalletConnect\ Polygon\ Moonriver\ Near Wallet\ Flow (Blocto Wallet) \ Solana (Phantom Wallet)\ Elrond (Maiar Wallet) can log in to Crust Files for free enjoyment File transfer and storage functions.
With a free account, users can enjoy a file size limit of 32mb and 100mb total storage space.

With Crust Files Premium you get access to end-to-end encryption for all your uploads, file size limit is raised to 1gb per file and you get unlimited storage space.

To become a Premium user, you need to have a Crust wallet address (Crust mainnet address), and then stake 5 CRU to your account to enjoy all the premium membership functions. (5 staked CRU can be withdrawn after 180 days)
On the occasion of the New Year, all users can enjoy a 40% discount for the New Year, which means that you only need to stake 3 CRU. If you register through another person’s invitation link, you can get an additional CRU reduction, that is, 2 CRU.

You can find the instruction video here

https://youtu.be/qWt8Ztt9_50

CRYPTONITE CLUB -The premium membership sounds interesting!

The SHARE-and-EARN campaign you launched this time has a total of $50,000,000 rewards. How can users get rewards?

Nguyet Le (Quinn) – In order to promote Crust Files and allow more people to join the Web 3.0 storage, we designed three attractive Programs, giving participants a total of $50 million in rewards. The three programs are as follows:

INVITE BONUS
After you become a premium member, you have the right to invite others to try Crust Files. After others register as Crust Files Premium membership through your invitation code/invitation link, you will get 1 CRU/recommendation reward. You can invite unlimited users.

LUCKY NEWBIE
There will be a 30-minute countdown on the event page, and the last premium user at the end of each countdown can get all the rewards in the prize pool. Every time a new premium user is added, the prize pool will increase by 0.4 CRU, and the countdown will be refreshed to 30 minutes.

GRAND DRAW
After becoming a senior member, you can receive a lottery ticket. Whenever the total number of premium members reaches a certain milestone, an open and transparent face lottery will be held. The bigger the milestone, the higher the prize pool! So, don’t forget to return to the Share β€” and β€” Earn page frequently after the lottery to see if you are the lucky guy!

We have just announced the winners of our first GRAND DRAW with reward 500 CRU. If you are already premium user, you can check your lottery ticket if you are the winner. The deadline to register for the reward is Jan 10th. If you are not premium user yet, check this tutorial video on how to get one https://youtu.be/qWt8Ztt9_50

CRYPTONITE CLUB – Impressive!

How are the rewards withdrawn and do they need to be unlocked? If I want to become a Crust Files Premium member, how can I obtain CRU?

Nguyet Le (Quinn) – If you get rewards through the Share β€” and β€” Earn event, your CRU is released immediately. You can see your rewards at the bottom of this page, click Claim rewards, and you can immediately withdraw your CRU.
You can choose to obtain CRU through decentralized and centralized exchanges. It is recommended to use Gate.io to purchase Crust Mainnet CRU directly. You can also use the swap function on the Crust official website to directly purchase the mainnet CRU through SWFT (https://swap.crustapps.net/#/swap ).

CRYPTONITE CLUB -Thanks for answering the introduction questions, let’s move to the second segment. I’ll ask the selected questions from Twitter.

Nguyet Le (Quinn) -Awesome

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Q1) File sharing and code-extraction capabilities are the common cloud storage scenario nowadays. Will file sharing links be available on Crust?

A1) Yes, you can share the link to your file with Crust just as easy as sharing google drive link. For each file/folder you upload, you will get a link for that and you can just send the link to your friends for them to get access. Go to crustfiles.io to experience the service!

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Q2) STAKING is one of the strategy to attract users and hold them and long term. So, does your project have staking program? If so, can you tell us how can we stake in your platform? How high is your APR? And is there any specific amount to stake?

A2) Staking is available for Crust Network, you can become validator or guarantor. Validators would need a certain amount of storage resources while guarantors only require some CRU to stake into our network. The current APY for staking of guarantor is 100% and it is even higher for validator. For details on requirement of validator please check https://wiki.crust.network/docs/en/validatorGuidance
To perform guarantor please check https://wiki.crust.network/docs/en/guarantorGuidance

CRYPTONITE CLUB – Thanks for those interesting details, clear answers are very appreciated for our community.
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Q3) Could you share with us some killer features of Crust Network that set it apart from its competitors? What competitive advantages does your platform have that you feel most confident in?

A3) We have several things to be proud of about our product:
It’s very friendly to use. When you want to store your file, you can just go to crustfiles.io, connect your crust wallet and start uploading file. It’s just as simple as logging into your google account and use google drive.

It’s very cheap to use, for both storing and retrieving data. The fee on our Crust Network is also 0 now.

The file retrieval is real-time. For each file you upload, you will get a link where you can share with your friends to access the file, just like google drive link. And it doesn’t cost you anything to access your file on Crust Network.

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Q4) After checking the website.3.0 I found that.Your roadmap starts in Q1 2022. But now it is still only the 4th quarter of 2021.Please tell me what work has been done so far and what else is planned to be implemented by the end of February 2022?

A4) We attended the auction for both Polkadot and Kusama and we won the 19th slot for Kusama. Crust should be live on Kusama soon. Moreover, we have launched Crust Files which allow individual users to store their data on Crust Network just as easy as google drive. We are running a big incentive campaign for this product with a reward pool of 2,000,000 CRU and we aim to get 1,000,000 users from this campaign. We are also actively looking for partners who want to store their data with us or want to decentralize their storage. Some big partners that we got recently are RMRK and Aave.

CRYPTONITE CLUB – Thanks for your great answers! Here is the last question from twitter.
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Q5) While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?

A5) Since our product is decentralized storage, we need our community to join our network as storage provider and guarantor (the ones who don’t provide storage but stake CRU only). That is why we value our community and reward them on a regular basis. For example, we are running a big incentive program of 2,000,000 CRU for our early premium users to thank our community. We have community leads and developers community leads available to answer questions from the community, both technical and non-technical ones.

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CRYPTONITE CLUB – Thank you very much for sharing. Now get ready for the most emotional part of our AMA β€” live questions!!! 🀩🀩

Nguyet Le (Quinn) -awesome
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Q1) Do you have any Bug Bounty to check for weakness? In what way do you plan to make Your project more complete??

A1) Yes, we do have big budget for bug bounty. Moreover, we have a treasury where you can request the money to test, to deploy or even to build your project on Crust Network.
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Q2) How many team members do you have? Do they have enough experience in the blockchain field? Do they have any experience on working in crypto and non-crypto project?

A2) Currently we have 40+ team members, most of them is on the R&D side, and we have around 10 people on marketing side around the world. The dev team is very experienced in storage industry since we have a strong support from Decentralized Cloud Foundation. On marketing side, we have our marketing leads in US, Europe, China, and south asia countries.
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Q3) What is PROJECT’s revenue model? In which ways do you generate revenue/profit?

A3) When user want to store their data with us, they have to pay our miners in CRU (our token). That’s how the profit coming from. The APY for providing storage for Crust Network is 100%+ now so we are making a lot of profit.
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Q4) I want to know about how to use this token? Can I bet and make money? Can you share with us any interesting programs and events that will take place in the coming days?

A4) 1. Our token has a lot of ultility: you can stake for 100%+ APY and it can be used for voting in our system.
2. Currently we are running a big incentive program of reward pool 50,000,000 USD for our early premium users. Check it out at crustfiles.io
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Q5) What features/improvements are you planning to add to your products in the near future?

A5) We are building a lot of interesting feature on Crust Network. Besides Crust Files (Google drive 2.0), we are building our own swap function which allows users to buy CRU on multichains and transfer directly to Crust wallet with a very low fee. I have tried the function by myself and it’s very cheap compared to sending from centralized exchange.
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CRYPTONITE CLUB – Thank you very much for @nguyetle95 your answers and your time!
Do you have anything else to share before we conclude the today AMA?

Nguyet Le (Quinn) – Go to https://crustfiles.io/ to try our premium services and share the pool reward of 50,000,000 USD. Use the code β€˜premium’ to get the discount when you register for our premium services

Our social media links:
Telegram: https://t.me/CrustNetwork
Twitter: https://twitter.com/CrustNetwork
Discord: https://discord.gg/YNqbr7NG
Join our telegram channel to get updated with our latest news and attend rewarded event!

thanks for hosting us today
we look forward to see more members from Cryptonite in our community

CRYPTONITE CLUB -It was an amazing AMA!
You are doing a very beautiful and high-quality project!

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