Crust ShadowPrice

(CSM)

Crust Shadow is a decentralized storage network within the Web3 ecosystem, operating as a "Kusama version" of the Crust Network. It's an early release of code designed to function as a Kusama parachain, providing storage capabilities for other parachains. Crust Shadow aims to enhance privacy, security, and decentralization in data storage, utilizing advanced cryptographic techniques like ring signatures and zero-knowledge proofs to ensure transaction privacy and protect user data.

The CSM token is the native cryptocurrency of Crust Shadow with an initial supply of 200 million, allocated to the community. Its primary functions include staking to maintain the network's GPoS consensus, serving as node guarantees and transaction fees, and enabling resource purchases. CSM also facilitates participation in governance mechanisms, storage market activities for discounts, data privacy encryption, asset trading, and censorship governance. Future plans include exchanging CSM for CRU in Maxwell's market revenue pool.

Crust Shadow's architecture is built on Polkadot's Substrate framework, implementing an incentive layer protocol for decentralized storage that supports multiple protocols like IPFS and FastDFS. The network aims to offer a distributed file system with standard interfaces similar to Amazon S3. It leverages cross-chain message passing (XCMP) for interaction within the Kusama ecosystem, acting as a proving ground for this technology. Storage orders originating from relay chains are processed through Crust Maxwell's storage market.

Crust Network features both CRU and CSM tokens. CRU is the main token of the Crust Network, akin to ETH or DOT, representing the value of the entire ecosystem. CSM is the native token of Crust Shadow, functioning similarly within its dedicated network. While early limitations existed for CSM staking and external node deployment, it mirrors CRU's role. A key difference is the total supply, with CSM having 200 million tokens, which is ten times more than CRU's supply.

Yes, CSM can be staked. Staking CSM allows users to actively participate in Crust Shadow's consensus mechanism and governance, for which they can earn CSM rewards. This process typically involves locking tokens within the protocol's smart contracts. Although historical information might have suggested limitations on direct staking, recent updates confirm that CSM staking is available, providing opportunities for users to secure the network and contribute to its decentralized governance.

CSM tokens can be acquired through various cryptocurrency exchanges, including centralized platforms like LBank. Users can typically find CSM listed against stablecoins or other major cryptocurrencies. While specific decentralized exchanges also offer CSM, it's important to note that CSM might not be universally listed on all major exchanges or could experience varying levels of liquidity. Always ensure you are using a reputable platform like LBank when considering purchasing CSM.