Crust’s Profit Data Activity Rules

Published on: 25.06.2021
Crust’s Profit Data Activity Rules

Crust Network explained how to join the activity as a Data Provider or Data Guarantor and start earning.

During this activity, users that store files and stake CSM can earn corresponding CRU rewards. The specific rules of the activity are as follows, please read carefully before participating:

Activity Glossary

Data Provider: An activity role, obtain data computing power by storing files, thereby obtaining CRU rewards. This is suitable for users with large storage needs.

Data Power: The size of the file stored by the data provider and the number of copies determine the data computing power, which is an important calculation parameter for rewards.

Data Guarantor: An activity role, share CRU rewards by providing CSM guarantee stake for data computing power.

CSM Stake Limit: CSM stake limit is determined by data computing power, and stake limit per TB of data computing power is 10,000 CSM.

CSM Total Stake: The total number of CSM staked on a certain data computing power. If the CSM total stake exceeds the CSM stake limit, the part that exceeds the CSM stake limit will not generate rewards.

CSM Effective Stake: CSM Effective Stake = min (CSM Total Stake, CSM Stake Limit), which is an important calculation parameter for obtaining rewards.

Activity Time and Rewards

Activity Start Date: June 25th, 2021

Activity Duration: 180 Days

Rewards are settled once per Era (6 hours), 4 times a day, and the rewards will be distributed according to the ratio of the effective stake of the user’s CSM to the effective stake of the entire network.

CRU Reward Calculation Rules

Assuming that the data provider has 1TB of data power, the own CSM effective stake of the data provider is 7,000 CSM, and the data guarantor has an effective stake of 3,000 CSM by setting the guarantee fee.

What is Crust?

CRUST implements the incentive layer protocol for decentralized storage, and vision to building a decentralized cloud ecosystem.

📰 INFO:

https://medium.com/crustnetwork/profit-data-activity-rules-3ef2c9b364c4

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