Coinversation has reached a strategic cooperation for decentralized cloud storage with Crust
Coinversation will deploy and run web pages on Crust, while also storing user data based on Crust's distributed storage.
We are very pleased to announce that the synthetic asset protocol Coinversation Protocol, based on Polkadot AMM and DEX, has reached a strategic partnership with Crust Network. Coinversation will deploy and run its web application on Crust, while also storing user data based on Crust's distributed storage.
About Crust Network
Crust provides a decentralized storage network for the Web3 ecosystem, supporting various storage layer protocols including IPFS, and offering interfaces for the application layer. Crust's technology stack also supports decentralized computing layers. Crust aims to build a distributed cloud ecosystem that values data privacy and ownership.
Crust Network has joined the Substrate Builders Program, Web3.0 Bootcamp, and has received a grant from the Web3 Foundation.
About Coinversation Protocol
Coinversation Protocol is the first synthetic asset issuance protocol and contract trading platform based on the Polkadot contract chain. Users can use the tokens CTO issued by Coinversation and Polkadot DOT as collateral to synthesize any cryptocurrency or off-chain assets such as stocks, bonds, and gold through smart contracts and oracles. All assets minted by users correspond to the liabilities of the entire system, and the proportion of each user's liabilities is determined at the time of minting to calculate their respective profits. Because this collateral pool model does not require counterparties, it perfectly addresses the liquidity and trading depth issues in decentralized exchanges (DEX).
More information:
Website: coinversation.io
Twitter: https://twitter.com/Coinversation_
Telegram: https://t.me/coinversationofficial
Medium: https://coinversationofficial.medium.com/
Github: https://github.com/Coinversation
