Equilibrium’s xDOT supports Crust crowdloan and allocates rewards of 250,000 EQ

We are excited to inform you that CRUST has launched a crowdloan on Polkadot to raise 100,000 $DOT. Participants who vote for CRUST via xDOT will get additionally rewarded by Equilibrium.

The last time we talked about CRUST Network, we announced our newly formed partnership with the network to offer you better privacy and more control over the ownership of your data. And if you are just joining us, CRUST Network is a decentralized project on Polkadot developing private cloud blockchain technology to help users maintain data privacy and ownership of their data.

Rewards for Participants

In addition to Crust’s crowdloan reward pool allocation of 20,000 $CRU, Equilibrium would like to offer additional rewards of 10 $EQ tokens for every 1 DOT contributed to everyone who votes for CRUST via xDOT!

What happens if CRUST does not win the auction slot?

If CRUST wins the parachain slot auction, contributors will get their rewards. But in the event that CRUST loses the slot, all the DOTs will be returned to the participants.

About Equilibrium

Equilibrium is the one-stop DeFi platform with high leverage in borrowing and trading without compromising system stability. It is built on its own Polkadot parachain and designed to be cross-chain compatible. Equilibrium includes a money market with lowest collateral requirements ever and fully on-chain DEX for margin trading with leverage up to 20X. Critical collateralization as low as 105%.

About CRUST

CRUST Network is a decentralized project on Polkadot providing private cloud-based Blockchain solutions on Polkadot. It implements the incentive layer protocol for decentralized storage and supports multiple storage layer protocols such as IPFS. CRUST is adaptable to multiple storage layer protocols such as IPFS, and provides support for the application layer. Its native token is called CRU.

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