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Create a temp CRU token on BSC Blockchain (Bridges between BSC & CRU)
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Create a temp CRU token on the Binance Smart Chain (BSC) blockchain. It's important to note that BSC's centralized governance model has raised concerns about security and decentralization. Additionally, it has more liquidity and a wider range of available tools and services.
There might have several benefits to creating a temp token on the BSC blockchain.
Such as:
1. Creating a temporary token on BSC is relatively quick and easy, as it doesn't require extensive coding knowledge or significant upfront costs.
2. Bridges between BSC & CRU enable interoperability between blockchains, allowing users to transfer CRU across networks in a seamless and secure way.
3. It helps to increase engagement and attract users.
4. It will help to get listed on a top-tier exchange like Binance.
5. BSC transactions generally have lower fees compared to Ethereum. This is because BSC uses a Proof-of-Staked Authority (PoSA) consensus mechanism, which is less computationally intensive than Ethereum's Proof-of-Work (PoW) consensus mechanism.
6. BSC can process transactions much faster than Ethereum. And, shorter block times, allowing for quicker confirmation of transactions.
7. By and large users nowadays use BSC Blockchain which will help to huge user engagement in Crustnetwork.
Besides BSC Chain, Crust can take into account Polygon, & Solana Blockchain.
Here are 5 bullet points summarizing the content:
- A temporary token can be created on the Binance Smart Chain (BSC) blockchain quickly and easily.
- Bridges between BSC and CRU allow for seamless and secure transfer of CRU across networks.
- Creating a temporary token on BSC can increase engagement and attract users, potentially leading to listing on top-tier exchanges like Binance.
- BSC transactions generally have lower fees and faster processing times compared to Ethereum.
- Crustnetwork can also consider using other blockchains like Polygon and Solana besides BSC.
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Dear Crypto Hero,
Thanks for your proposal. I wanted to share my thoughts on Crust's focus on CRU tokens on the mainnet.
In my opinion, it's important for Crust to continue its focus on CRU tokens on the mainnet. While different chains may require different bridges and liquidity pools, this approach can also increase economic risks, which could be detrimental to the overall health of the network. As we have CRU on Heco and Maiar (Elrond), we can know that maintenance of a bridge will also send some extra dev sources.
Additionally, CRU on the Binance Smart Chain (BSC) still cannot be staked, and Crust apps only support mainnet CRU staking. This further reinforces the importance of focusing on the mainnet.
Best regards,
Aki