Callisto Network is a decentralized open source encryption platform based on go-Ethereum source code. The main goal of Callisto Network is to research and develop reference implementations for self-sustaining, self-governing and self-financing blockchain ecosystems and development environments. CLO is Callisto Network's micro cryptocurrency. Users who hold CLO coins can get dividends and participate in the development and governance of Callisto Network.

Project Introduction

The Callisto Network is an Ethereum Commonwealth project that has been researched and designed to develop a reference implementation of a self-sustaining, self-governing, self-funding blockchain ecosystem. And improve the security of the encryption industry ecosystem by improving the smart contract development method and environment. Another goal of Callisto Network is the implementation of an experimental protocol, which is a combination of core functionality implemented in smart contracts and incorporating protocol-level configuration. An important point is the ability to leverage built-in mechanisms for key platform functionality: namely smart contracts. The Callisto Network aims to define and standardize protocols for reference implementations with built-in cold staking, governance systems, and smart-contracts-based development funding mechanisms.

Project Highlights

Cold Staking

Cold Staking is a protocol developed by the Callisto team to reward holders who are interested in holding tokens for a specific period. Cold Staking does not have any rights to any process that takes place in the network, whether it is confirmation of transactions or block generation. All they have to do is maintain a balance at a specific address and earn interest on a regular basis.

In order to become a Cold Staker on the Callisto network, users must click Start Stake in the Ethereum Classic wallet (other wallet support will be opened later), which will activate the Cold Staking contract. Tokens will be held in the account for a specific lock-up period of about one month, enabling them to earn interest.

Once the lockup period is over, token holders can claim rewards or keep locking up to earn more profit. Rewards are calculated based on the amount of tokens locked in the smart contract. This special feature puts everyone on the same level, and by staking more CLOs in the contract, they have a chance to earn more rewards. Similarly, Stakers can also earn more by locking tokens for a longer period of time.

Smart Contracts on the Allisto Network

Another notable feature of the Callisto Network is that the smart contract security ecosystem supports free smart contract audits to ensure their integrity and security. This option is available under the contract, and the entire audit process is carried out in a transparent manner. The official audit department of the Callisto Network employs full-time auditors whose job it is to audit every smart contract. In traditional blockchain ecosystems, auditing is an expensive process that requires developers to allocate significant funds for the exercise. But with the Callisto network, which is part of the standard ecosystem offerings, it ensures the reliability of all applications built on top of the protocol. Auditors belonging to the Callisto network are paid based on the number of security audits performed, to initiate an audit, a developer must register a smart contract for auditing, and the auditor will be in charge of the entire process. Otherwise, if no audit contract is registered, it will remain unaudited.

The unique features of the Callisto Network help platforms take the cryptocurrency revolution to the next level by creating a model that ensures profitability and security for all users.

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