What is Callisto?
Callisto is a decentralised open-source platform based on go-Ethereum. Many people believe that Callisto occurred as a result of Ethereum Classic Hard Fork, however, it is not true. Callisto is actually a side chain that exists parallel to the main blockchain. The main target of Callisto developing team is solving the troubles of Ethereum Classic blockchain and helping it evolve.
Callisto network has its own cryptocurrency – CLO. CLO token comes in a limited supply of 6 500 000 000 units. CLO technology is also meant to solve the problem of long-term cryptocurrency holding. As you might know, some users get bored or disencouraged to keep their crypto coins, so they exchange or sell them. Callisto is offering a programme to eliminate this problem and offer leng-term CLO holders a chance for passive income. This solution is called Callisto Cold Staking.