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.
CLO Cold Staking is a protocol for rewarding the users with a percentage from the total Callisto emission for holding CLO for a certain period of time. To take part in the Cold Staking process, the user needs to make a contract and freeze some amount of CLO for about a month. If these contract rules are met, the staker gets 10% of the tokens from each block. There is no need to take part in CLO mining or any other kind of a more time-consuming activity to become a staker.
Cold Staking is a great solution for those who have some CLO and want to find a passive income option.
Callisto is an innovative cryptocurrency with a great technical approach. The project is known for its security, however, it is important to choose the right wallet to keep your CLO in. There are quite some options of Callisto wallets on the market at the moment – each and every one of them has something to offer. Guarda is a lightweight non-custodial cryptocurrency wallet, supporting Callisto. CLO is also available for Cold Staking right in our wallets.