All about Callisto

in hardfork •  7 years ago 

Ethereum Classic is itself a result of hardfork. Sometimes it is also referred as Classic Ether.

Callisto is a blockchain technology which runs on the Ethereum Classic protocol. Callisto introduces a cold staking protocol which rewards token holders for being participants.
Cold staking is a way of giving CLO token holders incentives for holding for a specific period of time, allowing them to earn interests without validating transactions as transactions will be achieved by the Proof-of-Work algorithm.

At launch, accounts that had Ethereum Classic balances at block 5500000 will receive an equivalent amount of Callisto tokens in the ration of 1:1. Meaning ETC token holders will get 1 Callisto (CLO) token for Every Ethereum Classic (ETH) held. A snapshot of the ETC token would be taken at block 5500000 and will input all account balances to the Callisto block.

Every Ethereum Classic account which has ETC balance on it will receive the equivalent amount of CLO immediately at Callisto platform launch.
Wallets That Would Be Supported by the airdrop include:
ClassicEtherWallet
ClassicMask
MyEtherWallet

There should be a move to the upside for the Ethereum Classic as so many won’t want to miss out on the airdrop Callisto offers.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://usethebitcoin.com/airdrop-alert-ethereum-classic-etc-holders-get-callisto-clo-tokens-free/

I like your work dear
You and analyst @salahuddin2004 are two top analysts of cryptoworld.
His prediction success rate 98%
But I like your work most. Keep posting

Cool! I follow you. +vote

Congratulations @theharshal! You received a personal award!

1 Year on Steemit

Click here to view your Board of Honor

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @theharshal! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!