Callisto Network
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  • Whitepaper
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  • ๐Ÿ—“๏ธEcosystem Reports
    • Callisto Monthly - February 2023
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      • ๐Ÿ‡ต๐Ÿ‡ญCallisto Monthly - September 2022 (PHI)
      • ๐Ÿ‡จ๐Ÿ‡ณCallisto Monthly - September 2022 (CN Simplified)
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  • Technologies
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      • Crypto-models To Overcome Inflation and Callisto Network's Approach
      • Skuld Hard Fork - Update On Progress
    • ๐ŸงŠCold Staking
      • Cold Staking And PoS Staking Comparison
    • ๐Ÿช™Wrapped Callisto (ccCLO)
    • ยฎ๏ธDexNS 2021
    • โ›๏ธProof of Work
      • ZPoW #1 - Exploiting The Block Time & Block Size
      • Callisto Network Introduces the Dynamic Gas Price
    • โ“‚๏ธCallisto Network Masternodes
    • ๐ŸŽ“Tutorials
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        • Update the RPC URL in MetaMask
      • How to buy Callisto with Your Credit Card
      • How to Run a Callisto Network Node?
      • Callisto Network Masternodes Set-up
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      • We Fund You Award - 1st Edition
  • Security Department
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      • Auditing Department Amendment v5
    • ๐Ÿ“–Documentation
      • ๐Ÿ›ก๏ธSecurity Department Best Practices
      • ๐Ÿช™ERC 223 Token Standard
        • ERC20 Standard Main Issue
      • ๐Ÿ–ผ๏ธCallistoNFT Standard
        • Roadmap
      • โœ–๏ธCross-Chain Bridges Security Model
    • Products & Services
      • ๐Ÿ”Security Audits For Smart Contracts
        • Mission: Securing The Smart Contracts Ecosystem
        • Trust and Smart Contracts: Code is the Limit
    • ๐ŸคVarious Contributions
      • Ethereum Classic
        • ECIP-1092 51attack solution: PirlGuard & Callisto proposal
      • Ethereum
        • Statement regarding Geth v1.10.8 split
      • EOS
        • Page 1Chintai (EOS resource exchange) low severity issue.
        • EOS congestion 9/13/2019 and EOSPlay hack
      • Ultimate solution to 51% attacks: amend the Nakamoto consensus
  • Hack Investigation Dept.
    • Hack Investigation Department
    • Helio Exploit
    • Binance Bridge Hack
    • TempleDAO's STAX Contract Hack Investigation
    • NFT Theft Analysis
    • AUDIUS Governance System Exploit Overview
    • LUNA โ€˜Hardforkโ€™ Review
  • One Earth, One Heart
    • ๐ŸŒŽOne Earth, One Heart
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  • Community
    • ๐Ÿ“ฅCallisto Network Improvement Proposals
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      • Callisto Team's Ask Me Anything on 04/05/2023
      • Callisto Team's Ask Me Anything on 03/03/2023
      • Callisto Team's Welcome AMA on 10/11/2022
      • Callisto Team's Ask Me Anything on 10/10/2022
      • Callisto Security Team's Ask Me Anything on 02/09/2022
      • Callisto Team's Ask Me Anything on 28/07/2022
      • Dexaran's Ask Me Anything on 11/04/2022
    • ๐Ÿ“ŒGet Started
  • Callisto Enterprise
    • ๐Ÿช™Callisto Enterprise Token
      • Vision and Tokenomics
    • ๐Ÿ‘ฅTeam
      • Callisto Team Motivation System
  • In The Press
    • ๐ŸŸขCallisto Network
      • Ethereum, Ethereum Classic, Callisto Network, A Common History
      • Callisto Network: Three Years After Mainnet Launch
      • Czech Ethereum Killer
    • ๐Ÿ–ผ๏ธNFTs
      • Artist Creates And Then Destroys Art To Launch CallistoNFT
      • Security Network Develops New NFT Standard To Address ERC-721 Flaws
  • Miscellaneous
    • ๐ŸงฉMedia Kit
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On this page
  • Callisto Network and Callisto Coin
  • What is Wrapped Callisto (ccCLO)?
  • So How To Convert CLO Coins To ccCLO Tokens?
  1. Technologies

Wrapped Callisto (ccCLO)

PreviousCold Staking And PoS Staking ComparisonNextDexNS 2021

Last updated 2 years ago

Callisto Network and Callisto Coin

Callisto Networkโ€™s main objective is to improve the blockchainโ€™s ecosystem security. Since 2018 we have contributed to enhancing Ethereum, Ethereum Classic, EOS and have conducted over 350 smart contracts audits, making us the leader of the crypto-security industry.

Smart Contract Audits Companies Comparison (Coin98 Analytics 09/20)

Clo is the native coin of the Callisto Network blockchain, so itโ€™s necessary to hold CLO to use the features of the Callisto ecosystem and to pay the transactions fees.

Below are the main features of the Callisto Network ecosystem:

  • Smart Contract Audits

  • Smart Contract Migration

  • Cold Staking

  • CryptoBot Wallet

  • Soy Finance

  • Callisto Bridge

On the way to come:

  • Immortal Lottery

  • Cyborg league (NFT video game)

What is Wrapped Callisto (ccCLO)?

Wrapped Callisto (ccCLO) is a token tied to Callisto coin (CLO).

In short, ccCLO represents the Callisto coin on other blockchains, which means that for each โ€œccCLOโ€ a โ€œCLOโ€ coin on the Callisto Network is reserved and thus their value is equal.

With the ccCLO tokens, users can move and use Callisto coin as an asset between blockchains without being restricted to the Callisto Network blockchain, which in turn results in increasing the Callisto coin liquidity and usability.

In other words, you can now use your Callisto coin (CLO) on other chains.

This opens up the Callisto coinโ€™s frontiers and allows it to be exchanged with any cryptocurrency on decentralized exchanges such as PancakeSwap, and eventually used in yield farming applications.

So How To Convert CLO Coins To ccCLO Tokens?

This is where the Callisto Bridge comes in!

The wrapped CLO coins on the Callisto Network blockchain are reserved in a smart contract to create their corresponding ccCLO tokens on any other blockchain.

When a user wants to unwrap his/her ccCLO tokens, these tokens are burned, and the equivalent amount of CLO coins is unlocked on the Callisto Network blockchain.

The ccCLO token is currently deployed on Binance Smart Chain and Ethereum chain under the following contract address:

โ€“ 0xccbf1c9e8b4f2cdf3bfba1098b8f56f97d219d53.

Note: The wrapping/unwrapping process involves paying gas fees. It is, therefore, necessary to own the destination blockchainโ€™s native coins to cover these fees (ETH for Ethereum, BNB for Binance Smart Chain).

Similar to an exchange, the allows you to convert your Callisto coins (CLO) from the Callisto Network chain to wrapped Callisto (ccCLO) tokens on one of the supported blockchains and vice versa.

๐Ÿช™
Callisto Bridge