Note: This article was originally published under the Callisto Network blog. We are now evolving into Fushuma, a community-driven blockchain leveraging advanced ZK-Rollup technology for low fees and high throughput.

In Fushuma, FUMA token holders drive on-chain governance by making decisions on network upgrades and project funding. As the ecosystem grows, they are rewarded with tokens airdropped from funded initiatives.

Learn more about our transition and the exciting developments ahead for Fushuma here.

Dear Crypto Community!

We have some exciting news: Today, we completed another CLO Buy Back & Burn, enhancing the value and scarcity of your $CLO coins.

Callisto Network Security Department successfully completed 2 smart contract security audits. We've allocated 20% of the revenue from these audits to buy back and burn CLO coins.

📈 Transaction Details

- Transferred 660 USD to Bitfinex in two transactions for the purchase. (TX 1, TX 2)

- Bought and burned 762,000 CLO coins.

🔥 Why is this important?

By buying and burning CLO coins, we are directly tying the success of Callisto Network audit services to the value of $CLO.

This is more than a policy; it's a commitment to the Callistonians, and to the intrinsic value of the CLO coin.