Callisto Network Evolution to Fushuma

Illustration depicting a traditional Japanese bridge with people crossing, symbolizing the transition from Callisto Network to Fushuma and the journey towards a transparent future.
  • Callisto Network Evolution to Fushuma: Bridging the Past to a Transparent Future.
  • Building a Transparent Tomorrow on the Foundations of the Past.
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Since 2021, the Callisto Enterprise team has been dedicated to building a secure, decentralized ecosystem for Callisto Network. Over these years, we have reached a pivotal moment: the Callisto Network Evolution to Fushuma. This journey, marked by innovation, learning, and the incredible support from the community, has led us to this significant milestone.

Recent challenges, especially the SOY Finance incident, have underscored the necessity for growth and adaptation. This evolution aims to strengthen our governance, enhance security, and deepen community involvement, building on the foundation we've created.

Recognizing the need for a significant evolution to uphold our values of security, user-centricity, and decentralization, we stand at a crossroads, ready to write a new chapter strengthened by our experiences and the community's trust. It's in these moments of adversity that the future becomes clear.

ACHIEVEMENTS WITHIN CALLISTO NETWORK

Our work within Callisto Network has built a robust foundation for what comes next:

  • Community and Transparency Efforts: Initiatives such as the Progress Tracker, monthly ecosystem reports (22 issues), and the Callisto Improvement Proposal system reflect our dedication to transparency and active community engagement.

  • Miscellaneous: The ‘One Earth, One Heart‘ charity initiative highlights our commitment to making a positive impact beyond the blockchain, with 40,000 USD donated to date.

Strengthened by our experience, we are delighted to unveil our vision of what cryptocurrency should stand for: decentralization, security, scalability, and community empowerment.

FUSHUMA - CODE NAME [CALLISTO EVOLUTION]

Strengthened by our experiences, we are excited to introduce Fushuma, previously codenamed [Callisto Evolution]. This initiative, developed in consultation with key stakeholders, including the Invictus Investment Fund, represents the culmination of the Callisto Network Evolution to Fushuma, addressing the community's feedback and overcoming the constraints of the Callisto Network infrastructure.

Fushuma aligns with our foundational principles of decentralization, security, scalability, and community empowerment as outlined in our “Blueprint” and “Modern Theory of Democracy”.

PHASE 1: ROLLING OUT LAYER 2

Fushuma will be deployed as a Layer 2 platform on the Callisto Network blockchain in its initial phase. This phase, which we refer to as the "Testnet Mainnet," serves two primary purposes:

1. Real-World Testing: Deploying on Callisto Network allows us to test and refine various protocols in a live environment, such as the Treasury DAO and advanced DeFi applications.

2. Strategic Analysis: During this phase, Dr. ZS and Vladimir will explore and analyze potential Type 1 blockchain solutions. Their focus is on identifying the optimal fit for the Callisto Network Evolution to Fushuma, ensuring the proper integration of decentralized governance and performance enhancements. Once a suitable option is identified, a formal Fushuma Improvement Proposal (FIP) will be submitted. This proposal will be shared with the community for feedback and discussion, ensuring transparency and collaborative decision-making.

CALLISTO NETWORK EVOLUTION TO FUSHUMA: PHASE 1

  • DAO Deployment: Rolling out the Fushuma DAO for decentralized governance and community-driven decision-making, enhancing transparency and engagement.

  • Treasury Airdrops: Projects funded by the Fushuma treasury will allocate a share of their tokens to FUMA holders through airdrops, directly benefiting the community.

  • Innovative Monetary Policy: Implementing a monetary policy that promotes ecosystem stability and growth.

  • Advanced Technology: Leveraging Polygon CDK technology that including checkpointing on Callisto Network, to ensure network integrity.

  • Low Gas Fees: Significantly reducing gas fees to make transactions more accessible.

  • High-Speed Transactions: Targeting around 10,000 transactions per second to boost network throughput.

  • Ease of Integration: Simplifying the integration of new projects to foster innovation.

  • Interoperability and Innovation: Guaranteeing seamless interoperability with the Ethereum-compatible blockchains.

  • Building Strong Partnerships: Focusing on strategic partnerships to extend network capabilities and reach.

MIGRATION: TRANSITIONING TO FUSHUMA

As we embark on this new phase, the role of the community is crucial in shaping a platform that truly belongs to its users.

We've designed a token migration plan to facilitate a smooth transition from March 1, 2024, to September 1, 2024, as part of the Callisto Network Evolution to Fushuma, enabling CLO and CLOE holders to migrate to CE tokens (Callisto Evolution tokens).

FUMA TOKENOMICS

FUMA economic model aims to be fair, sustainable, and growth-oriented, empowering the FUSHUMA community and stakeholders. Tokens distribution will be managed through a DAO, ensuring transparent funding with clearly defined cliff and vesting periods.

PARTNERSHIPS

Callisto Enterprise's ongoing collaborations are now excited about Fushuma's launch. Originally planned for Callisto Network, these projects are transitioning to Fushuma, reflecting their enthusiasm and commitment.

A NEW BEGINNING

As we launch Fushuma, the former Callisto Enterprise team, the Invictus Investment Fund, and our partners are eager for what lies ahead. Our time within Callisto Network has been rewarding, and we extend our gratitude to the Callistonians for their support, collaboration, and above all, their trust.

Callisto Enterprise will end its activities related to the Callisto Network POW server infrastructure on April 1, 2024. From this date, all POW infrastructures managed by Callisto Enterprise will no longer be maintained.

This transition marks a new beginning. We anticipate the opportunities and innovations that the Callisto Network Evolution to Fushuma will bring to the blockchain space and invite our community to join us in this exciting new chapter.

Your participation is crucial, shaping Fushuma into a space that reflects our collective values and aspirations.

CALLISTO NETWORK EVOLUTION TO FUSHUMA - TIMELINE

COMPLETED

IN PROGRESS

TO BE ANNOUNCED

  • Fushuma Mainnet.

  • DeFi Protocol Launch.

  • Partner Project #1 Launch.

  • Partner Project #2 Launch.

  • NFTs Bridge.

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