Callisto Evolution to Fushuma: Migration Results, Airdrop and Staking Unveiled

Context

Fushuma launched a migration program to provide Callisto Network participants a simple and fair way to transition into the new Fushuma ecosystem [codename Callisto Evolution]. For more details about the Callisto Evolution, click here.

The migration served two primary purposes:

1. Enable Callisto Network investors and community members to follow the team into this new initiative that ensures a competitive position in the blockchain space and to be part of the growing ecosystem.

2. Ensure Fushuma's decentralization from day one; by leveraging Callisto Network's Proof-of-Work model, which has decentralized CLO supply since its launch in 2018, Fushuma inherits the strengths of a widely distributed base.

To support this, 24% of the FUMA supply (5,040,000,000 tokens) was allocated to the migration. This allocation was to give any Callisto Network participant the opportunity to migrate during the six-month migration window.

Migration Results

During the migration process, 331,567,071 $CLO and 38,474,231 $CLOE were migrated, resulting in the minting of 1,101,052,091 $FUMA tokens. An additional 1,101,052,091 $FUMA tokens were allocated as a bonus (equivalent to 100% of the migrated amount).

In total, 2,202,104,205 $FUMA tokens will be distributed to migrators, representing 44% of the allocated supply of 5,040,000,000 $FUMA.

The remaining 2,837,895,795 $FUMA will be distributed according to the Fushuma tokenomics.

Undistributed Bonus Allocation

• Migrators Undistributed Bonus: 1,101,052,091 $FUMA.
• ICO Undistributed Bonus (5%): 141,894,789.7 $FUMA.
  • First Round Allocation (FIP-2): 75,000,000 $FUMA (100% bonus).
  • Second Round Allocation: 66,894,789.7 $FUMA (Details to be announced).
• Treasury Undistributed Bonus (35%): 993,263,528.1 $FUMA.
• Airdrop Undistributed Bonus (10%): 283,789,579.5 $FUMA.

This leaves a remaining supply of 1,418,947,897 $FUMA, reserved for distribution through staking rewards.

FUMA Token Airdrop

FUMA tokens will be distributed via an airdrop on the Fushuma blockchain. A snapshot of Callisto Evolution token holders will be taken on January 13th, 2025, at 19:00 UTC on Callisto Network, and the airdrop will follow the release schedule determined during the migration phases.

Cliff and Vesting Periods

The migration was conducted in four phases, each with a specific release schedule, including cliff and vesting periods. These schedules will start with the platform’s official launch date:

Below is the release schedule as previously announced:

• Phase 1 (CE 1): Cliff: 1 Month. | Vesting: 6 Months.
• Phase 2 (CE 2): Cliff: 3 Months. | Vesting: 12 Months.
• Phase 3 (CE 3): Cliff: 6 Months. | Vesting: 15 Months.
• Phase 4 (CE 4): Cliff: 6 Months. | Vesting: 18 Months.

Introducing FUMA Staking

To reinforce decentralization and ensure equitable distribution, 1,418,947,897 $FUMA tokens will be allocated to a staking rewards pool. This staking mechanism will encourage active participation and reward long-term commitment within the ecosystem.

Staking allows participants to lock their tokens and earn additional $FUMA rewards over time. This mechanism ensures fair access to FUMA for anyone interested in contributing to the ecosystem.

The Role of Staking in Decentralization

1. Open to All: Anyone with FUMA tokens can participate in staking, ensuring a wide distribution of rewards across diverse participants.

2. Effort-Based Rewards: Staking requires participants to lock their tokens, creating a fair system where rewards are earned through active involvement rather than passive ownership.