The Lunar System will soon release the new token — Calypso. Additionally, the Calypso team is building a non-fungible token (NFT) marketplace for the Binance Smart Chain.
Calypso (CYO) is the marketplace’s main currency, as well as the foundational support currency within the Lunar System.
The token will contribute to the consistent growth in the price floor for the Lunar System Mother token Supermoon, while simultaneously rewarding holders with BNB dividends on every transaction.
Calypso’s mission combines helping creatives earn income and also furthering space missions. Through the Lunar System’s Dare to Dream Big Foundation, Calypso will donate toward space exploration using the dedicated charity wallet.
In addition to space exploration, Calypso will fund astronaut scholarships and invest in DeFi education.
The Lunar System
The Lunar System is an ecosystem of DeFi products and services with their own unique use-cases.
Each of the tokens in the ecosystem feeds back into Supermoon, the Mother token, to reinforce and support the Lunar System.
Within the Lunar System, there is Cosmos — a collection of DeFi services that include an anti-bot system as well as a state-of-the-art ILO launchpad.
Supermoon is a deflationary BEP-20 token on the Binance Smart Chain. It is listed on CoinGecko and CoinMarketCap.
It is “the token for those who dare to dream big!,” says the Supermoon website.
Supermoon features a 10% transaction tax split as a weighted distribution between holders, automatic liquidity pool generation, and a marketing wallet.
The Supermoon tokenomics are broken down as follows:
Calypso and creatives
Through the NFT marketplace, Calypso aspires to help creatives by turning their art into digital assets.
These digital assets will then be put up for sale, where the artists won’t incur crippling fees. CYO will function as the currency within the marketplace to facilitate exchanges.
This means buyers will only be able to purchase artworks in CYO.
Future plans for this market are to make it a global hub for all artists to be able to sell their work and earn an income for their hard work.
Calypso (CYO) tokenomics
CYO will be available for purchase on PancakeSwap initially, with plans to make it available on other exchanges in the future.
Total supply
- The initial total supply of Calypso tokens is 1 quadrillion.
- 10% of the supply will be burned after the launch.
Liquidity locked
- Liquidity will be automatically locked following the presale.
Buy and sell tax
Every buy will be taxed 12% and each sell will incur 15% tax. Tax is redistributed to all Calypso holders in BNB which adds to the liquidity pool, creating a rising price floor in the Lunar System.
“Calypso helps further the Supermoon mission of funding space explorations. The way this is done is by collecting tax on a specific charity wallet and using the proceeds for this cause through the Dare to Dream Big Foundation. The Supermoon Calypso team is fully doxxed and has a track record of successful projects behind them,” says the Calypso Whitepaper.
The 12% tax on buys within the Calypso ecosystem will contribute to various areas of the ecosystem. A total of 4% goes to BNB dividends and 3% goes toward marketing.
A total of 2% will be used to purchase Supermoon and another 2% will go toward liquidity. The remaining 1% will be used for the NFT wallet. This will be distributed monthly to three NFT holders.
Sell orders within the ecosystem will incur a 15% tax. This will be distributed as follows:
- 5% for BNB dividends
- 4% for marketing
- 2% to buy Supermoon
- 3% to the liquidity pool
- 1% to the NFT wallet
Calypso’s marketplace and NFTs of the month
Calypso is the first token in the Lunar System undertaking NFTs as its use-case.
“Calypso is a foundational support currency in the Lunar System. As a foundational support currency, the token will help create a continuously rising price floor for Supermoon, while rewarding its holders through lucrative BNB dividends on every transaction,” says the Calypso whitepaper.
Unique NFTs can be purchased using CYO, the core token of the marketplace.
At the end of each month, three Calypso NFTs will be selected as the month’s best. The 1% NFT tax collected for BNB will be redistributed to the winners.
Calypso’s benefits
- Create, Buy, and Sell NFTs
- Enter into monthly prize draws
- Earn BNB and CYO for each NFT sale
- Calypso token holders are rewarded through lucrative BNB dividends paid automatically into their wallets
- Tax is redistributed to all Calypso holders in BNB which adds to the liquidity pool
- Each month one-of-a-kind NFTs are released that can be bought with CYO
- 1% of the BNB collected by NFT tax will be redistributed to three randomly selected winners each month
The Calypso team in Moscow for the Blockchain Life event
The Calypso team has been approved to be part of the Blockchain Life event in Moscow. One of the largest blockchain events in Europe with over 5,000 attendees, 1,000 investors, over 100 investors funds and media, and more than 15 experts in the jury.
They will have the possibility to present the project on a three minutes presentation during the start-up pitch event, in front of thousands of attendees, connect with investors, and have the possibility to meet speakers from Binance, 1inch, and more.
The event will be held from October 27, 2021 to October 28, 2021.
Get your tickets here.
The Calypso team would also like to invite our readers to the event, you can use the discount code “calypso” to get 10% off tickets.
Calypso will make it to the moon one way or another
From the website interface to the success of the Supermoon token, to the launch of an NFT marketplace and the CYO token — everything that this ecosystem offers feels natural and intuitive.
The succession of this platform’s roadmap is undeniably well thought out.
What is clear about the Lunar System as a whole is that creatives have brought to life a space where other creatives can thrive and benefit.
Space and the crypto world have often been intertwined by enthusiasts. However, the remarkable dedication of Calypso to contribute to DeFi education, space exploration, and astronaut scholarships emphasizes that this truly is a community-orientated project.
This next-gen DeFi platform will, in one way or another, make it to the moon.
Stay updated here: Telegram | Website | Medium | Instagram | Whitepaper | Reddit | Calypso Twitter |
Trusted
Disclaimer
This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project guidelines for unbiased and transparent reporting, this content is created by a third party and is intended for promotional purposes. Readers are advised to verify information independently and consult with a professional before making decisions based on this sponsored content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
