Non-Fungible Tokens (NFTs) have seen a boom in recent times, from being a niche market to finding wider appeal among people in the crypto space. While this has opened up the space for artists, creators and collectors alike, there is still a lot that needs to be done in order to facilitate mass appeal.
Calypso is a marketplace for NFTs on the Supermoon Lunar System built on the Binance Smart Chain. In this marketplace, users will have access to unique NFTs, which can be bought using the $CYO token.
What is Supermoon?
Supermoon is a BEP-20 frictionless yield generating token that is building a strong alt-coin community. The Supermoon team aims to create a social networking community fueled by crypto experts and enthusiasts in the space.
It is a deflationary token, with 10% transaction tax split into 5% for token holders, 3% for burning and 2% for the liquidity pool. Supermoon aims to bridge the gap between centralized and decentralized economies through essential financial tools.
The Calypso token
Calypso is the first token in the Supermoon Lunar System that introduces NFTs into the ecosystem. It can be bought using the $CYO token. It will also serve as the base token for the Calypso marketplace which will be launched on Binance Smart Chain.
Use cases of Calypso
The Calypso token will allow users to mint NFTs and holders will be rewarded with BNB passive dividends, deposited automatically into their wallets. Buy orders have a 12% tax while sell orders have a 15% tax. This tax is further redistributed to token holders in BNB. Feedbacks through automatic buys will create a steadily rising price floor, adding liquidity to the pool.
Supermoon’s mission is to fund space exploration projects, and Calypso furthers this by collecting tax using a charity wallet and donating the proceeds to the Dare to Dream Big Foundation.
Calypso releases NFTs every month which users can purchase using $CYO. At the end of the month, 3 random NFTs are chosen and the 1% NFT tax collected in BNB is distributed among the 3 winners of the month.
Calypso has a total supply of 1 quadrillion. A 40% share of the token will be in circulating supply while a 30% share is be reserved for the V1 holders and airdrops. 10% share is to be set aside for research and development and the charity wallet respectively. The remaining 10% would be subjected to an initial burn.
V2 of Calypso would feature a 90% tax for the first 2 days which will then be reduced in a periodical manner till it reaches the regular tax. This is done to make sure that the token’s price floor sees a steady increase in its first week.
As mentioned earlier, Calypso has a 12% tax on all buy orders which can be further broken down to 4% share for BNB Dividends, 3% share for marketing, 2% for liquidity, and 2% buying Supermoon respectively, and a 1% share for the NFT wallet.
Similarly, the 15% sell order tax is broken down to 5% share for BNB Dividends, 4% for marketing, 3% for liquidity, 2% for buying supermoon, and a 1% share for the NFT wallet.
Calypso is the second token in the Supermoon Lunar System and the first token driven by NFTs. The success of Supermoon backs the Calypso project and provides investors and users with a community-driven NFT marketplace that gives them a chance to earn passive income.
Calypso is developed by a team of experts who are experienced in developing platforms and projects. Users have the chance to get buybacks and rewards on their holdings, while the NFT of the month feature adds an element of entertainment to the mix. The aim is for Calypso to grow along with the increasing popularity of NFTs.
Join Calypso on Telegram: https://t.me/OfficialCalypso
For more information on Supermoon and Calypso, please check out their official website.
Disclaimer: This is a paid post and should not be treated as news/advice.