What is Castello Coin?

Castello Coin (CAST) is the native hybrid utility/payment token for the CASTstudio project. It aims to establish a digital ecosystem, providing brands and artists an immersive experience to showcase their products through Non-Fungible Tokens (NFTs) and connect with a new audience. The CAST Coin aims to facilitate transactions in both the traditional and modern worlds, bridging the gap between heritage and innovation. It is designed to seamlessly blend the traditional and modern world, creating a bridge between the traditional world of finance, traditional forms of art, and the new world of cryptocurrencies and the digital age.

How does Castello Coin work?

The CAST Coin operates within the CASTStudio ecosystem, which empowers emerging artists while offering established artists the opportunity to redefine their craft. The platform enables artists to express their creativity in diverse and exciting forms through curated events that blend these worlds. The protocol's auto-Perpetual Staking mechanism aims to maintain the coin's utility over time by reducing its circulating supply. The CastDAO, comprising NFT and Coin holders from the ecosystem, empowers them to make democratic choices collectively, ensuring that actions align with the community's interests.

What are the potential use cases for Castello Coin?

The CAST Coin has a variety of potential use cases within the CASTStudio ecosystem. It serves as a facilitator for transactions and interactions within the platform. Artists can use CAST Coin to showcase their work through NFTs, reaching a new audience and redefining their craft. Active community members can benefit from CASTStudio's achievements through an innovative reward system. The coin also plays a crucial role in the platform's auto-Perpetual Staking mechanism, which aims to maintain the coin's utility over time by reducing its circulating supply.

What is the history of Castello Coin?

The CAST Coin was introduced as part of the CASTStudio project, which was formed by HoGA Capital AG in July 2021. The initial whitepaper and website were launched in August 2021, and the first art project, "Castello Cube," began the same month. The project has since undergone several developments, including the completion of smart contract audits by Certik and Byterocket, the introduction of the CAST Token to the market, and the development of a decentralized application (dApp). The project has also hosted several exhibitions of the Castello Cube, gaining attention. The CAST Token has undergone a transformation from a basic payments token to a utility token within the wider CAST Studio universe.