[ANN][POW][CLO] Callisto Network - Cold Staking & Security Audits

[FinalCo]

The storage bridge nodes will be elected and paid for by the Callisto Team before the Hard Fork №2. After Hard Fork №2, these nodes will be elected and paid for by the Cold Stakers decision.

So the Cold Stakers will vote for the inclusion of the nodes and the transfer of the CLO as a reward?

It seems that I got an answer to my question. The network of Callisto becomes EOS, or rather takes from it the best in accordance with its tasks.

I very much doubt the success of EOS. It seems to me that this is a fraud. This is an attempt at global centralization. Instead of a great many servers, they make a small, very limited number and still sell space and RAM.

Agree Dan Larimer is an ambiguous expert. It seems that this time too, he will tear the jackpot and go to the side coming up with a new project.

It is important for us that this project develop successfully. I also tend to think that prematurely received billions of dollars will lead to a collapse.

Do you think that money will be stolen? Or, maybe, for them lawsuits will begin? Or recognize the conduct of ICO illegal distribution of securities?

The EOS token gives the right to vote. The EOS token gives the right to a share of the network resources. The law is broken? And this, in turn, means that there are people willing to take illegally collected funds)))))

Be that as it may, the team of the Network Callisto arrives correctly, expanding its influence on other projects. Interaction between projects is a good experience.

In this I agree with you. This fact will have a positive impact on the attitude towards the project of participants in other communities.

Initially, a question was asked about whether Cold Stakers would vote for the selection of nodes and the payment of rewards. Is this the correct interpretation of this news, or is the question incorrect?

[Banny_hopyy94]

Cold staking offers a simplified lending process, with shorter staking periods (Callisto’s starts at one month) and no minimum deposit amounts. Cold staking’s ease of use to the non-technical user provides anyone the opportunity to collect dividends on their holdings, simply by holding their Callisto and without the requisite hardware to run a master node. This encourages Callisto holders to hold their funds and invest in the Callisto network by locking up their CLO for short periods of time on the network, and rewards them for their participation with an adequate return where they may otherwise not be able to participate in a crypto lending facility. Now that the main differences between cold staking and master nodes are broadly understood, consider the theoretical similarities between cold staking and financial instruments, such as a certificate of deposit:

Let’s assume User1 acquires 10,000 CLO as a speculative position in November, 2018.

User1 has no immediate plans to liquidate their CLO and can commit to a minimum holding period of 4 months. Based on some initial projections, they can stake their entire balance for 4 months, and without purchasing a single CLO throughout the holding period, could claim their initial stake and reward in March, 2019 for 12,862* CLO. That amounts to a 29% return over a period of 4 months. This is quite attractive from an investment perspective, even assuming CLO price in a vacuum for the entire staking period. Now compare this to a traditional fiat currency investment of comparable terms and structure. User1 could invest $10,000 USD in a certificate of deposit and at current rates, be “guaranteed” an approximate annualized yield of 0.58%, which is the national average on a 1 year certificate of deposit. Since 4 month terms aren’t typically available, you would need to either accept a 30 day yield at approximately 0.08%, or lock up your funds for a period of 6 or 12 months. At the end of 12 months, User1 would earn a paltry $58 for lending their $10,000 to a financial institution. When taking into consideration inflation and income taxes, User1 is essentially guaranteed to LOSE money in real terms. If evaluated in parallel to cold staking, the opportunity cost is substantial. Thus, when evaluating investment alternatives in simplified terms, User1 is faced with an opportunity to enter into a cold staking protocol with more flexibility, lower risk, and a high probability of a superior return.

I think it's a brilliant decision to channel a portion of mining earnings to the Cold Staking income. In the network, not only miner, but also simple CLO holders will be interested.

[kripTavalleT88]

This project is very promising. What is the difference between your project and other similar projects?

[CoinDrop99]

This seems very interesting hm.
Clear and impeccable site, great plan. Good luck!

[Milikaiin]

Very pleased with the Russian chat in a telegram. Very friendly and promising community.

[mgerme]

Cold staking offers a simplified lending process, with shorter staking periods (Callisto’s starts at one month) and no minimum deposit amounts. Cold staking’s ease of use to the non-technical user provides anyone the opportunity to collect dividends on their holdings, simply by holding their Callisto and without the requisite hardware to run a master node. This encourages Callisto holders to hold their funds and invest in the Callisto network by locking up their CLO for short periods of time on the network, and rewards them for their participation with an adequate return where they may otherwise not be able to participate in a crypto lending facility. Now that the main differences between cold staking and master nodes are broadly understood, consider the theoretical similarities between cold staking and financial instruments, such as a certificate of deposit:

Let’s assume User1 acquires 10,000 CLO as a speculative position in November, 2018.

User1 has no immediate plans to liquidate their CLO and can commit to a minimum holding period of 4 months. Based on some initial projections, they can stake their entire balance for 4 months, and without purchasing a single CLO throughout the holding period, could claim their initial stake and reward in March, 2019 for 12,862* CLO. That amounts to a 29% return over a period of 4 months. This is quite attractive from an investment perspective, even assuming CLO price in a vacuum for the entire staking period. Now compare this to a traditional fiat currency investment of comparable terms and structure. User1 could invest $10,000 USD in a certificate of deposit and at current rates, be “guaranteed” an approximate annualized yield of 0.58%, which is the national average on a 1 year certificate of deposit. Since 4 month terms aren’t typically available, you would need to either accept a 30 day yield at approximately 0.08%, or lock up your funds for a period of 6 or 12 months. At the end of 12 months, User1 would earn a paltry $58 for lending their $10,000 to a financial institution. When taking into consideration inflation and income taxes, User1 is essentially guaranteed to LOSE money in real terms. If evaluated in parallel to cold staking, the opportunity cost is substantial. Thus, when evaluating investment alternatives in simplified terms, User1 is faced with an opportunity to enter into a cold staking protocol with more flexibility, lower risk, and a high probability of a superior return.

a very interesting example, and most importantly very detailed painted. This is not just a thought, but a whole analytical article that positions Callisto only on the positive side. If you do not mind, I want to take your thoughts as a basis and write a short article in this direction.

[Bardadym]

This project is very promising. What is the difference between your project and other similar projects?

In that this plug, forks, as a rule, is higher and better than the previous coin and most importantly that the price of the coin is very low and did not print on the good stock exchanges!

[Name_none]

Hello to all!
Can someone give me a link to info about the airdrop mentioned? If I have a some CLO already, can I get small bonus or not? And ETH must hold on non exchange wallet?

[f1ashnB]

Security DAO Codex and Cold Staker’s Codex

it was decided that it will be necessary to create two documents, which will be a formal set of rules for each participant of the Callisto network.

The Security DAO codex is a set of rules that should be followed by security auditors, auditing managers, and cold stakes to ensure the smooth and proper operability of the Security DAO. This set of rules formally describes the actions that participants must take during the Security DAO workflow, as well as the criteria that will guide cold stakers in voting FOR or AGAINST the election of a certain participant and evaluation of the activities of participants.

The Cold Staker’s Codex describes the decision-making process for the allocation of Treasury funding and the criteria that the cold staker must follow when making a decision/voting.

So Cold Staker's will have the right to vote. But what exactly are the criteria they will be guided so far it is not known? Although, how can rules affect the ego of an individual? All the same they will vote as it is profitable for them or for those who buy their voice.

[f1ashnB]

Security DAO Codex and Cold Staker’s Codex

it was decided that it will be necessary to create two documents, which will be a formal set of rules for each participant of the Callisto network.

The Security DAO codex is a set of rules that should be followed by security auditors, auditing managers, and cold stakes to ensure the smooth and proper operability of the Security DAO. This set of rules formally describes the actions that participants must take during the Security DAO workflow, as well as the criteria that will guide cold stakers in voting FOR or AGAINST the election of a certain participant and evaluation of the activities of participants.

The Cold Staker’s Codex describes the decision-making process for the allocation of Treasury funding and the criteria that the cold staker must follow when making a decision/voting.

So Cold Staker's will have the right to vote. But what exactly are the criteria they will be guided so far it is not known? Although, how can rules affect the ego of an individual? All the same they will vote as it is profitable for them or for those who buy their voice.

Do you think that since it is a question of allocating funds, will there be bribery? To know this one must accurately represent the benefits of this. Who will benefit from this?

I just pointed out the danger. I did not mean to say that it would be so. It is obvious that if the posts of security auditors and auditing managers are elected, then it will be beneficial for them to buy the votes cold stakes.

[f1ashnB]

Security DAO Codex and Cold Staker’s Codex

it was decided that it will be necessary to create two documents, which will be a formal set of rules for each participant of the Callisto network.

The Security DAO codex is a set of rules that should be followed by security auditors, auditing managers, and cold stakes to ensure the smooth and proper operability of the Security DAO. This set of rules formally describes the actions that participants must take during the Security DAO workflow, as well as the criteria that will guide cold stakers in voting FOR or AGAINST the election of a certain participant and evaluation of the activities of participants.

The Cold Staker’s Codex describes the decision-making process for the allocation of Treasury funding and the criteria that the cold staker must follow when making a decision/voting.

So Cold Staker's will have the right to vote. But what exactly are the criteria they will be guided so far it is not known? Although, how can rules affect the ego of an individual? All the same they will vote as it is profitable for them or for those who buy their voice.

Do you think that since it is a question of allocating funds, will there be bribery? To know this one must accurately represent the benefits of this. Who will benefit from this?

I just pointed out the danger. I did not mean to say that it would be so. It is obvious that if the posts of security auditors and auditing managers are elected, then it will be beneficial for them to buy the votes cold stakes.

So far we can not draw unequivocal conclusions. It is necessary to wait for answers from the developers.

You're right. Let's do this. We will follow the news.

[Pitchipuff]

Cold staking:
Not necessary to run a node to engage in cold staking;
No minimum staking amount;
No hardware investment;
Stake and reward must be claimed;
Shorter staking periods;
Governed by simple smart contracts;
More inclusive;
Seamless.

all of this is on the process of Callisto? You dont have minimum amonth for buying? Clo need to be staked? After November any idea how many percent can grow up?

[CAKWAWAN]

What is the public opinion, especially the bitcoiner with the Callisto Network? What impact does the environment have on Callisto Network?

[Darin Bunkers]

Hi team!
It is a crypto trade is very good!
Unbiased job, outstanding project!

[Sivainvest]

Development Progress

Callisto network will be providing free security audits for EOS smart-contracts.

Currently we have 5 security auditors employed, who are currently working on open projects, and are looking for a few more to join our team. Here is the formal proposal.

       Junior security auditor: 17,500 CLO/month (programmer with a lack of experience of developing/security auditing in smart contracts).
       Medior security auditor: 60,000 CLO/month.
       Senior security auditor: 120,000 CLO/month (expert security auditor with a good auditing history)

What is it? What does EOS have to do with it?

hahaha every good company is in look of best specialists. I think governments need to create such educational courses.

[TIXON9I]

Development Progress

Callisto network will be providing free security audits for EOS smart-contracts.

Currently we have 5 security auditors employed, who are currently working on open projects, and are looking for a few more to join our team. Here is the formal proposal.

       Junior security auditor: 17,500 CLO/month (programmer with a lack of experience of developing/security auditing in smart contracts).
       Medior security auditor: 60,000 CLO/month.
       Senior security auditor: 120,000 CLO/month (expert security auditor with a good auditing history)

What is it? What does EOS have to do with it?

hahaha every good company is in look of best specialists. I think governments need to create such educational courses.

I can not understand that here you see ridiculous. Can you clarify your comment?

[murgut]

is this coin already listed on some exchanges? if it is i am curious how much a coin worth.

[nikusPiks]

Cold staking is a game changer in crypto and provides an appealing incentive to hold your coins and eliminates the barriers to entry that are inherent in master nodes. I for one, will be cold staking my CLO in November.

Calculations derived from this calculator: https://mining.alekseirubin.com/clostaking/?percent=50&invested=10000

[icestar001]

In the short term, it looks like the market needs to restore some stability. Now it's a good time to buy a token.

[Sat0shiTeam]

Cold staking is a game changer in crypto and provides an appealing incentive to hold your coins and eliminates the barriers to entry that are inherent in master nodes. I for one, will be cold staking my CLO in November.

Calculations derived from this calculator: https://mining.alekseirubin.com/clostaking/?percent=50&invested=10000

Good work, good calculator. You do not know what value to put in the field "Percent of total supply in staking"? How many plan to take away from the miners?