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

[SeanWayne]

On a side note I wish the CLO team would consider a signature campaign instead of the current bounty of just posting in this thread.

Wow sound you're very interested to gain clo, right ? . Try to buy first. Its still cheap in the market. You can buy many of them.

I'm just saying that IMO signature campaigns are better because they require a little bit of relevance from the poster/user, like rank and such. This forum is riddled with bots you know?

I know I can buy on the market, and I already have a bag  .

The price on yobit is 6x what it is on stocks.exchange.

I had all my ETC on yobit for the airdrop, if anyone did the same I would take advantage of that easy arbitrage opportunity.

So you're depending on ETC i guess you should, Buy CLO to have a bonus coins or better join the telegram and speak up with the developers and team.

Arbitrage is easy but don't ever try that on bull market coz some exchanges are full of congestions. Opportunity comes first the second part is you'll grab it or not.

[dushanya]

is it possible in the future to transition clo to its own blockchain? is that even possible?)

Callisto Network is not a blockchain, it's the so-called sidechane, that is, a block that will be integrated with the mother blocking Ethereum Classic and will work in both directions.

[tio]

is it possible in the future to transition clo to its own blockchain? is that even possible?)

Callisto Network is not a blockchain, it's the so-called sidechane, that is, a block that will be integrated with the mother blocking Ethereum Classic and will work in both directions.

Callisto Network has their own blockchain

[tio]

Be sure to join the https://t.me/CallistoNetworkNews, so you don't miss any News!

[drngocct]

Hello!
I think that this is a good idea to create signature company. But at the moment there is an alternative bounty, this moderation ANN thread. More info you can read here - https://bitcointalk.org/index.php?topic=4490663.0

Good suggestion.
Currently, Callisto Network team have run lots of campaigns in different channels, but I agree with you that Bitcointalk signature campaign can make a big difference.

[Pitchipuff]

Hello!
I think that this is a good idea to create signature company. But at the moment there is an alternative bounty, this moderation ANN thread. More info you can read here - https://bitcointalk.org/index.php?topic=4490663.0

Good suggestion.
Currently, Callisto Network team have run lots of campaigns in different channels, but I agree with you that Bitcointalk signature campaign can make a big difference.

actually Callisto is listed now to the market which everybody be curious about this signature no need because the ico is already ended they need only to be top on the forum to see the investor what is the progress of the platform.

[GraBitCoin]

Hello!
I think that this is a good idea to create signature company. But at the moment there is an alternative bounty, this moderation ANN thread. More info you can read here - https://bitcointalk.org/index.php?topic=4490663.0

Good suggestion.
Currently, Callisto Network team have run lots of campaigns in different channels, but I agree with you that Bitcointalk signature campaign can make a big difference.

actually Callisto is listed now to the market which everybody be curious about this signature no need because the ico is already ended they need only to be top on the forum to see the investor what is the progress of the platform.

Signatures in the profile are needed. This is an additional advertisement for this ANN. This is working on the overall image of the project. We must not miss the opportunity to expand the community!

[btcsmlcmnr159]

Signatures in the profile are needed. This is an additional advertisement for this ANN. This is working on the overall image of the project. We must not miss the opportunity to expand the community!

Callisto Network will grow definitely and its community will expand significantly in the near future.
We all together should contribute to expand the community, build it up as strong as possible.

[LemonAndFriesOne]

Does JAXX wallet support callisto or how can I get my callisto coins from a JAXX ethereum classic wallet?

[yhendri]

I read the beginning of the forum and saw that several people are well mined clo coins. Do you need to join the pool?

You Will need pool to connect your miner. Or you can create your own pool.

For more detail, check this

https://medium.com/@yohaneshendri2001/how-to-mine-callisto-clo-6af8403b8e37

[yhendri]

is it possible in the future to transition clo to its own blockchain? is that even possible?)

Callisto have its own blockchain since launched. Not like' EOS that need transition.

[nikusPiks]

Good evening . Does anyone have any predictions? What do you think, how many CLO will be in December? Will the income depend on this?

A block is formed roughly every 15 seconds and in each block contains 600 CLO.

There are 86400 seconds in a day so:

86400 / 15= 5760

5760*600= 3,456,000

So right now there are 3,456,000 CLO created each day. 20% of that goes to the treasury fund, 10% of that goes to the staking fund.

3,456,000 * 20% = 691,200

3,456,000 * 10% = 345,600

691,200 + 345,600= 1,036,800

2,419,200 Actual CLO are created and distributed to the miners daily besides the CLO reserved for the funding mechanism.

~150 days until December 2018....3,456,000 * 150 = 518,400,000 created until then

518,400,000+456,258,253(current supply) = 974,658,253

So nearly 1 Billion coins in mined by December, around that time they will enable the cold staking mechanism which IMO is the MOST important aspect of this project. It is what makes it unique and sets it apart from others.

Let's speculate that by that time, with a little hype and marketing the market cap of CLO gets to 120 million (~16x what it is now), that would put each CLO at .12c (12x what it is now) and that is if the price of bitcoin stays the same, if bitcoin goes up the price of each CLO could be even more.

Could be a lot of upside with this project.

Thanks for the calculations! This is very important information for the investor. It turns out that the prospects are very good.

[Sithcs]

Good evening . Does anyone have any predictions? What do you think, how many CLO will be in December? Will the income depend on this?

A block is formed roughly every 15 seconds and in each block contains 600 CLO.

There are 86400 seconds in a day so:

86400 / 15= 5760

5760*600= 3,456,000

So right now there are 3,456,000 CLO created each day. 20% of that goes to the treasury fund, 10% of that goes to the staking fund.

3,456,000 * 20% = 691,200

3,456,000 * 10% = 345,600

691,200 + 345,600= 1,036,800

2,419,200 Actual CLO are created and distributed to the miners daily besides the CLO reserved for the funding mechanism.

~150 days until December 2018....3,456,000 * 150 = 518,400,000 created until then

518,400,000+456,258,253(current supply) = 974,658,253

So nearly 1 Billion coins in mined by December, around that time they will enable the cold staking mechanism which IMO is the MOST important aspect of this project. It is what makes it unique and sets it apart from others.

Let's speculate that by that time, with a little hype and marketing the market cap of CLO gets to 120 million (~16x what it is now), that would put each CLO at .12c (12x what it is now) and that is if the price of bitcoin stays the same, if bitcoin goes up the price of each CLO could be even more.

Could be a lot of upside with this project.

Thanks for the calculations! This is very important information for the investor. It turns out that the prospects are very good.

I am an adherent of this project. I'm not interested in any projects, at least at this stage. I believe that the prospects are not just good, but PERFECT)))

[Socket32]

I tried to set up my rig to mine this coin. on 6 cards 1060 it turns out about 250 coins a day. I consider this a normal indicator, because the price has the potential for growth. As I understand now, 1 coin is worth 2 cents? But the potential is

It's a lot. And on which block will the reward decrease by half? Can you tell me?

what do you use for every transaction of coin?how much the cost?this is big chance for growing of your coin per day if per coin is worth 2 cents.

I asked about something else. I'm wondering on what found block the cost of rewarding miners will decrease.

Every 5 million block, the reward Will reduce 32%

In what year will we reach this "milestone"? I would like to know this date, in order to calculate the investment strategy.

[ANTIMANIA]

I tried to set up my rig to mine this coin. on 6 cards 1060 it turns out about 250 coins a day. I consider this a normal indicator, because the price has the potential for growth. As I understand now, 1 coin is worth 2 cents? But the potential is

It's a lot. And on which block will the reward decrease by half? Can you tell me?

what do you use for every transaction of coin?how much the cost?this is big chance for growing of your coin per day if per coin is worth 2 cents.

I asked about something else. I'm wondering on what found block the cost of rewarding miners will decrease.

Every 5 million block, the reward Will reduce 32%

In what year will we reach this "milestone"? I would like to know this date, in order to calculate the investment strategy.

I'll support your question to specialists. I tried to find the answer in the search, but, unfortunately, I did not find anything.

[Socket32]

Formation of the Security Department of Callisto (EOS) is added

We decided to expand the Callisto Security Department and start working with more platforms. Callisto Security DAO workflow is abstracted from Callisto chain, as the result, we can perform security audits of third-party contracts.

We believe that the EOS is a progressive project and it also needs security audits for its smart-contracts.

Callisto Security DAO workflow is abstracted from Callisto chain

What does it mean? Rather, I need to ask: - How do I understand this?

Here is the answer from the chat administrator to Telegram.
Check our whitepaper first whitepaper.callisto.network

[Socket32]

Formation of the Security Department of Callisto (EOS) is added

We decided to expand the Callisto Security Department and start working with more platforms. Callisto Security DAO workflow is abstracted from Callisto chain, as the result, we can perform security audits of third-party contracts.

We believe that the EOS is a progressive project and it also needs security audits for its smart-contracts.

Callisto Security DAO workflow is abstracted from Callisto chain

What does it mean? Rather, I need to ask: - How do I understand this?

Here is the answer from the chat administrator to Telegram.
Check our whitepaper first whitepaper.callisto.network

It's easier for me to understand if I get a short answer. Is this DAO on smart contracts? If yes, in what network?

DAO on Callisto blockchain, that will be fully released after hardfork no 2. For now, we still in build and develip Security Audit Department and preparing for hardfork no 1.

[fatalen]

I tried to set up my rig to mine this coin. on 6 cards 1060 it turns out about 250 coins a day. I consider this a normal indicator, because the price has the potential for growth. As I understand now, 1 coin is worth 2 cents? But the potential is

It's a lot. And on which block will the reward decrease by half? Can you tell me?

what do you use for every transaction of coin?how much the cost?this is big chance for growing of your coin per day if per coin is worth 2 cents.

I asked about something else. I'm wondering on what found block the cost of rewarding miners will decrease.

Every 5 million block, the reward Will reduce 32%

In what year will we reach this "milestone"? I would like to know this date, in order to calculate the investment strategy.

I'll support your question to specialists. I tried to find the answer in the search, but, unfortunately, I did not find anything.

5 000 000 - 597 000 /mined already/=4 403 000 blocks remaining
5760 blocks/day
4 403 000/5760=764 days=25+ months
It is likely that average block time is less than 15s so we can expect in about 24 months for the block 5M to be mined from now on. Then there will be 3 billions of coins mined.

After that there will be 32% reduce of the coins per block which is 408 coins/block.
It will take approx another 24-25 months for the next 2 040 000 000 coins to be mined.

Next stage another 32% reduction of the reward which leads to 277.44 coins/block.
It will take approx another 24-25 months for the next 1 387 200 000 coins to be mined.

For the final stage there will be 72 800 000 coins left which will take 67 days.

 

[Sithcs]

I tried to set up my rig to mine this coin. on 6 cards 1060 it turns out about 250 coins a day. I consider this a normal indicator, because the price has the potential for growth. As I understand now, 1 coin is worth 2 cents? But the potential is

It's a lot. And on which block will the reward decrease by half? Can you tell me?

what do you use for every transaction of coin?how much the cost?this is big chance for growing of your coin per day if per coin is worth 2 cents.

I asked about something else. I'm wondering on what found block the cost of rewarding miners will decrease.

Every 5 million block, the reward Will reduce 32%

In what year will we reach this "milestone"? I would like to know this date, in order to calculate the investment strategy.

I'll support your question to specialists. I tried to find the answer in the search, but, unfortunately, I did not find anything.

5 000 000 - 597 000 /mined already/=4 403 000 blocks remaining
5760 blocks/day
4 403 000/5760=764 days=25+ months
It is likely that average block time is less than 15s so we can expect in about 24 months for the block 5M to be mined from now on. Then there will be 3 billions of coins mined.

After that there will be 32% reduce of the coins per block which is 408 coins/block.
It will take approx another 24-25 months for the next 2 040 000 000 coins to be mined.

Next stage another 32% reduction of the reward which leads to 277.44 coins/block.
It will take approx another 24-25 months for the next 1 387 200 000 coins to be mined.

For the final stage there will be 72 800 000 coins left which will take 67 days.

 

What's next? All coins will be produced in about 6 years approximately. And how will the network work after that?

[fatalen]

5 000 000 - 597 000 /mined already/=4 403 000 blocks remaining
5760 blocks/day
4 403 000/5760=764 days=25+ months
It is likely that average block time is less than 15s so we can expect in about 24 months for the block 5M to be mined from now on. Then there will be 3 billions of coins mined.

After that there will be 32% reduce of the coins per block which is 408 coins/block.
It will take approx another 24-25 months for the next 2 040 000 000 coins to be mined.

Next stage another 32% reduction of the reward which leads to 277.44 coins/block.
It will take approx another 24-25 months for the next 1 387 200 000 coins to be mined.

For the final stage there will be 72 800 000 coins left which will take 67 days.

What's next? All coins will be produced in about 6 years approximately. And how will the network work after that?

I've asked myself the same question and this problem doesn't affect only Callisto but many other coins.