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

[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.

I think this is a large number. The price will not be very high.

What about Ripple? There is no mining, the coins are simply "drawn". The number is prohibitive. Most developers have coins. And the price is 45 c!

[FinalCo]

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.

I think this is a large number. The price will not be very high.

Well, if it is so. Stealing tokens with bad smart contracts harms the platform

It will be good if it is so! I agree with you. The damage to the platform's reputation, because of smart contracts written with errors, is incommensurable with such a limitation.

[CoinKwoT]

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.

I think this is a large number. The price will not be very high.

Well, if it is so. Stealing tokens with bad smart contracts harms the platform

It will be good if it is so! I agree with you. The damage to the platform's reputation, because of smart contracts written with errors, is incommensurable with such a limitation.

Something I can not believe that such a restriction will be introduced. I think that the audit of a smart contract will be carried out on an individual basis

[Socket32]

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.

I think this is a large number. The price will not be very high.

What about Ripple? There is no mining, the coins are simply "drawn". The number is prohibitive. Most developers have coins. And the price is 45 c!

In the case of Ripple, I am of the opinion that the price of the coin is artificially overstated and supported by the main owner. More like a scam))) I do not understand why the authorities do not stop this crime.

[FinalCo]

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.

I think this is a large number. The price will not be very high.

Well, if it is so. Stealing tokens with bad smart contracts harms the platform

It will be good if it is so! I agree with you. The damage to the platform's reputation, because of smart contracts written with errors, is incommensurable with such a limitation.

Something I can not believe that such a restriction will be introduced. I think that the audit of a smart contract will be carried out on an individual basis

In this topic, we express our opinions and ideas. We can make mistakes, I can be wrong. From the decision of the developers depends on whether a new fork will appear based on their code or not.

[CoinDrop99]

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.

I think this is a large number. The price will not be very high.

Well, if it is so. Stealing tokens with bad smart contracts harms the platform

It will be good if it is so! I agree with you. The damage to the platform's reputation, because of smart contracts written with errors, is incommensurable with such a limitation.

Something I can not believe that such a restriction will be introduced. I think that the audit of a smart contract will be carried out on an individual basis

In this topic, we express our opinions and ideas. We can make mistakes, I can be wrong. From the decision of the developers depends on whether a new fork will appear based on their code or not.

Why do you think that there might be a new fork? Based on what considerations did you draw such a conclusion?

[KarambaCoin]

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.

I think this is a large number. The price will not be very high.

What about Ripple? There is no mining, the coins are simply "drawn". The number is prohibitive. Most developers have coins. And the price is 45 c!

In the case of Ripple, I am of the opinion that the price of the coin is artificially overstated and supported by the main owner. More like a scam))) I do not understand why the authorities do not stop this crime.

In this project there is a real product for all Internet users. This is a secure file storage. Therefore, the CLO price will be determined by the number of users.

[CoinDrop99]

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.

I think this is a large number. The price will not be very high.

What about Ripple? There is no mining, the coins are simply "drawn". The number is prohibitive. Most developers have coins. And the price is 45 c!

In the case of Ripple, I am of the opinion that the price of the coin is artificially overstated and supported by the main owner. More like a scam))) I do not understand why the authorities do not stop this crime.

In this project there is a real product for all Internet users. This is a secure file storage. Therefore, the CLO price will be determined by the number of users.

True, the more number of users will store their files, the more CLO will be frozen by the smart contract.
So these CLO for file storage must first be purchased on the exchange.

[KarambaCoin]

True, the more number of users will store their files, the more CLO will be frozen by the smart contract.
So these CLO for file storage must first be purchased on the exchange.

Quite right. Anyone who wants to hide their personal information in Callisto Network will need to buy a CLO. And to store these data there will be nodes which we will choose through DAO (I so understood).

[BlocksTechnology]

True, the more number of users will store their files, the more CLO will be frozen by the smart contract.
So these CLO for file storage must first be purchased on the exchange.

Quite right. Anyone who wants to hide their personal information in Callisto Network will need to buy a CLO. And to store these data there will be nodes which we will choose through DAO (I so understood).

It's not clear to me. Who will have the right to vote in the DAO? How will I be asked to add a new node to the network? How will the payment for the work of the node be determined in the network?

[Sithcs]

Another goal of Callisto Network is the implementation of experimental
protocols, which are a combination of core features implemented in smart-contracts and merged protocol-level configuration.
An important point is the ability to implement key platform features using built-in mechanisms: ie smart-contracts.

 Callisto Network is intended to solve this problem for CLO and ETC ecosystems with an "Official Smart-contract Auditing Department of CLO & ETC". This represents a completely free opportunity for a professional smart-contract developer to audit their smart-contract.

A standard procedure of secure smart-contract development for the ETC & CLO ecosystem will be developed. This standard procedure will include auditing of smart-contracts. Usually, auditing is quite expensive and some developers neglect it before launching their smart contracts.

Utilizing capabilities of the Callisto Network, we aim to establish a free-for-all system of smart-contract auditing.
1. A registration of audited smart-contracts will be created.
Every smart-contract that successfully passes the security audit will receive an official audited status. Otherwise, the contract will remain non-audited by default.
2. Everyone will be allowed to submit auditing requests and this is completely free for smart-contract developers.
3. A full-time team of smart-contract auditors will be hired to review each request for a smart-contract. This takes time, but it is better to do this than to launch a smart-contract with a critical vulnerability that will result in millions of dollars with the potential to be lost or stolen.
4. Smart-contract auditors will be paid with CLO from the Callisto Network treasury funds.
5. ETC and CLO smart-contract auditing requests will be accepted for free. We aim to improve the security of ETC ecosystem.

This is even more important since we plan to implement Callisto Network core features with built-in Callisto capabilities i.e. smart-contract systems.

[Lola_TaksaXXX]

Another goal of Callisto Network is the implementation of experimental
protocols, which are a combination of core features implemented in smart-contracts and merged protocol-level configuration.
An important point is the ability to implement key platform features using built-in mechanisms: ie smart-contracts.

 Callisto Network is intended to solve this problem for CLO and ETC ecosystems with an "Official Smart-contract Auditing Department of CLO & ETC". This represents a completely free opportunity for a professional smart-contract developer to audit their smart-contract.

A standard procedure of secure smart-contract development for the ETC & CLO ecosystem will be developed. This standard procedure will include auditing of smart-contracts. Usually, auditing is quite expensive and some developers neglect it before launching their smart contracts.

Utilizing capabilities of the Callisto Network, we aim to establish a free-for-all system of smart-contract auditing.
1. A registration of audited smart-contracts will be created.
Every smart-contract that successfully passes the security audit will receive an official audited status. Otherwise, the contract will remain non-audited by default.
2. Everyone will be allowed to submit auditing requests and this is completely free for smart-contract developers.
3. A full-time team of smart-contract auditors will be hired to review each request for a smart-contract. This takes time, but it is better to do this than to launch a smart-contract with a critical vulnerability that will result in millions of dollars with the potential to be lost or stolen.
4. Smart-contract auditors will be paid with CLO from the Callisto Network treasury funds.
5. ETC and CLO smart-contract auditing requests will be accepted for free. We aim to improve the security of ETC ecosystem.

This is even more important since we plan to implement Callisto Network core features with built-in Callisto capabilities i.e. smart-contract systems.

Hence, smart contracts will be checked. It's good. This will enable the investor to assess the risks of investing in either project.

[BlocksTechnology]

Another goal of Callisto Network is the implementation of experimental
protocols, which are a combination of core features implemented in smart-contracts and merged protocol-level configuration.
An important point is the ability to implement key platform features using built-in mechanisms: ie smart-contracts.

 Callisto Network is intended to solve this problem for CLO and ETC ecosystems with an "Official Smart-contract Auditing Department of CLO & ETC". This represents a completely free opportunity for a professional smart-contract developer to audit their smart-contract.

A standard procedure of secure smart-contract development for the ETC & CLO ecosystem will be developed. This standard procedure will include auditing of smart-contracts. Usually, auditing is quite expensive and some developers neglect it before launching their smart contracts.

Utilizing capabilities of the Callisto Network, we aim to establish a free-for-all system of smart-contract auditing.
1. A registration of audited smart-contracts will be created.
Every smart-contract that successfully passes the security audit will receive an official audited status. Otherwise, the contract will remain non-audited by default.
2. Everyone will be allowed to submit auditing requests and this is completely free for smart-contract developers.
3. A full-time team of smart-contract auditors will be hired to review each request for a smart-contract. This takes time, but it is better to do this than to launch a smart-contract with a critical vulnerability that will result in millions of dollars with the potential to be lost or stolen.
4. Smart-contract auditors will be paid with CLO from the Callisto Network treasury funds.
5. ETC and CLO smart-contract auditing requests will be accepted for free. We aim to improve the security of ETC ecosystem.

This is even more important since we plan to implement Callisto Network core features with built-in Callisto capabilities i.e. smart-contract systems.

Hence, smart contracts will be checked. It's good. This will enable the investor to assess the risks of investing in either project.

Smart-contract security is critical for most blockchain DApp development platforms. The main goal of this organization is to improve the security of the Ethereum Classic and Callisto ecosystem by providing free security audits for smart-contract developers.
The smart-contract auditing organization is scalable, which means it allows to hire, manage and pay security audits of any smart-contracts written in any language depending on demand and community needs.

[EtEos]

Good afternoon . Are there any who made a mountain calisto at the very beginning of the fork? Is it worth it to do?

[EweCoinEwe]

I have a small question regarding exchanges of clo. What did you use to exchange eth or btc?

[lottereumDev]

Good afternoon . Are there any who made a mountain calisto at the very beginning of the fork? Is it worth it to do?

Yes, being a miner in Callisto is advantageous. Join a pool and get a CLO. Then sell CLO to us on exchanges, we will be happy)))))))

[yhendri]

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.

About 760 day starting from today. Assume the blockchain time was 15 second. But currently the block time was 13 second. So it can be sooner

[yhendri]

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?

The Dev considering fee methode to process transaction. But, they Will work on next 6 year to make decision.

[GraBitCoin]

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.

About 760 day starting from today. Assume the blockchain time was 15 second. But currently the block time was 13 second. So it can be sooner

So after two years you can expect a doubling of the CLO price. We need to hold our CLO for this period)))

[GlockCoin]

Good afternoon, there was a question. How do you think the project will be able to get a listing on a major exchange?