Callisto is a separate blockchain that is based on Ethereum protocol with its own cryptocurrency (CLO)...Callisto introduces a Cold staking protocol that rewards coin holders for being network participants. The airdop will commence on the 5th of March 2018. Everyone holding any ETC will be given 1:1 Callisto.
https://www.youtube.com/watch?v=gktUVJOT--Y
https://cryptovest.com/news/etc-callisto-airdrop-announcement-leads-to-price-surge-and-stability/
How will this influence the current price of ETC?
And what would be a fair price for 1 Callisto (CLO) coin?
https://www.youtube.com/watch?v=gktUVJOT--Y
https://cryptovest.com/news/etc-callisto-airdrop-announcement-leads-to-price-surge-and-stability/
How will this influence the current price of ETC?
And what would be a fair price for 1 Callisto (CLO) coin?This seems like the reason why ETC is currently outperforming the bulk of the altcoins.
Callisto will probably be around the $7-10 mark because of the rise from the bottom that ETC's had. Once the airdrop occurs I think that at least some ETC holders will dump their coins straightaway since they've already got the airdrop coins, leading to a correction.
So essentially, since callisto depends on how much ETC you have, once its airdrop occurs its value will be taken out of the actual ETC.
ETC, in the mean time could get to $30 if hype for callisto continues.