Post
Topic
Board Announcements (Altcoins)
Re: [ANN][POW][CLO] Callisto Network
by
EweCoinEwe
on 14/07/2018, 16:15:22 UTC

In the network Callisto implemented a treasury model. A certain part of the reward from each block is allocated to the Callisto team to finance the further development of the project.


It seems that the market price stabilized at a little above three cents for a while. In the old telegram-chat Callisto.Network (it was recently blocked and now the discussion goes on in the new one). Most participants determined the equilibrium value of the coin, in which profitability equals the profitability of the air, 2.5 to 2.7 cents.


Unfortunately, there is still no timetable for the capacity of the network, but it seems that the rate of profit is kept at about the same level. For us, this is interesting only because it shows that the coin has already turned into a miner and the clients of the eyrrdrop (which originally owned about 100 million of the current 350 million) no longer affect the market.
Now the demand for a coin is supported by expectations from the cold-steak, and this, apparently, is all that can be squeezed out of the current situation. On the other hand, any positive news, even temporarily increasing demand, will immediately attract new miners and have a chance to gain a foothold in the price for a long time.


But still, working with Callisto now is a holding company with a bet on the future. And (more likely to negative) news kriptornka in general and possible new projects on the platform.


The CLO itself will work as a test network for ETC, albeit with its monetary value. Perhaps in the future, the smart contract Callisto will be applied to the blockchain ETC and vice versa. This step can claim the title of revolution, but this after a long work.


The appearance of Callisto is a chance to eliminate this gap. Coldsteking is a smart contract process that allows CLO coin holders to obtain a percentage of the total CLO emissions for long-term retention.