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Ask Me Anything With Callisto Founding Team 10/11/2018

Ask Me Anything With Callisto Founding Team 10/11/2018

Hello, @yograterol @Dexaran, @sampol18

Hi Dex,

Some guys were blaming you for EOS Bet hack. What do you say?

I would say that I will respond if they write something more reasonable than a research based on their assumptions.

Until then – I consider it as an attempt to grab some easy karma on Reddit

In this case why your moderators deleted the question on telegram and Reddit? Even ETC mods do not censor opinions. They are just labeling them with “No proof” remark like this

Isn’t it the censorship that you are fighting so much?

I was not here when it happened. I don’t know why they did it but I will investigate later.

Hi @dexaran … First, can you tell us how you feel, and give us the news that you feel important to tell us …

I can say that HF1 is completed successfully. Cold Staking will be enabled soon.

It is important to say that after the onset, network stress and panic are possible. We ask community members to remain calm and think about their decisions carefully. If you don’t understand something – feel free to ask. Please, do not hit all the buttons you see and think about what you are doing!

For Dex, did you imagine some cool functions to implement in the future? For Yohan what is your vision for Callisto on the next quarter?

My main focus is information security.

We will start the formation of EOS security department soon. Other development-related features are described in the whitepaper. I have nothing to add for now.

Hi, @dexaran!

 Why such a low level of information about the upcoming cold stacking? 1 day before the start and we don’t even know if there will be buttons, no instructions. What will you do when questions from those who, for example, send their coins to the wrong address or make another mistake, will sprinkle?

Instructions are published.

UI is in testing – there are no guides at the moment, however, if you know JS then you can browse the code.

Instructions should be more useful/detailed for standard users. When I push the “cold staking” button on the website, there is no detailed info about stacking – how to do it. Also, detailed info about wallets and all other points are highly appreciated

when will legal opinion be ready?

Next week.

What percentage of probability that it will be?

I guess 100%, I’m pushing lawyer to get it. 👌

Hey team, Will we be able to follow the % staked at the moment somewhere?

Yes,  you will be able to check the available balance on the stake

Question to developers!  The exchange Binance bought a wallet Trust that supports the CLO network. You haven’t talked to the exchange about the CLO listing?

We have sent the requests but no answer. So, it’s a goal for 2019 totally.

@Dexaran @yograterol

I want to be part of the team to improve myself.

Who can help me?

write me to [email protected]

I see that the balance in the CS wallet is 51 million CLO since we will be staking to the same address, will that affect the total weight and payout for each staker?

This will increase your rewards during the first month.

Do you have a twitter account Dex?

No.

Do you plan to partner with, for example, ETC or other projects?

We would be happy to establish a partnership with any project that can benefit from Callisto.

The issues here is that ETC community is not interested.

if we have the same address is not less secure..is not more protection each one to have individual contract address

It is technically impossible to let users stake from their addresses without depositing into the contract.

I see that cold stake will be enabled on 12/11 (12 November 2018).

there are time windows to start staking or will be possible at any moment?

After the contract is enabled you can start staking at any moment.

@yograterol Are there any new members of the media team?

No for now.

What marketing campaigns are available for the near future? How do you plan to attract investors?

You could check forum with news about marketing every week https://forum.callisto.network/t/marketing-week-8-summary/299

@dexaran After a while, are you planning to switch to another network, for example, EOS? With CLO reward

Callisto will remain as a separate blockchain platform in the near future.

Hello dex how do you see the price for Callisto? I am interested as an investor

Well,

We have > hashrate than UBQ, EXP or even ETP.

I guess that we will surpass them by marketcap.

<this is not an investment advice>

who is in control of the address in the end it is totally independent

We have control over some methods by safe as “freeze CS”.

@Dev team  what will be the future plan to let the Callisto take a good place in the crypto world

After CS activation we will publish an updated roadmap aiming to get a better place in the crypto world. We are fulfilling the current roadmap for this year.

@dexaran do you have a plan to join top100 cc?

see my previous message about hashrate comparison.

“We have > hashrate than UBQ, EXP or even ETP.

I guess that we will surpass them by marketcap.

<this is not an investment advice>”

also, ETP is in top100

https://coinmarketcap.com/currencies/metaverse/

@yograterol Is there any really effective marketing plan?

Our current marketing plan is effective, It could be improvement anytime if you have feedback about it please write it here or [email protected].

Dexaran I Remember that was a specific day each month to start coldstake or not?

You can start staking at any moment (if you are not staking already).

If you already have balance in staking then you should (1) use another fresh account or (2) wait for the end of your 27-days staking round.

I have a question for Carlos Sampol. How it turns that you became a CTO of Callisto? Afaik your only responsibility is website development. Congrats tho 😀

The website is not my only responsibility.

CLO has a lot of internal projects – Galileo, Audit platform and a lot more.

Every request of design for any web product is on my hands. including clients rust-callisto and go-callisto

Do you have large investors who are ready to enter the project?

I can’t provide a positive or negative answer to it.

I guess that a question about “large investors” should not be related to the development team.

@dexaran do you plan to move Callisto on ProgPow?

Under consideration.

@yograterol any info about when account added to ledger live wallet?

Let me ask it.

What do you plan to do after launching CS and listing on HitBTC?

see Roadmap https://callisto.network/

@Dexaran @yograterol What is the exchange rate of CLO you see before the new year?

Hello Dexaran, I got a question: what is the reason for the back door with freezing and withdrawal of funds in the smart contract of cold staking?

I mean function “freeze” and “withdraw_rewards”

This is not a backdoor. This is a very necessary debugging function that will save all your money if an error/hack will occur.

What is happening during freezing more detailed? Dexaran please make some detailed info.

We can

  1. Unfreeze the contract.
  2. Withdraw staking REWARDS (not user’s deposits)

Users can

  1. Withdraw their rewards

Users can not deposit new funds into the contract.

Do you know if CLO will be supported from Metamask or Classic mask?

We can support it at ClassicMask if necessary.

We will think about it after the successful start of the Cold Staking.

If I put on cs on the 26th day of the first round will I be eligible for the 60% bonus?

Yes. But it will only be a small amount and also depends on the actions of other users

When Galileo block explorer?

We are currently developing it. Hope to be ready for next Quarter

Also, we are making some changes on current explorer to improve the experience and look and feel.

@Dexaran I see that buttons for cold staking and claiming reward work perfect on testnet. What is the horizontal scale that shows the percentages at the bottom?

This is the percentage of the completion of your staking round.

Should it show 100% after 10 minutes on the testnet? This is not happening. How much time should it take to reach 100%?

UI is currently in testing. I can’t say something right now – it can contain bugs.

That’s why there is no description or guidelines at the moment but only “staking through the contract”.

Some info may be displayed incorrectly for some reasons.

@Dexaran when will the information about audit statistics be available on the website?

In the next weeks.

Team everyone here want to make money because of this they asked about investors and exchanges

Well, they are doing it wrong.

The truth is that If you want to make easy money by asking questions like this – you will likely be in a loss.

You should learn TA/learn programming/ask investors or at the very least marketers.

They don’t need to make the money in the way that you wrote but they have rights to ask about the future of the coin and their investments.

I understand this but they are asking it to a wrong person probably.

@Dexaran is the main way for the dev team to improve technical features, or the marketing also takes not the last place?

We have marketing personnel on the team. It’s their role.

have any updates about EOS auditing team?

No for the moment.

@Dexaran I have one more question for you. Can you name crypto traders that you would recommend following and whose opinion is important for you? Trading reasoning only

Let me shred some light on known names and some twitter accounts:

Crypto Yoda (@cryptoyoda1338)

Luke Martin (@venturecoinist)

@FatihSK87

@cryptohornhairs

Josh Olszewicz (carpenoctom)

Anondran

@notsofast

Parabolic Trav (@parabolictrav)

I would name cryptomocho but he sold his twitter account and I don’t know who owns it now. I’m not sure about him.

@Dexaran at the end of the 27day round, a user needs to claim and make again deposit on contract or funds will be staked again automatically?

A user need to claim manually.

If he will not claim manually then the staking will continue but the user can only receive the reward for 27 days.

Example:

– user starts staking

– 27 days passed

– user forgot to claim and another 14 days passed

– the user claims reward – this is the reward for the first 27 days

– after 13 days he can claim another reward for his 2nd round

When claim another raward for the 2nd round, will user receive the full reward?

yes, he will receive the full reward for fully completed round

ok, this is clear.

but if user does not claim after 27day passes, staking continue with the original tx amount or with original tx + not claim the reward?

ex

tx=100

after 27 day reward=25

total 125

Staking for next round use 100 or 125 as a base for reward calc?

Only originally deposited amount.

Compound percents are not implemented yet.

We will implement them in HF2 and we are planning to upgrade the Cold Staking contract to implement some new features.

ok, then if users wants to use the entire amount have to claim all from the contract and make a new tx to the contract.

yes

I have a question about the fork. The fork was not a right fork with 2 chains what i read. What is chnaged in the codebase or what is implemented in the codebase , or is was the only change the implementation of the cs smart contract

Each “fork” is a creation of a second chain with newer (updated) consensus rules.

Our second chain successfully became the main chain.

Our old chain died as it should.

The fork is completed.

http://cryptocurrencyfacts.com/understanding-hard-forks-cryptocurrency/

I understand that the best method to cold staking is to withdraw staking CLO + bonus from staking after 27 days and then send the whole amount again right?

in this case, you’ll get more profit.

yeah but still I dunno why we can read at blog smth like that

” The longer a staker “stakes” their CLO, the higher the reward is.  For example, someone who stakes their coins for 2 months will receive approximately 2x the reward than if they had staked their coins for 1 month.  NOTE: the minimum period of time for the staking contract is 1 month, claiming can only take place after this period. “

Yes, it’s true. If you stake 2 months you get about x2 reward more then for stake 1 month. For example: for 1 month you get 10 CLO, so for 2 months you get 20 CLO – it’s obvious.

But on first 3 months, the Reward will be increased, so the above description will not work. So much profitable to claim reward after each staking interval (27 days) – it only for first 3 rounds.

Question to the developers. Do you realize that the frozen funds for cold stacking since April (from the start of the network) did not participate in the network economy, but after the first round they will be added, in a very large amount, more than 51 million tokens. And it will have the effect of additional emission of tokens? The economy will react with inflation. Maybe this is a mistake?

Yes, but in exchange, a significant amount of CLO will be subtracted from the circulating supply – it will be locked in Cold Staking.

This is the economic background of “staking”

Just to confirm, when you claim your reward it resets your staking time?  So after claiming the reward, waiting another 27 days, your multiplier is still 1 and not 2?

Yes, correct. After claiming your Staking Period will be set to 0 again

fex i stake with 100,000 CLO after 27 days I claim the reward and withdraw staking coins fex 125.000 CLO. Then I put all 125,000 CLO again for staking right?

yes

When people will see all preferences of CS, after listing on new Exchange we will see new money coming to CLO

New money will come into CLO at this moment. Regardless of whatever.

CLO Development team can even sit doing nothing and the “price increase” will come eventually because of market cycles. If you don’t believe me – research what $DOGE is.

The main goal of our development team is to improve the whole cryptocurrency industry by enhancing the security of smart-contract and researching/developing financial mechanisms and tools. Not the price pump of a certain coin.

I have a question. Is CMC contacted for my suggestion to make an own Column for CLO for the audited coins where you can see the CLO stamp?

No, We are tuning audit platform internally to create an open API for this type of purpose

Can the Whales staking CLO give us small stakers a heads up so we get a low %?

Technically yes

It is not directly implemented in the contract so it is up to them whether they want to do it or not.

if I don’t want to claim my rewards after 27 days for example, but let it stake for 270 days before claiming all the rewards (without) the staking amount) since the first one will I get it ALL except the stake amount?

Or should I claim the reward at each matured 27 days?

You no need to claim every 27 days. You can claim the reward once after 270 days. But your reward will be calculated at moment of claim and may be more or less than the amount of awards if you claim after each 27 days period. It depends from Reward Pool and All Stakers Amount at the moment you claim the reward.

Ok, so it’s better to claim to claim it each 27 days than at once 270 later?

it’s better for the first 3 periods, but for next periods it hard to predict. I can’t know how many stakers will be.

Additional comment by Dexaran:

It should be noted that this is THE VERY FIRST AND EXPERIMENTAL implementation of the cold staking.

This is not final. This will be upgraded.

I’ve purposely excluded a lot of functionality from the first version because security is the highest priority at the moment and we must avoid such accidents as TheDAO hack by any means.

Topics:AMA