[ANN][POW][CLO] Callisto Network - Cold Staking & Security Audits - page 50.

revenanTts

member

Activity: 429

Merit: 16

Quote from: two_btc on September 07, 2018, 03:43:32 AM

Quote from: revenanTts on September 07, 2018, 12:03:41 AM

I have read and do not approve of such a position of the Founder. This is a "big minus" for investors to evaluate the project. But, as I believe, this will not affect the decision of HitBTC.

Did you know Satoshi?
No
Bitcoin Core team do a good work?
Yes
People trust in Bitcoin?
Yes

Bitcoin developers are known and verified. Therefore, BTC is recognized and regulators consider financial instruments based on it.

DEXRAN is far from SATOSHI, he is the head of developers who conducted the hard fork and his anonymity hinders the development of the project, since if he leaves, investors will suffer.

two_btc

member

Activity: 144

Merit: 10

Quote from: revenanTts on September 07, 2018, 12:03:41 AM

I have read and do not approve of such a position of the Founder. This is a "big minus" for investors to evaluate the project. But, as I believe, this will not affect the decision of HitBTC.

Did you know Satoshi?
No
Bitcoin Core team do a good work?
Yes
People trust in Bitcoin?
Yes

revenanTts

member

Activity: 429

Merit: 16

Quote from: two_btc on September 06, 2018, 02:06:50 PM

Quote from: revenanTts on September 06, 2018, 11:03:52 AM

This is a very big problem. Control over the project goes into the hands of two not the most important team members. The main developers are left out. This is a very big risk for investors.

HitBTC can be accepted documents, as they do not care who of the team will answer before the Law.

Did you read AMA with DEXRAN?

Q. - How much time is needed to solve the problem KYC

A. - It is up to @yograterol I’m not going to deanonymize myself or provide any documents.

I have read and do not approve of such a position of the Founder. This is a "big minus" for investors to evaluate the project. But, as I believe, this will not affect the decision of HitBTC.

two_btc

member

Activity: 144

Merit: 10

Quote from: revenanTts on September 06, 2018, 11:03:52 AM

This is a very big problem. Control over the project goes into the hands of two not the most important team members. The main developers are left out. This is a very big risk for investors.

HitBTC can be accepted documents, as they do not care who of the team will answer before the Law.

Did you read AMA with DEXRAN?

Q. - How much time is needed to solve the problem KYC

A. - It is up to @yograterol I’m not going to deanonymize myself or provide any documents.

Alex-Lae

newbie

Activity: 9

Merit: 0

As every one know that to stake the coin through the staking pool the staker dont need power,system,or other connectivity but if we want to stake the same coin with out using staking pool means do we need minimum coins to stake and we need system to run???

revenanTts

member

Activity: 429

Merit: 16

Quote from: two_btc on September 06, 2018, 08:54:10 AM

We got a reply from the lawyers. For non-EU citizens, additional procedures are required. They must be verified by Ministry of Foreign Affairs (MFA) of Estonia. This procedure requires some time. Moreover, these persons must provide a bunch of additional papers. Our team members don't live in the countries of their citizenship. This requires one more step as well. The documents must be verified by the embassy of their country + Estonian MFA.

We've also checked the possibility of the offshore company registration. If the offshore company buys an Estonian company (or just a share of the company) it must disclose it's beneficiaries. In this way, we need to proceed with the Estonian MFA verification again.

We are already behind schedule and we don't want to have any further delays.

The only option left is to register the company to the EU citizens: Carlos Sampol and Mikhail Korolev. Then we could complete the verification process for the rest of the team and the EU citizens will "sell" the shares in the company to them. There is a small risk that HitBTC will ask why the CEO of the company is not Yohan. However, we don't think that is important for them. They could also ask to provide the Dexaran's identity... We don't think it's a problem.

This is a very big problem. Control over the project goes into the hands of two not the most important team members. The main developers are left out. This is a very big risk for investors.

HitBTC can be accepted documents, as they do not care who of the team will answer before the Law.

two_btc

member

Activity: 144

Merit: 10

We got a reply from the lawyers. For non-EU citizens, additional procedures are required. They must be verified by Ministry of Foreign Affairs (MFA) of Estonia. This procedure requires some time. Moreover, these persons must provide a bunch of additional papers. Our team members don't live in the countries of their citizenship. This requires one more step as well. The documents must be verified by the embassy of their country + Estonian MFA.

We've also checked the possibility of the offshore company registration. If the offshore company buys an Estonian company (or just a share of the company) it must disclose it's beneficiaries. In this way, we need to proceed with the Estonian MFA verification again.

We are already behind schedule and we don't want to have any further delays.

The only option left is to register the company to the EU citizens: Carlos Sampol and Mikhail Korolev. Then we could complete the verification process for the rest of the team and the EU citizens will "sell" the shares in the company to them. There is a small risk that HitBTC will ask why the CEO of the company is not Yohan. However, we don't think that is important for them. They could also ask to provide the Dexaran's identity... We don't think it's a problem.

mestberssurf

newbie

Activity: 4

Merit: 0

It istrue that in todays market it is very hard to have an original idea, it's just overpopulated. But you can have an original approach to the same idea. That can be the difference.

revenanTts

member

Activity: 429

Merit: 16

Quote from: two_btc on September 06, 2018, 06:00:03 AM

Quote from: revenanTts on September 05, 2018, 11:16:12 PM

Is it a tiny country on the outskirts of Russia? Of course this is not important, but will the conclusion of their lawyers for HitBTC be sufficient?

It is EU country, all EU countries are same - big and small.

Will the conclusion of their lawyers for HitBTC be sufficient?
Have the owners of HitBTC been asked? Can I see the answer screen?

two_btc

member

Activity: 144

Merit: 10

Quote from: revenanTts on September 05, 2018, 11:16:12 PM

Is it a tiny country on the outskirts of Russia? Of course this is not important, but will the conclusion of their lawyers for HitBTC be sufficient?

It is EU country, all EU countries are same - big and small.

revenanTts

member

Activity: 429

Merit: 16

Quote from: two_btc on September 05, 2018, 05:04:51 PM

Small update about KYC procedure.

We've finally chosen Estonia. Estonia is located in the EU. One of the Estonian advantages is that their government makes everything electronically (online). The estonian lawyers are ready to write and sign the "legal opinion" required for HitBTC listing. Legal opinion is the legal document stating that CLO coin is not being considered as securities by the SEC.

Yersterday we have sent all team docs to lawyers. They've promised to check all in 1-2 days. It is not too easy - our team is too much international.

We'll keep you posted and write the updates as soon as we get them from the lawyers.

Is it a tiny country on the outskirts of Russia? Of course this is not important, but will the conclusion of their lawyers for HitBTC be sufficient?

two_btc

member

Activity: 144

Merit: 10

Small update about KYC procedure.

We've finally chosen Estonia. Estonia is located in the EU. One of the Estonian advantages is that their government makes everything electronically (online). The estonian lawyers are ready to write and sign the "legal opinion" required for HitBTC listing. Legal opinion is the legal document stating that CLO coin is not being considered as securities by the SEC.

Yersterday we have sent all team docs to lawyers. They've promised to check all in 1-2 days. It is not too easy - our team is too much international.

We'll keep you posted and write the updates as soon as we get them from the lawyers.

big_daddy

hero member

Activity: 1680

Merit: 583

xUSD - The PRIVATE stable coin - Haven Protocol

Quote from: CoinKwoT on September 05, 2018, 09:16:29 AM

Quote from: big_daddy on September 05, 2018, 05:26:23 AM

read this monthly update, and inform yourself, also, subscribe to this newsletter to be informed in the future

https://callisto.network/blog/post/callisto-monthly-progress-report-august-2018/

Look - do not look ... I do not see the point anymore. It seems to me that the audit will not be in demand by a large number of clients, and therefore there will be no demand for CLO.

Well, after the begining of the cold staking program, lot of CLOs will be locked for a long period of time, due to the staking contract
Also, with the sidechain implementation, we will see a spike in the value

I think that CLO is one of those cryptos that will remain alive on the top 50 for a long long time

CoinKwoT

newbie

Activity: 45

Merit: 0

Quote from: big_daddy on September 05, 2018, 05:26:23 AM

read this monthly update, and inform yourself, also, subscribe to this newsletter to be informed in the future

https://callisto.network/blog/post/callisto-monthly-progress-report-august-2018/

Look - do not look ... I do not see the point anymore. It seems to me that the audit will not be in demand by a large number of clients, and therefore there will be no demand for CLO.

big_daddy

hero member

Activity: 1680

Merit: 583

xUSD - The PRIVATE stable coin - Haven Protocol

read this monthly update, and inform yourself, also, subscribe to this newsletter to be informed in the future

https://callisto.network/blog/post/callisto-monthly-progress-report-august-2018/

CoinKwoT

newbie

Activity: 45

Merit: 0

Quote from: DonMi on September 05, 2018, 01:41:03 AM

How do we know we can trust your accounting and reporting on costs and output? Who will independently control and oversee your project’s accounting and operations?

They say that they will soon leave with github (I do not understand how you can work on someone else's platform at all). I hope that their actions will be controlled by smart contracts and the community, but not by administrators.

DonMi

newbie

Activity: 32

Merit: 0

How do we know we can trust your accounting and reporting on costs and output? Who will independently control and oversee your project’s accounting and operations?

CoinKwoT

newbie

Activity: 45

Merit: 0

Free - it means bad. This is what customers always think. Maybe you need to start audit only those smart contracts for which the developers have made a deposit?

CoinDrop99

newbie

Activity: 47

Merit: 0

Quote from: hankrules on September 04, 2018, 08:08:45 PM

Is this coin available for trade on any exchange yet?

This coin is traded in the same place as the coin from your signature. Here https://app.stocks.exchange/en/basic-trade/pair/BTC/CLO/1D the main exchange currently. Soon there will be a HitBTC.

singlass

jr. member

Activity: 65

Merit: 1

YOU !! yes you who's reading this buy or mine before this thing gets the eff outta here by the end of the year,NEO,CLO and ZEN eff everything else trust me

Topic: [ANN][POW][CLO] Callisto Network - Cold Staking & Security Audits - page 50. (Read 89893 times)