When it is planned to conduct a hard fork Cold staking. Can someone give me the exact information?
The planned Callisto hardfork No. 1 (11 November 2018) enables the cold staking protocol. 10% of the total volume of CLO emissions for the entire time of the initial stage of launch will be deposited into the staking contract. This allows early cold stakers to receive an initial reward as if they were staking during the initial stage.
The First Stake offers the highest reward for the earliest stakers.
The amount of staking reward will decrease with time to the normal staking reward amount of 20% of treasury pool.
Total treasury fee at this stage is 30% which includes:
● Development funding: 10%
● Cold staking allocation: 20%
Thank you for your exhaustive answer! Last question. When will the final hard fork, after which the network will begin to function in full?
The planned Callisto hardfork No. 2 (11 November 2019 - this may be delayed) enables a governance system. Cold stakers will be allowed to participate in proposal submitting and proposal voting. A development proposal that has been approved by cold stakers voting will receive funding. The Callisto team and the Official Smart-contract Auditing Department will operate through proposal submitting at this stage.
Total treasury fee at this stage is 30% which includes:
● Treasury allocation: 10%
● Cold staking allocation: 20%
This is in the White Paper https://drive.google.com/file/d/18NsazbbcMwmas7TIZRbDslIfNCVeLgBY/view
Here is another reference to the leading role of Cold stakers in the work of Callisto Network. So I'm definitely going to be Cold stakers!
But how will the votes be distributed among Cold stakers? Proportional to CLO "frozen" in a smart contract? Or 1 Cold stakers = 1 vote? How many CLO should I put a minimum?
Maybe 1 CLO = 1 vote? But so "whales" will make the decisions they need.
