Good evening . Does anyone have any predictions? What do you think, how many CLO will be in December? Will the income depend on this?
A block is formed roughly every 15 seconds and in each block contains 600 CLO.
There are 86400 seconds in a day so:
86400 / 15= 5760
5760*600= 3,456,000
So right now there are 3,456,000 CLO created each day. 20% of that goes to the treasury fund, 10% of that goes to the staking fund.
3,456,000 * 20% = 691,200
3,456,000 * 10% = 345,600
691,200 + 345,600= 1,036,800
2,419,200 Actual CLO are created and distributed to the miners daily besides the CLO reserved for the funding mechanism.
~150 days until December 2018....3,456,000 * 150 = 518,400,000 created until then
518,400,000+456,258,253(current supply) = 974,658,253
So nearly 1 Billion coins in mined by December, around that time they will enable the cold staking mechanism which IMO is the MOST important aspect of this project. It is what makes it unique and sets it apart from others.
Let's speculate that by that time, with a little hype and marketing the market cap of CLO gets to 120 million (~16x what it is now), that would put each CLO at .12c (12x what it is now) and that is if the price of bitcoin stays the same, if bitcoin goes up the price of each CLO could be even more.
Could be a lot of upside with this project.
Thanks for the calculations! This is very important information for the investor. It turns out that the prospects are very good.
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