Hey everyone, I was just researching some crypto news and came across an article that I thought I would share with all of you...all of this info comes from the link below. Click below to learn more.
If you are currently holding ETC, then you are in for a treat. All ETC holders will be credited with Callisto (CLO) on a 1-for-1 basis. This means that if you are holding 100 ETC, then after the Airdrop, you will receive 100 CLO. Pretty sweet deal right?!
Airdrops are different than hardforks. Callisto will be going to a brand new blockchain (in which CLO is the native currency) rather than forking off of ETC's blockchain. Callisto's blockchain will offer possible scaling solutions, test experimental protocols, and set up a governance system which incentivizes both miners and coin holders. Callisto introduces a Cold Staking Protocol that rewards coin holders for being network participants. Coin holders can stake their coins and earn interest, without having to validate transactions, since consensus will continue to be achieved via Proof-Of-Work (POW).
The Airdrop will make a Snapshot of the ETC Blockchain at Block 5500000 (Approximately March 5, 2018). This date depends on ETC Block Time and ETC Hashrate Changes). At the time of the Snapshot, all ETC holders will receive CLO coins automatically in a 1:1 ratio to the amount of ETC that was held at block 55000000.
There is still plenty of time to purchase ETC in my opinion. Now is the time to get in. As we get closer to the date of the Airdrop, the price of ETC is most likely going to rise. I also expect a pretty significant price drop in ETC right after the Airdrop. So you have a few options...Hold ETC to earn the CLO and ride it out, Sell you ETC prior to the Airdrop if the price rises and you're "in the profit," or hold ETC to earn CLO and then immediately sell ETC during the drop. I myself will start accumulating more ETC now and continue to watch the market to decide my next move. Please share your thoughts and feel free to upvote and resteem. Thanks for stopping by and good luck investing...