Callisto Coin Large Staking Reward System
This document should be read as a concept. The key takeaway should be building a mechanism in the 12th round of Cold Staking that sets a minimum amount of staked Callisto Coin to qualify for a higher multiplier value. The examples are just examples, so the amount of coin and the amount of the reward can be adjusted. This feature could be permanent, semi-permanent, or a one-time feature.
Implement an additional Cold Staking reward feature based on a tiered minimum number of Callisto Coin (CLO) that will provide an increased return based on the amount staked in the 12th staking round. This will behave similarly to the round reward system currently in place. The goal would be to drive additional purchases and accumulation of Callisto Coin to get the additional reward.
Callisto Coin has implemented a system that promotes Cold Staking and helps drive supply down by limiting the number of coins in circulation. This solution offers owners of CLO the opportunity to gain a passive income. There is no minimum cold staking amount, however, there is also no mechanism to reward large CLO stakers beyond the existing reward system. This means large stakers get the same percentage return as a small staker staking the same length of time.
- Drive the price of Callisto Coin higher by encouraging larger staking amounts which could require additional purchases of CLO
- Drive increased purchase volume
- Drive long term holders of Callisto Coin
- Support the reduction of Callisto Coin in circulation
- Increased CLO price
- Increased CLO volume
- Reduced CLO circulation
- Drive mining activity
- Reduced circulating supply could impact the liquidity of the coin
- Callisto Treasury cannot cover additional awards
- Promotes a whale based user base
The listed multiplier replaces the existing normal 12th multiplier value for large Callisto Coin stakers.
*Note - Consider the numbers in the example as variables meaning the amount or the multiplier or the number of Callisto Coins can be adjusted as needed to achieve optimal returns and allow the Callisto Coin Team the ability to adjust to ensure the model will work within the budget of the treasury.
Formula Used: Staked (CLO), BaseStakerReward (BSR), Multiplier (M) (CLO x BSR) (M) + (CLO x BSR) = Reward
200,000 CLO Stake for 12 rounds (Assumes a final round return of .0045 and that the staker has claimed rewards from all rounds)
Reward without adjusted multiplier (1.0) = 1,800 CLO Reward with adjusted staking reward (2.0) = 2,700 CLO
500,000 CLO Stake for 12 rounds (Assumes a final round return of .0045 and that the staker has claimed rewards from all rounds)
Reward without adjusted multiplier (1.0) = 4,500 CLO Reward with adjusted staking reward (5.0) = 13,250 CLO
1,000,000 CLO Stake for 12 rounds (Assumes a final round return of .0045 and that the staker has claimed rewards from all rounds)
Reward without adjusted multiplier (1.0) = 9,000 CLO Reward with adjusted staking reward (11.0) = 54,000
Development by the Callisto Development Team
Testing funded and conducted by Callisto Security/Callisto Development Team
Funded by the Callisto Enterprise CLOE
Million coin stakers should be uncommon; there is the potential for 3000 using 3 billion coins in circulation based on future burn feature
500 One million CLO 12th round stakers = 27,000,000 CLO paid out using the above example
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