I've right this as a comment on reddit, but i want to make it clearer for new trader or investor.
Don't buy or hold ETC for CLO.
"CLO will never be more than 1 $ TOP. Just look at the whitepaper. Dev earn 500k CLO per MONTH.
I'm a front end dev, and even the react dev is 150k CLO per month. A front-end dev with experience earn something like 4-6k $ per month, because it's crypto let's say it's 10 k $, then do the math : 10 000 / 150 000 = 0.06 $ per CLO.
So 0.1 $ is clearly the extreme "normal" value of CLO. And this is with a "bullish" view of what a dev is earning in the real world.
Don't expect anything more than 0.1 $"
Trade with care and document yourself. Also from here : https://thecryptocheatsheet.com/2018/03/01/callisto-clo-overview-and-analysis/
"In the first 8 months after launch, over 8 times the number of CLO airdropped to ETC holders will be created. Also of note, developer rewards during the phase 1 will be greater than the initial airdrop to ETC holders. We expect this to put significant sell pressure on CLO at least until the cold staking smart contract is implemented in phase 2."
Airdrop is only 100 000 CLO and in two years 6.5 Billions !
Again ! Don't buy ETC for CLO.