About CX24.io
About
Clock x24 finance is
transforming DeFi with the clock x24 autostaking protocol (CAP) that delivers
the industry’s highest forever APY, rebasing rewards every 10 minutes, and a
simple buy-hold-earn system that grows your portfolio in you wallet, fast
CX24.io
The CX24.io protocol has some utilities that distinguish
this protocol from Olympus DAO forks. These differences also provide a market
edge to CX24.io. All of these utilities are briefly discussed in this section
● $C24 utility token
The $C24 is a native token on the protocol which also serves as the network’s
native currency. All rebase interests are paid in $C24 token along with many
other utilities of this token.
● Protocol governance: apy $C24 also provides the facility
of protocol governance.
● $C24 insurance: CX24.io provides a safer token structure
with the $C24 insurance fund. The $C24 Insurance Fund holds 2% of all trading
fees, which helps to sustain and back the staking rewards by maintaining price
stability and greatly reducing downside risk.
● Automated safe staking strategy: The $C24 token is always
kept in your wallet, so it is never given to a third party or centralized
authority. All you have to do is buy and hold because you will automatically
receive rewards in your own wallet, eliminating the need for any complicated
staking processes. Through the automation of the entire procedure, all rewards
from the staking pool are automatically transferred to your wallet.
● High APY: CX24.io
pays 1,284,615.72% APY. The distribution of all rewards are followed by an
automated process so no user miss any payment.
● Auto-compounding protocol: The auto-compounding protocol
of CX24.io pays users every 10 minutes in a day, making a total of 144 payments
in a day. This figure makes CX24.io the fastest auto-compounding protocol on
the network.
● $C24 auto-burning: One of the most exciting aspects of the
CX24.io Protocol is an automatic token burn system known as "The burning
Pit," which prevents circulating supply from becoming unmanageable. The
burning Pit consumes 2.0 percent of all $C24 Token market sales and is consumed
in a single transaction.
● CX24.io rebase tokenomics
To support its price and rebase rewards, the CX24.io employs
a complex set of factors. It includes the $C24 Clock Insurance Fund (CIF),
which acts as an insurance fund to ensure the C24 Protocol's price stability
and long-term viability by maintaining a consistent 0.018 percent rebase rate
paid to all $C24 token holders every 10 minutes. All of these elements have
been coordinated by the CX24.io development team so that they work seamlessly
behind the scenes. As a result, $C24 holders now have a simple and elegant
staking and rewards system. Simply by purchasing and storing the $C24 token in
your wallet, you can earn rebase rewards in the form of interest payments
directly into your wallet. Every 10 minutes, your tokens will increase. Using a
Positive Rebase formula, C24 allows token distribution to be paid directly
proportional to epoch rebase rewards, worth 0.018 percent of the total amount
of $C24 tokens held in your wallet every 10 minute epoch period. The rebase
rewards are distributed to all $C24 holders on each EPOCH (10 minute rebase
period). There are a total 52,560 EPOCH in a year. The daily compounding rate
is not linear, but exponential. For example, if you invest $1 for 1 year, you
will have 794,467 $C24.
● CX24.io insurance fund
The $C24 Insurance Fund, abbreviated CIF, is a separate
wallet in C24's XAP system. The TIF employs an algorithm that underpins the
Rebase Rewards and is funded by a portion of the buy and sell trading fees
accumulated in the CIF wallet. Simply put, the CIF parameter backs the staking
rewards (rebase rewards) that are distributed every 10 minutes at a rate of
0.018 percent, ensuring a high and stable interest rate to $C24 token holders.
The C24 Insurance Fund holds 2% of all trading fees, which helps to sustain and
back the staking rewards provided by the positive rebase. C24 insurance fund
CIF’s properties
● Reduction of risk
associated with downside
● Ensuring long term growth continuity by maintaining
constant growth levels ● Ensuring price stability through rebase strategy
● C24 treasury
The Treasury is very important in the C24 CAP protocol. It
performs three critical functions for the growth and long-term viability of
CX24.io. The treasury serves as an additional source of funding for the CIF. This
additional support could be useful if the $C24 token's price falls
dramatically. It contributes to the establishment of a floor price for the $C24
token. The treasury is also used to fund new C24 products, services, and
projects that will broaden and strengthen the CAP use cases and C24 economy.
Furthermore, the treasury provides funding for CX24.io marketing.
● The burning pit
The burning Pit consumes 1.0 percent of all $C24 traded. The
more that is traded, the more that is added to the fire, causing the fire pit
to grow in size, larger and larger through self-fulfilling Auto-Compounding,
reducing the circulating supply and maintaining the C24 protocol stable.
Another advantage of an everlasting burn of circulating supply is that the
deflationary nature of it equates to a higher value of each $C24 token, thus
increasing individual value. In simpler terms, the $C24 token is burned
periodically to prevent unmanageable token supply in the market, and to offset
any risk that arise from positive rebase printing.
● Liquidity management
Liquidity can be
thought of as a large pool of money that is split into half between $C24 and
$BNB tokens. There is a conversion ratio that is set to the amount of $C24 that
can be obtained through BNB, for example: 1 BNB equals 36.44 C24. When someone
purchases C24, the price per $C24 rises, and the ratio above changes to account
for this. The same is true for sales in the opposite direction. Liquidity
allows anyone to buy and sell their C24/BNB at any time, but the less money/liquidity
there is in the pool, the lower the price you get, so what our liquidity
management system does is add more liquidity to that pool on its own, thereby
resolving that issue. Protocol procedure for liquidity management system Our
C24 liquidity management system will infuse automatic liquidity into the market
every 36 hours. There is a 2% and 3% tax fee on each buy or sell order
respectively, that is automatically stored in the CIF wallet, and built into
our protocol's smart contract is the process that smartly takes 50% of the
amount of C24 stored in the wallet and will automatically purchase BNB at the
current market price. The remaining 50% of C24 within CIF wallet are used for
the C24 side of liquidity, resulting in a split weighting of C24/BNB, which
will then be automatically assigned as new, additional liquidity into market
pairs, increasing the pool's liquidity.
APY
formulation for C24
The CX24.io protocol follows daily-interest compounding
simple formulation Where. A is the future value of your investment P is the
principle investment r is the interest rate in decimals n is the number of time
interest compounded in the given time t is the total time period for investment
maturity It should be noted that rate r and time t should be expressed in the
same time units, such as months or years. Time conversions based on a 365-day
year have 30.4167 days/month and 91.2501 days/quarter.
There are 360 days in a year, with 30 days per month and 90
days per quarter.
In the present case: If the user invests $1000 worth $C24
for a period of 1 year at 0.018% compounding every 10 minutes. He will have
$7,944,670 C24 after his investment maturity.
Tokenomics
$C24 is a BEP-20 token which is hyper-inflationary in
nature.
This native currency dispenses properties essential for
passive income generation through providing 0.018% interest every 10 min, which
makes 144 times in a day.
The protocol is a self-designed and drafted network and is
not essentially a fork of any other project. With its Auto-Burn, burning Pit
configuration, marginal starting supply, and lower 10-minute Epoch's, C24's
tokenomics are also entirely unique, allowing for a much more linear APY
evolution of attainability.
fee
structure
The buying and selling fee structure are crucial for the
protocols performance as this collected fee is used for several feature’s
maintenance and offer The 6% buying fee is broken down as follow:
● 2% for liquidity pool
● 1% for insurance/ development fund
● 2% for treasury funds
● 1% for burning
The 8% selling fee is broken down as follow:
● 3% for the liquidity pool
● 3% for the treasury fund
● 1% for the
insurance fund
● 1% for burning
Roadmap
● Website Development ● Whitepaper Documentation ● Build
Phase - Smart Contract ● Build Phase - dApp V1 Dashboard ● Deployment Phase -
Smart Contract - Testnet ● Solidity Finance Audit ● Deployment Phase - Smart
Contract Deployment - Mainnet ● Deployment Phase - dApp V1 Dashboard ● Initiate
and Promote Discord Community ● PR Marketing ● Bounty Campaign ● Pre-Launch
Marketing ● Fair Launch on PinkSale ● PinkLock Liquidity Locked 13.5 years ●
Twitter Marketing Campaign ● YouTube Marketing Campaign ● CoinMarketCap Listing
● Certik Application ● Certik Listing ● Certik KYC ● Certik Audit ● CoinGecko
Listing ● DappRadar Listing ● Airdrop Campaign ● SEO ● 5,000 Token Holders ●
10,000 Token Holders ● 15,000 Token Holders ● 20,000 Token Holders ● 50,000
Token Holders ● 100,000 Token Holders ● Build Phase - dApp V2 Dashboard ●
Deployment Phase - dApp V2 Dashboard ● On Ramp Integration ● Cross-Chain
Integration ● Partnerships ● Development Mobile Application iOS and Android ●
Launch Alpha Version Mobile Application iOS and Android ● DAO ● Merchandising ●
NFT Collections
https://www.instagram.com/clockx24/
https://www.reddit.com/user/clockx24
https://www.facebook.com/Clockx24
#Proof of Authentication
BTT Username: lucintaa
https://bitcointalk.org/index.php?topic=5391149.msg59748618#msg59748618
Wallet: 0x4b0Ba94e8a7090dA0d7C1617a1DD0b346B4EC0F3
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