"CX24.io uses a complex set of factors"

in clockx24 •  3 years ago 

Introduction

This document does not constitute an offer of securities or an invitation to invest in securities. This white paper is intended to provide information about [CX24.io's features and technical structure, as well as the services provided by the project. Based on the information contained in the documentation, readers can comment on our project.

This information is sufficient for direct users and investors. However, the information contained in this document is for informational purposes only. So we are not responsible.

This white paper is a living document and is prone to errors and administrative changes. The information presented should not be interpreted as a service commitment between stakeholders. In addition, the specific statements and estimates contained in this document are the product of optimism. It's just information or future ideas that haven't been realized at any given moment.

CX24.io: Doubling of assets every 10 minutes!

CX24.io provides a decentralized financial asset that rewards its users with a 0.018% increase in their assets, every 10 minutes. C24 reward generation is a unique protocol that delivers advanced benefits. The C24 rewards protocol generates and distributes 0.018% rewards every 10 minutes for all active users. The protocol complements the RFI properties. This protocol is packed with innovative technologies and features that other forks don't have. It is specially designed to be automated and efficient.

Comparison of CX24.io with other Olympus DAO forks

Wonderland

Fork of Olympus DAO
Blockchain: Avalanche
Policy controlled currency system
Offers APY of 79,000%

Roman DAO

Olympus DAO fork
Blockchain: Moonriver, which is layer-1 solution on Polkadot
Aims to be a reserve currency of Kusama and Polkadot
Emphasis on earning through gamification

TaiChi DAO

Olympus DAO fork
Blockchain: BSC
TVL 1.5 million
Offers APY of 201,000%

CX24.io

Not a fork of Olympus DAO
Blockchain: BSC
Aims to provide forever yield farming
Offers 1,284,615.72% APY
Provides automated returns
Has RFI feature
Follows rebase token strategy
CX24.io Utilities

The CX24.io protocol has several utilities that distinguish this protocol from the Olympus DAO fork. This difference also gives CX24.io a market advantage. All of these utilities are briefly discussed in this section.

$C24 utility token: $C24 is the native token on the protocol that also serves as the network's native currency. All rebase interest is paid in $C24 tokens along with many other utilities of this token.

Protocol governance: apy $C24 also provides protocol governance facility.

$C24 insurance: CX24.io provides a more secure token structure with a $C24 insurance fund. The $C24 Insurance Fund holds 2% of all trading fees, which helps maintain and support bet rewards by maintaining price stability and greatly reducing downside risk.

Automated secure betting strategy: The $C24 token is always stored in your wallet, so it is never given to third parties or centralized authorities. All you have to do is buy and hold as you will automatically receive the prize in your own wallet, eliminating the need for a complicated betting process. Through the automation of the entire procedure, all prizes from the staking pool are automatically transferred to your wallet.

High APY: CX24.io pays 1,284,615.72% APY. The distribution of all prizes is followed by an automated process so that no user misses a payment.

Auto merge protocol: CX24.io auto merge protocol pays users every 10 minutes of the 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 interesting aspects of the CX24.io Protocol is the automatic token burn system known as "The burning Pit", which prevents the circulating supply from getting out of control. The burn pit consumes 2.0 percent of all $C24 Token market sales and is consumed in a single transaction.

Tokenomics rebase CX24.io: To support rebase pricing and rewards, CX24.io uses a complex set of factors. This includes the $C24 Hours Insurance Fund (CIF), which acts as an insurance fund to ensure price stability and long-term viability of the C24 Protocol by maintaining a consistent 0.018 percent rebase rate paid out to all $C24 token holders every 10 minutes.

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

This is what I can say in this article. If you need accurate and reliable information, you can visit their official link, which I have provided below:

AUTHOR : oneal.ngeplox

Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2573674
BSC Wallet Address : 0x647Cd0A9B5108980BF3bf3672b739376FFA167a9

clockx24 c24 foxchampaigns farming autocompounding pool stakingreward
3 years ago by

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