CX24.io - It has a simple and elegant betting and reward system.

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.

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

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