Trading Fees Explained

Buy Trading Fees:

2.0% - LP 1.0% - CIF 2% - Treasury 1% - Burning Pit

Sell Trading Fees:

3% - LP 1% - CIF 3% - Treasury 1% - Burning Pit

Placement:

LP - Trading fees goes to backing the liquidity of the BNB/C24 pair on PancakeSwap ensuring an ever-increasing collateral value of $C24.
CIF - Trading fees are stored in the Clock24 Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.
Treasury - Trading fees go directly to the treasury which supports the SIF and provides a marketing budget for C24 and funds new product development.
Burning Pit - 3% of all $C24 traded are burnt in the Burning Pit. The more that is traded, the more get put into the fire causing the burning pit to grow in size, more and more through self fulfilling auto-compounding which in return acts to reduce the circulating supply of $C24 and keeping the Clock 24 protocol stable.

Last updated 3 years ago

Buy Trading Fees:

2.0% - LP 1.0% - CIF 2% - Treasury 1% - Burning Pit

Sell Trading Fees:

3% - LP 1% - CIF 3% - Treasury 1% - Burning Pit

Placement:

LP - Trading fees goes to backing the liquidity of the BNB/C24 pair on PancakeSwap ensuring an ever-increasing collateral value of $C24.
CIF - Trading fees are stored in the Clock24 Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.
Treasury - Trading fees go directly to the treasury which supports the SIF and provides a marketing budget for C24 and funds new product development.
Burning Pit - 3% of all $C24 traded are burnt in the Burning Pit. The more that is traded, the more get put into the fire causing the burning pit to grow in size, more and more through self fulfilling auto-compounding which in return acts to reduce the circulating supply of $C24 and keeping the Clock 24 protocol stable.

Last updated 3 years ago