Cx24.io — A Comparison Between Clock 24 and Auto Staking Protocols!
Clock 24 is revolutionizing decentralized finance with its auto-staking protocol: an innovative new financial protocol that will simplify and change fundamental staking, thanks to amplified automated staking yields, which offers an exponential APY. Auto-staking protocol CAP, grants $C24 native token, a delicate auto-staking and dialing functionality. Furthermore, the introduction of these features strengthens the token’s value proposition, as does the generation of a fixed APY every 10 minutes.
Generating auto-fixed APYs every 10 minutes is the key value proposition of the Clock 24 platform. The main goal of our network is to provide exceptional APY to our users through innovative blockchain-based solutions. The essence of our services lies in long-term asset holding, which will multiply 144x per day and 52,560x per year, ultimately resulting in a high APY of 1,284,615.72% compounded APY. This innovative core engine and other additional features are the foundation of Clock 24, which distinguishes this protocol from other similar projects, and Olympus DAO forks.
Thus it is crucial, at this point, to draw a clear contrast between the product and service of Cx24 with other notable names, in order to avoid any misconceptions. Likewise, it is also absolutely necessary to differentiate the working of automated staking protocols with RFI to educate users about the loopholes in the latter’s framework.
Comparison between standard staking and auto-staking
By contrast, the basic deviating factor between standard staking and automated staking is the set of operations that takes place in each staking protocol. The former usually comprises of a lengthy manual procedure which follows a set of time consuming steps in order to stake one’s funds. Among all the hustling steps to be followed, the most frustratingly complex step is to find the right staking pool according to one’s priorities; this can be exhausting because of plethora of options available on the internet, all of which are similar in one way or another, ultimately confusing a beginner.
A sharp contrast between the two is drawn here
- Standard staking is manual and auto-staking is automated by smart contracts.
- Standard staking procedure comprises of multiple steps, while auto-staking comprises of a single step of initiating a stake, later it is carried away by the smart contract.
- Standard staking offers linear returns, in contrast auto-staking offers exponential returns.
- Standard staking has fixed APY, whereas auto-staking offers a rate or percentage APY, which increases over time.
- Standard staking is beneficial in short term, while auto-staking yields highest returns in the long run.
Contrast between Cx24 and RFI
What is RFI?? RFI operates on a frictionless yield generation framework, which usually operate through imposition of 6% transaction fee on buying and 8& on selling, which is then automatically distributed among all token holders.
The key differences of RFI and auto-staking lies in following points
- RFI reward through the distribution of 1% transaction fee, while Cx24 auto-staking offers a return of 1,284,615.72%.
- RFI does not offers yield generation through staking
- Although RFI offers return on token holding, however, in the long run token deflation off-sets any returns holders might have incurred previously.
Comparison with Olympus DAO forks
Olympus DAO is a pioneer in utilizing staking for incentivizing users. The network is a decentralized community that use staking and bonding to incite user participation in Olympus treasury. Through this technique the network captivates new input treasury.
Many other networks have either taken inspiration from the form or has become its forks. This section will specifically focus on salient features that differentiate Clock 24 from these projects.
The first protocol for comparison is Safuu, which uses is SAP protocol for auto-compounding model. Following factors draws a line between Cx24 and Safuu.
- Safuu offers a staking reward every 15 minutes, whereas Cx24 has reduced this time to reward distribution, every 10 minutes.
- Safuu offers return 96 time a day, and Cx24 offers return 144 times a day, thus offering a drastically higher return rate than the former.
- Safuu offers a fixed APY of 122,234%, while Cx24 offers a fixed APY of 122,234%.
The second protocol, Titano is a fork of Olympus DAO. It’s comparison with Cx24 leads out following results
- Titano offers a fixed APY of 102,483.52%, whereas Cx24 offers a fixed APY of 794,467%.
- Titano propose a daily rate on investment of 1.8666%. On the contrary, Cx24 offer a daily compounding of 144 times.
Comparison of CX24.io with other Olympus DAO forks
Hence, all of these aforementioned propositions supports Cx24 supremacy over its counter protocols.
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