# 🔥     Auto-Burn

<mark style="color:green;">**Clock360Burn Contract:**</mark> [**0xE7f776B36920CED1bE19b87a140CD63317BFeBcf**](https://bscscan.com/address/0xe7f776b36920ced1be19b87a140cd63317bfebcf#code)

Some competitors claim to do a Burn by keeping at the beginning of the project for example 10% of the total offer and then they burn every week 2% of what they have.

This is a completely ridiculous system for **two reasons.**

Firstly, it is a large number of Tokens that they own **and can sell at any time.** Secondly, these are Tokens that have never been in circulation, so virtually it reduces the total supply in circulation, but in practice **it is transparent and can have no impact on the price.**

<mark style="color:red;">**At Clock360 we have a real Burn system**</mark><mark style="color:red;">.</mark>&#x20;

**In each buy or sell transaction, 2% is used for the Burn.**

**The more transactions there are, the more burns there will be**, thus controlling the supply of CLOCK by making it **deflationary.**

**With each transaction, 2% is sent to a Smart Contract which has no function, so it cannot be withdrawn, it is locked in forever.**

<mark style="color:red;">**We are also unable to change the receiving address of the burnt $CLOCK on the Token Smart Contract, this protects investors from a Rug.**</mark>

**In addition to this we carry out regular burns and buybacks.**

**\*The Lottery also contributes to the Burn. (** [<mark style="color:blue;">**Lottery**</mark>](https://clock360finance.gitbook.io/clock360/clock360-lottery)**)**

![](https://3320642646-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FkYAMeZEpJT4RDgZly2pi%2Fuploads%2FCHdWV1w7pMyS3C5E3BNt%2Fburn2.png?alt=media\&token=52c9eb93-2d89-4543-9a1b-a417634c519f)