# CLOCK Token

<mark style="color:green;">**$CLOCK Contract :**</mark> [**0x38b3A3b766a182f8F7a115B1b0f0A8E78F4e88d8**](https://bscscan.com/address/0x38b3a3b766a182f8f7a115b1b0f0a8e78f4e88d8#code)

**$CLOCK** is a BEP20 token with an elastic supply which rewards its holders with a positive rebase formula, this is an AutoStaking and AutoCompouning token backed by multichain farming.

![](https://3320642646-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FkYAMeZEpJT4RDgZly2pi%2Fuploads%2FjTMdgJpRWQgocuOsJPBA%2Fclocktr.png?alt=media\&token=81385765-0a29-4226-8a6b-bc2e618b3994)

## Tokenomics

**Initial Supply : 100.000 $CLOCK**

Buying and selling fees are essential to Clock360's operation, as they feed the treasury and the CIF to make the protocol stable.

The amount of the fees (<mark style="color:green;">**14% for buys**</mark> and <mark style="color:red;">**18% for sells**</mark>) allows Clock360 to provide $CLOCK holders with the stable high yield of 190,132.54% annually. &#x20;

## Fees Explained

<mark style="color:green;">**Buy Trading Fees:**</mark>

4% - LP\
5% - CIF\
3% - Treasury\
2% - Burn

<mark style="color:green;">**Sell Trading Fees:**</mark>&#x20;

4% - LP\
9% - CIF\
3% - Treasury\
2% - Burn

<mark style="color:green;">**Placement:**</mark>&#x20;

* **LP -** Trading fees goes to backing the liquidity of the BNB/CLOCK pair on PancakeSwap ensuring an ever-increasing collateral value of $CLOCK. &#x20;
* **CIF -** Trading fees are stored in the Clock360 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 CIF and provides a marketing budget for Clock360 and other
* **Burn -** 2% of all $CLOCK traded are burnt in the Burn Contract. The more is traded, the more  is burnt causing the Burn Contract to grow in size, larger and larger through self fulfilling auto-compounding which in return acts to reduce the circulating supply of $CLOCK and keeping the Clock360 protocol stable.