07 Feb 2021

Derivatives BTC Section

bitFORTUNE Bitcoin

07 Feb 2021


bitFORTUNE Bitcoin

bitFORTUNE BTC Derivative Definition

The bitFORTUNE BTC Derivative is defined to provide an option on the bitFORTUNE Platform to store value pegged to Bitcoin using Bitcoin and other assets pegged to Bitcoin. This derivative is classified as medium risk due to the high volatility of Bitcoin. The bitFORTUNE BTC Derivative is poised with the intention of longer term speculation on Bitcoin whilst earning passive income in the form of accumulation of Bitcoin.

bitFORTUNE BTC could potentially be higher or lower than BTC. This is due to automated trading, interest bearing assets and dollar cost averaging strategies applied with the derivative’s composition. The bitFORTUNE BTC derivative composition includes market pegged assets, the bitFORTUNE BTC Trader and interest bearing assets. The intention is to outperform the value of BTC with dollar cost averaging, by trading BTC to and from selected assets and by earning passive interest with decentralized finance and centralized finance entities.

There is a front end and back end fee for the bitFORTUNE BTC Derivative. The front end fee is a flat 1%. The back end fee is variable depending on the performance of the derivative. The minimum back end fee is 1%. If the derivative performs greater than 1% in 30 days the back end fee increases by 25% of percent gains over 1%. For example if the derivative performed 5% for the past 30 days the back end fee would be 2%. 50% of the front and back end fee goes toward bitFORTUNE token – the main asset of the bitFORTUNE Platform. The other 50% of the fee is the administrative transaction processing and maintenance fee.


bitFORTUNE BTC Asset Statistics Table, Price Chart & Composition Definitions

bitFORTUNE BTC Statistics Price Value Chart Definitions

bitFORTUNE BTC Asset Statistics Table

bitFORTUNE BTC Asset Statistics Table

Cryptocurrency

The Cryptocurrency column of the bitFORTUNE BTC Asset Statistics Table displays the bitFORTUNE BTC logo followed by the name of the asset, that is bitFORTUNE BTC and beneath that is the symbol for bitFORTUNE BTC, that is BFBTC. The bitFORTUNE BTC name in the Cryptocurrency column is hyperlinked to the bitFORTUNE BTC exchange. Real time updates in the bitFORTUNE BTC Asset Statistics Table is time stamped and appears just beneath the Cryptocurrency column.

USD/BFBTC

The USD/BFBTC column of the bitFORTUNE BTC Asset Statistics Table indicates the approximate current price of bitFORTUNE BTC tokens in circulation. The price is quoted in USD per BFBTC.

The net asset value of bitFORTUNE BTC tokens may be calculated by taking the sum of the value of the composition of the derivative divided by the circulating supply. The bitFORTUNE BTC display price is plotted in the bitFORTUNE BTC Price Chart.

The bitFORTUNE BTC display price is periodically updated automatically. The update is time stamped and appears just beneath the display price. If the value since the last calculation:

  • has no variance display black
  • increases in value display green
  • decreases in value display red
24h

The 24h value of the bitFORTUNE BTC Asset Statistics Table displays the price percent change over the last 24 hours.

The 24h value is periodically updated automatically. If the value since the last check:

  • has no variance display black
  • increases in value display green
  • decreases in value display red
Market Cap

The Market Cap column of the bitFORTUNE BTC Asset Statistics Table is an approximation of the current Market Capitalization of bitFORTUNE BTC tokens. The Market Cap is quoted in USD. This value is calculated by taking the number of BFBTC tokens in circulation and multiplying that value times the price of BFBTC tokens.

The Market Cap is periodically updated automatically. If the value since the last calculation:

  • has no variance display black
  • increases in value display green
  • decreases in value display red
Interest

The Interest column of the bitFORTUNE BTC Asset Statistics Table is a weighted approximation of the current interest yield of bitFORTUNE BTC tokens. Interest is quoted as annual percent yield (APY). This value is calculated by taking the weight of all interest yielding assets of the composition of the derivative and summing the interest yields by weight.

Not all bitFORTUNE derivatives yield interest. In this case the APY is designated as 0% APY. Also, bitFORTUNE derivatives that yield interest do not necessarily have all assets comprising the composition of the derivative yielding interest.

The Interest is periodically updated automatically. If the value since the last calculation:

  • has no variance display black
  • increases in value display green
  • decreases in value display red
  • yields 0% APY display gray
BTC/BFBTC

The BTC/BFBTC column of the bitFORTUNE BTC Asset Statistics Table indicates the approximate current price of bitFORTUNE BTC tokens in circulation. The price is quoted in Bitcoin (BTC) per BFBTC.

The bitFORTUNE BTC display price in Bitcoin is periodically updated automatically. The update is time stamped and appears just beneath the Cryptocurrency column of the bitFORTUNE BTC Asset Statistics Table. If the value since the last calculation:

  • has no variance display black
  • increases in value display green
  • decreases in value display red
7d

The 7d value of the bitFORTUNE BTC Asset Statistics Table displays the approximate price percent change over the past 7 days.

The 7d value is periodically updated automatically. If the value since the last check:

  • has no variance display black
  • increases in value display green
  • decreases in value display red
Circulating Supply

The Circulating Supply column of the bitFORTUNE BTC Asset Statistics Table is an approximation of the current circulating supply of bitFORTUNE BTC tokens. The Circulating Supply is quoted in BFBTC. This value is calculated by taking the number of BFBTC tokens issued by the administrative account and subtracting all BFBTC tokens held by the administrative account. This difference is the Circulating Supply of BFBTC tokens.

The Circulating Supply is periodically updated automatically. If the value since the last calculation:

  • has no variance display black
  • increases in value display green
  • decreases in value display red
Ask, Spot & Bid Prices

The ask, spot and bid prices are selectable via radio buttons in the footer of the bitFORTUNE BTC Asset Statistics Table. Once a radio button is selected the USD/BFBTC and BTC/BFBTC prices will be updated to the selected price in the next real time update. The real time update may be acknowledged by noticing the price time stamp update in the footer of the bitFORTUNE BTC Asset Statistics Table.

The ask price is the price maintained by the administrative account that represents the lowest price the administrative account is willing to sell bitFORTUNE BTC tokens for as described by the definition of the derivative. The ask price is calculated from the net asset value as described by the definition of the derivative.

The spot price is the price of bitFORTUNE BTC tokens calculated by taking the sum of the value of the composition of the derivative divided by the circulating supply.

The bid price is the price maintained by the administrative account that represents the highest price the administrative account is willing to buy bitFORTUNE BTC tokens as described by the definition of the derivative. The bid price is calculated from the net asset value as described by the definition of the derivative.

bitFORTUNE BTC Price Chart

The bitFORTUNE BTC Price Chart plots the price of bitFORTUNE BTC tokens at a specified frequency. The chart communicates the price of bitFORTUNE BTC tokens over time. The price of bitFORTUNE BTC tokens in the Price Chart is quoted in USD. The X axis of the chart is time and the Y axis of the chart is Price (USD).

The chart has many features for price inspection including specifying time period and hovering for point data.

bitFORTUNE BTC Composition Table

bitFORTUNE BTC Composition Table

Cryptocurrency

The Cryptocurrency column of the bitFORTUNE BTC Composition Table indicates assets comprising the bitFORTUNE BTC Derivative.

Systematically the composition may be adjusted by adding or removing assets as perpetual cryptocurrency market research prove assets meet the criteria for inclusion or removal from the derivative composition.

Per asset in composition the image per cell represents that cryptocurrencies logo. The name of the cryptocurrency is hyperlinked to the primary web site dedicated to that asset. Beneath the name is the symbol of the cryptocurrency that is primarily used as a short hand notation on exchanges for that assets markets.

Amount

The Amount column of the bitFORTUNE BTC Composition Table indicates the amount of that asset held in the composition. The unit of the amount is denoted by the symbol of the cryptocurrency.

This value is periodically updated automatically. If the amount since the last check:

  • has no variance display black
  • increases in value display green
  • decreases in value display red
Price

The Price column of the bitFORTUNE BTC Composition Table is an approximation of the current market price of that asset. All prices are quoted in USD. This market price is an approximate average from all or near all exchanges the asset is listed on.

This value is periodically updated automatically. If the price of the asset since the last check:

  • has no variance display black
  • increases in value display green
  • decreases in value display red
Interest

The Interest column of the bitFORTUNE BTC Composition Table is a weighted approximation of the current interest yield of that asset. All interest is stated as annual percent yield (APY). Some interest rates are static while others are variable. Variable interest rates are updated following communication of adjustment to the bitFORTUNE platform.

The footer of the table contains a weighted interest for the Interest column. This weight is from all derivatives listed in the composition having an active position.

This value is periodically updated automatically. If the price of the asset since the last check:

  • has no variance display black
  • increases in value display green
  • decreases in value display red
24h

The 24h column of the bitFORTUNE BTC Composition Table displays the price percent change over the last 24 hours per asset.

The footer of the table contains a weighted total for the 24h column. This weight is from all derivatives listed in the composition having an active position.

The 24h value is periodically updated automatically. If the value since the last check:

  • has no variance display black
  • increases in value display green
  • decreases in value display red
Value

The Value column of the bitFORTUNE BTC Composition Table is an approximation of the current value of that asset in the composition. All prices are quoted in USD. This value is calculated by multiplying the amount times the price of the asset.

The footer of the table contains a total for the Value column. This total represents an approximation of the entire value of the bitFORTUNE BTC composition and is also used as an ingredient to calculate the net asset value of the bitFORTUNE BTC token.

The values including the total value is periodically updated automatically. If the value of the asset since the last price check:

  • has no variance display black
  • increases in value display green
  • decreases in value display red
Profit

The Profit column of the bitFORTUNE BTC Composition Table is the difference between the current value of the asset and the USD value invested in the position. This value is quoted in USD.

The footer of the table contains a total for the Profit column.

The values including the total value is periodically updated automatically. If the value since the last check:

  • has no variance display black
  • increases in value display green
  • decreases in value display red

bitFORTUNE BTC Asset Statistics

CryptocurrencyUSD/BFBTC24hMarket CapInterest
bitFORTUNE BTC LogobitFORTUNE BTC

        (BFBTC)
$57,058.50000000-0.70%$6,698.670.0% APY
BTC/BFBTC7dCirculating Supply
1.00000000 BTC-1.56%0.11740000 BFBTC

bitFORTUNE BTC Price Chart

bitFORTUNE BTC Composition

#CryptocurrencyAmountPriceInterest24hValueProfit
Bitcoin Logo Bitcoin
       BTC
0.11740000
BTC
$57,053.420000000.0%-0.65%$6,698.07$108.68
bitFORTUNE BTC Trader Logo bitFORTUNE BTC Trader
       BFBTCT
0.00000000
BFBTCT
$0.000000000.0%+84.98%$0.00$0.00
Tether Logo Tether
       USDT
0.00000000
USDT
$1.002910420.0%+0.20%$0.00$0.00
PAX Gold Logo PAX Gold
       PAXG
0.00000000
PAXG
$1,899.000000000.0%+1.00%$0.00$0.00
TOTAL0.0%-0.65%$6,698.07$108.68

bitFORTUNE Derivatives

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