bitFORTUNE Ethereum

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

bitFORTUNE ETH could potentially be higher or lower than ETH. This is due to automated trading, interest bearing assets and dollar cost averaging strategies applied with the derivative’s composition. The bitFORTUNE ETH derivative composition includes market pegged assets, the bitFORTUNE ETH Trader and interest bearing assets. The intention is to outperform the value of ETH with dollar cost averaging, by trading ETH 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 ETH 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 ETH Statistics Price Value Chart Definitions

### bitFORTUNE ETH Asset Statistics Table

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

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

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

The bitFORTUNE ETH 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

The 24h value of the bitFORTUNE ETH 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

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

The Interest column of the bitFORTUNE ETH Asset Statistics Table is an approximation of the current interest yield of bitFORTUNE ETH 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

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

The bitFORTUNE ETH display price in Bitcoin is periodically updated automatically. The update is time stamped and appears just beneath the Cryptocurrency column of the bitFORTUNE ETH 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

The 7d value of the bitFORTUNE ETH 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

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

The ask, spot and bid prices are selectable via radio buttons in the footer of the bitFORTUNE ETH Asset Statistics Table. Once a radio button is selected the USD/BFETH and BTC/BFETH 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 ETH 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 ETH 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 ETH 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 ETH 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.

The bitFORTUNE ETH Price Chart plots the price of bitFORTUNE ETH tokens at a specified frequency. The chart communicates the price of bitFORTUNE ETH tokens over time. The price of bitFORTUNE ETH 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 ETH Composition Table

The Cryptocurrency column of the bitFORTUNE ETH Composition Table indicates assets comprising the bitFORTUNE ETH 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 cryptocurrency’s 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 asset’s markets.

The Amount column of the bitFORTUNE ETH 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

The Price column of the bitFORTUNE ETH 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

The Interest column of the bitFORTUNE ETH 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

The 24h column of the bitFORTUNE ETH 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

The Value column of the bitFORTUNE ETH 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 ETH composition and is also used as an ingredient to calculate the net asset value of the bitFORTUNE ETH 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

The Profit column of the bitFORTUNE ETH 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 ETH Asset Statistics

Cryptocurrency | USD/BFETH | 24h | Market Cap | Interest | |
---|---|---|---|---|---|

bitFORTUNE ETH (BFETH) | $3,632.09001404 | -3.78% | $9,399.45 | 0.0% APY | |

BTC/BFETH | 7d | Circulating Supply | |||

0.07609593 BTC | -7.53% | 2.5878915 BFETH | |||

SUN MAY 16 2021 16:32:08 UTC | ask spot bid | bitFORTUNE.fund |

bitFORTUNE ETH Price Chart

bitFORTUNE ETH Composition

# | Cryptocurrency | Amount | Price | Interest | 24h | Value | Profit |
---|---|---|---|---|---|---|---|

Ethereum ETH | 2.58789151 ETH | $3,611.58000000 | 0.0% | -6.26% | $9,346.38 | $3,818.89 | |

bitFORTUNE ETH Trader BFETHT | 0.00000000 BFETHT | $0.00000000 | 0.0% | +169.64% | $0.00 | $0.00 | |

Tether USDT | 0.00000000 USDT | $1.00291042 | 0.0% | +0.20% | $0.00 | $0.00 | |

PAX Gold PAXG | 0.00000000 PAXG | $1,914.36000000 | 0.0% | +1.71% | $0.00 | $0.00 | |

TOTAL | 0.0% | -6.26% | $9,346.38 | $3,818.89 |