bitFORTUNE Silver

The bitFORTUNE Silver Derivative is defined to provide an option on the bitFORTUNE Platform to store value on the spot price of silver. This derivative is classified as low risk.

bitFORTUNE Silver could potentially be higher or lower than the spot price of silver. This is due to dollar cost averaging strategies and interest bearing assets that comprise the derivative’s composition. Silver assets may be lent for interest per some assets capabilities to centralized or decentralized entities. The intention is to outperform the spot price of silver by trading silver to and from United States Dollars (USD) using technical analysis and other techniques to increase the amount of silver per dollar invested along with earning interest. The bitFORTUNE Silver derivative composition includes silver and stable coin(s) that is pegged 1:1 to USD. This allows strategic shifting of value to and from silver and USD.

There is a front end and back end fee for the bitFORTUNE Silver 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 Silver Statistics Price Value Chart Definitions

### bitFORTUNE Silver Asset Statistics Table

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

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

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

The bitFORTUNE Silver 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 Silver 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 Silver Asset Statistics Table is an approximation of the current Market Capitalization of bitFORTUNE Silver tokens. The Market Cap is quoted in USD. This value is calculated by taking the number of BFSLVR tokens in circulation and multiplying that value times the price of BFSLVR 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 Silver Asset Statistics Table is a weighted approximation of the current interest yield of bitFORTUNE Silver 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/BFSLVR column of the bitFORTUNE Silver Asset Statistics Table indicates the *approximate* current price of bitFORTUNE Silver tokens in circulation. The price is quoted in Bitcoin (BTC) per BFSLVR.

The bitFORTUNE Silver display price in Bitcoin is periodically updated automatically. The update is time stamped and appears just beneath the Cryptocurrency column of the bitFORTUNE Silver 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 Silver 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 Silver Asset Statistics Table is an approximation of the current circulating supply of bitFORTUNE Silver tokens. The Circulating Supply is quoted in BFSLVR. This value is calculated by taking the number of BFSLVR tokens issued by the administrative account and subtracting all BFSLVR tokens held by the administrative account. This difference is the Circulating Supply of BFSLVR 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 Silver Asset Statistics Table. Once a radio button is selected the USD/BFSLVR and BTC/BFSLVR 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 Silver 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 Silver 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 Silver 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 Silver 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 Silver Price Chart plots the price of bitFORTUNE Silver tokens at a specified frequency. The chart communicates the price of bitFORTUNE Silver tokens over time. The price of bitFORTUNE Silver 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 Silver Composition Table

The Asset column of the bitFORTUNE Silver Composition Table indicates assets comprising the bitFORTUNE Silver Derivative.

Systematically the composition may be adjusted by adding or removing assets as perpetual 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 assets logo. The name of the asset is hyperlinked to the primary web site dedicated to that asset. Beneath the name is the symbol of the asset that is primarily used as a short hand notation on exchanges for that assets markets.

Note: assets in composition may or may not be cryptocurrencies.

The Amount column of the bitFORTUNE Silver 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 Silver 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 Silver 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 Silver 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 Silver 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 Silver composition and is also used as an ingredient to calculate the net asset value of the bitFORTUNE Silver 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 Silver 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 Silver Asset Statistics

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

bitFORTUNE Silver (BFSLVR) | $25.42000000 | -0.20% | $1,194.74 | 0.0% APY | |

BTC/BFSLVR | 7d | Circulating Supply | |||

0.00044359 BTC | +1.92% | 47.00000000 BFSLVR | |||

MON MAY 10 2021 17:51:47 UTC | ask spot bid | bitFORTUNE.fund |

bitFORTUNE Silver Price Chart

bitFORTUNE Silver Composition

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

iShares Silver Trust SLV | 47.00000000 SLV | $25.41000000 | 0.0% | +0.80% | $1,194.27 | $74.73 | |

United States Dollar USD | 0.00000000 USD | $1.00000000 | 0.0% | 0.00% | $0.00 | $0.00 | |

TOTAL | 0.0% | +0.80% | $1,194.27 | $74.73 |