29 Jan 2018

White Paper bitFORTUNE Profit

bitFORTUNE Profit bitFORTUNE investors are extended 100%

29 Jan 2018

bitFORTUNE Profit

bitFORTUNE investors are extended 100% liquidity. There is no “lock-in” period of any sort for bitFORTUNE investors. Any investor desiring to sell their tokens may do so at any time by putting a sell order on the bitFORTUNE exchange. Some processing time may be required to fill the sell order as the administrative account must liquidate some assets in the portfolio for Bitcoin. Other speculators may purchase bitFORTUNE tokens from sellers on the exchange but this liquidity is not required for sellers to realize the Bitcoin value of their tokens. The administrative account is responsible to buy back tokens from investors.

The net asset value of the portfolio is calculated daily and this implies that the buy order on the bitFORTUNE exchange will be updated daily to reflect the new price of bitFORTUNE tokens.

bitFORTUNE extends profit to investors by maintaining a buy order on the bitFORTUNE exchange by the administrative account. The buy order on the exchange corresponds to the sell order on the exchange by the administrative account as described in the DISTRIBUTION section of the bitFORTUNE White Paper. The buy order on the exchange as maintained by the administrative account will be slightly less than the sell order on the exchange maintained by the administrative account. This is for an obvious reason so patrons may not buy bitFORTUNE tokens from the administrative account and then immediately sell them back at a higher price. The buy order on the exchange maintained by the administrative account allows investors to sell their bitFORTUNE tokens and realize the value in BTC. The BTC asset is backed 1:1 by real BTC and can be deposited or withdrawn on Stellar using the gateway service provided by Naobtc.

Of the bitFORTUNE goals is to provide high liquidity for investors wanting to sell their tokens. In order for the administrative account to fill investor sell orders the sell price must be equal to or less than the price of bitFORTUNE tokens calculated as described per the bitFORTUNE Value section of the bitFORTUNE White Paper.

In order for the administrative account to earn commission for system maintenance and portfolio management the following schedule applies to value extracted from the fund in order to maintain the buy order on the exchange by the administrative account:

  • minimal : 3%
  • 100% growth > net asset value from last 30 day cycle calculation >= 50% growth : 5%
  • net asset value from last 30 day cycle calculation >= 100% growth : 7%

In the event more funds are needed for administrative allocation as described in the Strategy section of the bitFORTUNE White Paper the administrative commission described here may be channeled to those areas to support the best interest of bitFORTUNE as a whole.

White Paper Contents

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